The following is a sponsored post from LevelUp Bootcamps:
And Mock Exams Are Key
CFA® Level III candidates frequently ask about whether or not they should take mock exams. This is a good learning tool that allows candidates to review prior exams, take prior tests, and gauge how they might do on that year’s upcoming exam. In particular, candidates learn how CFA® Institute constructs vignettes, how they formulate questions, and exactly what they expect for answers for particular command words. Typically Mock Exams are not release until late spring, therefore, you should consider purchasing - and taking - Mock Exams. You will want to make a decision about which Mock Exams you plan to purchase and use. Your path to choosing a CFA® Mock Exam provider is more critical than ever.
With the past 25 years of teaching and incorporating the actual prior CFA® exams as learning tools, LevelUp has promoted the concept that practice with past exams was critical to passing the exam. Here we share our objectives in creating Mock Exams.
LevelUp Bootcamp Mock Exam Objectives:
Match the look and feel of the real exam. From the list of questions at the beginning of the exam, to the formatting of each vignette (including the total number of minutes, number of parts, exhibits, questions, and minutes per question, even bolding each command word), to the design of the answer templates, we try to duplicate the published versions of the most recent CFA® Institute Level IIImorning exams.
Write questions that closely approximate the format, tenor, tone and difficulty of potential real exam questions. LevelUp uses CFA® Institute’s command words in a manner consistent with CFA® Institute’s use, and writes questions in a straightforward and unambiguous manner. The goal is to make them difficult – as difficult as real exam questions – but difficult for the right reasons, not because they’re convoluted, ambiguous, or ridiculously long. As with the real exam, the questions are not generic; i.e., if you haven’t read the vignette, you will not know how to answer the question. Mock exams should not simply regurgitate the curriculum.
Write questions that have only one correct answer. This is a lot more difficult than it sounds. Candidates can think of remarkable ways to answer questions, so the writer has to anticipate all of those and write the question tightly enough that only one answer will prove to be correct. Drawing uponexperience in grading Level III practice exams, we have honed the art of writing solid questions that can be answered correctly in only one way.
Write guideline answers that are clear and comprehensive. Not only do we want candidates to know what the correct answer is to each question on our exams, we want them to know why each answer is correct. We view practice exams as learning tools as well as assessment tools, and candidates learn best when they understand not only what’s right and what’s wrong, but why.
Perhaps more important than what we can tell you about our exams is what candidates have written about them on AnalystForum and Reddit/CFA®:
“S2000 mock exam is a must.” AnalystForum, October, 2019
“Your tests were excellent. Very well done. From content to the way they asked the questions you did a great job.” AnalystForum, October, 2019
“You did a superb job writing the L3 mocks.” Reddit/CFA, June, 2019
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