CFA level 2 exam-

CFA course-

CFA Institute offers CFA (Chartered Financial Analyst) post graduate program. The CFA certification is known to be one of the highest distinctions in the field of finance and investment. The gold standard in finance industry is considered one of the most prestigious and reputed designations. The CFA institute accommodates more than 150,000 charter holders which are spread across 163 countries.

To become a CFA charter holder, one needs to clear all three levels of CFA examination.

CFA exam level 2-

The eligibility criteria to give CFA level 2 examination is clearing CFA level 1 exam.

Structure and duration-

The CFA level 2 exam includes set of questions in a multiple choice answer format. Earlier, offline exams were held. However, due to covid-19 situation, the exams would be conducted through online method i.e computer based. The online mode of examination has a duration of 4.5 hours, divided into two sessions with an additional break if required. There are 44 multiple choice items each in both sessions which implies there are total 88 questions. Each question is worth 3 points. The multiple exam questions are not free standing like the way it was in CFA level 1 exam. Here, multiple choice answers should be given based on the information in the vignette.

Preparatory time required-

One of the key advantages of giving the CFA exam is that it provides ample time to the candidates for the preparation of the examination. A student can easily modify their preparatory time as per their own circumstances. As per average of CFA aspirants, the total time spent in studying for the CFA level 2 exam is 328 hours. Depending on an individual candidate’s capability and pace to complete the CFA level 2 exam preparation, every CFA candidate differs in their study time.

The CFA level 2 exam results are announced within 60 days post the examination.

CFA level 2 exam dates 2021

Below are the CFA level 2 exam dates 2021-

- 25 may-1 June

- 31 Aug- 4 September

- 26–30 November

CFA level 2 pass rates-

It has been seen the pass rates for CFA level 2 exams are fixed at around 45%, which is more than the CFA level 1 exam pass rate of 43%.

The CFA level 2 exam is scheduled to be conducted in 400 test center locations around the world. Candidates have the choice of selecting their test centre location as per their comfort.

Exam weightage of CFA level 2 syllabus 2021-

Ethical and professional standards- 10–15%

Quantitative methods- 5–10%

Economics- 5–10%

Financial Reporting and Analysis- 10–15%

Corporate finance- 5–10%

Equity Investments- 10–15%

Fixed Income- 10–15%

Derivatives- 5–10%

Alternative Investments- 5–10%

Portfolio Management- 10–15%

To know more about CFA level 2 examination, click here.