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One of the most recognizable brands in finance, Bloomberg CFA Exam Prep provides a fully online learning platform, and lots of mock exams.

About Bloomberg CFA Exam Prep

Bloomberg as a brand needs no introduction – the ubiquitous Bloomberg terminal has been commonplace since the eighties.

Bloomberg CFA Exam Prep entered the CFA provider market in 2015 with a Level 1 online-first approach for CFA virtual learning.

Powered by Mindojo, a startup that also counts the Economist’s GMAT and GRE Tutor among their products, Bloomberg was one of the first mainstream CFA providers to launch a fully online platform, with adaptive learning and high interactivity aspects.

Bloomberg’s packages also offer up to a massive 10 mock exams, comfortably more than what we recommend. Since then, Bloomberg has rapidly iterated its product, launching their Level 2 and Level 3 packages soon after.

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Bloomberg CFA Packages and Offers

Bloomberg CFA study packages

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Essential

  • All content and features
  • 20 ask-a-tutor questions
  • 6 mock exams
  • Pass guarantee

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Premium

  • All content and features
  • 80 ask-a-tutor questions
  • 8 mock exams
  • Pass guarantee

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Ultimate

  • All content and features
  • Unlimited ask-a-tutor questions
  • 10 mock exams
  • Pass guarantee
  • 5 private tutoring sessions

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Bloomberg CFA’s current offers and deals

Here are the available deals, offers and discount codes for Bloomberg CFA Exam Prep packages:

Bloomberg Exam Prep Logo Free Trial
14 Days Free Trial
Bloomberg Exam Prep
Save 100+ hours of prep time with our AI adaptive prep, with 13,000+ questions and personal support by expert CFA tutors. Sign up to get a 14 days FREE trial.

Bloomberg CFA also features several other discounts and offers:

  • 10-20% discount: Depending on the exam cycle, Bloomberg sometimes offers a 10-20% discount on their packages. To see if a discount is currently offered, head over to their website – if there is a discount, a notification bar at the top will appear showing the discount details.
  • 20% discount when you buy 2 levels together: If you commit to two CFA levels with Bloomberg CFA Prep, they offer a 20% discount.
  • 35% discount when you buy 3 levels together: If you commit to all three CFA levels with Bloomberg CFA Prep, they’ll offer a 35% discount.
  • Bloomberg terminal discount: As a terminal customer, you can get any of the discounts below:
    • 35% discount on a 2-level Premium or Ultimate bundle
    • 50% discount on Premium or Ultimate 3-level bundles
    • a free 1-tier upgrade (Essential → Premium or Premium → Ultimate) on any of their single-level plans.
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Bloomberg CFA Product Details

Study and Review Materials

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Study Guide: the entire CFA curriculum in an adaptive learning platform

  • Bloomberg uses an online teaching platform, which means you will need internet access when and where you plan to study. However, this means no heavy books to lug around, and the platform works on tablets and mobiles too, so convenience is a major advantage.
  • The entire curriculum is covered in ‘micro-lessons’, which combines taught concepts, worked examples, and mini-quizzes to move you through the curriculum. The experience is surprisingly effective for some – learn a concept, get tested with one or two questions, and on to the next bit.
  • The adaptive algorithm that focuses on learning a variety of topics at once may not be everyone’s cup of tea, as some candidates prefer the usual structure of learning a topic in full before moving onto the next. You can try this out for yourself – Bloomberg offers a two-week trial to get you started.

Cheat Sheets

  • These are printable quick reference cards with key concepts and summaries – useful for reviewing and topping up your knowledge in the last few days before the actual exam.

Lesson Summaries

  • These are several dozens of pages of printable PDFs covering the entire curriculum in a condensed form. Ideal for skimming or reviewing by candidates who like reviewing paper they hold in their hands.

Learn more about Bloomberg’s CFA study materials ↗︎

Online Tutoring

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Private tutoring

Ultimate package purchasers also get 5 private tutoring sessions via videoconferencing.

This can be useful when you’re stuck with particular bits of the curriculum, or would prefer a bit of consultation when working through a particularly gnarly topic.

Ask-a-tutor questions

If you need more help understanding a concept or question, there’s always an ask-a-tutor help button on the interface. Clicking it allows you to send a quick question to Bloomberg’s tutors who will then get back to you, usually within one business day.

Essential package gets 20 ask-a-tutor questions, Premium package gets 80, and Ultimate package purchasers get unlimited ask-a-tutor questions.

