The CFA Level II is set to release the official notification for the 2025 recruitment cycle. This guide provides detailed insights into the expected schedule, eligibility criteria, application process, and preparation tips to assist aspirants in their journey.
1. 📅 Important Dates & Application Fee
Event Schedule:
| 🏆 Event | 📆 Date (DD/MM/YYYY) |
|---|---|
| Application Start Date | February 12, 2025 |
| Early Registration Deadline | August 2025 (Exact date TBA) |
| Standard Registration Deadline | October 2025 (Exact date TBA) |
| Exam Scheduling Deadline | October 2025 (Exact date TBA) |
| Exam Window | November 2025 (Exact dates TBA) |
Note: Exact dates for registration deadlines and exam windows will be updated on the CFA Institute’s official website.CFA Institute+4CFA Institute+4CFA Institute+4
Application Fee:
| 💵 Registration Type | 💰 Fee Amount (USD) |
|---|---|
| Early Registration | $900 |
| Standard Registration | $1,200 |
| Rescheduling Fee | $250 |
Payment Modes: Credit/Debit Card (Visa, MasterCard, American Express), Alipay, and offline payments via invoice.CFA Institute
2. 🎓 Eligibility Criteria
Educational Qualification:
| 🎓 Requirement | 📌 Details |
|---|---|
| Minimum Qualification | Bachelor’s degree or equivalent, or final-year student at the time of registration. |
| Professional Experience | Four years of professional work experience (does not have to be investment-related). |
Candidates must also have passed the CFA Level I exam to be eligible for Level II.
3. 📊 Exam Structure & Pattern
Exam Structure:
| 📝 Session | ⏳ Duration | 📋 Number of Questions |
|---|---|---|
| Session 1 | 2 hours 12 minutes | 11 item sets (vignettes) |
| Session 2 | 2 hours 12 minutes | 11 item sets (vignettes) |
Exam Pattern:
| 📋 Section | 🔢 No. of Item Sets | 🎯 Weightage (%) |
|---|---|---|
| Ethical and Professional Standards | 1-2 | 10-15 |
| Quantitative Methods | 1 | 5-10 |
| Economics | 1 | 5-10 |
| Financial Reporting and Analysis | 1 | 10-15 |
| Corporate Finance | 1 | 5-10 |
| Equity Investments | 3-4 | 10-15 |
| Fixed Income | 2-3 | 10-15 |
| Derivatives | 1-2 | 5-10 |
| Alternative Investments | 1 | 5-10 |
| Portfolio Management and Wealth Planning | 1-2 | 10-15 |
Each item set consists of a vignette followed by 4 multiple-choice questions.Careers360 Finance+2CFA Institute+2CFA Institute+2
Marking Scheme:
- ✅ Correct Answer: +1 point
- ❌ Incorrect Answer: 0 points (No negative marking)
4. 📝 How to Apply
Step-by-Step Process:
| 🏆 Step | 🔹 Action |
|---|---|
| 1 | Visit the CFA Institute’s official website. |
| 2 | Create an account or log in if you already have one. |
| 3 | Complete the registration form for the CFA Level II exam. |
| 4 | Pay the registration fee using the available payment methods. |
| 5 | Schedule your exam appointment by selecting a test center and date within the exam window. |
Ensure you schedule your exam before the scheduling deadline to secure your preferred test center.CFA Institute+2Shiksha+2Careers360 Finance+2
5. 📖 Preparation Tips
Study Plan & Strategy:
| 📅 Study Schedule | 📌 Plan |
|---|---|
| Daily Study Hours | 2-3 hours |
| Total Study Duration | Approximately 300-350 hours |
| Best Prep Providers | Kaplan Schweser, Wiley CFA, Bloomberg Exam Prep |
| CFA Institute Resources | CFA Institute’s Learning Ecosystem, including the official curriculum and practice questions. |
Practice Material:
| 📚 Type | 🔹 Details |
|---|---|
| Official Mock Exams | Available through the CFA Institute’s Learning Ecosystem. |
| Third-Party Mock Exams | Offered by prep providers like Kaplan Schweser and Wiley. |
Exam Day Tips:
- ✅ What to Bring: Valid international passport, exam admission ticket.Careers360 Finance
- 🚫 What to Avoid: Electronic devices (e.g., mobile phones, smartwatches), study materials, bags.GetMyUni
Arrive at the test center at least 30 minutes before the scheduled exam time.CFA Institute+1CFA Institute+1
6. 📞 Contact Information & Support
Helpline Details:
| 📌 Contact Type | 🔹 Information |
|---|---|
| 🌐 Official Website | https://www.cfainstitute.org/ |
| 📧 Email Support | info@cfainstitute.org |
| 📞 Helpline Number | +1 (800) 247-8132 (U.S.) / +1 (434) 951-5499 (International) |
Additional Resources:
- 🔗 FAQs & Support Forums: Available on the CFA Institute’s website.Careers360 Finance
- 📣 Social Media for Updates: Follow the CFA Institute on LinkedIn, Twitter, and Facebook for the latest news and updates.