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This is the second of three exams offered by the CFA Institute (formerly the Association for Investment Management and Research (AIMR)). This exam (in addition to other requirements) must be passed for an individual to become a CFA chartholder. The CFA Program is a globally recognized standard for measuring the competence and integrity of financial analysts. Level II deals mainly with asset valuation. You must be able to apply the tools and concepts emphasized in Level I to analyze and value investments, and should also have a thorough understanding of capital market theory and industry and company analysis.
| Time Limit: |
6 Hours |
| Passing Score: |
Determined each year by the CFA Institute. |
| Passing Rates: |
As of August 2004, 32% passed Level II. |
| Format: |
Multiple Choice |
| Prerequisites: |
Passing grade on CFA Level I exam, and a U.S. Bachelor's degree or equivalent. |
| Corequisites: |
Three years of qualifying work experience must be obtained. |
| Exam Date(s): |
June |
| Exam Results: |
Usually provided within 90 days. |
| Official Exam Website: |
CFAInstitute.org |
(Click Here for CFA Level I
and III exam
information)
The multiple choice portion of the Level II exam consists of item-set type questions. For these item sets, a series of six multiple choice questions are asked on a short case.
To register for the exam, see AIMR's Registration and Enrollment form.
1. When must the required three years of qualifying
work experience be completed in order to become a CFA
chartholder? View Answer
2. Is there any difference between a Chartered Financial
Analyst and a Certified Financial Analyst? View Answer
3. I am interested in pursing the CFA charter, but I
do not have a degree in business... View Answer
CFAInstitute.org:
CFA Program - The official site for the CFA
program at the CFA Institute website. Includes everything
you need to know about achieving the certification.
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