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CFA Level 2 Syllabus & Subjects 2024 - Pattern, Important Topics
Edited By Prashita Mishra | Updated on Dec 21, 2023 05:17 PM IST | #CFA Exam
The Chartered Financial Analyst Institute provides information about the CFA Level 2 syllabus on its official website. Candidates preparing for CFA Level 2 should check the detailed CFA Level 2 subject-wise syllabus before commencing their preparation. CFA level 2 syllabus 2024 provides complete details about the topics and sub-topics covered in the paper.
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As per the syllabus of CFA level 2 exam 2024, there are 11 item sets for each session, a total of 22 for the full exam. The difficulty level will be on the higher side, compared to the CFA Level 1 exam. Read the complete article to have in depth knowledge about the CFA Level 2 syllabus pdf.
CFA Level 2 Syllabus
While formulating a study plan of CFA level 2 exam, candidates should first familiarize themselves with syllabus. This will help them not only in understanding the topics and sub-topics covered but also the weight that each topic holds.
The CFA level 2 syllabus is similar to the 10 core topics as in Level 1. However, the level of difficulty increases and the focus is more on the calculations and analytical aspects. The CFA Institute provides many learning resources to registered candidates which includes the official CFA Level 2 curriculum as well. Other study materials include study sessions for each level, custom study plans, mock exams and preparation tips. The Institute does not charge any additional CFA fee for providing CFA level 2 curriculum. Candidates only have to log in to their account and look for candidate resources section.
Check out the core CFA level 2 curriculum topics along with the weightage that each topic holds and the purpose of including the topics.
CFA Level 2 Curriculum 2024 PDF
| CFA Level 2 Subjects | Topics | Aim of Study | Weight % |
|---|---|---|---|
Ethical and Professional Standards |
|
| 10–15% |
Financial Statement Analysis |
|
| 10-15% |
Equity Investments |
|
| 10-15% |
Fixed Income |
|
| 10-15% |
Corporate Issuers/ Finance |
|
| 5-10% |
Quantitative Methods |
| Exploring about quantitative concepts and techniques used in financial analysis; investment decision making | 5-10% |
Economics |
|
| 5-10% |
Portfolio Management and Wealth Planning |
| Learn about the fundamentals of risk and portfolio management | 10-15% |
Derivatives |
|
| 5-10% |
Alternative Investments |
| Know about edge funds, commodities, private equity, real estate, and infrastructure | 5-10% |
CFA level 2 subjects
Subjects in CFA Level 2 | Weight % |
|---|---|
Ethical and Professional Standards | 10–15% |
Financial Statement Analysis | 10-15% |
Equity Investments | 10-15% |
Fixed Income | 10-15% |
Corporate Issuers/ Finance | 5-10% |
Quantitative Methods | 5-10% |
Economics | 5-10% |
Portfolio Management and Wealth Planning | 10-15% |
Derivatives | 5-10% |
Alternative Investments | 5-10% |
CFA Level 2 Exam Pattern
With the help of the exam pattern of CFA Level 2, candidates can understand the structure of the exam. Details like how many and what type of questions are asked, time allotted to solve the paper, marking scheme and related are included in the CFA level 2 exam pattern. By knowing these details, candidates can figure out their strengths and areas for improvement; thereby making a good study plan to secure good marks.
Since 2021 the CFA Level 2 exam is being held in online mode abandoning the earlier pen and paper mode. Candidates must ensure enough practise to get comfortable using the online infrastructure to attend the online exam.
Exam Pattern of CFA level 2
| Particulars | Details |
|---|---|
Format of questions | Vignette-supported multiple choice questions |
Total questions | 88 |
Time duration of CFA Level 2 exam | 4 hours and 24 minutes (divided in two equal sessions) |
Each session time | 2 hours and 12 minutes |
Medium of exam | English |
Marking scheme | 3 points for each question |
Negative marking | No |
CFA level 2 syllabus 2024 - Item Set Format
As per the official website of the CFA Institute, each item set asked in CFA level 2 exam will consist of vignette followed by either 4 / 6 multiple-choice questions. Candidates should answer the MCQs on the basis of information given in the vignette. Each item set vignette MCQ will begin with two things - a statement of the topic and total point value.
Practice CFA Level 2 Mock Test Free
CFA Level 2 Recommended Study Hours
CFA Level 2 has been designed to enable candidates to customize their preparations to suit their individual needs and circumstances. Candidates who cleared CFA Level 2 reported studying over 300 hours for the CFA Level 2 exam. Furthermore, about half of the candidates who cleared the CFA Level 3 exam cleared all three levels in their first attempts, while the other half took four exams to clear all three levels of CFA.
CFA Level 2 Syllabus 2024 - Data Points
- Around 97% of candidates agreed that the CFA Level 2 curriculum improved their understanding of the important topics of exam.
- Around 95% of candidates reported that the curriculum of CFA Level 2 accurately reflects current industry practices.
- Around 95% of candidates feel that the CFA Level 2 syllabus comprises of concepts and topics that are important to their profession.
- Around 84% of candidates say that the CFA Level 2 exam questions covered topics that are a matter of importance to investment professionals.
Frequently Asked Questions (FAQs)
1. How many questions will be asked in CFA level 2 exam?
Candidates have to solve 88 question in total. These will be divided into two session.
2. How many hours should I dedicate to prepare for CFA® level 2 exam?
As per the previous record, an average successful candidate spends around 300 hours to prepare for CFA level 2 exams.
3. Where can i check the official syllabus for CFA level 2 exam?
The official syllabus is available on the CFA Institute website.
4. Are the questions in the CFA Level 2 exam objective or descriptive?
The exam pattern of CFA Level 2 consists of objective type questions.
5. What is the hardest subject in CFA Level 2?
Some of the hardest topics in CFA Level 2 are Financial Statement Analysis, Portfolio Management, Ethics and Derivatives.
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