What is CFA Level 2?
The Chartered Financial Analyst (CFA) Level 2 exam is the second of three exams offered by the CFA Institute. It is designed to assess the ability of candidates to apply the knowledge they have learned in their CFA studies to real-world problems. The CFA Level 2 exam is a two-day exam that consists of 10 multiple-choice questions (MCQs) and two constructed-response (CR) questions. The MCQs are divided into two sections: the Core section and the Applied section. The Core section covers the core topics of the CFA curriculum, such as financial statement analysis, economics, and quantitative methods. The Applied section covers the more advanced topics of the CFA curriculum, such as portfolio management, corporate finance, and derivatives.
CFA Level 2 2023 Dates
The CFA Level 2 exam is held twice a year, in June and December. For the June 2023 CFA Level 2 exam, the registration period is from November 2021 to March 2022. The exam will be held on June 18 and 19, 2023. The December 2023 CFA Level 2 exam will be held on December 17 and 18. The registration period for the December 2023 CFA Level 2 exam is from May 2022 to September 2022.
Exam Format & Structure
The CFA Level 2 exam consists of two parts: the Core section and the Applied section. The Core section is composed of 60 multiple-choice questions (MCQs) and the Applied section is composed of 40 MCQs. The questions are divided into two sub-sections: the Written section and the Oral section. The Written section consists of 30 MCQs based on written materials, such as text and tables. The Oral section consists of 30 MCQs based on audio materials, such as lectures and conversations. The exam is three hours long and is scored on a scale of 0 to 100.
CFA Level 2 Syllabus
The CFA Level 2 exam covers the following topics:
• Financial Statement Analysis
• Economics
• Corporate Finance
• Equity Investments
• Fixed Income
• Derivatives
• Alternative Investments
• Portfolio Management
• Ethical and Professional Standards
The CFA Level 2 exam also covers the CFA Institute's Code of Ethics and Standards of Professional Conduct. The exam is designed to assess the candidate's ability to apply their knowledge of the CFA Institute's curriculum to real-world scenarios.
Exam Preparation
The CFA Level 2 exam is a challenging and demanding exam that requires extensive preparation. The CFA Institute provides a range of resources and materials to help candidates prepare for the exam, including study guides, practice tests, and online courses. Candidates should plan to dedicate at least 300 hours of study and practice for the exam. It is also important to keep up with current industry news and trends in order to stay up to date with the material covered on the exam.
Exam Fees & Deadlines
The exam fee for the CFA Level 2 exam is $850. Candidates must register for the exam before the registration deadline. The registration deadlines for the June 2023 CFA Level 2 exam are:
• November 2021 to March 2022
• May 2022 to September 2022 (for the December 2023 exam)
Candidates who register after the registration deadline may be subject to additional fees.
Conclusion
The CFA Level 2 exam is a challenging and demanding exam that requires extensive preparation. Candidates should plan to dedicate at least 300 hours of study and practice for the exam. The exam fee for the CFA Level 2 exam is $850, and candidates must register for the exam before the registration deadline. The June 2023 CFA Level 2 exam will be held on June 18 and 19, 2023, and the December 2023 CFA Level 2 exam will be held on December 17 and 18. The CFA Institute provides a range of resources and materials to help candidates prepare for the exam.