Learn more about Bloomberg’s CFA courses ↗︎

Practice Questions and Mock Exams

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Mock Exams: 10 Simulation Exams to sink your teeth into

  • Right from the start, Bloomberg distinguished themselves from others by offering a maximum of 10 full mock exams (Bloomberg calls them “simulation exams”). We recommend that candidates complete about 4-7 exams, so Bloomberg’s offering is definitely more than enough.
  • As with all Bloomberg material, the simulation exams are taken online. They can be paused, weighted to the official CFA Institute topic weightings and timed just like the actual exam.
  • Bloomberg’s simulation exams are also available as printable PDFs for those who want to take the exams offline. Your answers can then be fed into the Bloomberg web site to get the your scores and detailed explanations.

Practice questions: up to 10,000+ practice questions throughout the course

  • Bloomberg doesn’t offer a ‘question bank’ in the same sense as some of the other CFA providers do. Instead, questions are shown to candidates as they progress through the material, and of course through the simulation exams.
  • There is a lot of practice, too – the entire course, including simulation exams, is comprised of over 10,000+ CFA practice questions.

Learn more about Bloomberg’s CFA practice prep ↗︎

Online Platform and Apps

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Performance dashboard

  • Their performance dashboard helps administer and plan your own approach to learning the CFA curriculum.
  • It’s also the place to go for stats about your learning style, including areas covered, time taken, as well as success rates for each reading.
  • All stats are appropriately weighted to the appropriate CFA exam weightings.

Knowledge map

  • The Knowledge Map is an interactive graphical representation of your progress.
  • It’s a little bit like Tony Stark’s fancy hand-waving visualizations in his workshop in the Iron Man series (with clicking rather than hand-waving), and shows you how you’ve progress and how well you’ve done in each section.
  • Navigating this map lets you review topics and readings, and know exactly where they sit in the bigger picture.
  • This tab also includes a table of contents, and allows you to navigate manually to any concept and fast-forward to advanced parts by taking a quiz to unlock them.

‘Next Recommended Topic’ functionality

  • Built on “multi-million dollar technology”, the adaptive learning process also recommends the next topic for you to learn, based on your performance in the previous lessons.
  • Bloomberg claims that by using the recommendation engine, candidates are likely to save dozens, if not more than a hundred hours compared to any other CFA prep approach.

Learn about Bloomberg’s CFA online and mobile features ↗︎

Other Features: Flashcards, Formula Sheets, Pass Guarantees

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Pass Guarantee

Bloomberg has what they call a “100% money back guarantee” subject to these conditions:

  • If you don’t pass, but completed 95% or more of their course, you can get your money back. This has changed substantially from their previous pledge detailed in our pass protection article.
  • Please be mindful that in the latest Bloomberg’s terms, this would ultimately be determined in Bloomberg’s sole discretion.

Learn more about the extras that Bloomberg offers with their CFA product ↗︎

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Bloomberg CFA Prep Reviews and Ratings

Review Filters

★☆☆☆☆ Poor
Gongerjim • Level 1

I am an experienced professional and am fairly confident I should pass the CFA. I chose BloombergPrep because I felt their money back guarantee signalled confidence in the material.

I’ve actually been shocked by the low quality of the materials. They are full of errors – I have highlighted whole lessons that teach the wrong thing! Mock questions are very different from the actual CFA questions.

Good luck if you are trying to learn this material the first time from the classes – you won’t have a chance. The adaptive learning software tests you on concepts they haven’t taught you. A junior colleague of mine completed the course and fairly predictably failed.

I don’t normally post negative reviews but in my view this is an expensive waste of money and time and I would like to prevent other candidates from making the same mistake.


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★☆☆☆☆ Poor
Anonymous Moose • Level 1

The Bloomberg Exam Prep service has a dysfunctional AI, an incorrect time tracker, and errors abound (both spelling and grammar and just straight up incorrect answers that conflicted with the CFA textbook).

Additionally, a lot of the questions they provided would have no chance of showing up on the exam because they were way too long/ esoteric.

I’m not saying you can’t pass using this material, I’m just saying you’ll a) be a lot happier, b) save a lot of time, and c) save your money, if you even just use the CFA Institute provided material instead.

0/10 I would not ever use them again, and I will spend the rest of my working years warning anyone else I know taking the CFA exam not to use them.


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★★★★★ Excellent
Richard L. • Level 1

I used BloombergPrep to prepare for my CFA Level I and found the program to be crucial in my success.

The user-friendly interface and algorithm used to unlock various sections of the study plan based on personal preparedness are very effective. As a working professional (working long hours), it was much easier to plan and format my study based on the outline and structure of BloombergPrep’s program.

I spent 90% of my time studying the BloombergPrep program, and the remaining 10% making flash cards to refresh formulas and key concepts. There was minimal time spent studying uses other resources, or reading the official CFA prep material and books.

