CFA Level II - Study Packages
Level II expands on the fundamentals of Level I but goes deeper in terms of analysis and calculation.
Our upcoming Level II study packages will be comprehensive & consistent with our other offerings.
Level II Study Packages Arriving 2026
FAQ - Level II
| Topic | Weight | Functional Area |
|---|---|---|
| Quantitative Methods | 5 - 10% | Tools |
| Economics | 5 - 10% | |
| Financial Reporting & Analysis | 10 - 15% | |
| Corporate Issuers | 5 - 10% | Portfolio Management and Analysis |
| Portfolio Management | 10 - 15% | |
| Equity Valuation | 10 - 15% | Assets |
| Fixed Income | 10 - 15% | |
| Derivatives | 5 - 10% | |
| Alternative Investments | 5 - 10% | |
| Ethical and Professional Standards | 10 - 15% | Ethical and Professional Standards |
According to a recent survey conducted by the CFA Institute the average study hours of CFA Level II candidates was 328 hours.
The exam duration is 4 hours and 24 minutes, split into two equal 2 hour and 12 minutes sessions. There is an optional break between the sessions.
The exam contains 22 item sets that consist of vignettes (case type scenario) with 88 associated multiple-choice questions. The item sets are evenly split (11 each) between each session.
The topic coverage is randomly placed between either or both sessions.
The exam is conducted in english language only.
- May
- August
- November
For additional Level II exam dates see here or refer directly to the institute website: CFA Institute
The following outlines the registration deadlines for the scheduled upcoming CFA Level II exams:
| Exam Sitting | Registration Deadline | Exam Dates |
|---|---|---|
| May 2026 | Feb 12, 2026 | May 19 - 23, 2026 |
| Aug 2026 | TBD | Aug 25 - 29, 2026 |
| Nov 2026 | TBD | Nov 18 - 22, 2026 |
For additional Level II exam dates see here or refer directly to the institute website: CFA Institute
- Pass Level I CFA exam