CFA Level 2 Requirements 2025 - Eligibility, Work Experience, Fees

CFA Level 2 Requirements 2025 - Eligibility, Work Experience, Fees

Edited By Mirza Farhan Baig | Updated on Jan 15, 2025 05:18 PM IST | #CFA Exam
Ongoing Event
CFA Exam  Application Date : 12 Feb' 2025 - 05 Aug' 2025

The Chartered Financial Analyst® (CFA) Institute prescribes the CFA level 2 requirements on its official website - cfainstitute.org. The CFA level 2 eligibility criteria includes details related to the minimum working experience required and educational qualifications. Candidates should check the eligibility criteria of CFA Level 2 on the official website of the CFA Institute before doing CFA level 2 registration.

CFA Level 2 Requirements 2025 - Eligibility, Work Experience, Fees
CFA Level 2 Requirements 2025 - Eligibility, Work Experience, Fees

CFA Level 2 exams are held three times a year. Candidates who fulfil the CFA level 2 requirement can register for CFA level 2 August 2025 and November 2025 sessions, registrations for which are currently open. Read on to find out what are the CFA level 2 eligibility requirements in detail.

CFA Level 2 Eligibility Requirements

Given below are the CFA Level 2 eligibility criteria that can be checked by candidates.

Basic Eligibility Requirements

  • Candidates must be proficient in English - CFA exams are conducted only in English. Hence candidates must be proficient in English to read comprehension and provide answers of various complex financial scenarios.

  • Candidates must have a valid international travel passport - Those candidates who do not have a valid international travel passport will not be eligible to register/ sit for the CFA level 2 exam.

  • Candidates have to submit a “Professional Conduct Statement Form” - It is mandatory for all candidates to attest this form that they are in compliance with the requirements.

  • Bachelor’s Degree - Candidates must have a Bachelor’s degree from a recognized college/ university

  • Undergraduate candidates are also eligible but they must be within 11 months of graduation to sit for Level II exam.

CFA Work Experience Requirement

Candidates registering for the CFA Level 2 exam must have a combination of 4000 hours of work experience and/ or higher education. Dates of professional work experience and education should not be overlapping.

Professional work experience does not need to be investment-related. The CFA Institute also considers internships/ article ships/ family business, if they are paid.

Note - The CFA institute may ask the candidate to submit proof of education (mark sheet/related documents) and/or work experience details (salary slip/ letter of employment/ related) at any stage. Failure to provide the requested documents may consequently lead to cancellation of a current exam registration/ withholding of exam results/ investigation and disciplinary action by the CFA Institute.

The work experience will be considered qualified if-

  • It adds value to a process/product

  • Candidates must have a documented proof

  • Professional references for a backup are also important

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Quick Link- CFA Level 2 Exam Pattern

CFA Level 2 Registration 2025

After checking the eligibility requirements set by the CFA Institute, candidates can proceed to register for the CFA level 2 exams. The CFA Institute accepts applications for the CFA level 2 exam throughout the year. However, candidates must keep in mind the registration cutoff dates before filling the application form.

The CFA level 2 registration for May 2025 is open till February 6, 2025 while the CFA level 2 August 2025 registration is open till May 6, 2025. Candidates can register in online mode from the official website.

Frequently Asked Questions (FAQs)

1. I am in my final year of graduation. Can I register for CFA level 2 exams?

As per the eligibility criteria, candidates must be within 11 months of completing their graduation degree to be eligible for CFA level 2.

2. Is it mandatory to have a professional conduct statement while registering for a CFA exam?

Yes, the CFA Institute mandates all candidates to submit the form before registration.

3. Is it important to submit my college degree or result while registering for CFA level 2 exams?

No, the CFA Institute does not ask for the proof at the time of registration. However, at later stages it may request proof of education.

4. Do you need work experience for CFA level 2

No. Only the CFA Level 3 eligibility criteria prescribes a work experience of 4000 hours to be accrued by the candidate to sit for level 3 exam..

5. When can i give CFA level 2

One can give CFA level 2 after one has completed completed CFA level 1 and is within 11 months of attaining the graduation degree.

6. Can you register for CFA level 2 without passing level 1

No. One has to clear CFA level 1 in order to register for CFA Level 2.

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