Level I was a success and I have made a bundle purchase of Level II and Level III to prepare me for the next exams. Also, customer service are very helpful in resolving issues.


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★★☆☆☆ Fair
mrbones92 • Level 1

The content is good, but the AI software is quite frustrating. After you have finished a section and you get a few questions wrong further down the line, it resets those topics, undoing your progress. I also think the instructions are too brief as they assume you already know a lot. Therefore a printed curriculum is a must have. I expected more from Bloomberg to be honest.
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★★★★★ Excellent format helps retention
TJ Hooker • Level 1

Bloomberg uses an excellent format with regular questions recapping the topics you’ve learned as you go along. The topics are broken down into ‘micro’ topics which are easy to work though. Also there are a lot of questions as you go along. It’s a great tool.
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★★☆☆☆ Fair
Nikolay • Level 1

Makes you feel ready for the exam during the course of study, however when trying practice questions on CFA website you will eventually find yourself unprepared for the real exam.
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★★★★☆ Very Good
tolly66 • Level 1

Bloomberg is new to the CFA game, and it shows as there were some bugs with their “Ask-A-Tutor” feature and their predictive analysis. However, the staff quickly replied to all concerns and credited my account accordingly. The practice questions and tests were definitely a HUGE reason why I passed Level 1.
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★★★★★ Excellent
Zeid • Level 1

I have used Bloomberg prep for the Level 1 and I aced the exam. I felt like the actual exam was way easier than Bloomberg’s mocks. I will definitely use their services for Level 2.
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★★★★☆ Questions throughout is a great idea
ComplianceGuy • Level 1

The constant testing of knowledge through questions throughout the learning stage helps to ensure that you have grasped the concept before progressing to the next stage
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★★★★☆ Good, but format needs to improve
Naanull • Level 1

I believe that the format for learning is actually quite good. I also believe that the format needs to improve. As it stands it is a great compliment and a good preparation for the exam, however, as a stand alone it is not sufficient.
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★★★★☆ Supplementary use only
Oliviakmp • Level 1

Useful online learning, but lacking some basic information. Would use as a supplement but not as a main prep provider.
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★★★★☆ Very Good
Zentra17 • Level 1

Possibility to reset progress from modules would be great. Currently it only gives the possibility to reset the entire course.
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★★★★☆ Very Good
Jonhwang • Level 2

Interesting lesson structure, engages without making factual information difficult to digest.
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★★★★★ Get this
far_w • Level 1

Excellent CFA preparation tool. Definitely a must-try. You will find the teaching of concepts as small concise nuggets of information very effective.
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★★★☆☆ Good
Penny Eilles • Level 1

Bloomberg is good for practice questions. You still need to read the CFA Institute books!
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★★★★★ Excellent
Lance • Level 1

Their CFA preparation materials are plentiful, especially simulation exams. I found the guidance and recommendations very relevant.
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★★★★☆ Very Good
Quanr • Level 1

Good and straight-to-the-point material. A great time saver.
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★★★★☆ Very Good
Dirk Cristofol • Level 1

Quite decent. Liked the adaptive nature of the course construct.
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★★★★☆ Very compact curriculum
tolly66 • Level 1

According to their timer, I have put in 103 hours of study time already (with an additional 100 hours with other materials). I have taken a practice exam and asked multiple questions from their tutor. Also, I initially attempted to study straight from the CFA Curriculum (CFA Books), so I have a decent comparison. I am studying for Level 1; I don’t have any information on Level 2 or 3 for Bloomberg’s software.

Pros:

  • Unlike the CFA Institute books, the Bloomberg software won’t put you to sleep and is great at explaining points of confusion. When I first started with the CFA Institute books, I was having a difficult time with Economics, and the books were not helping. I moved on to other materials and hoped to revisit Economics at a later date. When I purchased the Bloomberg software, Economics was the first subject I went to, and the software made comprehending the lessons easier. Bloomberg achieves this through their question-based approach to teaching materials, which forces users to think about questions and materials and their machine-learning software, which guides you through different lessons based on your previous performance.
  • The software also gives you “Practice Questions” within each concept, usually in blocks of 10, which is useful for building endurance. Combined with their machine-learning software, this feature strengthens knowledge retention, as it will direct back to previous readings, to check if you remember key lessons.
  • Bloomberg has an “Ask-a-Tutor” feature, which allows you to send questions to CFA charter holders. The response day is usually 24 business hours, which is a fast turnaround.
  • The pass guarantee shows that Bloomberg stands behind their product. Also, the 95% completeness clause is an outstanding motivator for test-takers.
  • The dashboard shows you the percentage of correct answers within each reading, which helps pinpoint weaknesses and areas of improvement. Also, the dashboard shows how much time has been spent on each topic.
  • The support team is quick to respond to software problems and are quite helpful.
  • The practice exams have been properly weighted, and it shows how long it took a user to answer each question. You also have the option of printing the exam and inputting your answers manually.


