Are CFA mock exams similar to the actual exam?

In terms of structure, each mock exam consists of the same topic area weights and level of difficulty as the actual exam. Questions are based on the current curriculum for the exam level you registered for, and they are in the same format as the questions on the actual exam.

Are CFA mocks harder than the actual exam?

Are CFA Practice Questions Harder than the Actual CFA Exam? CFA practice questions are designed to be similar to the actual exam questions at every level. If candidates are experiencing difficulty with practice questions this usually means that candidate is not fully prepared or their nerves got the best of them.

Are mocks harder than the real exam?

In fact, many people say they found mock exams harder. However, there are lots of other reasons this could be the case. People might think mocks are less important, so the mocks feel harder because students have not revised as much. Similarly, there are usually several months between mocks and real exams.

How much to score in CFA mock test?

CFA Level 2 mock exam target score: 70% and above

CFA Level 2's minimum passing score's have been quite stable since 2012, ranging from 63% to 71% from 2012-2023. The trend remained relatively stable until Feb 2022, where the estimated passing score breached 70% for the first time.

How many mocks are sufficient for CFA Level 1?

How Many Mock Exams Should Candidates Take Before the CFA Exam? For each level, CFA candidates should take a minimum of 5 mock CFA exams.

What SCORE Should You Get on Your CFA Mock Exams?

Is CFA Level 1 exam easier than mocks?

Most of the questions are easier than mock questions. Some of them will be on random ass definitions from footnotes that you didn't read. It's ok though- if you did a decent number of mocks you'll be good. Overall though you'll find the test easier than the CFAI mocks.

Is it common to fail CFA Level 1?

Very few candidates pass all three CFA exams on their first attempt. CFA Institute estimates it takes the average successful candidate four years to complete the CFA Program. So failing one level, if not two, makes you an average candidate.

Is UWorld harder than CFA Level 1?

Are Actual CFA Exams Easier than UWorld Mock Exams? UWorld CFA mock exams contain the same problem types as the real exams and are based on the CFAI's most recent learning outcome statements. Their difficulty is designed to be at or above the CFA exam's difficulty level to prepare candidates for success.

Do you need 70% to pass CFA?

CFA Level 1 passing scores 2012-2023 (estimated)

We estimated that CFA Level 1's MPS ranged from 56%-74% from 2012-2024, with an 12 year average of 65%. The latest estimated MPS for CFA Level 1 (i.e. Nov 2023 exams) is estimated to be around 68%. The latest estimated MPS for recent CFA Level 1 exams are: Nov 2023: 68%

How many CFA mock exams should I take?

If you take twenty tests, chances are you're using too much of your time taking tests instead of just reviewing (think diminishing returns). The most successful students tend to take between four and eight CFA mock exams. We recommend that you land somewhere in that range.

Are mock results accurate?

In general, mock exams can be a good indicator of real exam results, and are much more important now that coursework is no longer counted towards final grades. But it's important to note that there is a lot of learning and revising to do between their mocks and sitting real exams.

What happens if you cheat on mocks?

If you are found to have cheated in your mock exams, or have broken the exam regulations in any other way, it will be dealt with internally by the school. However, it is important for you to understand that during your real exams, the school MUST report any instances of wrongdoing to the awarding body.

Are mock tests worth it?

Taking mock exams before the actual exam can provide several benefits, such as: Familiarity with the exam pattern: Mock exams can help you become familiar with the pattern and structure of the actual exam, and can help you to perform better on test day.

Which level of CFA is hardest?

#1. CFA exams are not easy, and Level 1 is just the start. Commonly cited as one of the world's hardest exams, CFA Level 1's difficulty is comparable to a diploma level and gets harder from then on.

Are Kaplan mocks harder than the exam?

The mock exams are often harder than the real exams so they get you well prepared. You can also compare your scores with the rest of the class - which is good as you can see if all other students are struggling too.

Which CFA exam is the easiest?

Level 3 of the CFA exam is considered the easiest of the three levels. However, compared to other major financial exams like the CFP and CPA, it is still brutal. The pass rate is just 52%.

What is the 99th percentile for the CFA?

With 25000 candidates, the 99th percentile would be around 90-92 (after throwing out the unfair questions), so think 145/160 (assuming 20 mins get thrown out).

Can you pass CFA with 50%?

To pass CFA Level I, you probably need to target 70% in as many topics as possible... In other words, you don't have to get more than 70% in everything to pass. Some say you can get as low as 65%, or even 63%. You don't even need to get more than 51% in everything to pass.

Is passing CFA Level 2 a big deal?

After removing the effect of work experience, we found that on average: CFA candidates who passed Level 2 saw an increase of 34% in total compensation; CFA candidates who passed Level 3 or Charterholders earned 53% more than those who had yet to pass CFA Level 1 exams.

Why do so many people fail CFA Level 1?

Failed to Study Enough Hours

It is often hard to manage the work, social life, and study balance. And, of course, the discipline needed to maintain your studies is one of the key reasons the CFA charter is so highly valued by employers. Level I is a foundation level based on core finance principles and concepts.

Is CFA or MCAT harder?

Scoring high enough on the MCAT to gain admission to a U.S. medical school (MD program not DO) is more difficult than passing the CFA. For some candidates not schooled in finance, passing the CFA could be more difficult than a respectable MCAT score.

How many people pass CFA Level 1 first try?

Level 1 ranges from 22%-49%, with a 10-year average of 39%; Level 2 ranges from 29%-55%, with a 10-year average of 45%; Level 3 ranges from 39%-56%, with a 10-year average of 50%.

Can you pass CFA Level 1 by luck?

My scores were over 70% in all subjects except Alternative Investments and Financial Statement Analysis (those were in the 51-70% range). Luck definitely had some role to play in this, but I believe I also did a lot to tip the odds heavily in my favor.

What is the hardest topic in CFA 1?

Do you have to pay again if you fail CFA?

CFA Program Exam Re-sit Fees

You do not need to pay this fee again, just the exam registration fee. If you need to re-sit for any level of the exam, be sure to sign up for you next exam as soon as possible so you benefit from the lower early registration fee.