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CFA Institute practice exams

4 timed, auto-graded CFA Institute practice exams and 2 certification paths. Your first exam is free; every pass gives a certificate anyone can verify.

CFA Institute certification paths

CFA Program Path3 steps ESG and Sustainability Path5 steps
Accounting and Finance 3ESG and Sustainability 1

Accounting and Finance3

CFA InstituteExpert

CFA Program Level III Practice

CFA Level III

Scenario-based practice exam, a multiple-choice knowledge practice test only, on asset allocation, portfolios, derivatives, ethics, performance and three pathways. Independent practice, not an officia

⏱ 120 min◎ 50 questions✓ 70% to pass
First exam freeStart →
CFA InstituteProfessional

CFA Program Level II Practice

CFA Level II

Scenario-based practice exam with short case stems on valuation, financial statements, fixed income, derivatives, alternatives, portfolios and ethics. Independent practice, not an official exam.

⏱ 120 min◎ 50 questions✓ 70% to pass
First exam freeStart →
CFA InstituteAssociate

CFA Program Level I Practice

CFA Level I

Practice exam on ethics, quantitative methods, economics, financial statements, corporate finance, equities, fixed income, derivatives, alternatives and portfolios. Independent practice, not an offici

⏱ 75 min◎ 50 questions✓ 70% to pass
First exam freeStart →

ESG and Sustainability1

Practice exams written by CareerByteCode. Not affiliated with CFA Institute; certification names are trademarks of their owners.