Level II CFA® Program Exam Prep

2022 CFA Exams

Later Study Stress

Most Level II CFA exam candidates would be satisfied with the status quo. You're not most candidates.

Say hello to Exam Success.

Featured Prep Options

Pass your Level II CFA exam – quick, no sweat.
Starting at CAD 79
Level II CFA Exam

Modular Courses

Focus Course
Starting at CAD 79

Level II CFA Exam

Review Courses

Power Review
CAD 399

Level II CFA Exam

Strategy Guides

Study Notes Set
CAD 249

Voted Best CFA Prep*

Scroll to shop our entire collection.

Study Packages

Cover all your Level II CFA exam bases. As captivating as in-person prep but on demand.

Most Comprehensive

Focus Course: Plus


Includes everything in:
10 Topic Modules
+ Power Review

+ Ask the Prof.

+ Success Guarantee


Most Flexible

Focus Course: Total


Includes everything in:
10 Topic Modules


Single-Topic Modules

Hone specific topics for your Level II CFA exam, on demand.

Most Targeted

Focus Course: Topic Modules


Get exactly the ones you want.
Choose between 10 Topic Modules,
on average 9 hours each.



Final Practice

Get a crunch-time content and
skills tune-up for your Level II
CFA exam, on demand.

Power Review Course



Instantly boost your score with a blast
of mini-mock-exam question practice
and assessment in the final stretch.



Summary Notes

Our ace-in-the-hole study manual
breaks down every topic tested
on the Level II CFA exam.

Study Notes Set



Conquer the concepts, skills and strategies
needed to pass with this printable quick-
reference CFA curriculum pocket guide.



1 on 1 Tutoring

Customized on-demand prep for
your Level II CFA exam. Enjoy
a class size of one.

Private Tutoring



Schedule personalized tutoring with
Prof. Brian Gordon, CFA, CFP, CIM,
MBA, FCSI.2-hour minimum.



Level II CFA Exam Dates

In 2021 CFA Institute transitioned the CFA exams to computer-based testing (CBT), offered in proctored test centers worldwide. In 2022, the remaining Level II CFA exam window is November.
For 2023, CFA Institute has announced three Level II CFA exam test windows:
May, August and November.

Level II CFA Exam Format

The Level II CFA exam is divided into two 135-minute (2-hour and 15 minute) sessions, with a 30-minute optional break in between. The CFA Level II exam consists of item sets comprised of vignettes with 88 accompanying multiple-choice questions.

Brian Teaching (57)

Level II CFA Exam

Prof. Brian Gordon


The Level II CFA exam (Analyst's exam), is considered to be the toughest of the three. This is due to the huge content volume relative to the number of exam questions, content complexity and new question format (Item Set). These added challenges call for a new game plan — and Exam Success delivers.

Exam Success' winning study solutions synthesize the material, cut the distractions and teach the topic knowledge and analytical skills you need to be able to "crack the Item Set code"...

Level II CFA Exam Top FAQ

You must register and enrol for the Level II exam directly with CFA Institute at: https://www.cfainstitute.org/en/programs/cfa/register.

Level II CFA exam registration prerequisite: Pass Level I CFA exam.
The amount it will cost you to sit for the Level II CFA exam depends on how early you register with CFA Institute.

CFA Institute offers two tiers of pricing: one for early registration and the other for standard registration.

You should check CFA Institute's website for the exact pricing.
As of 2023, CFA Institute the Level II exam is being offered 3 times per year. The exam windows are:
 May, August and November.
The 10 year average Level II CFA exam pass rate is 45%.
According to UK NARIC (the national agency, managed on behalf of the UK Government responsible for providing information, advice and opinion on vocational, academic and professional skills and qualifications from all over the world), the CFA exams have been benchmarked individually by Level under UK Regulated Qualifications Framework (RQF):

CFA Level II's difficulty is comparable to a Bachelor's degree (Level 6 qualification under RQF).

