Our Verdict
When it comes to CFA mock and practice exams, Analyst Prep stands out as the premier provider. Their comprehensive, customizable quizzes, combined with printable mock exams that simulate real exam conditions, make them our top recommendation for CFA® Level candidates. With Analyst Prep, students are not just practicing, but perfecting their exam-taking strategy.
Looking for the best CFA® mock exam options?
You’ll need them!
The CFA® exam is extremely difficult— over the past 2 years, less than half of all takers have passed each level of this 3-part exam, according to data gathered by the CFA® Institute.
This doesn’t mean that passing is impossible; all it means is that you should take your CFA® exam preparation seriously.
A good CFA® mock exam will help you become familiar with the structure and content of the CFA® exam, allow you to figure out what you still need to study, and give you an idea of how much time you will have for each question.
The more CFA® practice exams you take, the more comfortable and prepared you will feel on your official test day.
But not all CFA® mock exams are alike. In fact, there are many mock tests on the market that are more trash than treasure.
So check out our top recommendations for the best CFA® mock exam providers below!
Top 3 Best CFA® Practice Exams
| RANKINGS | #1 | #2 | #3 | #4 |
|---|---|---|---|---|
| CFA Prep Companies |  |  |  |  |
| CFA® Levels | 1-3 | 1-3 | 1-3 | 1-3 |
| PRICE | $699 | $699 - $1,499 | $129 | $1,395 |
| DISCOUNT | Save 30% | Save 15% | No Discounts | No Discount |
| PRACTICE QUESTIONS | 3,000 | 2,000+ | 2,000+ | 2,000+ |
| CUSTOM EXAMS | No, but custom quizzes | Yes | Yes | Yes |
| FULL MOCK EXAMS | 4 | 6 | 3 Per Level | 6 |
| PROS | Pass Guarantee. | Schweser Notes™ | 2 Phase Study Plan | Mobile Access |
| GET STARTED | Get Started | Get Started | Get Started | Get Started |
1. Analyst Prep CFA® Sample Exam Test Bank
Analyst Prep’s exams can be customized and even printed out before you take them. This offers a unique advantage that isn’t replicated in other online courses.
Analyst Prep CFA® Practice Exam Details
Analyst Prep’s tests focus on creating custom content to suit your individual academic needs. You can easily make quizzes based on certain content areas and set whatever time limit you like. This gives you much more control when studying compared to other courses. On top of that, each full-length practice exam can be printed out and completed offline. This is a great way to limit distractions while you’re studying for your CFA® exam, which Analyst Prep’s CFA® test prep can also help with.
Analyst Prep Features
- 3,000 Practice Problems
- 4 Mock Exams
- Printable Tests
- Custom Quizzes
- Performance Tracking
Analyst Prep CFA® Pros and Cons
- Printable Mock Exams: All practice exams can be printed out and completed offline. This allows you to reduce distractions while working through each question, which can help you adjust to actual exam-day conditions.
- Custom Quizzes: Students can create quizzes with custom content and time limits. This allows you to hone in on specific subjects and eliminate any knowledge gaps before sitting for the full exam.
- Adaptive Feedback: After each practice test, Analyst Prep provides detailed feedback on performance, highlighting areas of strength and those needing improvement. This adaptive feedback mechanism ensures that students can focus their study efforts more efficiently.
- Up-to-Date Content: Analyst Prep regularly updates its practice exams to align with the latest CFA® Program curriculum and exam patterns. This ensures that students are always practicing with the most relevant and current materials, preparing them for any surprises on the actual exam day.
Bottom Line: When it comes to CFA® Level III mock exams and quizzes, Analyst Prep stands unrivaled as our top recommendation. Their printable mock exams and customizable quizzes, combined with adaptive feedback and up-to-the-minute content updates, provide candidates with a uniquely tailored and effective preparation experience. For those aiming to excel in CFA® Level III assessments, Analyst Prep is the premier choice.
20% Off Analyst Prep CFA & FRM Courses
Enjoy 30% Off Analyst Prep CFA & FRM Courses
2. Kaplan CFA® Practice Exams
Kaplan ensures efficient learning through its structured study program. This approach offers learners a more methodical journey than just tackling mock exam questions.
Kaplan Mock Exam Details
Kaplan divides its platform into 2 primary content sections. The initial “Learn” phase is comprised of brief weekly video sessions and study manuals, designed to equip you with the essential content for the exam. Following this, you transition into the “Focus” phase. This segment emphasizes practice exams and revision materials to ensure a thorough understanding and mastery of each topic. Through this phase, students can amass valuable exam-taking experience.
