CFA Level II Mock Exams
Level II gives you 22 case-based item sets and about 12 minutes for each one, including the time it takes to read the case. A full mock shows whether you can pull the right facts from each vignette at that pace, and which topics slow you down while there's still time to fix them.
Each mock is modeled on the computer-based Level II exam, so the case layout and the clock feel familiar before it counts.
Study illustration · not a product screenshot
What Is the CFA Level II Exam Format?
The CFA Level II exam has 88 multiple-choice questions grouped into 22 item sets. Each set starts with a vignette, a short case with data exhibits, followed by four questions that draw on it. Reading the case and choosing the right facts are part of every answer.
88 vignette-based multiple-choice questions
11 item sets in each session
Testing time; breaks and administration are separate
Pacing: About 12 minutes per item set on average, including the time it takes to read the case. One misread fact in a vignette can cost you more than one answer. A full Level II mock shows whether your case reading holds up across all 22 sets.
See Level II Mock OptionsSource: CFA Institute Level II exam format. Checked 29 October 2026. These facts describe the official exam and do not establish KeyPoint product inclusions.
What's Included in a KeyPoint Level II Mock Exam?
Each Level II mock gives you a full case-based exam to sit and the results you need to plan your next study session.
A mock-only product, a question bank, a combined practice bundle and a broader study package have different entitlements. Compare the two preparation paths.
Already confident with the Level II methods? Mocks on their own may be all you need. If valuation or accounting topics still slow you down, a Level II study package includes mocks along with lessons and practice.
How Do You Pace a CFA Level II Item Set?
Plan on about 12 minutes per item set, including reading. Rereading the whole case is the easiest way to lose that time, so give every reread a purpose.
Identify the Task
Before you calculate, check whether the question wants a value, a comparison, or an interpretation.
Select the Inputs
Check periods, units, and assumptions. A familiar number may belong to a different part of the case.
Interpret the Result
Check that your answer makes sense and responds to the question that was asked, not a nearby one.
A full mock shows whether 12 minutes per set is enough for you, and which kinds of cases run long. Keep broader scheduling in your mock preparation plan.
See Level II Mock OptionsReview Every Level II Mock With Performance Analytics
Every KeyPoint mock includes a review and performance analytics, so you can trace each missed answer back through the case before your next attempt.
Find Where the Analysis Broke Down
Trace each wrong answer back through the vignette. Did you miss a constraint, take a figure from the wrong period, or use a method that didn't fit? A clean calculation still gives the wrong answer if it starts from the wrong input.
Add correct guesses and unfinished questions to the list. For each one, note the first step where your reasoning became uncertain, whether that was reading the case, choosing the input, calculating, or interpreting the result.
Fix the Gap Before Your Next Mock
Go back to the method in your study materials and explain why each input belongs in the calculation. Then solve a fresh case without leaning on a remembered answer. If the problem was interpretation, say what the result means before you look at the answer choices.
Leave room between each mock and the review that follows it. The mock review plan shows you how.
What to Check After Every Level II Mock
FAQs About CFA Level II Mock Exams
Level II questions come in item sets. Each set starts with a vignette, a short case with data, and four questions draw on it. Level I questions stand alone, so Level II adds a reading task: finding the right facts before you can apply a method.
A full Level II mock has 4 hours and 24 minutes of testing time: two 132-minute sessions with 11 item sets each, matching the real exam. KeyPoint Level II mocks follow the same two-session structure, so plan extra time for the break and for reviewing your results afterward.
KeyPoint includes two full-length Level II mocks. You can buy them on their own, with the Level II question bank, or as part of a Level II study package.
Take it once you can work through cases across most of the curriculum, with enough weeks left to review it and fix what it finds. Your official CFA Institute mocks open about eight weeks before your exam, so a mock before then gives you an earlier read on where you stand.
Find out what made each input wrong: the period, the unit, the definition, or an assumption in the case. Then explain which fact the calculation actually needed and why. Practice that step on fresh cases before you work on speed.
The review. Use your score to decide where to start, then spend most of your time on how you reached each answer. A lucky guess can hide a gap, and a low score can come from several different problems. CFA Institute doesn't publish a fixed passing percentage, so no single mock score tells you whether you'll pass.
Not if you're still learning the material. Mocks show you where your gaps are, but they don't teach the methods behind them. If you've already studied the curriculum, mocks are the right final step. If you haven't, a Level II study package gives you the lessons and the mocks together.