Best CFA Prep Courses & Study Materials for 2025-2026 | For all Levels 1, 2 & 3

Confused by all the CFA prep options out there? Cut through the noise, compare the best CFA exam prep courses, and discover why UWorld is a smarter way to prep across all three levels.
CFA candidates comparing best prep course & study materials content on laptops and tablets during a collaborative study session.

Why Choosing the Right CFA® Prep Course and Study Materials Matters?

Preparing for the CFA Exam isn’t just about logging long study hours  -  it’s about making those hours count. With thousands of pages of curriculum content and a high level of difficulty, your success depends on using resources that maximize learning efficiency and match your unique study needs. The right CFA prep course provides structured guidance, high-quality practice questions, and analytics to pinpoint your strengths and weaknesses, while the right study materials (textbooks, flashcards, formula sheets, and mock exams) ensure you can apply what you’ve learned under real exam conditions.

Choosing wisely can help you grasp complex concepts faster, retain them longer, and walk into exam day with the confidence that you’ve trained for every type of question the CFA Institute might throw at you. On the other hand, selecting materials that don’t fit your learning style or aren’t aligned with the latest CFA curriculum can result in wasted effort, information gaps, burnout, and ultimately, a lower score. Since the CFA journey requires months, often more than a year of consistent, disciplined study, your choice of prep course and study tools isn’t just a purchase; it’s an investment in your exam success and future career in finance.

How to Choose the Best CFA® Prep Course and Study Materials

Finding the top CFA prep provider isn’t just about picking the most popular name  -  it’s about matching the resource to how you learn, how much time you have, and the level of support you need. Here’s what to look for when evaluating your options:

  • Content Quality and Curriculum Coverage – The materials should be 100% aligned with the latest CFA Institute curriculum. Look for prep courses that offer clear explanations, examples that connect theory to real-world applications, and accurate formula sheets.
  • Learning Formats that Fit Your Style – Some candidates absorb information better through video lectures and visuals, while others prefer concise reading materials and practice questions. The best CFA study materials often combine formats so you can switch between them as needed.
  • Practice Questions and Mock Exam Quality – High-quality practice questions that mimic the difficulty and style of CFA Institute’s are critical. A good course will include full-length mock exams, topic-based quizzes, and adaptive practice tools that target your weak areas.
  • Smart Analytics and Feedback – The most effective prep platforms track your performance, highlight problem areas, and adjust your study plan accordingly  -  ensuring you’re always focusing on the topics that matter most.
  • Flexibility and Accessibility – Whether you’re commuting, traveling, or studying during short breaks, mobile access and offline features help you stay consistent without disrupting your routine.
  • Instructor Support and Community – Having access to expert explanations, live sessions, or peer discussion boards can help keep you accountable and motivated throughout your study journey.

By carefully weighing these factors, you can confidently select the best CFA prep course and study materials that fit your budget, learning style, and exam timeline  -  setting yourself up for success on the first attempt.

To help you make an informed decision on the best CFA prep provider for your needs, we've organized a comprehensive comparison. This breakdown evaluates key factors such as features, pricing, and learning styles, ensuring you can easily identify which option aligns with your study goals and preferences. Below, we’ve outlined the key areas of comparison to guide your choice:

Best CFA Prep Courses Comparison: UWorld CFA Courses vs Others?

Once you’ve narrowed down your top contenders, dive into this detailed comparison. From question banks and mock exams to analytics, instructor quality, and mobile access, this table lays out where each provider excels and where it falls short. It’s also a great way to see how UWorld delivers value at every stage, especially for CFA candidates who want realism, flexibility, and focused learning.

In the following section, we’ll lay out the top CFA prep courses & study materials, helping you assess features, pricing, and student experience at a glance.

