What is Chartered Financial Analyst Level 2 (CFA Level 2) ?
The Chartered Financial Analyst Level 2 (CFA Level 2) is the second of three exams required to earn the CFA Charter. It builds upon the foundational knowledge tested in Level 1 and focuses on applying that knowledge to more complex financial analysis and valuation techniques. CFA Level 2 is known for being more application-oriented, testing candidates’ ability to analyze and interpret detailed financial data.
CFA Level 2 Courses
Why Choose Prime Video Lectures for CFA Level 2 Classes?
You will be guided by an exceptional team of finance experts who not only possess deep expertise in advanced financial analysis but are also passionate mentors. Their extensive experience and dynamic teaching methods make even the most complex CFA Level 2 concepts easy to understand, ensuring you master the curriculum with confidence and precision.
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Key Features Of Prime Video Lectures
Sanjay Saraf
Sanjay Saraf, a Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM) by profession, is a renowned educator and a key member of the expert faculty at Prime Video Lectures. Widely recognized across India for his deep understanding of finance, Sanjay brings his extensive expertise in areas such as financial theory, investment banking, industry leverage, and fund management to the platform.
With a CFA charter and a Master’s in Finance from ICFAI, Hyderabad, Sanjay has received numerous awards throughout his academic career. In 1998, he was awarded a merit certificate and a silver medal in Group Beta of the MS Finance program, excelling in quantitative methods and financial management. In 1999, he earned another merit certificate and a gold medal in Group Epsilon for achieving the highest scores in international finance.
Eligibility Criteria for CFA Level 2 Course
| Particular | Details |
| Name of the course | Chartered Financial Analyst Level 2 (CFA Level 2) |
| Exam Conducting Authority | CFA Institute |
| CFA eligibility details | The CFA Institute’s certification is recognized in over 160 countries throughout the world. A Chartered Financial Analyst can expect to earn between INR 3,50,000 and INR 35,00,000 per year after completing the course. Graduates of CFA programs are frequently hired in higher-level roles in the financial industry. Aspirants willing to pursue CFA must meet specific eligibility conditions beforehand. The space below mentions the CFA eligibility criteria in India.
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| CFA Level 2 papers | The CFA Level 2 exam consists of one paper. However, this single exam is divided into two sessions:
Topics and Structure
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| Type of questions | Multiple Choice Questions (MCQs) |
CFA Level 2 Exam Dates November 2024
The exact dates for the CFA Level 2 Exam in November 2024 have been officially announced.
- Exam Window: The CFA Level 2 exam for November 2024 is typically held within 20 – 24 November 2024
| Organization Name | CFA Institute |
| CFA official website | www.cfainstitute.org/ |
| CFA Level 2 Date 2024 | 20 – 24 November 2024 |
Frequently Asked Questions
Candidates for CFA Level 2 should have passed the CFA Level 1 test and hold a Bachelor’s degree from an accredited university or the equivalent. In addition to their academic credentials, candidates must possess at least four years of professional experience in the same field.
The CFA Level 2 exam covers a range of topics designed to deepen your understanding of investment management. Here are the main topics and their approximate weightings:
- Ethical and Professional Standards: 10-15%
- Quantitative Methods: 5-10%
- Economics: 5-10%
- Financial Reporting and Analysis: 10-15%
- Corporate Issuers: 5-10%
- Equity Valuation: 10-15%
- Fixed Income: 10-15%
- Derivatives: 5-10%
- Alternative Investments: 5-10%
- Portfolio Management: 10-15%12
Each topic is tested through item sets that include vignettes followed by multiple-choice questions. The exam is divided into two sessions, each lasting 2 hours and 12 minutes, with a total of 22 item sets.
CFA® Level 1 candidates on average earn ₹9.8 lacks. CFA® Level 2 candidates earn ₹13.5 lakhs, Level 3 candidates earn 17.5 lakhs and Level 3 cleared – charter pending candidates earn 20.7 lacks on average. Charterholders earn 44.4 lakh.
Each level of the CFA® course takes around 6-9 months of preparation & 4000 hours of working experience during or after the CFA course. All in all, it would take you around 2 years to become a charter holder. The good part is, you can start your CFA® preparation just after your 12th commerce exams. And the best part is that you can start earning just after CFA® level 1. That’s true, companies around the world offer candidates CFA® level 1 jobs.
Opting for CFA Level 2 can be a strategic move for several reasons:
- Deepens Investment Knowledge: The Level 2 curriculum dives deeper into complex financial concepts and investment tools, enhancing your analytical skills and understanding of asset valuation.
- Career Advancement: Successfully passing Level 2 can open doors to higher-level positions in finance, such as portfolio management, equity research, and investment banking. It demonstrates a strong commitment to the field and a high level of expertise.
- Global Recognition: The CFA designation is recognized worldwide, which can be particularly beneficial if you are looking to work in different countries or with international clients.
- Networking Opportunities: Being part of the CFA community gives you access to a global network of finance professionals, which can be invaluable for career growth and opportunities.
- Ethical Standards: The CFA program places a strong emphasis on ethics and professional standards, which can help you build a reputation for integrity and trustworthiness in the industry.
- Competitive Edge: In a competitive job market, having passed CFA Level 2 can set you apart from other candidates, showcasing your dedication and advanced knowledge.
