Applying the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam for the first attempt.

The research techniques & case study material you have will have a crucial part within your failure or success.

Therefore, it is crucial that you employ 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. Obtain 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 probably the most effective ways of ensuring that you know the material well as well as providing you the arrogance that you’ll want to give quality.

2. Be Familiar With the Exam Format

Learning the exact format with the exam will assure there are no surprises & that there is no chance of panic setting in which could happen if you are surprised with something unexpected.

So only to recap, the format with the CFA level III 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

Normally, 1.5 minutes must be allocated for each question

3. Revise the fabric 3 to 4 weeks Ahead of the Exam

You can not revise enough – the truth is the greater you revise & the greater practice questions & exams one does the greater confident you’ll become for tackling quality not forgetting being more comfortable & proficient with the principles.

So allow at the very least 25 days before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you are familiar with every one of the material & principles.

4. Read & Understand Each Question Carefully

Due to time limitations & pressure of sitting quality, a common mistake is to misunderstand an issue & therefore pick the wrong answer.

It’ll pay you to pay a little time reading the issue properly so we don’t misinterpret it & if it seems too involved & too time intensive you’ll be able to opt to leave it & internet browser another that you could tackle & answer quickly.

Time management planning is critical – wasting a lot of time promptly consuming questions could mean missing easier questions & wasting easy marks

5. There exists Just one Correct Answer

Be precise in case you need to sacrifice a little time to obtain your calculation right.

Do not rush it as you may end up using energy and also losing out on finding a relatively simple question right.

Silly mistakes will surely cost valuable marks.

Finally, it can’t be overemphasised how important it really is to use the best study materials and also doing mock exams – get the two things right & your odds of passing the extent 1 exam will likely be greatly enhanced.
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