CFA Mock exam is one of the best tools for learning and gauging how prepared you are for the actual CFA exam. Apparently, the CFA Institute makes CFA Mock exams available in the Learning Ecosystem about two months before test date. Also, there are many third-party providers including 300Hours and UWorld Finance provide CFA Mock exams.
CFA Mock exams are representative of the real exam, but how similar are they? And how accurate is CFA Mock Exam? Can you trust your results on the CFA Mock exam to be like your results on the actual CFA exam? Some factors will affect the answers to these questions.
How Accurate is CFA Mock Exam?
As we said before, many third-party providers including CFA Institute, 300Hours and UWorld Finance offer CFA Mock exams. At the CFA Institute, Mock exams are designed to replicate the timing and structure of the real exam. Also, at the CFA Institute, Mock exams are known as question banks. They are posted in the Learning Ecosystem approximately two months before the date of your actual exam. In terms of structure, each CFA mock exam consists of the same topic area weights and level of difficulty as the actual exam. The questions of the CFA mock exam 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 CFA exam.
How the CFA Mock Exam Compares to the Actual Exam?
For those who have a plan to face the CFA exam, you may wonder whether a CFA mock exam is effective or not. To give you a reference as to whether you should take the CFA mock exam or not, now we are going to show you the CFA mock exam compared to the actual exam. Well, let us dive into our post to discover the comparison.
The questions on the mock exams should cover similar material to what you are going to see on the actual CFA Exam. The questions from the CFA Institute mock exams, question banks, and practice questions are all based on the curriculum for the actual exam you are taking. On the CFA Institute mock exams, you are going to see similar questions on the same topics you will encounter on the actual exam. Also, the questions will have the same level of difficulty as the actual exam. So, we are able to conclude that you can safely rely on the CFA Institute mock exams to reflect what you are going to see on the actual CFA exam in terms of content.
Knowing and understanding the exam structure will be able to make a big difference in how you perform on the actual exam. Luckily, the CFA Institute mock exams also follow the same structure as the real exam. Each mock exam provided by CFA Institute is structured and weighted like the actual exam. And, all of the questions of the CFA Institute mock exams are presented in the same format as you will encounter on the actual CFA exam. As far as structure goes, if you take the mock exams, there should be no surprises on the actual exam.
If you get a high score on your CFA mock exam, does that mean you will get a high score too on the test day? Honestly, it is hard to say that if you get a high score on your CFA mock exam, then you are also going to get a high score on your actual exam, because no one person will have the exact same experience. Some people leave their CFA exam feeling like it was easier and that they scored better than on the CFA mock exams, while other people have the opposite experience. Therefore, from our experience, most people who do well on their CFA mock exams, let us say scoring over 70%, tend to have similar or even better results on the actual CFA exam. So, if you are able to take the CFA mock exams well, then you are also going to get good results on the test day.
Why is Taking the CFA Mock Exam Important?
Taking the CFA mock exam has many benefits for candidates. First, you are going to become familiar with the exam format and the pressure of the exam. Secondly, you are going to understand the exam tool features that are crucial when taking computer-based exams. Also, reviewing your CFA mock exam will assist you identify areas of weakness so that you are able to take appropriate measures to improve. Aside from that, taking a CFA mock exam similar in length and difficulty to the actual exam will assist you manage your time efficiently on the test day.
How is a CFA Mock Exam Different from Practice Questions?
As we know that CFA exam practice questions are study tools to assist you review what you are learning. Practice questions will assess your understanding of the topics and how prepared you are to move to the next topic throughout your studies. For your information, CFA exam study packages at Analystprep site include an up-to-date exam question bank to assist you prepare for your actual exams.
On the other hand, CFA mock exams will assess how well you have mastered all the required content. It will be best to take CFA mock exams a few weeks before the actual exam because they mimic actual exam conditions. However, practice questions should not substitute CFA mock exams and vice versa. Each study tool is specially designed for its use and at the appropriate time during your studies. So, you should take both practice questions and CFA mock tests when preparing for your actual CFA exam.
To get CFA mock exams, simply you are able to visit the page of the CFA Institute mock exams and practice questions. As we explained before, CFA Institute designs CFA mock exams to replicate the timing and structure of the actual CFA exam.