Cons:

  • The direction seems completely random at times. When using the CFA Institute books, I keep an organized notebook, arranged by reading/topic. With the Bloomberg software, it will direct you to another topic, while you’re in the thick of a current one. Thankful, you do have the option to ignore the recommendation and stay on your desired topic. You’ll need multiple notebooks to keep all the information organized.
  • There were a few questions that had incorrect answers, which I have brought to the support team’s attention. They have taken care of those.
  • Sometimes, the “Ask-A-Tutor” feature does not give the amount of detail needed to settle confusing information. You are allowed to ask two follow-up questions without losing additional tutor requests (for my level, I have 20 “Ask-A-Tutor” questions). This shortcoming is probably due to the shortage of instructors during the Bloomberg Prep banner. For the CFA Level I, they only have one tutor available. I believe they will expand their tutoring staff shortly.


Conclusion: You can tell that Bloomberg is a newcomer in the CFA Exam Prep market, but they are doing an adequate job of helping users learn the material. In addition to Bloomberg, I receive Kaplan’s “CFA Question of the Day” in my inbox. Since I started using Bloomberg, my accuracy on Kaplan’s questions improved because I felt more comfortable analyzing the information in each question and using the mental evaluation system the software forced me to develop internally. I recently took a practice exam, and I scored 65%, which is close to passing, and I haven’t even started with the ethics part of my study material. The Bloomberg software has made me feel more comfortable facing the challenging questions that the CFA will throw at me five weeks from now.


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★★★★☆ Good, for a new product. Some kinks need ironing out. Fast internet needed.
Innis Duchan • Level 1

Bloombergprep has unique software that guides me from the start to finish all the material including all the practice from learnt material for retention purpose. This old-new approach has some features that worth noted as below:

  • You’re supposed to follow the software’s guidance to get through all the material needed and practice questions. For some, this method may work, but maybe due to my age, humble background or other reasons, I cannot optimally utilize this feature, I felt that what I learnt is scattered around in my brain. I have some difficulties relating one topic with another, and I feel comfortable if I can finish one whole topic one-by-one. But with the software throwing me multiple topics simultaneously and adding practice questions from previous material in between… it’s a highly stimulating and interesting way of learning I presume, but it’s just not suitable for me.
  • The learning process is done with Question and Answer sessions. It’s like you have your personal tutor with you, explaining everything and asking questions to stimulate your curiosity. It’s quite fun as you will not feel alone while you study, and get to practice answering questions as you go along. The end-of-module practice questions are also a big help to apply what I have learnt.
  • I can manually pick what I want to learn, and have a study sequence according to my own preferences by picking whatever topics available that I want to learn at a time
  • You need a fast internet connection. With my moderate internet connection, opening the Bloomberg page/module takes quite some time. Added up over months, this is a lot of wasted idle time. I found that if my internet connection was slow, I tended to just give up studying and do something else instead. If your country having a good stable internet connection, it would not be a problem.
  • They have a tutor that can answer questions (basic package gets you 20 ask-a-tutor questions). In theory, this takes care of any questions or clarifications you need as you work through the material, but a lot of my questions were about typos or errors in the material. I ended up getting more credits simply because I wasn’t really using my questions – I was helping them debug!  Good people behind the platform, but as this is a new product, some minor errors should be expected.
  • The package includes 6 full exams. Plenty of exam simulations is always good for practice. I used 4 of them and am quite satisfied with the questions’ quality and the answers provided.
  • I ended up spending more than 300 hours using this platform, but mostly due to the waiting time of opening a module/page. I will recommend this provider to younger people who love to learn from their iPad/notebook with a good internet connection.
  • Good value for money too!

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★★★★★ So far, so good
davidsedrak • Level 1

I signed up for Bloomberg’s CFA Exam Prep back in February and using them has helped me focus significantly.

I was studying from Kaplan Schweser material but realized that there was too much material. It became overwhelming to cover.

Bloomberg is all algorithmic and tests you on your weaknesses to help you pass. They offer guarantees on passing for all 3 of their packages and it’s all online based. I’m able to study everywhere, on the bus on my way to work, whenever I’m waiting around, or at my desk. I highly recommend Bloomberg for whoever is looking to save some time.

I’m 78% through the curriculum and have only spent 112 hours rather than the usual 300.


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