How many CFA mock exams should I take?

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.

How many CFA mock exams should I do?

That said, you should plan to take at least four practice exams. But more is not always better. 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.

Are CFA mock exams harder than actual exams?

Are Mock Exams Easier than the CFA Exam? CFA mock exams can be slightly more challenging than the actual exam simply because candidates are still preparing for the exam and haven't finished studying. The best mock exams are designed to simulate the actual testing interface and format.

What is a good score on CFA mock exams?

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

With the latest Nov 2023 results, the Level 2 MPS is trending down towards long term average. Therefore, our previous advice still holds, i.e. a CFA Level 2 mock exam target score of 70% and above is a good score to aim for.

Are CFA mock exams similar to the actual exam?

Mock Exams

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.

Who Has THE BEST CFA Mock Exams and HOW MANY Should You Do?

How many CFA Level 1 mocks should I take?

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.

How many mock exams for CFA Level 1?

– CFA Level 1 candidates should attempt at least 5 sets of practice exams; – CFA Level 2 candidates should attempt at least 5 sets of practice exams; – CFA Level 3 candidates should attempt at least 7 sets of practice exams.

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%

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.

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.

Can you pass CFA 1 by guessing?

If you need to correctly answer 135 questions to pass the exam, you don't have to know the answer to 135 questions. That should give you confidence. It's OK to guess on some questions. A passing score is within your grasp!

Which level of CFA is hardest?

Many CFA charterholders consider the Level 3 CFA Exam the most difficult because of the time and thought needed to answer the constructed responses successfully. While the typical Level 3 CFA Exam pass rates are the highest of the CFA Exams, only around 56% of CFA candidates pass the exam.

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.

Is CFA practice pack worth it?

With the Practice Pack, you get five additional 'exam-quality' mock exams, and one exam-simulation mock exam delivered via the Prometric interface, just like exam day. One of the most consistent advice we've always given candidates is to always make sure you attempt your free CFA Institute mock.

Is Princeton Review good for CFA Level 1?

The Princeton Review offers incredibly well-designed CFA courses to help financial professionals prepare for this difficult series of exams. Like Kaplan, The Princeton Review is a well-known name when it comes to test prep.

Are CFA practice questions enough?

The key is really to learn the material and learn it well. ^ That said, if you solve the problems in the CFAI books as if you were taking the test, and you can answer most (70% minimum) of each section, you're sufficiently prepared for the exam.

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.

Is the CFA the hardest exam in the world?

The CFA (Chartered Financial Analyst) exam is recognized as one of the most rigorous exams globally. Annually, more than 100,000 candidates undertake this comprehensive assessment. Divided into two levels, the exam aims to evaluate financial professionals' proficiency in relevant practices and tools.

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.

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).

Am I smart enough to be a CFA?

Truth is, it doesn't matter how much finance background you have or even how smart you are. The questions in a CFA exam are so detailed that you will never be able to answer them correctly without studying enough.

Which mocks are best for CFA Level 1?

Kaplan Schweser is the only exam prep provider offering full-length In-Person Mock Exams for CFA Level I candidates. Schedule your live mock exam at one of hundreds of Prometric test centers around the globe—the same test centers that host the actual CFA exams.

What is the hardest section of the CFA Level 1 exam?

Financial Reporting and Analysis: This topic has consistently been one of the most challenging for candidates, with a historical pass rate of around 45-55%. FRA covers a wide range of financial accounting and financial statement analysis concepts, including revenue recognition, inventory analysis, and financial ratios.

Does CFA reuse questions?

Many questions/topics repeat themselves. Also, when you go over old exams and see a really “out there” question (there's at least one in every exam, in my experience), it will prepare you a bit for a surprise question on the real exam.