Mock exams are beneficial for testing your readiness for the real thing. However, you first need to find a quality mock exam. So, what should you look for in a mock CFA level 1 exam? Here are some of the main details to focus on.
Content Coverage
A quality mock CFA level 1 exam should cover all ten topic areas. The exam should provide a balanced representation of the topics to give you realistic practice experience.
Question Format
Look for mock exams that include the same question formats found on the real exam.
For example, the CFA level I exam includes multiple-choice questions, which means that the mock exam should include the same format. The questions should also vary in difficulty and include occasional vignettes or case statements.
Explanation Quality
Many mock exams include explanations for correct and incorrect answers. You can use this feedback to better understand your mistakes or reinforce concepts.
Time Management
Try to mirror exam-like conditions by tracking your time. Some mock exams may also allow you to track your pace, helping you manage your time more effectively across all questions.
Performance Analysis
The mock CFA level 1 exam that you use should offer access to performance analysis. You should be able to review your performance to better understand your strengths and weaknesses.
The bottom line is that a well-chosen mock exam is an indispensable tool for studying. By focusing on content coverage, question format, explanation quality, time management, and performance analysis, you can improve your preparation and approach the real exam with confidence.
