Setting up the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam for the first attempt.
The analysis techniques & case study material you use will have an essential part with your success or failure.
Therefore, it is of vital importance that you apply 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. Receive the best Study Material, Practice Questions & Past Exams
Obtaining 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 ensuring that you realize the material well as well as supplying you with the confidence that you will want to give quality.
2. Know about the test Format
Having the exact format in the exam will assure that we now have stay away from surprises & that there is absolutely no way of panic setting in which could happen if you’re surprised with something unexpected.
So just to recap, the format in the CFA level III 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
On average, 1.Five minutes should be allocated for each question
3. Revise the fabric Three to four weeks Before the Exam
You can not revise enough – actually the more you revise & the more practice questions & exams you are doing the more confident you may become for tackling quality not forgetting being much more comfortable & proficient using the principles.
So allow yourself no less than 21 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you understand each of the material & principles.
4. Read & Understand Each Question Carefully
Because of the a lack of time & the pressure of sitting quality, a typical mistake is to misunderstand a question & therefore choose the wrong answer.
It is going to pay you to spend a bit of time reading the issue properly in order to not misinterpret it & when it seems too involved & too time intensive you’ll be able to choose to leave it & look at another you could tackle & answer quickly.
Time management is critical – wasting too much effort promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Only 1 Correct Answer
Be precise even though you must sacrifice a bit of time to obtain your calculation right.
Don’t rush it as being you could wind up using time and also missing finding a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to make use of the most effective study materials and also doing mock exams – get those two things right & your odds of passing the particular level 1 exam will be greatly enhanced.
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