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
Ethical and Professional Standards
Financial Reporting and Analysis
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?
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?
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?
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?
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?
No, part-time jobs are not accepted as work experience.