In other words, the Level II CFA exam is considered to be more difficult than the Level I CFA exam, both in content and format. While the names of the Level I and Level II topics are the same, the Level II content is much more in-depth, specialized and advanced than what is covered at Level I and there is much more memorization required: from spanning from formulas to calcuations to definitions and rules, and differences in accounting standards (GAAP vs IFRS).

The exam format at Level II is also a greater challenge. While the CFA Level I exam has short questions followed by three multiple choice answers, the CFA Level II exam questions are asked in the form of 1 to 2-page case studies (vignettes), each followed by 4–6 multiple-choice questions. These can take as much time as 5 minutes to read through and require great attention to detail and focus to ensure you can extract, synthesize, retain and apply all of the pertinent information required to answer the questions. For all these reasons, the Level II CFA exam is considered to be harder than Level I as well as the hardest exam of the three.

The topics and topic weights on the Level II exam are subject to change on a year-to-year basis.
Here are the latest topic weighting:

Exam Success
Topic Modules
CFA Institute
Core Curriculum Exam Topics
CFA Exam
1 Quantitative Methods 5-10%
2 Economics: Micro & Macro 5-10%
3 Financial Reporting & Analysis 10-15%
4 Corporate Finance (Corporate Issuers) 5-10%
5 Equity Investments 10-15%
6 Fixed Income 10-15%
7 Derivatives 5-10%
8 Alternative Investments 5-10%
9 Portfolio Management 10-15%
10 Ethical and Professional Standards 10-15%

More to Explore

Free Trial

Take a free test drive of our proven exam
prep for the Level II CFA exam.

More FAQ

See more Frequently Asked Questions
about the Level II CFA exam.

*2019 Top Choice Award Nominee in multiple categories. The Top Choice Award is an honour presented to businesses that receive the most customer satisfaction votes. Exam Success follows CFA Institute Prep Provider Guidelines. Required Disclaimer: CFA Institute does not endorse, promote or warrant the accuracy or quality of the products or services offered by Exam Success. CFA Institute, CFA® and Chartered Financial Analyst are trademarks owned by CFA Institute.


Considering the CFA Charter?

Becoming a CFA charterholder opens doors to career advancement in the investment profession around the world.


Liliana Patino
Frederic Bouvier
David Addo
Mark Davis
Ting Liu
Michael Tofilis
Oleg Ciabanu
Alex Suddard
Graeme McCallum
David W. Wishart
Shelley M.
Clayton Raymond
David Sugarman

"The lessons and materials are engaging, cut to the chase and make staying on track to pass so much easier."

"Your efficient, practical and strategic prep approach gave me the skills and direction I needed to reach the finish line."

"I passed thanks to your prep course and study material. I've recommended Exam Succcess to my colleagues."

"I passed! Your Queens MFIN CFA course helped me shape the areas I needed to focus on in the final stretch and was a HUGE help."

"You truly have a superior ability to explain complex material simply, clearly and succinctly. I highly recommend Exam Success."

"If it weren’t for you, I don’t think I'd have ever cleared this exam... I’m even thanking the guy who told me about you.

"I am finding your material to be much more effective than other providers'. Expect referrals from all of my CFA and CFP colleagues.

"Having written Level 1 twice before, I can confidently say I wouldn't have been able to do it without your classes."

"I'm certain that my chances of passing without your help would have been far less, or nil. I've been singing your praises..."

"Your intensive Level I, II, III review courses gave me the edge I needed to catch up on lost study time and pass all three CFA exams!"

"Would recommend it to others preparing for it. I'm glad I will have these resources to help me through the Capstone and FPE2 as well!"

"Your course was just what I needed to efficiently balance my CFA studies, career demands and family time!"

"If there were an Exam Prep Hall Of Fame, Prof. Brian Gordon would earn the #1 rank on it for best CFA exam prep teacher."

Email: info@examsuccess.ca
Phone: 416.843.4357, 1.800.558.9796