Investing in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.

The research techniques & case study material you have will play an essential part inside your failure or success.

Therefore, it is crucial that you apply the tried & tested study methods & use the best study notes to feed 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

Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.

Doing past papers is one of the most effective ways of making certain you already know the material along with along with providing you the confidence that you will want to feed the test.

2. Know about the test Format

Knowing the exact format from the exam will ensure there are stay away from surprises & that there is absolutely no way of panic setting in that may happen in case you are surprised with something unexpected.

So simply to recap, the format from the CFA level 3 can 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

An average of, 1.Five minutes must be allocated per question

3. Revise the information Three to four weeks Prior to Exam

You can’t revise enough – in fact the harder you revise & the harder practice questions & exams one does the harder confident you are going to become for tackling the test let alone being more at ease & proficient together with the principles.

So allow no less than 25 days before d-day to do as many EOC (End of Chapter) questions & QBank (Schweser) as you can to ensure that you have an understanding of all the material & principles.

4. Read & Understand Each Question Carefully

As a result of time restraints & pressure of sitting the test, a standard mistake is usually to misunderstand a matter & therefore select the wrong answer.

It’ll pay out the comission to pay quite some time reading the question properly in order to not misinterpret it & when it seems too involved & too time consuming you’ll be able to opt to get forced out & go onto another you could tackle & answer quickly.

Time management planning is critical – wasting a lot of time on time consuming questions can often mean missing easier questions & wasting easy marks

5. There Is Merely one Correct Answer

Be precise although you may ought to sacrifice quite some time to get your calculation right.

Tend not to rush becoming you might find yourself using energy and also passing up on getting a relatively simple question right.

Silly mistakes will surely cost valuable marks.

Finally, structured be overemphasised how important it’s to make use of the very best study materials and also doing mock exams – get these two things right & the chances of you passing the level 1 exam will likely be greatly enhanced.
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