CFA Program Study Tools

Our practice questions and tests (mock exams) are available to candidates registered for an exam. The 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. Learn more about our study platform.

  • Practice: Practice questions based on lessons in the curriculum to help you assess your topic-level strengths and weaknesses.
  • Tests: Tests are designed to mimic, as closely as possible, the exam day experience. It is timed and structured with approximately the same topic area weights and level of difficulty as the actual exam. There are three tests for each level.

Practice Questions (formerly called Topic Tests or Topic Exams)

Availability December 2017 candidates: Available now (candidate login required).
June 2018 candidates: Available now (candidate login required)
Fee
Free, when you register for an exam.
When to take it As you complete each topic area. These short practice tests and end of chapter reading questions are based on curriculum topics. They help you test your knowledge of the material as you progress through the curriculum.
Timing No time limit.
Feedback Correct answers, brief explanations, and curriculum references are displayed for you at the end of each topic test.

Tests (formerly called Mock Exams)

Availability December 2017 candidates: Available now (candidate login required)
June 2018 candidates: Available now (candidate login required)
Fee
Free, when you register for an exam.
When to take it Toward the end of your exam preparation; it tests your exam day readiness.
Timing Level I / Level II: Six hours (mimics the three hour morning and afternoon sessions on exam day).
Level III: Three hours (based on a three hour afternoon session). The Level III morning session is composed of essay questions, which are not included in the Level III mock exam.
Feedback Correct answers, brief explanations, and curriculum references are displayed for you at the end of the mock exam.