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CFA, CAIA, and FRM Study Materials from Kaplan Schweser
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Mock Exams

CFA® Level I Mock Exams

$119 - $299

Practice taking the computer-based test before exam day with the Schweser Mock Exam. Each full-length mock exam uses a unique set of questions that replicate the difficulty for Level I of the CFA exam.

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2026 CFA Level 1 Mock Exam

What's Included

  • CFA Institute's time limits of 4 hours 30 minutes (each exam consists of two sessions of 2 hours 15 minutes)
  • CFA Institute's topic weightings and exam format
  • Online answer explanations
  • Online scoring and performance tracking by topic area with a comparison to other candidates
  • Answer explanations that include LOS references for every question
  • Exam Tutorials that provide detailed video explanations of how to arrive at each of the answers

Product Details

Did you know that 96% of Level I candidates who scored 70% or higher on Schweser’s mock exams went on to pass the actual CFA exam? These realistic exams simulate the interface, format, difficulty, and length of the real thing—helping you develop your test-taking skills, identify weak areas, and demonstrate mastery of the CFA Program curriculum. After your exam, review detailed answer explanations, compare your score to other candidates, and drill deeper into each question with our Mock Exam Tutorial.

The Schweser Mock Exam features 3 modes:
  • Online: Take the exam using the standard Kaplan Schweser online interface
  • Exam Sim: Take the exam using the actual interface you'll encounter on the computer-based CFA exam
  • Live In-Person: Offered exclusively by Schweser, take your mock exam live at one of hundreds of Prometric® CFA test centers around the globe. This option is included in the Ultimate Package or can be added to any other study package.

CFA Level I Mock Exam FAQs

Explore CFA Level I Products

96% of Level I Candidates Who Scored 70%+ on Schweser’s Mock Exam Passed the Actual CFA Exam: Kaplan examined the relationship between its CFA® Level I simulated exam scores and candidates’ self-reported official CFA Level I exam scores. For this survey, a sample of 474 CFA Level I candidates was surveyed between January 1, 2021, and December 31, 2022, regarding their CFA Level I certification exam outcomes. Candidates took Kaplan’s simulated exam between January 2021 and November 2022, and took the official CFA Level I exam after their simulated exam. Within these 474 students, 201 had scored 70% or higher correct in Kaplan’s simulated exam. Of the 201 CFA Level I candidates that had scored 70% or higher correct in their simulated exam, 192 (95.5%) reported they passed the official exam and 9 (4.5%) reported they failed. Kaplan makes no representation or warranty, express or implied, concerning the predictability of passing an official licensure examination.