CFA Level 2 Requirements 2021
CFA Level 2 Requirements 2021- The Chartered Financial Analyst® (CFA) Institute has updated the requirement of the CFA® level 2 exam on its official website. The basic CFA® Level 2 2021 exam requirement is to clear the CFA® Level 1 exam. Candidates must have a Bachelor’s degree as well to be eligible for CFA® exam Level 2. In terms of CFA® requirements in work experience, the candidates should have a minimum of 48 months of professional experience. A combination of Bachelor’s degree and 48 months of work experience also works to appear for the CFA® Level 2 2021 exam. Candidates also need to submit a professional conduct statement to become a CFA® institute member. To clear the CFA® Level 2 2021, the candidate needs to prepare for a minimum of 6 months. Check the complete article to know more details on the CFA® requirements for work experience, syllabus of CFA® level 2 and CFA® Level 2 2021 requirements to become a member of CFA® institute.
CFA® Level 2 2021 Eligibility Requirements-
The CFA® Level 2 2021 Eligibility Requirements are similar to the Level 1 Eligibility Requirements. The only difference is that the candidates can appear for the Level 1 exam in the final year but they should have completed their work experience or Bachelor’s degree before appearing for the CFA® level 2 exam. Some basic requirement of CFA® level 2 exam is given below:
Be proficient in the English language
Have a valid International passport
Pay registration fees for the exam
Submit a Professional Conduct Statement form
Complete a bachelor’s degree from a recognised college or university
Have 48 months of professional work experience
CFA® requirements work experience-
The basic work experience for the CFA® Level 2 exam is 48 months or 4 years of work experience preferably in investment. A candidate’s work experience can qualify for a CFA Program purposes if:
It is related to the investment decision-making process,
It adds value to a product or a process
Had a documented proof and professional references to back it up
CFA® Level 2 2021 Syllabus-
There are 10 core topic areas in the CFA® Level 2 2021 Syllabus. The topics are similar to the CFA® Level 1 2021 Syllabus but the difficulty level is higher. The topic-wise weightage and syllabus are given below:
Syllabus of CFA® level 2
Topic | Exam Weight |
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% |
How to become a member of the CFA® institute?
Once the candidates clear the CFA® Level 1 exam, they can become a regular member of the CFA® institute. The basic CFA® Level 2 2021 requirements to become a member of the institute are given below:
Apply to become a CFA Institute member
Activate the CFA Institute membership by paying an annual fee of USD 275.
The candidate must submit a Professional Conduct Statement.
The candidate also needs 2-3 professional references.
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Frequently Asked Question (FAQs) - CFA Level 2 Requirements 2021
Question: I am a final year student. Will I be eligible for the CFA Level 2 exam?
Answer:
No, you must have a bachelor’s degree for appearing in the CFA Level 2 exam.
Question: How many years of work experience do I need to sit for the CFA Level 2 exam?
Answer:
If you choose to register through the professional work experience path, then you must have a work experience of 48 months.
Question: Is it important to match the credentials with the entries on the current passport?
Answer:
Yes, the international passport is used for identification purposes by the CFA Institute. Hence, it is important to ensure that the registration details and passport details match.
Question: Is a professional conduct statement required while registering for a CFA exam?
Answer:
Yes, the candidates are required to sign a Professional Conduct Statement for booking an exam with the CFA Institute.
Question: Will part-time jobs be accepted as professional work experience for the CFA program?
Answer:
No, part-time jobs are not accepted as work experience.
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