Feature UWorld Kaplan Mark Meldrum AnalystPrep CFAI
Full Course Access Yes
Level-wise, integrated learning system
Yes Yes Yes No
Study Books & Guides Yes
Comprehensive, curriculum-aligned guides for concept mastery
Yes Yes Yes Yes
QBank Quality Yes
Thousands of exam-level questions with detailed explanations
Yes Yes Yes Yes
Sample Questions Yes
Free access to realistic CFA® sample questions
Yes Yes Yes Yes
Mock Exams Yes
High-fidelity mocks that mirror the real exam
Yes Yes Yes Yes
Essay Support (L3) Yes
Expert-reviewed essay guidance for Level 3 success
Yes Yes No Yes
Performance Analytics Yes
Smart analytics to target weak areas
No No Yes No
Flashcards Yes
Digital flashcards for rapid formula & concept recall
No No No No
Mobile App Quality Yes
Top-rated app for study anywhere, anytime
Yes No No No
Instructor Quality Yes
Peter Olinto + expert authors and CFAs
Yes Yes Yes Curriculum only
Video Lectures Yes
Engaging, concise, and easy to revisit
Yes Yes Yes No
Pricing (per level) $399 - $999 $379 - $1499 $399 - $1475 $349 - $799 Free with exam only
Free Trial Yes
Risk-free trial with full-quality content
No No Yes No
Best For Realistic, complete learning Traditional structured learners Academic style learners Budget learners Official-only study

Pros & Cons: Evaluating Your Options

When choosing a CFA exam prep course, it’s important to weigh the benefits and drawbacks of each option. Below is a detailed comparison, highlighting what they offer and where they may fall short.

Provider Pros Cons
Kaplan Schweser
  • Most recognized brand in CFA prep
  • Extensive study materials: SchweserNotes™, QBank, mocks, formula sheets
  • Available in multiple formats (online, print, live, on-demand)
  • Regular live online classes and instructor support
  • Strong reputation in the industry
  • Expensive compared to others
  • UI and learning platform can feel outdated
  • Analytics are not very advanced
  • Overwhelming for self-paced learners without guidance
Mark Meldrum
  • Taught by Dr. Mark Meldrum
  • Affordable full-access pricing for all three CFA levels
  • Academic-style video lectures with deep conceptual coverage
  • Well-respected among independent learners and CFA retakers
  • No official mobile app or dedicated learning platform
  • No adaptive QBank or analytics-driven progress tracking
  • Limited live support or interactivity; not ideal for those needing structured instruction
AnalystPrep
  • Affordable pricing (monthly and full-course options)
  • Includes video lectures, QBank, mock exams
  • Clean UI, easy to navigate
  • Offers formula sheets and a study planner
  • Flexible packages (QBank only, full prep, etc.)
  • Lacks depth in explanations compared to Kaplan/UWorld
  • Community and support are limited
  • Fewer adaptive features or smart analytics
  • Less feedback from charterholders in course updates
CFA Institute (Official Provider)
  • Official curriculum, no risk of missing testable content
  • Practice questions and mock exams align closely with real exam format
  • New Learning Ecosystem (LES) offers adaptive and digital-first tools
  • Most accurate source of truth
  • No teaching or guided learning
  • Text-heavy and time-consuming
  • Not ideal as a standalone prep for most candidates
  • Poor UX/UI compared to third-party platforms

Why UWorld CFA Prep is the Top Choice

UWorld delivers realistic CFA exam practice, in-depth explanations, smart analytics, and a top-rated mobile app, all at a fair, mid-range price. You get expert-led instruction, premium-quality QBanks, mock exams, flashcards, and flexible study tools that outperform budget options and rival high-priced competitors. It’s the perfect blend of realism, flexibility, and value for first-time pass success.

Try Our Best CFA Study Materials to Help You Pass Every Exam Level
Master core concepts, practice with exam-style questions, and boost your confidence with UWorld’s proven CFA study materials.

Best CFA® Prep Tools Compared Across Levels and Features

Every CFA® level is a new challenge, and your chosen prep course should meet you there. Level 1 builds your core foundation, Level 2 pushes you into advanced application, and Level 3 tests your ability to think like a portfolio manager. Each stage requires different strengths: clarity, depth, and strategy. This section breaks down how the best CFA prep courses support candidates at each level so you can prep with purpose, not guesswork.

Choosing the right CFA prep course means matching course features and resources to each level’s unique demands. The best prep courses offer targeted tools, books, QBanks, mock exams, and analytics to help you study efficiently and strategically.

To make it easy to explore, click any level below to jump directly to the detailed course comparisons, study materials, and features:

Best CFA Level 1 Prep Courses & Study Materials

If you're seeking the best CFA Level 1 prep course, focus on clarity, repetition, and realistic practice to build confidence. Level 1 is the foundation of your CFA journey, covering a wide range of topics including Ethics, Quantitative Methods, Economics, Financial Reporting & Analysis, Corporate Finance, Equity Investments, Fixed Income, Derivatives, Alternative Investments, Portfolio Management, and more.

