Passing Level I of the CFA exam is not a case of merely putting in the hours. It’s not enough to accumulate knowledge, it’s actual practice that really makes a difference.
AnalystPrep’s Level I mock exams for the CFA Program are based on past CFA Institute exams and are designed to conform to current testing formula and level of difficulty. Candidates who practice using mock exams have been found to perform better on the final exam compared to those who only revise. We recommend using practice exams to help you practice under simulated actual exam conditions.
What Do You Get?
Our preparation packages include 12 half mock exams in PDFs for you to download and print. Each practice exam contains 120 questions, which equates to one session of the actual exam. AnalystPrep takes the pressure off your study by offering you value-for-money packages – each of which includes our Qbank, unlimited quizzes, and mock tests. That way, you get to keep your premium status for as long as you need to pass your Level I of the CFA exam. Moreover, new mock exams will be generated by the dedicated professionals at AnalystPrep every year so premium members can practice using unique mock exams!
Do I Really Need Mock Exams to Pass the CFA Exams?
Level I of the CFA exam is different and rigorous than most examinations you have ever taken in your life. It’s better to have the shock in the mock than in the final exam.
From experience, exam pressure can be a catalyst to nerves, frustration and sloppy mistakes that culminate in poor performance even among best-prepared candidates. To perform well on the big day, you need to develop the ability to subdue the pressure, and that calls for practice under exam conditions.
AnalystPrep’s level I mock exams replicate the format and difficulty level of the live exam. They act as a call to action and inform whether you need to do more work, change revision strategies, or develop skills needed to perform under pressure. There can hardly be a better way to boost your confidence.
Tips to Help You Increase Your Score
- Before you start, use AnalystPrep’s formula sheet to remind yourself of the most common formulas you will encounter in the exam.
- Start early to give yourself ample time for revision and try to have one or two half mock exams done by the end of the day.
- Each mock session (120 questions) takes 3 hours to complete. Aim to spend no more than 1.5 minutes per question on average.
- Each question is worth the same number of points, so try to do the easier questions at first and go back to harder questions if you have time at the end.
- Attempt all questions before taking a look at the answers provided.
Identify Topics that Need Greater Attention
Every question in the mock exam comes with a detailed answer provided on a separate document. To gain the full benefit of your mock exam, you are encouraged to spend time analyzing your mistakes with the help of the answers provided. Paying careful attention to where you went wrong helps you avoid making the same mistakes, know where your weaknesses are, and increase your understanding of the topic.
Once you have identified topics that need more attention, go back into AnalystPrep’s Study Notes or Question Bank and work on your weakest area. Some candidate will have trouble with Financial Reporting and Analysis, whereas other will fail Ethics; each candidate has a different background, so there is no “one-size-fits-all” easy solution.
Start practicing with AnalystPrep’s Level I mock exams for the CFA® Program early to give yourself enough time to work on your weaknesses and improve your performance.