Important Dates

  • Registration Opens: Nov 10, 2025
  • Registration Closes: May 5, 2026
  • Exam Dates: Aug 24 - 28, 2026

Results are provided 6-8 weeks after exam

Exam Format

  • 88 multiple choice questions
  • Evenly divided into 2 sessions
  • Approx. 132 minutes per session
  • Computer-based testing

Enrollment Information

Question Format

  • Each question will have up to 3 answer choices to select from

Quantitative Methods

5% - 10%
Examine linear regression with independent variables and time-series analysis. Explore machine learning techniques and their application. Discuss big data projects.

We Prepare You With Over

  • 29,500+ Words in manuals
  • 240+ Minutes of video
  • 40+ Assignments questions
  • 135+ Quiz and Exam questions

Economics

5% - 10%
A discussion of currency exchange rates. Explore international parity conditions and the carry trade. Consider direct/indirect exchange rate influencers; theories of economic growth and its relationship to investment returns; and economic regulations.

We Prepare You With Over

  • 16,000+ Words in manuals
  • 170+ Minutes of video
  • 20+ Assignments questions
  • 90+ Quiz and Exam questions

Financial Statement Analysis

10% - 15%
A discussion of financial reporting and analysis for company investments, post-employment benefits, and foreign currency transactions. Learn to evaluate financial institutions and financial reports. Conclude with case studies and financial statement modeling.

We Prepare You With Over

  • 30,800+ Words in manuals
  • 280+ Minutes of video
  • 50+ Assignments questions
  • 230+ Quiz and Exam questions

Corporate Issuers

5% - 10%
Discuss dividend and share repurchases policies. Discuss ESG considerations in investment analysis as well as mergers and acquisitions. Learn to estimate the cost of capital. Conclude with the corporate restructuring process.

We Prepare You With Over

  • 19,800+ Words in manuals
  • 145+ Minutes of video
  • 20+ Assignments questions
  • 50+ Quiz and Exam questions

Equity Valuation

10% - 15%
A discussion of value and equity valuation techniques, covering key return measures. Learn to forecast model inputs and consider discounted cash flow valuation models, focused on the dividend discount model. Conclude with private company valuation.

We Prepare You With Over

  • 29,200+ Words in manuals
  • 285+ Minutes of video
  • 45+ Assignments questions
  • 180+ Quiz and Exam questions

Fixed Income

10% - 15%
An introduction to the yield curve and an arbitrage-free framework for valuing bonds. Use the binomial valuation method for bonds with embedded options, consider credit analysis models, and conclude by discussing credit default swaps.

We Prepare You With Over

  • 26,700+ Words in manuals
  • 280+ Minutes of video
  • 40+ Assignments questions
  • 180+ Quiz and Exam questions

Derivatives

5% - 10%
An introduction to valuation concepts and models for forward commitments (forwards, futures, swaps) and contingent claims (options). Discuss option Greeks, which measure sensitivity to a change in valuation inputs. Conclude with option strategies.

We Prepare You With Over

  • 14,300+ Words in manuals
  • 165+ Minutes of video
  • 15+ Assignments questions
  • 55+ Quiz and Exam questions

Alternative Investments

5% - 10%
An examination of commodities and commodity derivatives. Explore the methods for analysis and evaluation of real estate investments, as well as hedge fund strategies.

We Prepare You With Over

  • 23,700+ Words in manuals
  • 180+ Minutes of video
  • 30+ Assignments questions
  • 80+ Quiz and Exam questions

Portfolio Management

10% - 15%
A discussion of portfolio management, multifactor models, value at risk, and risk measurement and management. Analyze active portfolio management. Consider ties between the economy and financial markets. Conclude with algorithmic and high-frequency trading.

We Prepare You With Over

  • 23,800+ Words in manuals
  • 250+ Minutes of video
  • 45+ Assignments questions
  • 135+ Quiz and Exam questions

Ethical and Professional Standards

10% - 15%
An exploration of ethics in the investment profession. Through case studies, we illustrate practical application of the Code of Ethics and Standards of Professional Conduct. Conclude with real-world violations with resulting regulatory actions.

We Prepare You With Over

  • 17,300+ Words in manuals
  • 190+ Minutes of video
  • 5+ Assignments questions
  • 50+ Quiz and Exam questions

How Do I Pass the CFA Level II Exam?

Passing the CFA Level II exam requires a deep understanding of complex investment concepts, rigorous study, and a lot of practice. Focus on mastering the curriculum, especially areas you find challenging, and make use of CFA Level 2 mock exams to familiarize yourself with the test format.

How Does the Level II Complete Access Work?

The Level II Complete Access provides comprehensive resources for exam preparation, including CFA Level 2 practice exams. It includes study materials, practice questions, mock exams, and access to instructors for guidance. You can study at your own pace, with resources available online 24/7, and take mock exams for CFA Level 2.

What Is the Significance of Item Sets in Level II?

Item sets, or mini cases, are significant in Level II, as they test your ability to apply learned concepts to real-world scenarios. Each item set consists of a vignette followed by multiple-choice questions, requiring you to analyze and interpret the provided information.

Explain CFA Level II Structure with Item Sets and Vignettes.

The CFA Level II exam is divided into morning and afternoon sessions, each consisting of item sets. Each item set includes a vignette and six multiple-choice questions. The vignettes provide information that you will need to answer the questions, testing your ability to apply investment concepts in practical scenarios.