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Mock exams for level 2?

Hi forum, 

This question I’d say is more for those who passed level 2 but I am open to ideas from anyone. I plan on taking 6 Schweser mocks, 2 mocks from CFAI, and 3 mocks from Mark Meldrum. I am looking for additional mock exams to take as I feel 11 may not be enough. Any suggestions on any other good providers for level 2 mock exams? Any insight would be greatly appreciated. Good luck to everyone taking the exam this June!

"Wiley's prep material was a huge part of my success." - Lindsey G., USA

im doing the 6 schewers, the 4 CFAI, and I have 2 wiley. From my reserach, wiley is suppose to be the most realistic.

Thanks for the heads up on Mark Meldrum. i will give his mocks a try too. .. hope his stuff is good.

Did you guys do all the practice problems on the CFAI site? There’s a ton of questions to do there.

Ok Wiley may be a good choice then thanks. I used him a lot to supplement for level 1 and it was extremely helpful the guy really seems to know his stuff not too expensive either I’d highly recommend him to anyone as a good supplemental source.

Tactics wrote:

Did you guys do all the practice problems on the CFAI site? There’s a ton of questions to do there.

I will probably do those questions during the last month when I’m not doing mocks but I noticed there are significantly less questions compared to level 1. Are the questions vignette style?

They are all Vignettes. Some are very hard.

Yes the CFAI practice problems are ridiculously hard.

In my experience across all the levels, the IFT mocks were by quite some distance the most accurate and reflective of the actual exam. I must have done 14 mocks last year for level 2 from Kaplan, Fitch, Finquiz, and CFA official, and the three from IFT blew the rest ouf the water. 

.....woof

Where can you find 4 CFA practice exams? I only found 1 from the website.

He probably meant 2 exams with 2 sessions each.

Yea there are only 2 full mocks CFAI offers.

rexthedog wrote:

In my experience across all the levels, the IFT mocks were by quite some distance the most accurate and reflective of the actual exam. I must have done 14 mocks last year for level 2 from Kaplan, Fitch, Finquiz, and CFA official, and the three from IFT blew the rest ouf the water. 

I was actually looking into IFT this weekend and glad you said that. Seems to be they are the way to go. Good luck this June and I appreciate your input I bet your excited for level 3!

Strange, I read IFT was far too easy and people were scoring 85%+ on them and still failing the exam. That’s why I didnt go with them even though their cost is low for the number of mocks.

I bought IFT exams this year and tried two of them.

Compared to schweser exams, they are useless in terms of difficulty, wording, genuinity, and the explanations of the correct answers.

Many  of their questions are copied from the practice vignettes given on the CFA website with slight change.

mmmask wrote:

I bought IFT exams this year and tried two of them.

Compared to schweser exams, they are useless in terms of difficulty, wording, genuinity, and the explanations of the correct answers.

Many  of their questions are copied from the practice vignettes given on the CFA website with slight change.

Wouldn’t this make them the most representative exams then? If they are the closest to the CFAI questions?

Well some sections that are just copied from the CFA practice are representative. (with bad explanations of the answers)

For the others, schweser exams are just better in every aspect.

But if you are not doing schweser exams, than there is no harm in doing IFT ones.

mmmask wrote:

I bought IFT exams this year and tried two of them.

Compared to schweser exams, they are useless in terms of difficulty, wording, genuinity, and the explanations of the correct answers.

Many  of their questions are copied from the practice vignettes given on the CFA website with slight change.

That is precisely why they are very good, they take concepts from EOC, and Topic Tests and blend them into new item sets. I am guessing you are a first time taker of the L2 Exam? Following the official exam in June last year it was quite clear that the IFT mocks were more accurate of the actual test then the other providers. (Fitch mocks were very good too)

Schweser mocks I hate, they are nothing like the exam but some people like them because they test you ability to think of topics in different ways to the other providers.

Anyway, just my two cents. I don’t have any afilliation with any of these guys, but I know what worked for me and a few of my mates. 

.....woof

Drockk93 wrote:

rexthedog wrote:

In my experience across all the levels, the IFT mocks were by quite some distance the most accurate and reflective of the actual exam. I must have done 14 mocks last year for level 2 from Kaplan, Fitch, Finquiz, and CFA official, and the three from IFT blew the rest ouf the water. 

I was actually looking into IFT this weekend and glad you said that. Seems to be they are the way to go. Good luck this June and I appreciate your input I bet your excited for level 3!

No worries mate. Find what works best for you! Excited and apprehensive. Finish line is close, but L3 brings a whole new host of challenges to level 2. Good luck with your prep! 

.....woof

I may just try the IFT to give more variety.. I have all current Kaplan, CFAI and wileys.. i was pacing myself only taking 1 per week so I dont run out but I might do 2 a week since IFT offers a few more…

125mph wrote:

I may just try the IFT to give more variety.. I have all current Kaplan, CFAI and wileys.. i was pacing myself only taking 1 per week so I dont run out but I might do 2 a week since IFT offers a few more…

Were you able to purchase the Wiley mocks by themselves or did you just study with Wiley and get one of there packages?

I just purchased the wiley qbank/mock combo. They didnt give an option just to get the mocks. I actually find their qbanks pretty useful, better than Schweser qbank a lot.

I’m studying with Schewser notes.

The option to get the mocks alone is available now.

From what provider?

Yes looks like Wiley is offering 2 mocks for $65 now. Just last month it only came bundled with qbank for $195.

Hey guys just a heads up if you plan on getting mocks through IFT they are the same as those offered through Mark Meldrum

How many CFAI practice probs have you guys done so far? Additionally what percentile are you at overall? I’ve completed 166 of the 384 total and currently sit in the 70th percentile. 

Iprofit4sure wrote:

How many CFAI practice probs have you guys done so far? Additionally what percentile are you at overall? I’ve completed 166 of the 384 total and currently sit in the 70th percentile. 

I haven’t started those yet. My plan is to do all of those in June leading up to the exam.

Drockk93 wrote:

Iprofit4sure wrote:

How many CFAI practice probs have you guys done so far? Additionally what percentile are you at overall? I’ve completed 166 of the 384 total and currently sit in the 70th percentile. 

I haven’t started those yet. My plan is to do all of those in June leading up to the exam.

They are brutal. I have done all the quant, ethics, PM and FRA ones available. Quant score 60 percent, Ethics 64 percent, FRA 65 percent, PM 50 percent (will need to obviously study a ton more there). So If I am in the top third of candidates attempting these questions yet my average score is right at 60, that speaks to their difficulty I think or does it? What other sources are you using for practice problems?

Iprofit4sure wrote:

How many CFAI practice probs have you guys done so far? Additionally what percentile are you at overall? I’ve completed 166 of the 384 total and currently sit in the 70th percentile. 

They are crazy hard. I’m sitting at 94th percentile with 82% on the practice problems at 69% on mocks. 100% complete with all questions. The mocks have a lot more weight I think.

So you are definitely passing the exam is what you are saying. Not that we know the percent of people that will pass this year but let’s say for instance, if EVERYONE did all the CFAI practice questions, then being at the 53rd percentile (with 47 percent of people passing the exam last June) means you are borderline and would, in theory, pass based on last year’s results….

I honestly don’t think the percentile is very reliable. Some people may be doing open book practice and others may not be taking the practice questions seriously. Like sometimes I was doing the practice questions and I got distracted with work, and just rushed through answer them to make it to a meeting.

I like Kaplan’s feature that lets you compare the exact test you did with the other people.

Did a mock and got 80 while the average score was 54%. That’s I think a better gauge. Did my 2nd mock and scored 71% but the average this time was 49%.