Putting in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam around the first attempt.
The research techniques & the study material you use will play an essential part within your success or failure.
Therefore, it is of vital importance that you apply the tried & tested study methods & use the best study notes to give this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the simplest ways of making sure you understand the fabric well as well as giving you the boldness that you will want to give the exam.
2. Know about quality Format
Having the exact format with the exam will assure there are no surprises & there’s absolutely no way of panic establishing which can happen should you be surprised with something unexpected.
So simply to recap, the format with the Level 3 mock grading is really as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
On average, 1.A few minutes ought to be allocated per question
3. Revise the fabric Three to four weeks Ahead of the Exam
You are unable to revise enough – the truth is the greater you revise & the greater practice questions & exams you need to do the greater confident you are going to become for tackling the exam not to mention being convenient & proficient with the principles.
So have a minimum of 30 days before d-day to do as many EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully understand each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & pressure to succeed of sitting the exam, a standard mistake would be to misunderstand something & therefore opt for the wrong answer.
It’s going to pay out the comission to spend a little time reading the issue properly in order to not misinterpret it & whether or not this seems too involved & too time-consuming you’ll be able to choose to get forced out & internet browser another that you could tackle & answer quickly.
Time management is very important – wasting a long time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Only 1 Correct Answer
Be precise even if you must sacrifice a little time to really get your calculation right.
Tend not to rush it as being you may wind up using time and energy along with missing getting a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it really is to make use of the best study materials along with doing mock exams – get the two things right & your chances of passing the extent 1 exam will probably be greatly enhanced.
More information about Level 3 mock grading see this popular webpage: click for more info