Kaplan Features
- 2000+ Practice Questions
- Video Answer Explanations
- 6 Mock Exams
- Kaplan Stage 2 Learning
- Targeted Lessons
Kaplan Pros and Cons
- Kaplan’s Adaptive Learning Technology: Kaplan integrates an advanced Adaptive Learning Technology into its platform, enabling students to receive personalized study recommendations based on their performance. This ensures that learners spend time on areas they truly need to improve, making study sessions more efficient and targeted.
- QBank Customization Feature: Kaplan’s QBank offers a high degree of customization, allowing students to curate practice questions based on specific topics, difficulty levels, or areas they feel less confident in. This tailored approach means students can focus on reinforcing weak points and solidifying their knowledge base.
- Performance Tracker: Kaplan’s Performance Tracker offers students real-time insights into their study progress, strengths, and areas for improvement. With visual data analytics, learners can easily identify topics they’ve mastered and those that require further attention, enabling a well-rounded preparation for the CFA® exams.
- Pricing Model: Kaplan’s comprehensive features and advanced tools often come at a premium. Some students might find their CFA® offerings to be on the pricier side, especially when compared to other providers in the market. This could make Kaplan less accessible for candidates on a tighter budget, requiring them to weigh the benefits against the financial investment.
Bottom Line: Kaplan’s CFA® offerings stand out with their advanced Adaptive Learning Technology, highly customizable QBank, and real-time Performance Tracker, providing students with a tailored and efficient study experience. While the comprehensive features come at a premium price, many find the investment justified by the quality and depth of the resources, positioning Kaplan as a top choice for those serious about CFA® exam success.
Enjoy 15% Off Kaplan CFA Review Course
Get 15% Off Kaplan CFA Review Course
3. Salt Solutions CFA® Practice Exams
Salt Solutions makes learning easy through its multistage study program. This offers a more guided process that goes beyond simply answering practice questions on a mock exam.
Salt Solutions Mock Exam Details
Salt Solutions splits its platform into 2 major content areas. The initial Learn phase consists of short weekly video lessons and study manuals that teach you the content you need to know for the exam. After that, you’ll shift into the Focus phase. This relies heavily on practice exams and review materials to ensure that you’ve mastered each concept. Students can easily build up test-taking experience through this stage.
Salt Solutions Features
- 2000+ Practice Questions
- 9 Mock Exams
- 2 Stage Learning
- Video Answer Explanations
- Targeted Lessons
Salt Solutions Pros and Cons
- CheckPoints Dashboard Feature: Salt Solutions provides a CheckPoints Dashboard that allows students to easily view their weekly objectives, track their advancement across various topics and content types, and review a detailed history of individual tasks.
- Exam Mirror: Mock Exams are meticulously designed to mirror the Prometric interface used by the CFA Institute for their official online exams. This ensures that students using Salt Solutions experience a seamless transition and heightened confidence when taking the actual test.
- Video Answer Explanations: The toughest practice questions come with a detailed video explanation of what the solution is and how it should be found. This is a step above-written answer explanations included with other online prep courses.
- User Interface Learning Curve: Some users have mentioned that Salt Solutions’ platform, while robust and feature-rich, has a steeper learning curve when it comes to its user interface. Navigating through the various tools and resources might require a bit of time and adjustment for those not familiar with complex digital learning environments, potentially causing initial delays in diving into the study material.
- Price: Salt Solutions’ platform is much more expensive compared to other options. You must either pay a one-time charge of $599 or $129 each month— either option has its benefits, but there are cheaper packages offered by both Wiley and Analyst Prep. The only exception is for Level I study materials. Salt Solutions offers those for FREE!
Bottom Line: Salt Solutions excels with its CheckPoints Dashboard for tracking progress and its in-depth video explanations for tough questions. Their mock exams replicate the CFA Institute’s Prometric interface, boosting student confidence. However, despite offering free Level I materials, their pricing is steeper than competitors like Analyst Prep.
4. Wiley CFA® Mock Exams Review
While we endorsed Wiley’s practice and mock exams for the CFA® 2023, due to their recent acquisition by UWorld, we’re unable to extend that recommendation for 2024 and beyond. The future direction and offerings of their CFA® prep material remain uncertain. Prospective students should exercise caution and stay informed about any changes to the curriculum or platform.
Wiley’s expert instructors and well-made platform ensure that you’re always working on your weaknesses. Their CFA® mock questions are uniquely tailored for this purpose and have helped thousands of students accomplish their career goals.
