Investing in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam for the first attempt.
Case study techniques & the study material you have will have a significant part inside your failure or success.
Hence, it is critical that you apply the tried & tested study methods & utilize the best study notes to pass this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Receive 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 one of the most effective ways of making sure you already know the fabric along with along with providing you with the arrogance that you will want to pass quality.
2. Be aware of test Format
Knowing the exact format in the exam will guarantee that there are keep surprises away & that there’s no chance of panic setting in which may happen should you be surprised with something unexpected.
So in order to recap, the format in the CFA level 3 is as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Typically, 1.A few minutes ought to be allocated for each question
3. Revise the information Three or four weeks Prior to Exam
You cannot revise enough – actually the greater you revise & the greater practice questions & exams you are doing the greater confident you may become for tackling quality not forgetting being more comfortable & proficient together with the principles.
So have no less than 3 weeks before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully understand all the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & pressure of sitting quality, a common mistake is always to misunderstand an issue & therefore choose the wrong answer.
It is going to pay out to spend a bit of time reading the question properly in order to not misinterpret it & whether it seems too involved & too time consuming you are able to choose to get forced out & search another that you could tackle & answer quickly.
Time management planning is very important – wasting a long time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise even though you have to sacrifice a bit of time to get your calculation right.
Don’t rush it as being you may end up using energy and also losing out on finding a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it can be to use the very best study materials and also doing mock exams – get those two things right & the chances of you passing the amount 1 exam is going to be greatly enhanced.
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