Chartered Financial Analyst Level 2

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.

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Exam Details

Time Limit: 6 hours
Cost: Varies
Number of Questions: 20 item sets, 6 multiple choice questions for each set
Passing Score: Varies Anually
Passing Rates: As of June 2012, 42%
Format: Item Sets
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 and December
Exam Results: Usually provided within 90 days
Offical Exam Website:

Exam Topic Weights

Frequently Asked Questions

  • 1. When must the required three years of qualifying work experience be completed in order to become a CFA chartholder?
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  • 2. Is there any difference between a Chartered Financial Analyst and a Certified Financial Analyst?
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  • 3. I am interested in pursuing the CFA charter, but I do not have a degree in business...
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