Wiley CFA® Course Details
Wiley’s practice exams come with a great deal of additional help. Whenever you struggle with a problem, you can easily contact an instructor for help working through it. Plus, you can create custom exams focusing on the content areas you need to work on. This ensures that you’re constantly shoring up your weak areas and reinforcing what you’ve learned while studying for the CFA® exam using the Wiley CFA® prep course. Best of all, you can take as long as you like with unlimited access— so you’ll never be cut off from the study materials you need.
Wiley Features
- Expert Mentoring
- 6 Mock Exams
- 2,000+ Practice Problems
- Mobile Access
- Personalized Platform
Wiley Pros and Cons
- Real Exam Experience: Mock exams and practice tests replicate the actual exam’s format and time constraints, providing students with a realistic test-taking experience.
- Identify Weak Areas: Through consistent testing, students can pinpoint topics or areas where they need further study, allowing for targeted revision.
- Not Always Representative: Sometimes, mock exams and practice tests might not fully capture the depth or breadth of the actual exam, leading to potential gaps in preparation.
- Over-reliance: There’s a risk that students might overly rely on mock exams and neglect other essential study methods, such as in-depth reading or interactive learning.
- Potential for Burnout: Continuously taking mock exams and practice tests without breaks or varied study methods can lead to fatigue and burnout, diminishing the effectiveness of the study sessions.
Bottom Line: Wiley’s CFA mock exams and practice tests offer valuable exam simulations and feedback. However, concerns about question quality, potential burnout, and the uncertainty following their acquisition by UWorld make it essential for candidates to approach with caution and consider alternative resources.
The Most Important Reasons to Study With CFA® Mock Exams
Not sure if you need to use mock exams to study for the CFA® exam? Consider these reasons why they may be the most essential step towards passing!
1. Learning the Test Format
Your first few practice exams will likely take a lot longer to complete compared to the others. This is because you’ll gradually become familiar with the test format and will need to spend less time on each question.
2. Reinforcing Your Current Knowledge
Mock exams are a great way of remembering everything you’ve learned while studying. Applying the knowledge when problem-solving ensures that everything sticks in your head. That way, you won’t find yourself forgetting important details on your actual CFA® exam date.
3. Discover Important Study Areas
Practice tests are an excellent way to find out which content areas you excel in and where you need to study harder. Your test results will show you exactly where you need to shift your study focus. Plus, you can also see what areas you’ve already mastered and shift your focus away from them.
4. Building Test Taking Skills
Most practice exams will mimic the format of the CFA® as closely as possible. That makes them a good tool for learning the best ways to approach each question type. Gaining experience with a CFA® sample exam now will save you time and help you get a higher score when working through the real thing on your test date.
5. Building Your Confidence
It can be daunting to sit down for your first attempt at the CFA® exam. Practice exams that mimic the conditions of the actual exams will help you get used to that experience and build up confidence while you study. Thanks to that, you shouldn’t have any problems with nerves when the time comes to earn your certification.
CFA® Level 2 Mock Exams: Your Key to Passing the Exam
The CFA® (Chartered Financial Analyst) program is one of the most prestigious and respected credentials in the finance industry. To earn the CFA® designation, you must pass three levels of exams, with Level 2 being particularly challenging. Many candidates find Level 2 to be the most difficult of the three due to its emphasis on applying concepts rather than just memorizing them. However, with proper preparation and the use of mock exams, you can increase your chances of passing the exam on your first attempt.
What are CFA® Level 2 Mock Exams?
Mock exams are practice exams that simulate the actual CFA® Level 2 exam. They are designed to help you gauge your readiness for the real exam and identify areas where you need to improve. Mock exams are typically made up of multiple-choice questions and are timed to match the actual exam duration. You can take mock exams as many times as you want to build your confidence and proficiency.
Best CFA® Level 2 Mock Exams of 2023
1. Analyst Prep Level 2 Practice Exams
3. Wiley CFA® Level 2 Mock Exams
Benefits of Using CFA® Level 2 Mock Exams
There are several benefits to using mock exams as part of your CFA® Level 2 exam preparation:
- Identifying Knowledge Gaps: Mock exams can help you identify areas where you need to improve your knowledge. If you consistently get questions wrong on a particular topic, it may indicate that you need to spend more time studying that area.
- Time Management: The CFA® Level 2 exam is known for its time pressure, and mock exams can help you develop better time management skills. By practicing with timed exams, you can learn to pace yourself and avoid running out of time on the actual exam.
