GMAT™ Exam
Select test center appointment | Scores valid for 5 Years | Multiple Attempts | Round 2 Closing Soon
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.
Also Check: CFA Level 1, 2 & 3 Registration Open - Apply Now
Latest: CFA complete guide
This Story also Contains
- CFA Level 2 Syllabus
- CFA level 2 subjects
- CFA Level 2 Exam Pattern
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.
Articles
Certifications By Top Providers
Direct Tax Laws and Practice
Via Tezpur University, Tezpur Digital Banking Business Model
Via State Bank of India Banking 101 A Guide for Beginners in the Banking Sector
Via EduBridge Management of Commercial Banking
Via Indian Institute of Technology Kharagpur Accounting with Tally ERP9
Via NIIT Taxes and Decision Making
Via Indiana University, Bloomington Explore Top Universities Across Globe
University of Essex, Colchester
Wivenhoe Park Colchester CO4 3SQUniversity College London, London
Gower Street, London, WC1E 6BTThe University of Edinburgh, Edinburgh
Old College, South Bridge, Edinburgh, Post Code EH8 9YLUniversity of Bristol, Bristol
Beacon House, Queens Road, Bristol, BS8 1QUUniversity of Delaware, Newark
Newark, DE 19716University of Nottingham, Nottingham
University Park, Nottingham NG7 2RDExams Required to Study in USA: GMAT, GRE, SAT, ACT, IELTS, PTE
9 min ⋆ Dec 19, 2024 06:12 AM ISTCountries Tightened Visa Rules for International Students in 2025
9 min ⋆ Dec 19, 2024 06:12 AM ISTPR in France for Indian and International Students 2025
11 min ⋆ Dec 19, 2024 05:12 AM ISTPR in USA for Indian Students in 2025
8 min ⋆ Dec 19, 2024 05:12 AM ISTCheapest and Affordable Universities in France for International Students in 2025
12 min ⋆ Dec 19, 2024 05:12 AM ISTStudy in Singapore for Indian Students in 2025
12 min ⋆ Dec 19, 2024 05:12 AM ISTPopular Courses and Specializations
Have a question related to CFA Exam ?
Explore Career Options (By Industry)
Budget Analyst
Budget analysis, in a nutshell, entails thoroughly analyzing the details of a financial budget. The budget analysis aims to better understand and manage revenue. Budget analysts assist in the achievement of financial targets, the preservation of profitability, and the pursuit of long-term growth for a business. Budget analysts generally have a bachelor's degree in accounting, finance, economics, or a closely related field. Knowledge of Financial Management is of prime importance in this career.
4 Jobs Available
Data Analyst
The invention of the database has given fresh breath to the people involved in the data analytics career path. Analysis refers to splitting up a whole into its individual components for individual analysis. Data analysis is a method through which raw data are processed and transformed into information that would be beneficial for user strategic thinking.
Data are collected and examined to respond to questions, evaluate hypotheses or contradict theories. It is a tool for analyzing, transforming, modeling, and arranging data with useful knowledge, to assist in decision-making and methods, encompassing various strategies, and is used in different fields of business, research, and social science.
3 Jobs Available
Underwriter
An underwrite plays crucial roles in the finance and insurance industry and works for mortgage, loan, and insurance companies. He or she analyses applications for insurance policies and assess the risk capacity to decide whether to approve application or reject. He or she assesses and evaluates the risk of another party for a fee in the form of commision or premium.
Underwriters have strong analytical skills and they understand the insurance principle to evaluate the health of potential clients. They collaborate with agents, brokers, and to their clients to collect information and explain the insurance product details. They work on all kinds of insurance like mortgage, health insurance, life insurance, automobile, and several other kinds of insurance.
3 Jobs Available
Finance Executive
Finance Executives manage money, overseeing a company's income, expenses, and investments. They monitor financial transactions, create and assess reports like cash flows, and strategies to enhance profit margins and reduce expenses. Their role is crucial for staying competitive and making wise market decisions in response to current dynamics.
Finance Executives establish strategic financial goals, objectives, and performance criteria. Strong accounting and analytical skills are fundamental to this role. While often working fixed hours, they may extend their work hours to meet deadlines. This career is well-suited for individuals with a keen understanding of finance, attention to detail, and the ability to navigate complex financial landscapes.
3 Jobs Available
Product Manager
A product manager is a professional who determines what a product should do and how it should look like. A product manager analyses customer needs and combines them with company goals to develop a product that satisfies everyone. He or she works in coordination with different departments like engineers, salespersons, and product designers to ensure everyone works towards achieving the company's goals.
