Setting up the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & the study material you have will play an important part in your failure or success.
It is therefore of vital importance that you employ the tried & tested study methods & make use of the best study notes to give this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Acquire the best Study Material, Practice Questions & Past Exams
Obtaining the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the best ways of making certain you understand the fabric along with along with supplying you with the boldness that you’ll need to give test.
2. Be aware of the Exam Format
Understanding the exact format from the exam will ensure that you have keep surprises away & there’s no chance of panic setting in that may happen should you be surprised with something unexpected.
So in order to recap, the format from the Level 3 mock grading is as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Typically, 1.5 minutes must be allocated for each question
3. Revise the pad Three or four weeks Prior to the Exam
You are unable to revise enough – actually the greater you revise & the greater practice questions & exams you do the greater confident you may become for tackling test not forgetting being more at ease & proficient with all the principles.
So give yourself at least 30 days before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to make sure you are familiar with all of the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & the stress of sitting test, a typical mistake is usually to misunderstand a question & therefore select the wrong answer.
It’ll pay out the comission to spend a little time reading the question properly so we don’t misinterpret it & when it seems too involved & too time intensive you are able to opt to let it rest & internet browser another that one could tackle & answer quickly.
Time management planning is very important – wasting too much time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise even if you need to sacrifice a little time to get your calculation right.
Do not rush it you could wind up using energy as well as losing out on getting a relatively easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it can be to work with the very best study materials as well as doing mock exams – get those two things right & your chances of passing the level 1 exam is going to be greatly enhanced.
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