- Exam Day Simulation: Mock exams provide a realistic simulation of the actual exam experience. By taking mock exams under test-like conditions, you can reduce exam-day anxiety and improve your chances of success.
- Confidence Building: The more mock exams you take, the more comfortable you will become with the exam format and the types of questions you are likely to encounter. This can help build your confidence and reduce test-day nerves.
Tips for Using CFA® Level 2 Mock Exams
Here are some tips to help you get the most out of CFA® Level 2 mock exams:
- Practice under timed conditions: To simulate the actual exam experience, make sure you take mock exams under timed conditions. This will help you get used to the time pressure and avoid running out of time on the actual exam.
- Analyze your results: After each mock exam, take the time to analyze your results. Identify areas where you did well and areas where you need to improve. This will help you focus your studying and improve your chances of success.
- Take multiple mock exams: The more mock exams you take, the more comfortable you will become with the exam format and the types of questions you are likely to encounter. Aim to take at least two or three mock exams before the actual exam.
- Use mock exams as a tool, not a crutch: While mock exams are a valuable tool for exam preparation, they should not be relied on exclusively. Make sure you also spend time studying the material thoroughly and practicing problems on your own.
In conclusion, CFA® Level 2 mock exams are an essential tool for anyone preparing to take the CFA® Level 2 exam. They provide a realistic simulation of the actual exam experience and can help you identify knowledge gaps, improve your time management skills, and build your confidence. By following the tips above and using mock exams as part of a comprehensive study plan, you can increase your chances of passing the CFA® Level 2 exam on your first attempt.
CFA® Level 3 Mock Exams: How They Can Help You Pass
Passing the CFA® (Chartered Financial Analyst) Level 3 exam is the final step in earning the coveted CFA® designation. This level requires a deep understanding of portfolio management and advanced investment strategies, making it a challenging exam. One effective tool for preparing for the CFA® Level 3 exam is the use of mock exams. In this article, we’ll discuss how CFA® Level 3 mock exams can help you pass the exam and provide tips for making the most of them.
What are CFA® Level 3 Mock Exams?
CFA® Level 3 mock exams are practice exams that simulate the format and content of the actual exam. They typically consist of essay questions and item sets, with a focus on portfolio management and advanced investment strategies. Mock exams are designed to test your knowledge and application of key concepts, as well as your ability to effectively communicate your ideas in writing.
Best CFA® Level 3 Mock Exams of 2023
1. Analyst Prep Level 3 Practice Exams
2. Kaplan Schweser Level 3 Mock Exam
3. Wiley CFA® Level 3 Mock Exams
Benefits of Using CFA® Level 3 Mock Exams
Here are some additional benefits of using mock exams for CFA® Level 3 exam preparation:
- Improving Your Writing Skills: One of the unique features of the CFA® Level 3 exam is that it includes essay questions. Mock exams provide an opportunity to practice your writing skills and ensure that you are able to clearly and concisely communicate your ideas.
- Building Your Confidence: Taking mock exams can help build your confidence and reduce test-day nerves. By simulating the actual exam experience, you can become more comfortable with the format and reduce anxiety.
- Identifying Weaknesses: Mock exams can help you identify areas where you need to improve your understanding or application of key concepts. This can help you focus your studying and improve your chances of passing the actual exam.
- Testing Your Time Management: Like the other levels, CFA® Level 3 exam is also known for its time pressure, and mock exams can help you develop better time management skills. By practicing with timed exams, you can learn to pace yourself and avoid running out of time on the actual exam.
Tips for Using CFA® Level 3 Mock Exams
- Practice Writing: Essay questions require effective writing skills, so be sure to practice writing answers to essay questions. Review the grading rubric for the essay questions to understand what the examiners are looking for in a good answer.
- Analyze Your Results: After taking mock exams, analyze your results to identify areas where you need to improve. Focus your studying on these areas to ensure you are fully prepared for the actual exam.
- Take Multiple Mock Exams: Take multiple mock exams to build your comfort level with the format and questions you may encounter on the actual exam.
- Take Time to Review: After taking a mock exam, take the time to review the questions and answers. This will help you identify any misunderstandings or errors and improve your understanding of key concepts.
FAQs
CFA® mock exams are difficult. This is because they’re supposed to be like the actual CFA® exam, which is tough. Thankfully, they will prepare you for the actual CFA® exam.
Yes. The CFA Institute offers mock CFA exams as a supplemental package. They can also be found in any of the recommended CFA® exam prep programs.
This answer depends on which CFA® exam prep program you invest in. Some have two mock exams, some have five, and some are unlimited!
