CFA-level 2

Exam Structure and Timing 

The Level II exam has a total of 21 item set questions:

  • Morning session: 10 item set questions
  • Afternoon session: 11 item set questions

On the Level II exam, you will have a total of 120 items (18 vignettes with 6 items each and 3 vignettes with 4 items each, for a total of 21 vignettes) compared to 240 multiple choice items on the level I exam.

Item Set Format 

Item set are something called “mini-cases.” Each item set on the CFA® exam consists of a vignette (or cases statement) and either four or six multiple choice items (questions).

The length of a vignette ranges from about 1 page to 2.5 pages. The average length of the vignettes on the exam is about 1.5 pages. The longer vignettes are those that include several tables of information, such as for a financial statement analysis, statistics, or fixed-income item set. 

About Finominal Education Training Course

Finominal Education CFA Level 2 course section details are as per below

S. No.                              Modules                                                           Class hours

1.                                     Ethical & Professional Standards                   14

2.                                     Quantitative Methods.                                      16

3.                                     Economics                                                          12

4.                                     Financial Reporting & Analysis                        24

5.                                     Corporate Finance                                             14

6.                                     Equity Investment/ Valuation                           20

7.                                     Fixed Income                                                       16

8.                                     Derivatives                                                           14

9.                                     Alternative Investments                                     12

10.                                   Portfolio Management & Wealth Planning     18

11.                                   Video Classes                                                    100

                                         Total Hours                                                        260


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