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CFA Level 2 Exam Pattern 2024 - Mode, Weightage, Passing Score
Edited By Marar Sumeet Sudarshan | Updated on Dec 22, 2023 05:34 PM IST | #CFA Exam
The Chartered Financial Analyst Institute provides details related to the CFA Level 2 exam pattern on its official website - cfainstitute.org. Before starting the preparation for CFA Level 2 exam 2024, candidates should check the CFA level 2 exam format and then formulate a study plan accordingly. CFA level 2 exams will be held from May 22 to May 26, 2024 for the upcoming May 2024 session.
Also Check: CFA Level 1, 2 & 3 Registration Open - Apply Now
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Complete details such as how the exam will be conducted, number of questions asked, overall time duration of CFA Level 2 exam, marking scheme etc., are mentioned under the CFA Level 2 exam pattern 2024. Read on to get complete information about the CFA Level 2 exam structure.
Related: Check CFA Level 2 Exam Dates for all upcoming sessions.
CFA Level 2 Exam Pattern 2024 - Overview
Those candidates who are registered for the CFA Level 2 exam for the upcoming May 2024 session can check the given table to have a better knowledge about the CFA level 2 2024 exam pattern. The, CFA Level 2 registration for May 2024 closed on February 6, 2024. Registration for August 2024 session is currently open.
Exam Pattern of CFA Level 2 2024
| Particulars | Details |
|---|---|
Frequency of the exam | Thrice -May, August and November |
Question format | Vignette-supported multiple choice questions |
No. of questions asked | 88 |
CFA Level 2 exam duration | 4 hours and 24 minutes (will be divided in two sessions) |
Sessions | 2 hours and 12 minutes (each) |
Medium of exam | English |
Marking scheme | Each question is worth 3 points |
CFA Level 2 Exam Pattern 2024
Along with the details related to the CFA Level 2 2024 exam pattern on its official website, The CFA Institute also provides assistance to candidates in their preparation. CFA level 2 tips and tricks are also available on the CFA website. The overall CFA Level 2 exam time is 4 hours and 24 minutes - which will be conducted in two sittings as shown in the table below. To qualify the CFA level 2 exam, it is mandatory for candidates to appear in both sittings. The CFA level 2 result 2024 will be based on both sessions. Candidates must be familiar with CFA level 2 subject weightage. The following table gives the CFA level 2 breakdown
CFA Level 2 exam schedule for both sessions
| Sitting | Time Duration | No. of questions | Topics Included |
|---|---|---|---|
Morning | 2 hours, 12 minutes | 11 Vignette-supported multiple choice questions |
|
Afternoon | 2 hours, 12 minutes | 11 Vignette-supported multiple choice questions |
|
Total | 4 hours and 24 minutes | 88 Vignette-supported multiple choice questions | - |
Basic Details related to CFA Level 2 Exam Pattern 2024
Each item set on the CFA level 2 exam 2024 will consist of a vignette followed by either four or six multiple-choice questions
Total of 88 questions will be asked; a total of 44 in each session
CFA Level 2 Syllabus 2024 (curriculum) will be randomly placed on the CFA level 2 exam
Click here to check some examples of CFA level 2 questions.
Topics Wise Weightage of CFA Level 2 Exam
The CFA level 2 exam syllabus remains the same and can be checked by candidates on the official website. The CFA Level 2 exam pattern 2024 covers the following 10 areas. Candidates should go through these topics and study accordingly.
CFA Level 2 Topic Weights
| Topics | Weight |
|---|---|
Ethical and Professional Standards | 10-15% |
Financial Statement Analysis | 10-15% |
Equity Investments | 10-15% |
Fixed Income | 10-15% |
Portfolio Management and Wealth Planning | 10-15% |
Corporate Issuers | 5-10% |
Quantitative Methods | 5-10% |
Economics | 5-10% |
Derivatives | 5-10% |
Alternative Investments | 5-10% |
CFA Level 2 Syllabus 2024
By having an insight of the CFA level 2 syllabus, candidates can learn about the topics and sub-topics covered in the exam. On the basis of this, strategies to qualify the exam can be made. Candidates can also appear for the CFA official mock tests or solve practice questions asked in CFA level 2 exam to evaluate their topic-level strengths and areas of improvement.
Frequently Asked Question (FAQs)
1. What is the mode of CFA Level 2 exam 2024?
As per the exam pattern, all CFA exams will be conducted in computer based mode.
2. Will there be any changes in the CFA Level 2 exam fee due to changes in the exam pattern?
No, exam fee of CFA level 2 will not change.
3. What is the time duration of CFA Level 2 exam?
The overall time duration of the CFA Level 2 exam is 4 hours 24 minutes. Candidates have to give the CFA Level 2 exam in two sittings of 2 hrs and 12 minutes each.
4. How many topic areas are there in the CFA Level 2 exam pattern 2024?
There are 10 topic area in the exam pattern of CFA Level II 2024.
5. How long is CFA level 2 exam
The CFA Level 2 exam is 4 hours 24 minutes long.
6. Is CFA level 2 multiple choice
The CFA Level 2 will consist of vignette supported multiple choice questions.
7. In CFA level 2 how many questions
There are a total of 88 questions
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