On a conceptual level, CFA problem sets are basically one long practice exam. The only difference is the lack of scoring to gauge your progress with; however, this missing feature can easily be replaced by simply measuring your progress and accuracy using the book’s answer explanations. That being said, one of the first features you should look for in any CFA problem set you consider is relevancy. Does the workbook you’re considering offer all of the content you’ll need? How accurate is it when compared to the material you’ll have to face on exam day? Does it cover every type of equation you’ll be expected to solve? Are there explanations included in the book that show how to solve certain problems? The more thorough a problem set is, the easier it will be to work with, and the more substantial a study experience it can offer. The ideal CFA problem set also offers a wide range of problems for each subject, enabling you to gain a full glimpse of exactly what you’ll be facing on exam day.
We recommend always keeping an eye out for the year attached to the exam title. The last thing you want to potentially deal with is using a CFA problem set for an outdated version of the exam. In other words, if you’re taking the exam in 2019, a CFA problem set written in 2015 will provide you with less than relevant information and may even leave you unable to answer certain portions of the exam. The CFA exam is constantly updated to match the ever-evolving industry, so you must make sure your study tools match the latest edition of the exam as closely as possible.