Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The research techniques & the research material you have will have a significant part within your failure or success.
Therefore, it’s crucial that you apply the tried & tested study methods & utilize best study notes to pass through this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Acquire 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 one of the most effective ways of making sure that you already know the information well as well as giving you the confidence that you’ll need to pass through the test.
2. Be informed about the Exam Format
Having the exact format of the exam will guarantee that there are stay away from surprises & that there is absolutely no way of panic setting in that may happen if you are surprised with something unexpected.
So in order to recap, the format of 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
An average of, 1.Five minutes must be allocated per question
3. Revise the information Three to four weeks Prior to Exam
You cannot revise enough – in reality greater you revise & greater practice questions & exams you need to do greater confident you’ll become for tackling the test not to mention being much more comfortable & proficient with the principles.
So allow a minimum of 30 days before d-day to perform as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you are familiar with all the material & principles.
4. Read & Understand Each Question Carefully
Due to time limitations & pressure to succeed of sitting the test, a typical mistake would be to misunderstand a matter & therefore opt for the wrong answer.
It is going to pay out the comission to shell out a little time reading the issue properly in order to not misinterpret it & if it seems too involved & too frustrating you can decide to let it rest & search another that one could tackle & answer quickly.
Time management techniques is vital – wasting a long time on time consuming questions could mean missing easier questions & wasting easy marks
5. There’s Merely one Correct Answer
Be precise even though you have to sacrifice a little time to really get your calculation right.
Do not rush it as you can find yourself using time and energy in addition to missing obtaining a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, structured be overemphasised how important it’s to work with the best study materials in addition to doing mock exams – get those two things right & the chances of you passing the level 1 exam is going to be greatly enhanced.
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