Success at this level depends not just on memorization but on developing a strong conceptual understanding and the ability to apply knowledge to CFA-style multiple-choice questions. This is where most candidates build or lose confidence, so choosing the right prep provider is crucial.

Top Priorities for Level 1 Prep

  • Grasping fundamentals across 10+ topics: Build a strong conceptual base to tackle future levels effectively.
  • Developing test-day discipline and endurance: Practice pacing, stamina, and focus for long exam sessions.
  • Getting comfortable with CFAI-style MCQs: Learn the logic, phrasing, and common traps to reduce mistakes.
  • Reinforcing concepts through repetition: Multiple question exposures help solidify understanding and improve retention.
  • Tracking progress with analytics: Identify weak areas early and focus your study efficiently.
  • Using diverse study tools: QBanks, mock exams, flashcards, and visual explanations to reinforce learning from different angles.
  • Mobile-friendly prep for flexibility: Study anytime, anywhere, without losing continuity.

By focusing on these priorities, candidates can maximize their Level 1 prep efficiency and enter the exam room confident in their knowledge and strategy.

Best CFA Level 1 Study Materials Compared

Feature UWorld Kaplan Mark Meldrum AnalystPrep CFAI
CBT Interface Yes No
Limited
No Yes Yes
Explanation Depth Yes
Visual + Concept-first
Yes
Moderate
Yes No
Surface-level
Yes
Dense & Academic
Practice Tools Yes
QBank + 2 Mocks
Yes
Checkpoint exams
Yes Yes
Basic quizzes
Yes
Blue Box + Mocks
Visuals Yes
Strong
No
Minimal
No
Minimal
No
Low
No
None
Price Tier Yes
Affordable
Yes
High
Yes
Mid-tier
Yes
Budget
Yes
Free (with exam)
Summary Best for fast, visual, high-retention prep Trusted name, but old UI Minimalist, academic style Entry-level, lacks depth Official content, no analytics

Why UWorld Wins for Level 1

Preparing for the CFA® exam isn’t just about hard work. It’s about working smart. Our platform delivers 3,000+ exam-level practice questions crafted by CFA charterholders to match the real exam’s rigor. Every answer comes with visual, step-by-step explanations that do more than tell you what’s right. They teach you why. With smart analytics that highlight your weakest areas, you’ll know exactly where to focus, saving hours of wasted study time.

Whether you’re a self-starter or a professional constantly on the move, our mobile-friendly tools fit seamlessly into your schedule. Adaptive Smart Flashcards powered by Spaced Repetition ensure concepts stick long after you’ve reviewed them, while topic-level progress tracking keeps your goals in sight. This is not just exam prep. It’s a complete, intelligent study system built to get you across the finish line with confidence.

Try Our CFA Level 1 Study Materials to Help You Pass the Exam
Leave nothing to chance. Master core concepts, practice with exam-style questions, and boost your confidence with UWorld’s proven CFA Level 1 study materials.

Best CFA Level 2 Prep Courses & Study Materials

Choosing the best CFA Level 2 prep course means prioritizing strategic items‑set practice and deeper analytics;exactly what UWorld delivers.

Level 2 is where most CFA candidates stumble; it’s not about knowing concepts anymore, but applying them. This stage introduces item sets, deeper valuation analysis, and more complex calculations under time pressure. Many fail not because they didn’t study, but because they didn’t practice strategically.

Top Priorities for Level 2 Prep

  • Mastering item sets (mini case studies)
  • Applying formulas in layered scenarios
  • Getting comfortable with CFAI-style MCQs

Best CFA Level 2 Study Materials Compared

Feature UWorld Kaplan Mark Meldrum AnalystPrep CFAI
CBT Interface Yes No
Limited
No Yes Yes
Explanation Depth Yes
Conceptual + Stepwise
Yes
Moderate
Yes No
Light
Yes
In-depth & Formal
Practice Tools Yes
Item Sets + Mocks + Drill
Yes
Checkpoint exams
Yes Yes
Basic Quizzes
Yes
Blue Box + Topic Tests
Visuals Yes
Strong
No
Minimal
No
Minimal
No
Low
No
None
Price Tier Yes
Affordable
Yes
High
Yes
Mid-tier
Yes
Budget
Yes
Free (with exam)
Summary Built for application-heavy, CFAI-style rigor Comprehensive, but UI and depth feel dated Lecture-heavy, ideal for theory-first learners Budget-friendly, lacks analytical explanations Authoritative, but not user-friendly

Why UWorld Wins for Level 2

Our Level 2 Practice QBank is built to match the exact CFA Institute format, immersing you in the item set and vignette-style questions that define this stage of the exam. Each question is paired with deep visual explanations that break down multi-layered concepts, making even the trickiest valuation models and ethics scenarios stick.

