CFA CFA Level 1 Best source of practice questions?

Best source of practice questions?

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  • Brian_Murph
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    Can anyone please tell me what are the best set of practice exam questions. I have the schweser ones (which are very good), but would like some more to do during this last HORRIFIC month. There seems to be a lot out there, but I dont particularly want to spend any more hard-earned cash

    Sophie Macon
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    Hi @Brian_Murph, welcome to the forum!

    I have covered this topic extensively in this post, under #1. Resource Planning.

    There are some free Level 1 papers, and some that require purchase.

    In summary, for Level 1, I’d recommend the following for extra practice papers (aside from freebies):

    padniaki
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    I agree with @sophie about AnalystNotes. By FAR the best value for your money. I used them successfully for L1 and L2.

    If you’re looking for something free, I believe Investopedia has a very extensive L1 section with practice questions, full notes, etc.

    http://www.investopedia.com/professionals/cfa/

    lulu123
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    @padniaki

    did you try the investopedia quiz?

    some questions are supposed to show an image (such as graphs for economics questions) but they don’t show!!!! is it just me?

    padniaki
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    @lulu123

    I haven’t tried it in a while. I’ll give it a go when I get home, see if I have the same problem.

    Brian_Murph
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    Thanks all. The investopedia questions look a bit odd. I didnt encounter any graphical issues, but some of the questions appeared with more than 3 potential answers. Also, the some of the questions seem a bit long and wordy!

    Sophie Macon
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    Hmm I’m not familiar with Investopedia questions myself @Brian_Murph, and whether they are updated. Perhaps others could comment.

    Better just to get extra from specialised providers. The best value for money would be Analyst Notes and Simplilearn, getting one of those should be more than enough.

    Swift
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    I wasn’t that impressed by the free test that Simplilearn offer. The questions felt like they were written by someone whose first language isn’t English.

    Another cheap option is http://www.soleadea.com. I haven’t taken any of their tests but they offer a benchmarking system similar to Schweser where you can compare the results of your test to other candidates that have taken it. Looks like you can pay as little at $15 too and they also offer a free mock too.

    Sophie Macon
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    Ah, if memory serves me right, I think Analyst Notes does have this sort of benchmarking system too.

    owenf2
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    As a good source of questions, Id like to throw an app that I have been using into the fray also. Its called CFA Level 1 MCQ and I got it in the app store. I have been using it for the last few days and im pretty happy with it. I agree with the comments about investopedia – its not great, and also the original post about the Schweser practice exams – they are very useful. Best of luck in the exam everyone!

    Brian_Murph
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    Thanks all – I have gone for the AnalystNotes, and il also try the app as its free

    Sophie Macon
    Keymaster
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    Great, let us know how things go @Brian_Murph. Look forward to see you around 🙂

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