Did you know that 75% of CFA® Exam candidates use mock exams as their primary way to prepare for the CFA exam?
Here’s why:
A good CFA® mock exam will help to familiarize students with the structure and content of the exam. In addition, they can assist students in figuring out what part of the test they still need to study for as well as provide a time estimate for each question.
In general, the more CFA® practice exams a student takes that emulate the actual exam-taking experience, the more comfortable and prepared they will feel on your official test day.
Top 3 Best Chartered Financial Analyst (CFA®) Practice Exams
- UWorld CFA Review
- Analyst Prep CFA® Review
- Kaplan Schweser CFA Prep
- Salt Solutions CFA Courses
| RANKINGS | #1 | #2 | #3 | #4 |
|---|---|---|---|---|
| CFA® Practice Exams |  |  |  |  |
| OVERALL RATING | ||||
| PRICE | $299 per level | $349 per level | $199 per level | $169 per level |
| DISCOUNT | Save 15% | Save 30% | Save 15% | No Discount |
| PRACTICE EXAMS | ~6,200 | ~6,000 | ~4,500 | 3,000 |
| CUSTOM EXAMS | Yes | Yes | Yes | Yes |
| PROS | Best Questions | Pass Guarantee. | Most Reliable | Best Deal |
| GET STARTED | START NOW | START NOW | START NOW | Start Now! |
CFA® Mock Exam Providers
These companies offer CFA® practice exams along with helpful additional features, such as software for scoring and analyzing answers as well as accurate simulators of the exam’s interface and time limits. Some of these companies sell their mock exams separately while others include them in their standard course packages.
Below is a list of the pros and cons of the top rated CFA® Practice Exam providers:
1. UWorld CFA® Question Bank
OVERALL RATING:
Number of Practice Questions: 6,200+
Format: Fully integrated online platform (desktop + mobile app)
Custom Practice Exams? Yes — build quizzes by topic, difficulty, and learning objective
Design & Content:
UWorld’s CFA question bank is one of the most extensive and challenging offerings in the space, with over 6,200 practice questions that align closely with the CFA Institute’s Learning Outcome Statements (LOS). These questions are woven directly into the UWorld study platform, meaning they’re not just a standalone PDF; they’re an active part of your prep experience, tied to analytics, performance tracking, and SmartPath progress recommendations.
One of the standout features of UWorld’s question bank is the depth and quality of explanations. Every question—right or wrong—comes with detailed breakdowns that walk you through not just the correct answer, but why the other options miss the mark. Many explanations include visual aids, formula cues, or conceptual callouts that made it easier for me to internalize the logic rather than memorize answers.
The interface itself is clean and easy to navigate, with questions organized by both topic and LOS. This makes it simple to drill specific areas (like FRA or Quantitative Methods) or set up broader, mixed-topic practice sessions. I also appreciated how UWorld’s analytics don’t just tell you what you missed. Instead, they show how your performance compares to others and where you’re improving over time.
Overall, UWorld’s CFA question bank strikes an excellent balance of quantity, realism, and pedagogical clarity. It’s especially well suited to students who want exam‑like practice that pushes them beyond surface‑level understanding and toward deeper conceptual mastery. If you’re serious about being ready for the real exam experience, this question bank is one of the strongest tools available.
2. Analyst Prep CFA® Test Bank
OVERALL RATING:
Number of Practice Questions: 6,000+
Format: Online dashboard (web-based) + downloadable PDFs
Custom Practice Exams? Yes — users can create personalized quizzes by topic, question type, or difficulty
Design & Content:
AnalystPrep’s CFA question bank includes over 6,000 practice questions, covering all three levels of the exam, with access that lasts until you pass. For the price, it’s one of the best value offerings on the market, especially considering that many competitors charge separately for each level. You’ll find detailed performance tracking tools inside the dashboard, and the ability to compare your stats to other candidates can be a helpful motivator.
In terms of structure, the questions are grouped by topic and LOS, so you can target your weakest areas without wasting time. The quiz builder is intuitive, allowing you to create practice sets based on specific readings or difficulty level. I liked that you could also shuffle questions for a more randomized experience or build sets that simulate the feel of a full-length exam.
While the explanations aren’t as deep as what you’d get from UWorld, they’re still effective. Most answers walk you through the logic clearly enough to help you improve on repeat mistakes, and there are occasional visuals or formula highlights to reinforce the core ideas.
That said, AnalystPrep’s question bank remains one of the most cost-effective and well-rounded tools for CFA prep. It’s a particularly strong choice if you want lots of practice and flexible study options without the hefty price tag of the bigger names. For students on a budget who still want high-quality content, AnalystPrep’s QBank punches above its weight.