With topic filtering and adaptive analytics, you can zero in on areas like Equity, FRA, and Derivatives with surgical precision. Flashcards keep formulas and ethics rules at your fingertips, while CBT mock exams replicate the real computer-based testing experience and benchmark your performance.

Try Our CFA Level 2 Study Materials to Help You Pass the Exam
Leave nothing to chance. Master core concepts, practice with exam-style questions, and boost your confidence with UWorld’s proven CFA Level 2 study materials.

Best CFA Level 3 Prep Courses & Study Materials

At this advanced stage, the best CFA Level 3 prep course offers essay‑focused practice, structured response models, and smart feedback.

CFA Level 3 is a different beast; your thinking is tested, not just your memory. This level introduces essay-style (constructed response) questions and challenges you to tie together ethics, strategy, and portfolio theory in written form. Rushing into Level 3 without a strategy is a common trap.

Top Priorities for Level 3 Prep

  • Practicing essay (AM) responses with feedback models
  • Internalizing investment frameworks (IPS, behavioral finance, etc.)
  • Managing time under split exam format (essay + MCQ)

Best CFA Level 3 Study Materials Compared

Feature UWorld Kaplan Mark Meldrum AnalystPrep CFAI
CBT Interface Yes No
PDFs
No Yes Yes
Explanation Depth Yes
Visual + Constructive
Yes
Text-Heavy
Yes No
Surface-level
Yes
Authoritative, No guidance
Practice Tools Yes
Essay (CRQ) + QBank + Mocks
Yes
Checkpoint exams
Yes No
Few item sets and quizzes
Yes
Actual CRQs + Model answers
Visuals Yes
Strong
No
Minimal
No
Minimal
No
Low
No
None
Price Tier Yes
Affordable
No
High
Yes
Mid-tier
Yes
Budget
Yes
Free (with exam)
Summary Best for essay feedback + exam-style reasoning Good content, but limited essay interaction Ideal for structured self-study with deep AM coverage Lacks adequate CRQ prep for Level 3 demands Official source, no practice interface or feedback

Why UWorld Wins for Level 3

Level 3 success hinges on mastering the constructed response format, and that’s exactly where our program excels. You’ll start with guided essay models that demonstrate how to craft high-scoring answers, then build on that foundation with logic maps and strategy walkthroughs that break down even the most complex portfolio scenarios. 

To sharpen your judgment, our Ethics Booster modules work hand in hand with targeted Ethics + GIPS flashcards enriched with a behavioral finance focus. From there, you’ll put your skills to the test with graded essay-style mocks, using peer benchmarking to see how you stack up against other candidates. Finally, full CR + MCQ simulations replicate exam day conditions, while detailed analytics reveal exactly where you can make the biggest gains before test day.

Try Our CFA Level 3 Study Materials to Help You Pass the Exam
Leave nothing to chance. Master core concepts, practice with exam-style questions, and boost your confidence with UWorld’s proven CFA Level 3 study materials

Get Started with UWorld CFA® Prep Today

Choosing the best CFA® online course depends on your study style, career goals, and schedule. UWorld stands out as the #1 choice for Level 1, Level 2, and Level 3 candidates, offering a complete, flexible, and results-driven learning experience for:

Built for Every Type of CFA Candidate

No matter where you are in your CFA journey, our platform adapts to your needs and your pace.

  • First-Time Takers – Build confidence with clear explanations, realistic practice, and structured study plans that guide you from Day 1 to exam day.
  • Retakers – Zero in on weak areas using smart analytics and topic-level progress tracking for a more focused second attempt.
  • Self-Paced Learners – Take control of your prep with fully customizable schedules and study anywhere, anytime.
  • Busy Professionals – Access mobile-friendly tools designed to fit seamlessly around work and life commitments.

