Applying the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
Case study techniques & case study material you employ may play an important part in your failure or success.
It is therefore crucial that you apply the tried & tested study methods & utilize best study notes to pass 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
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the most effective ways of making sure that you realize the fabric along with along with providing you the arrogance that you will need to pass the exam.
2. Be aware of test Format
Learning the exact format from the exam will guarantee there are keep surprises away & there’s absolutely no way of panic establishing which can happen if you’re 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
Normally, 1.5 minutes should be allocated for every question
3. Revise the information 3 to 4 weeks Before the Exam
You are unable to 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 exam as well as being convenient & proficient together with the principles.
So allow yourself at the very least 21 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you have an understanding of all the material & principles.
4. Read & Understand Each Question Carefully
Because of the time constraints & the stress of sitting the exam, a common mistake is usually to misunderstand an issue & therefore pick the wrong answer.
It is going to pay out to spend a little time reading the issue properly so we don’t misinterpret it & when it seems too involved & too time intensive it is possible to decide to leave it & go onto another that you could tackle & answer quickly.
Personal time management is vital – wasting too much effort by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise even if you ought to sacrifice a little time to obtain your calculation right.
Tend not to rush becoming you could turn out using valuable time along with missing getting a easy question right.
Silly mistakes will set you back valuable marks.
Finally, structured be overemphasised how important it is to make use of the best study materials along with doing mock exams – get the two things right & your chances of passing the amount 1 exam is going to be greatly enhanced.
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