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

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

Therefore, it is critical that you apply the tried & tested study methods & utilize best study notes to pass 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 probably the simplest ways of making certain you understand the fabric along with along with giving you the confidence that you will need to pass the exam.

2. Be aware of test Format

Having the exact format with the exam will make sure that we now have keep surprises away & that there are absolutely no way of panic setting in which may happen if you are surprised with something unexpected.

So just to recap, the format with the CFA level 3 is really 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 moments ought to be allocated for each question

3. Revise the information 3 to 4 weeks Ahead of the Exam

You can not revise enough – in reality the harder you revise & the harder practice questions & exams one does the harder confident you may become for tackling the exam let alone being much more comfortable & proficient together with the principles.

So allow yourself at least 3 weeks before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you are familiar with each of the material & principles.

4. Read & Understand Each Question Carefully

As a result of time limitations & pressure to succeed of sitting the exam, a typical mistake is always to misunderstand a question & therefore select the wrong answer.

It is going to pay out to spend quite some time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too time intensive it is possible to plan to leave it & go onto another you could tackle & answer quickly.

Time management planning is critical – wasting too much effort punctually consuming questions could mean missing easier questions & wasting easy marks

5. There is certainly Just one Correct Answer

Be precise in case you ought to sacrifice quite some time to really get your calculation right.

Usually do not rush it as being you might find yourself using time as well as passing up on obtaining a relatively easy question right.

Silly mistakes will surely cost valuable marks.

Finally, it cannot be overemphasised how important it is to use the top study materials as well as doing mock exams – get the two things right & the chances of you passing the amount 1 exam will be greatly enhanced.
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