Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam on the first attempt.

The research techniques & the study material you use will play a significant part inside your success or failure.

Therefore, it is critical the application of the tried & tested study methods & use the best study notes to pass this tough exam.

5 Key Tips That will assist 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 amongst the easiest ways of making sure that you understand the information well as well as giving you the boldness that you will need to pass the test.

2. Be aware of the Exam Format

Learning the exact format in the exam will ensure there are no surprises & that there is absolutely no way 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 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

Normally, 1.A few moments ought to be allocated per question

3. Revise the Material Three to four weeks Ahead of the Exam

You are unable to revise enough – actually the harder you revise & the harder practice questions & exams you need to do the harder confident you may become for tackling the test as well as being more comfortable & proficient together with the principles.

So have at the very least 21 days before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as possible to make sure you understand all of the material & principles.

4. Read & Understand Each Question Carefully

Due to the time restraints & the stress of sitting the test, a typical mistake would be to misunderstand a question & therefore opt for the wrong answer.

It will pay out to shell out a little time reading the question properly so we don’t misinterpret it & whether it seems too involved & too time-consuming you’ll be able to opt to get forced out & look at another that you could tackle & answer quickly.

Time management is vital – wasting a long time by the due date consuming questions could mean missing easier questions & wasting easy marks

5. There’s Only One Correct Answer

Be precise in case you ought to sacrifice a little time to get your calculation right.

Usually do not rush it as you can end up using time as well as missing out on getting a relatively simple question right.

Silly mistakes will cost valuable marks.

Finally, it wouldn’t be overemphasised how important it is to use the very best study materials as well as doing mock exams – get the two things right & the chances of you passing the particular level 1 exam is going to be greatly enhanced.
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