Setting up the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam about the first attempt.
The research techniques & case study material you employ can play an essential part in your success or failure.
Therefore, it’s of vital importance which you use the tried & tested study methods & make use of the best study notes to pass through this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Having 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 that you already know the fabric along with along with giving you the arrogance that you will need to pass through quality.
2. Know about quality Format
Understanding the exact format from the exam will ensure that there are no surprises & that there is no chance of panic setting in which can happen if you’re surprised with something unexpected.
So in order to recap, the format from the CFA level 3 will be 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.A few moments should be allocated per question
3. Revise the information Three to four weeks Prior to the Exam
You cannot revise enough – in reality the greater you revise & the greater practice questions & exams one does the greater confident you may become for tackling quality as well as being more at ease & proficient with all the principles.
So give yourself a minimum of 21 days before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to ensure that you have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time constraints & pressure to succeed of sitting quality, a standard mistake is to misunderstand a matter & therefore pick the wrong answer.
It’ll pay out to pay a little extra time reading the question properly in order to not misinterpret it & whether it seems too involved & too time consuming you’ll be able to choose to leave it & internet browser another that one could tackle & answer quickly.
Personal time management is vital – wasting a long time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise even if you must sacrifice a little extra time to really get your calculation right.
Don’t rush it as you could wind up using time and energy along with losing out on receiving a relatively easy question right.
Silly mistakes will set you back valuable marks.
Finally, it can’t be overemphasised how important it’s to use the most effective study materials along with doing mock exams – get these two things right & your odds of passing the extent 1 exam will likely be greatly enhanced.
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