20% Off Analyst Prep CFA & FRM Courses
3. Kaplan Schweser CFA Question Bank
OVERALL RATING:
Number of Practice Questions: 4,500+
Format: Integrated within the SchweserStudy® platform (desktop + mobile sync)
Custom Practice Exams? Yes; quizzes can be tailored by topic, difficulty, and study mode
Design & Content:
Kaplan Schweser’s CFA question bank is one of the most expansive out there, offering over 4,500 practice questions that align with the CFA Institute’s learning outcome statements. The questions are integrated throughout Schweser’s study environment — meaning they tie directly into study notes, video lessons, and topic reviews rather than standing alone in a downloadable PDF. You can build custom practice exams by selecting specific topics, LOS areas, or difficulty levels, giving you flexibility to reinforce weak spots or simulate full exam conditions.
The user experience is polished, with questions organized by section and clearly linked to related materials for easy review. While the questions aren’t pulled from real past CFA exams (no vendor can do that), they are crafted by Kaplan’s content team to reflect the style and cognitive level you’ll encounter on test day. One nice feature is how performance analytics break down your strengths and weaknesses both by topic and over time, which helps you adjust your study plan as you go.
Overall, Schweser’s question bank is a strong blend of quantity, structure, and adaptive practice — especially useful if you want question practice that integrates seamlessly with lessons and study notes rather than sitting separately in a PDF.
Enjoy 15% Off Kaplan CFA Review Course
4. Salt Solutions CFA Mock Exams
OVERALL RATING:
Salt Solutions CFA® offers a range of practice tests and mock exams, along with printable resources, so that candidates have multiple options to prepare for the CFA® exam the way they learn best.
Additionally, Salt Solutions covers the CFA® Level I, II and III exams.
Here is a breakdown of what to anticipate from Salt Solutions at each level of the preparation courses.
Level 1
Nearly 70 hours of video lectures are included, along with more than 3000 multiple-choice test questions. Get access to the Salt Solutions CheckPoints planner, review notes, and three sets of practice examinations.
Level 2
50 hours of video lectures in addition to more than 700 multiple-choice test questions. Plus you’ll get access to the Salt Solutions CheckPoints planner, review notes, and three sets of practice examinations.
Level 3
40 hours of video lectures in addition to more than 720 multiple-choice test questions. Get access to the Salt Solutions CheckPoints planner, review notes, and three sets of practice examinations. Access a created response self-grading rubric in addition.
The Salt Solutions CFA® study materials have three high-quality practice tests for each level. To ensure they are fully prepared for the actual exam when they finally take it, all applicants will have numerous opportunity to test their abilities and knowledge.
The platform’s additional elements work together with a bespoke quiz generator and a large number of practice questions to produce a CFA® learning experience that makes it easier to comprehend the subject completely.
The Salt Solutions CFA® video lectures include the following:
- Coverage of all key readings from the CFA® curriculum
- Durations of approximately 10 minutes.
- Animation effects help visually enshrine the concepts being addressed.
- Annotations to aid in learning and memorizing the CFA® curriculum
Top 5 Benefits To Taking A CFA® Mock Exam
1. Familiarity With the Exam
Mock exams are often based heavily on actual exams from previous years, sometimes even incorporating a significant amount of old test material. This is how they do such a great job of providing students with a feel for the structure and content of the CFA® Exam.
This is the best part:
Becoming more familiar with the content and structure of the exam directly correlates with an increased chance of passing on the first try. Students who feel more acclimated to the CFA® exam will be able to answer questions more quickly and accurately.
2. Knowledge of Study Needs
On the real exam, certain topics will have a greater emphasis than others, with more questions in the exam focused on them. By taking mock exams, students will gain greater insight into which topics are covered more extensively and concentrate their studying more on those areas.
3. Identification of Weaknesses
Practice exams can help to identify the strengths and weaknesses for the test taker. If a student frequently gets questions wrong on their practice exam that focuses on the same subject or comes in the same format, they can weed out this weakness by focusing their study sessions around these problem areas.
4. Effective Scheduling of Study Sessions
Here’s an interesting fact:
Research has shown that separating information into separate ‘chunks’ while studying makes it easier to retain that information. Mock exams can be a great way to evenly space out study time by taking one at the end of each session.
Using this method, students can study, take a practice test, see their progress, and go back to studying. It’s a bit like ‘super-setting’ a workout at the gym and it can produce similar results.
5. Stress Reduction
Want to know the number one reason people fail the CFA® exam?
It isn’t misunderstanding the course material. It isn’t failing to get enough sleep the night before either.
It’s stress! Stress can turn the most prepared student into a quivering wreck on the big day. Fortunately, taking mock exams can help to relieve any pre-test anxiety; a student who studied with practice exams will already be very familiar with the structure and content of the CFA® exam and they will know how much time to spend on each section. Removing the unknown factors results in diminished anxiety.
How Many Mock CFA® Exams Should I Take?
In general, it’s better to take more mock exams than less. However, a good recommendation is for students to try their hand at around 5 or 6 exams at the very least. That may seem like a lot, but getting more practice means that students will be faster and better at answering CFA® questions correctly. Unfortunately, most comprehensive commercial review courses do not offer 5 or 6 practice exams in their bundled course.
This is the good news:
Mock exams can be bought either individually or in sets from many of the same test prep companies. These often come in separate packages that serve as supplementary study materials for their CFA prep programs.
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