A product manager develops strategies and plans to help the employees work towards a common goal that is to develop a product that the customers demand. He or she plays the role of the first point of contact in the organisation for anyone who needs to know about the product. Concerning larger programmes, they work with Technical Program Managers to deliver results.
3 Jobs Available
Operations Manager
Operations manager is tasked with supervising the financial and business experts involved in the production of goods and services. A career as operations manager needs to supervise many divisions and coordinate daily activities. The role of operations manager is to oversee and manage diverse activities which is part of a profession as an operations manager.
All levels of an organisation's operational activities are overseen by an operations manager. He or she is in charge of selecting candidates, imparting instruction, and managing quality control programmes. Operations managers also develop plans for process improvements to ensure that everyone finishes their work on schedule. He or she must regularly evaluate budgets, manage costs, and analyse data and statistics.
3 Jobs Available
Stock Analyst
A stock analyst is an individual who analyses and evaluates various stocks and securities in the financial market. He or she in the stock analyst career forecasts stock market results, normally with an emphasis on the securities that a company or firm invests in. He or she also prepares scientific reports on financial forecasts, predictions, and recommendations based on a stock's expected profit.
Individuals who enjoy learning and data processing, are good problem solvers, and have a strong work ethic will excel in the stock market analyst sector. Students can pursue a BBA (Bachelor of Business Administration), MBA (Master of Business Administration), M.Stat (Master of Statistics) to opt for a career in stock market analysis
2 Jobs Available
Researcher
A Researcher is a professional who is responsible for collecting data and information by reviewing the literature and conducting experiments and surveys. He or she uses various methodological processes to provide accurate data and information that is utilised by academicians and other industry professionals. Here, we will discuss what is a researcher, the researcher's salary, types of researchers.
2 Jobs Available
Welding Engineer
Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues.
5 Jobs Available
QA Manager
A Quality Assurance (QA) Manager, synonymous with a Quality Assurance Manager, holds a pivotal role in ensuring products meet predefined standards. Responsible for planning, directing, and formulating control policies, the QA Manager safeguards company efficiency and profitability. By scrutinizing products for flaws and ensuring compliance with internal and external requirements, they uphold quality, validating the effectiveness of quality assurance teams in maintaining high standards before product release.
4 Jobs Available
Quality Controller
A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product.
A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.
3 Jobs Available
Production Manager
A Production Manager oversees manufacturing processes, ensuring timely and budgeted delivery of products. Responsible for safe, cost-effective production meeting quality standards, their role adapts to the production system. Also known as an Operations Manager, they manage human and material resources, contributing to efficient production and service delivery.
3 Jobs Available
Product Manager
A product manager is a professional who determines what a product should do and how it should look like. A product manager analyses customer needs and combines them with company goals to develop a product that satisfies everyone. He or she works in coordination with different departments like engineers, salespersons, and product designers to ensure everyone works towards achieving the company's goals.
A product manager develops strategies and plans to help the employees work towards a common goal that is to develop a product that the customers demand. He or she plays the role of the first point of contact in the organisation for anyone who needs to know about the product. Concerning larger programmes, they work with Technical Program Managers to deliver results.
3 Jobs Available
QA Lead
A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans.
2 Jobs Available
Structural Engineer
A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software.
2 Jobs Available
Process Development Engineer
The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.
2 Jobs Available
Applications for Admissions are open.
GMAT™ Exam
ApplySelect test center appointment | Scores valid for 5 Years | Multiple Attempts | Round 2 Closing Soon
Symbiosis Online Programs
ApplyOnline PG programs from Symbiosis Centre for Distance Learning
Chitkara University Online MBA
ApplyApply for Online MBA from Chitkara University
Alliance University M.Com Admissions 2025
ApplyHighest CTC 60.1 LPA | 800+ Recruitment Partners
Amity University | M.Com Admissions 2025
ApplyRanked amongst top 3% universities globally (QS Rankings)
Chandigarh University Admissions 2025
ApplyRanked #1 Among all Private Indian Universities In QS Asia Rankings 2025 | Scholarships worth 210 CR
News and Notifications
December 06, 2024 - 07:17 PM IST
June 21, 2024 - 12:41 PM IST
June 06, 2024 - 11:20 AM IST
May 09, 2024 - 10:17 AM IST
April 16, 2024 - 08:26 PM IST
October 04, 2023 - 06:11 PM IST
February 14, 2023 - 12:39 PM IST
Stay up-to date with CFA Exam News
Back to top