CFA Program Level II guide

Exam format, preparation and focused topic explanations.

Overview

Questions: 88
22 item sets; 20 scored and 2 trial sets
Time: 2 × 132 min
Exam time
Format: Multiple choice
Computer-based
Pass mark: Scaled MPS
The candidate receives a scale score compared with the Minimum Passing Score.

Requirements, fees, registration and results.

Preparation time and ways to assess readiness.

The syllabus and focused concept explainers.

Practical preparation and revision schedules.

Original questions and worked explanations.

Roles, qualifications and career considerations.

Relevant exams and preparation options.