Level II - Chartered Financial Analyst (CFA) - Exams in 2025

Level II - Chartered Financial Analyst (CFA) - Exams in 2025 udemy course free download

CFA Exam, CMA Exams, ACCA, Investment, ESG, Financial analyst, Financial Analysis, updated 2025

Level II - Chartered Financial Analyst (CFA)

CFA Level 2 exam builds on the foundation of Level 1, with a stronger focus on analyzing and applying the concepts learned. The Level 2 exams also consists of two sessions, each with 44 item-set style questions (multiple-choice) done in 2 hours 15 minutes.

CFA Level 2 candidates, Level 2 is a big step up from Level 1. There’s more stuff to study with more technical details to learn, making it quite challenging if you continue to apply the same strategy as Level 1.

• Item-set based multiple choice questions (MCQ), whereby questions in each item set must be answered based on the information in the vignette.

• Each item-set has 4-6 questions related to it. Each question is worth 3 points.

• Level 2 exam is 4 hours 24 minutes with 88 MCQ in item set format in total, split into 2 sessions:
  – 1st session (2 hours 12 min) has 44 item-set MCQ.
  – 2nd session (2 hours 12 min) also has 44 item-set MCQ.

CFA Level II exam curriculum & topic weights

Ethics                                                      10-15%

Quantitative Methods                          5-10%

Economics                                              5-10%

Financial Reporting & 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%