How to Prepare for the CFA Level 2 Exam with Mock Exams and Practice Questions
The CFA Level 2 exam is a challenging test that requires candidates to apply their knowledge of the curriculum to item-set questions. These questions consist of six multiple-choice questions based on a vignette that describes a scenario related to one or more topics in the curriculum. To answer these questions correctly, candidates need to demonstrate their ability to analyze, synthesize, and evaluate information from various sources.
One of the best ways to prepare for the CFA Level 2 exam is to use mock exams and practice questions that simulate the exam format and difficulty. Mock exams and practice questions can help candidates assess their strengths and weaknesses, identify gaps in their understanding, and improve their test-taking skills. In this article, we will discuss how to use mock exams and practice questions effectively for the CFA Level 2 exam preparation.
What are mock exams and practice questions
Mock exams and practice questions are study tools that are designed to replicate the timing and structure of the CFA Level 2 exam. They are based on the current curriculum and the topic area weights for the exam level. They are also in the same format as the questions on the actual exam, which means they are item-set questions that require candidates to read a vignette and answer six multiple-choice questions related to it.
Mock exams and practice questions are available through the Learning Ecosystem of the CFA Institute for registered candidates. Candidates can access them by logging into their account and selecting the appropriate exam level. The Learning Ecosystem also provides feedback on the answers, including detailed explanations for the correct answer and references to the relevant readings in the curriculum.
How to use mock exams and practice questions
Mock exams and practice questions can be used at different stages of the CFA Level 2 exam preparation. Here are some tips on how to use them effectively:
Use practice questions throughout your study process. After completing each study session in the curriculum, use the practice questions within each topic to test your understanding and retention of the material. Practice questions can help you evaluate your level of confidence and accuracy for each topic and identify areas that need more review or clarification. You can also use practice questions to reinforce your learning by reviewing them periodically.
Use mock exams closer to the exam date. Mock exams are meant to simulate the exam-day experience as closely as possible. They can help you familiarize yourself with the exam format, timing, and difficulty. They can also help you assess your overall readiness for the exam and identify any weak areas that need more attention. Mock exams should be taken under exam conditions, which means you should follow the same rules and guidelines as on the actual exam day. You should also review your performance on mock exams carefully and learn from your mistakes.
Use mock exams and practice questions as complements, not substitutes, for your study plan. Mock exams and practice questions are valuable study tools, but they are not enough to prepare you for the CFA Level 2 exam. You should not rely on them as your main source of learning or revision. You should still follow a comprehensive study plan that covers all the topics in the curriculum and uses various resources such as readings, videos, notes, flashcards, etc. Mock exams and practice questions should be used as supplements to your study plan, not replacements for it.
Where to find mock exams and practice questions
The CFA Institute provides mock exams and practice questions for registered candidates through its Learning Ecosystem. Candidates can access them by logging into their account and selecting the appropriate exam level. The Learning Ecosystem also provides feedback on the answers, including detailed explanations for the correct answer and references to the relevant readings in the curriculum.
Besides the CFA Institute, there are also other sources of mock exams and practice questions that candidates can use for their CFA Level 2 exam preparation. Some of these sources include:
CFA Program Sample Item-Set Questions. The CFA Institute provides sample item-set questions for each topic in the curriculum on its website[^2^]. These sample questions are similar to those on mock exams and practice questions, but they are not updated regularly. 061ffe29dd