The CFA Level 2 exam is a crucial step in achieving the Chartered Financial Analyst (CFA) designation. This exam tests your ability to apply financial concepts in real-world scenarios, making it more complex than CFA Level 1. If you are wondering what is CFA Level 2, this guide covers the CFA Level 2 syllabus, CFA Level 2 fees, CFA Level 2 exam dates, best CFA Level 2 books, and the best CFA Level 2 coaching in India.
Also Read: CFA Level 1: Tips and Tricks to Crack the First Exam
For the best CFA coaching, we highly recommend Deepak Goyal Sir, a top mentor in CFA & FRM coaching with over 10 years of experience, offering training at RBei Classes. His expertise has helped students across India, Dubai, USA, London, and Singapore excel in their CFA exams.
CFA Level 2 Syllabus
The CFA Level 2 syllabus consists of 10 topics, focusing on asset valuation and financial reporting. The key subjects include:
|
Subject |
Weight (%) |
Key Topics |
|
Ethical and Professional Standards |
10-15% |
Ethics, Professionalism, GIPS Standards |
|
Quantitative Methods |
5-10% |
Regression Analysis, Time-Series Analysis |
|
Economics |
5-10% |
Micro & Macro Economics, Economic Growth, Policy |
|
Financial Reporting and Analysis |
10-15% |
Financial Statement Analysis, Earnings Quality 
Deepak Goyal CFA & FRMFounder & CEO of RBei Classes
|
|
Corporate Finance |
5-10% |
Capital Budgeting, Cost of Capital, Corporate Governance |
|
Equity Investments |
10-15% |
Valuation Techniques, Equity Market Analysis |
|
Fixed Income |
10-15% |
Bond Valuation, Credit Risk, Yield Curves |
|
Derivatives |
5-10% |
Futures, Options, Swaps, Hedging Strategies |
|
Alternative Investments |
5-10% |
Real Estate, Private Equity, Hedge Funds |
|
Portfolio Management & Wealth Planning |
10-15% |
Risk Management, Investment Strategies |
CFA Level 2 Fees
The CFA Level 2 exam fees depend on when you register. The fee structure is:
| Registration Type | Fee (USD) | Fee (INR Approx.) |
|---|---|---|
| Early Registration | $940 | ₹78,000 |
| Standard Registration | $1,250 | ₹1,04,000 |
| One-time Enrollment (first-time candidates) | $350 | — |
Note: CFA Institute updates the fees periodically, so visit their official website for the latest details.
CFA Level 2 Exam Dates
The CFA Level 2 exam dates are available in multiple testing windows throughout the year. Exams are conducted in May, August, and November. Candidates should check the CFA Institute website for the most updated schedule.
Best Books for CFA Level 2 Preparation
Choosing the right CFA Level 2 books is essential for effective preparation. Here are some of the best study materials:
- CFA Institute Official Curriculum – The most comprehensive guide.
- Kaplan Schweser Notes – Simplified summaries with practice questions.
- Wiley CFA Study Guide – Detailed explanations and case studies.
- IFT Study Notes – Concept-based notes with videos.
Additionally, Deepak Goyal Sir provides exclusive CFA Level 2 study material at RBei Classes, which includes concise notes, formula sheets, and mock tests for high-scoring strategies.
How to Prepare for CFA Level 2 Exam?
1. Enroll in the Best CFA Coaching – RBei Classes
If you want the best CFA Level 2 coaching in India, join RBei Classes, where Deepak Goyal Sir provides structured and exam-focused training. His coaching is available for students in Mumbai, Delhi, Bangalore, Dubai, USA, and Singapore.
2. Follow a Structured Study Plan
- Allocate 400-500 hours of study time.
- Study 3-4 hours daily with a focus on practice questions.
- Revise key formulas, concepts, and CFA ethics guidelines regularly.
3. Practice CFA Level 2 Mock Tests
- Attempt 5-7 full-length CFA Level 2 mock exams before the test date.
- Analyze mistakes and improve weak topics.
- Use the CFA question bank for extra practice.
4. Focus on Item-Set Questions
- CFA Level 2 is based on vignette-style questions.
- Improve reading comprehension and time management.
- Solve topic-wise practice questions after every study session.
5. Master Financial Statement Analysis and Valuation
- Practice DCF, Relative Valuation, and Free Cash Flow models.
- Strengthen IFRS and GAAP-based accounting concepts.
- Understand how different valuation methods apply in real-world scenarios.
Why Choose RBei Classes for CFA Level 2 Coaching?
If you are looking for top CFA Level 2 coaching in India, Dubai, USA, and beyond, RBei Classes is your best option. Here’s why:
- Learn from Deepak Goyal Sir, one of the best CFA & FRM mentors.
- Access live and recorded CFA classes for flexible learning.
- Get comprehensive CFA study material and formula sheets.
- Solve thousands of CFA practice questions and mock tests.
- Receive personalized guidance and doubt-clearing sessions.
Final Thoughts: Ace CFA Level 2 with Expert Guidance
The CFA Level 2 exam is challenging, but with structured preparation, expert coaching, and practice, you can clear it successfully.
Key Takeaways:
- Understand the CFA Level 2 syllabus and focus on high-weightage topics.
- Follow a structured CFA Level 2 study plan and practice consistently.
- Choose the best CFA Level 2 books for effective learning.
- Take mock exams, analyze weak areas, and improve exam strategy.
- Join RBei Classes for expert CFA coaching by Deepak Goyal Sir.
Are you preparing for CFA Level 2? Share your doubts or study strategies in the comments below!
For expert CFA coaching, visit RBeiset.com today!
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Frequently Asked Questions
Q1. What is the CFA Level 2 exam duration?
The CFA Level 2 exam duration is approximately 4 hours and 24 minutes, split into two sessions with an optional break in between.
Q2. How many hours should I study for CFA Level 2?
On average, candidates should dedicate 400–500 study hours for CFA Level 2 preparation. A consistent study schedule of 3–4 hours daily is recommended.
Q3. How difficult is CFA Level 2 compared to CFA Level 1?
CFA Level 2 is more challenging as it focuses on application of financial concepts through vignette-style (item set) questions, requiring deeper understanding and analytical skills.
Q4. What is the pass rate for CFA Level 2?
The pass rate for CFA Level 2 varies each year but usually ranges between 40% to 50% globally.
Q5. Which books are best for CFA Level 2 preparation?
The CFA Institute Curriculum, Kaplan Schweser Notes, Wiley CFA Study Guide, and IFT Notes are among the most recommended resources for CFA Level 2.
