You’ve spent the past few months studying, taking practice exams and reading study guides. Your CFA exam is fast approaching, and now you’re looking for ways to further prepare yourself for the test. It can be difficult to know exactly what topics you should be covering in your last-minute prep. That’s where mock exams come in as a great resource for last-minute preparation. A mock exam lets you test your knowledge on a specific subject within the CFA program before you take the real test so that you can identify where you need additional study and focus your final preparation accordingly. Mock exams are also helpful if you’re taking multiple tests in one day because they allow you to get used to the time constraints of the real test and simulate testing conditions as closely as possible.
A mock exam is a practice test where you can test your knowledge on specific topics within the CFA program. While a mock exam does not actually certify you as CFA exam ready, it can be a helpful tool to gauge your knowledge level and identify areas where you need to focus your study. As an added bonus, most mock exam websites let you create a custom mock exam based on your exam date so that you can simulate a real-life test experience as closely as possible. Some mock exam providers also let you take mock exams for each topic once for free, and then you’ll need to pay for additional exams after that.
This guide includes mock exam topics for each section of the CFA exam, including Behavioral Finance, Capital Markets, Economics, Equity, Fixed Income, and Options. We also provide a basic outline with tips on how to approach each section of the CFA exam and a summary of key points that you should focus on. This guide is meant to be used as a reference or checklist for your last-minute study. With that in mind, we recommend that you start with the mock exam topics that you find most challenging and work your way towards the topics you feel more confident about.
For each topic, we’ve included a high-level overview and a few mock exam tips to get you started. Keep in mind that these are high-level summaries, so this is not a comprehensive list of everything you’ll see on the CFA exam. Additionally, some mock exams let you select topics, so this guide may not be 100% applicable to all mock exams. This guide covers topics in the following CFA exam sections: Behavioral Finance, Capital Markets, Economics, Equity, Fixed Income, and Options. . Key Points to Remember . Behavioral Finance . Capital Markets . Economics . Equity . Fixed Income . Options
For each mock exam topic, we also provide a percentage of how many questions fall under that topic on the actual CFA exam. This will give you an idea of which topics you should focus on based on how many questions each section has. Keep in mind that these percentages are only estimates and the number of questions in each section may vary. Additionally, you should be focusing your mock exam preparation on the topics that you’re most likely to see on the exam. For example, if you’re already confident in your economics and fixed income knowledge, you should spend more time studying topics that you’re less familiar with.
The CFA exam is a challenging exam, but with the right study materials, practice exams, and strategies, you can pass the exam. The key is to start studying early and to stay focused on your goal. We hope that this guide serves as a helpful checklist for your last-minute CFA exam prep, providing you with the mock exam topics and tips you need to prepare for the exam. With enough preparation and planning, you can pass the CFA exam and earn the designation.