Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam around the first attempt.
The analysis techniques & case study material you employ may play a significant part with your success or failure.
Hence, it is critical which you use the tried & tested study methods & use the best study notes to give 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
Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the simplest ways of making certain you already know the material well as well as providing you the arrogance that you’ll want to give the exam.
2. Be informed about quality Format
Knowing the exact format from the exam will guarantee there are stay away from surprises & that there is no chance of panic setting in which could happen in case you are surprised with something unexpected.
So only to recap, the format from 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
An average of, 1.A few minutes needs to be allocated for each and every question
3. Revise the Material 3 to 4 weeks Before the Exam
You can’t revise enough – in fact greater you revise & greater practice questions & exams you are doing greater confident you will become for tackling the exam not to mention being much more comfortable & proficient with the principles.
So have no less than 3 weeks before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time limitations & pressure to succeed of sitting the exam, perhaps the most common mistake would be to misunderstand a matter & therefore pick the wrong answer.
It’ll purchase from you to shell out a little time reading the question properly so we don’t misinterpret it & when it seems too involved & too frustrating you’ll be able to opt to get forced out & go onto another that one could tackle & answer quickly.
Time management planning is vital – wasting a long time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise in case you have to sacrifice a little time to really get your calculation right.
Tend not to rush it as you might turn out using energy and also passing up on obtaining a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it is to use the very best study materials and also doing mock exams – get these two things right & the chances of you passing the amount 1 exam will likely be greatly enhanced.
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