Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The analysis techniques & the research material you utilize will have a significant part with your success or failure.
Hence, it is crucial which you use the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Obtain 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 amongst the best ways of making sure you already know the pad along with along with providing you the arrogance that you’ll need to feed the test.
2. Be aware of the test Format
Knowing the exact format of the exam will assure that we now have stay away from surprises & that there is absolutely no way of panic setting in which can happen should you be surprised with something unexpected.
So just to recap, the format of the CFA level III will 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
An average of, 1.A few minutes ought to be allocated for each and every question
3. Revise the fabric Three to four weeks Ahead of the Exam
You cannot revise enough – the truth is the more you revise & the more practice questions & exams you need to do the more confident you will become for tackling the test let alone being convenient & proficient with all the principles.
So allow yourself no less than 30 days before d-day to do 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 to succeed of sitting the test, perhaps the most common mistake is usually to misunderstand a question & therefore pick the wrong answer.
It is going to pay out the comission to spend quite some time reading the question properly in order to not misinterpret it & if it seems too involved & too time intensive you’ll be able to decide to leave it & go onto another you could tackle & answer quickly.
Personal time management is vital – wasting a lot of time on time consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only One Correct Answer
Be precise although you may must sacrifice quite some time to really get your calculation right.
Do not rush it as you could end up using time and energy and also losing out on finding a relatively easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it really is to utilize the top study materials and also doing mock exams – get these two things right & your chances of passing the amount 1 exam will probably be greatly enhanced.
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