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CFA Program Level II
Second CFA exam: applying valuation and analysis techniques to vignette-based case scenarios.
Courselo drafts the full syllabus, lessons and practice from the verified CFA Level II format in a few minutes.
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At a glance
- Set by
- CFA Institute
- Level
- Professional (graduate-level), second of three levels
- Region
- Global
- Programme
- Chartered Financial Analyst (CFA) Program
The format, as published
- 22 vignette-based item sets with 88 three-option multiple-choice questions (20 sets scored, 2 unscored trial sets), in two sessions of 2 hours 12 minutes (4 h 24 min total) with an optional break; computer-based at Prometric.
- Topic weights (2027 topic names; the 2026 curriculum uses Corporate Issuers, Equity Investments, Derivatives and Portfolio Management): Ethics 10–15%; Financial Statement Analysis, Equities, Fixed Income and Portfolio Construction 10–15% each; Quantitative Methods, Economics, Corporate Finance, Derivatives and Risk Management, Alternative Investments 5–10% each.
- Offered in May, August and November windows.
Summarised from official sources. Always confirm dates and rules with the exam board.Official information(opens in a new tab)