Exam overview
Requirements, fees, registration and results.
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- CFA Level II Master Guide 2026CFA Level II uses 22 short cases, each followed by four multiple-choice questions. These case-and-question groups are called item sets; the case text …
- CFA Level II item set formatCFA Level II has 22 vignette item sets and 88 multiple-choice questions. Each of the two 132-minute sessions contains 11 sets. Four questions share ea…
- CFA Level II registration and datesCFA Level II is offered in May, August, and November. November 2026 registration is closed, while May 2027 registration is open. Candidates register a…
- CFA Level II eligibilityCFA Level II eligibility requires a passing Level I result, satisfaction of CFA Program admission rules, and compliance with attempt limits. Undergrad…
- CFA Level II feesFor 2026 CFA Level II registrations, the fees are USD 1,140 for early registration and USD 1,490 for standard registration, a USD 350 difference. Fees…
- CFA Level II passing score and resultsCFA Institute reports Level II results as pass or fail, with topic feedback and an overall scale score compared with the Minimum Passing Score (MPS). …