UWorld Matches Your Learning Style:

UWorld makes sure you learn in the way that works best for you—because one-size-fits-all doesn’t work for the CFA exam.

  • Visual Learners – Absorb concepts faster with diagrams, charts, and video-based explanations.
  • Auditory Learners – Learn from expert-led video lectures and MasterClass sessions featuring CFA charterholders like Peter Olinto.
  • Active Learners – Engage with interactive QBanks, flashcards, and targeted practice quizzes.
  • Self-Paced Learners – Maintain momentum with customizable study schedules and mobile-ready access.
  • Structured Learners – Follow a complete course roadmap with integrated mock exams and detailed analytics.

Trusted by 4M+ candidates worldwide, with a 94% first-attempt pass rate, UWorld is the prep solution candidates rely on to build confidence, master the curriculum, and achieve CFA® success.

Try Our CFA Prep to Help You Pass Every Exam Level
Master core concepts, practice with exam-style questions, and boost your confidence with UWorld’s proven CFA prep materials.

Hear From Our Past CFA Candidates

FAQs

UWorld CFA is the top choice for 2025, offering exam-level questions, detailed explanations, updated curriculum content, and powerful analytics to boost your prep. Kaplan Schweser, Mark Meldrum, and AnalystPrep are alternatives, but UWorld delivers the best all-round value.

UWorld CFA is ideal for working professionals thanks to its mobile-first design, offline access, and visual explanations. Its time-saving QBank, smart analytics, and customizable quizzes help busy candidates study efficiently and focus on weak areas. Check this page for more information about the best CFA exam course for working professionals.

For self-study students, UWorld offers a comprehensive and structured prep experience without needing live classes or hand-holding. The platform includes an exam-level QBank, built-in flashcards, detailed performance analytics, and a planner tool to guide progress. It’s perfect for candidates who prefer learning at their own pace while still staying aligned with CFA Institute standards.Check this page for more information about the best CFA exam prep for self study learners.

UWorld is unmatched for visual learners, offering diagram-rich answer explanations, logic maps, charts, and clean layouts that make complex CFA topics easy to understand. Unlike text-heavy courses like Kaplan, UWorld explains why answers are correct using intuitive visuals and step-by-step breakdowns. For visual learners who retain information better through structured visuals rather than long paragraphs, UWorld delivers a clear advantage. Check this page for more information about the best CFA exam prep for visual learners.

UWorld is the top choice for first-time CFA candidates, offering beginner-friendly tools, step-by-step explanations, and an easy-to-use platform. It helps new test takers stay focused, build confidence, and master core concepts without feeling overwhelmed. Check this page for more information about the best CFA prep for first-time candidates.

Yes. Unlike most of the study materials in the market, UWorld’s content is custom-built for each level. Level 2 focuses on application; Level 3 has essay-focused strategies.

Absolutely. UWorld provides 24/7 access, responsive customer support, and a global QBank trusted across time zones. Check this page for more information about the best CFA prep for International Students.

Kaplan leans on traditional textbooks and videos. UWorld uses active learning, smart analytics, and concise, visual-first explanations to simulate real exam conditions better.

UWorld’s interface closely mirrors the real CFA testing platform, offering full-length mocks, timed sessions, and custom practice quizzes.

Many candidates find UWorld sufficient for passing Levels 1 and 2. It’s ideal when paired with the official CFA curriculum for reference.

UWorld CFA is the top choice for 2025, offering exam-level questions, detailed explanations, updated curriculum content, and powerful analytics to boost your prep. Kaplan Schweser, Mark Meldrum, and AnalystPrep are alternatives, but UWorld delivers the best all-round value.

Read More

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References

  1. UWorld’s Level 1 questions felt closest to the actual CFA exam. Their explanations helped me understand, not just memorize.” – u/FinancePrepGuy https://www.reddit.com/r/CFA/comments/1007fey/any_thoughs_on_uworld_cfa_qbanks/
  2. Level 2 is where I realized most providers just repackage Level 1. UWorld was built for Level 2.” – u/QuantPathfinde https://www.reddit.com/r/CFA/comments/18or25r/best_qbank_for_lvl_ii 
  3. I passed Level 3 after switching to UWorld. Their constructed response practice made all the difference.” – u/EssayGrindr https://www.reddit.com/r/CFA/comments/1i5t36h/uworld_vs_mm_for_l3_i_need_reviews/
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