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

Case study techniques & the research material you have may play a significant part with your success or failure.

Therefore, it’s crucial which you use the tried & tested study methods & make use of the best study notes to give this tough exam.

5 Key Tips That will help Pass Your CFA Level 1 Exam

1. Obtain 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 one of the simplest ways of making certain you already know the material along with along with providing you with the boldness that you will want to give the test.

2. Be informed about the test Format

Having the exact format with the exam will make sure that you have no surprises & that there’s no chance of panic establishing which may happen if you’re surprised with something unexpected.

So in order to recap, the format with 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 every question

3. Revise the pad 3 to 4 weeks Prior to Exam

You cannot revise enough – in fact the more you revise & the more practice questions & exams one does the more confident you will become for tackling the test let alone being more comfortable & proficient together with the principles.

So give yourself a minimum of 21 days before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully understand each of the material & principles.

4. Read & Understand Each Question Carefully

Due to the time constraints & the stress of sitting the test, a standard mistake is to misunderstand something & therefore pick the wrong answer.

It’s going to purchase from you to spend a little extra time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time-consuming you’ll be able to opt to let it sit & look at another that you could tackle & answer quickly.

Time management techniques is critical – wasting too much effort by the due date consuming questions can often mean missing easier questions & wasting easy marks

5. There is certainly Only 1 Correct Answer

Be precise even if you must sacrifice a little extra time to obtain your calculation right.

Do not rush it as you could find yourself using valuable time and also passing up on obtaining a relatively easy question right.

Silly mistakes will definitely cost valuable marks.

Finally, it cannot be overemphasised how important it is to make use of the most effective study materials and also doing mock exams – get the two things right & the likelihood of passing the particular level 1 exam will be greatly enhanced.
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