Putting in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.
The study techniques & the study material you use will have an important part with your success or failure.
It is therefore crucial that you apply the tried & tested study methods & make use of the best study notes to pass this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Receive 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 amongst the most effective ways of making sure that you realize the material along with along with supplying you with the boldness that you’ll want to pass the exam.
2. Know about the test Format
Knowing the exact format in the exam will guarantee that there are keep surprises away & that there are no chance of panic setting in which may happen should you be surprised with something unexpected.
So simply to recap, the format in 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
On average, 1.A few moments must be allocated for each question
3. Revise the information Three to four weeks Ahead of the Exam
You can not revise enough – the truth is the harder you revise & the harder practice questions & exams you need to do the harder confident you may become for tackling the exam let alone being much more comfortable & proficient using the principles.
So have at the very least 25 days before d-day to complete as much EOC (End of Chapter) questions & QBank (Schweser) as you can to actually are familiar with all the material & principles.
4. Read & Understand Each Question Carefully
As a result of a lack of time & the pressure of sitting the exam, a typical mistake would be to misunderstand something & therefore choose the wrong answer.
It’ll pay you to pay quite some time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time-consuming you’ll be able to plan to let it rest & internet browser another that you could tackle & answer quickly.
Time management techniques is very important – wasting too much effort punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Merely one Correct Answer
Be precise even though you have to sacrifice quite some time to obtain your calculation right.
Do not rush it you might find yourself using energy and also passing up on obtaining a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it cannot be overemphasised how important it can be to make use of the very best study materials and also doing mock exams – get the above things right & the chances of you passing the level 1 exam will probably be greatly enhanced.
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