CFA® Level II Exam Prep

More insights. Clear direction. Better results.

Over the last 35+ years, we’ve mastered how candidates earn the CFA® charter and have designed a CFA Level II prep program that works. With classes led by the largest team of CFA instructors in the industry, concise study notes backed by learning science, and an online forum where you can engage with instructors and fellow candidates, Kaplan Schweser’s CFA Level II exam prep is the only choice for serious candidates.

 

CFA Level II Study Packages


 


CFA Level II Exam Prep


Exams in May, August, & November

 

CFA Level II Exam Detail 




More CFA Level II Resources

 



CFA Level II Study Packages

 

Designed for You to Pass

 

Shop CFA Level II Study Packages




More CFA Level II Study Materials

Maximize Your Chances of Success on the CFA®️ Exam with a Study Package from Kaplan Schweser


 

Shop Level II Packages

Proven Strategies for the 2025 CFA® Level II Study Cycle

Find no surprises on exam day. Research shows it takes more than 300 hours to properly prepare for the CFA Level II exam—partner with the provider who knows how to maximize every minute of your study time.

A Complete CFA Level II Study Plan

You don’t need to spend valuable time searching for CFA Level II study strategies. Over the last 35 years, we’ve mastered how candidates earn the charter and have designed a program that adapts to every learning style.

You’re in Control

You set your study dates. Our adaptive Activity Feed breaks down your 300 prep hours into bite-sized weekly tasks, while our Performance Tracker and Checkpoint Exams give you an in-depth analysis of where you stand. 

Don’t Disrupt Your Daily Routine

Maintain your life and still earn the CFA charter. With a wide range of print, online, and mobile study tools—as well as OnDemand instruction from expert CFA Level II instructors—you can seamlessly fit a study session into your daily routine.

A Partner You Can Trust

With an extensive global network of CFA charterholders and content experts, you’ll get the guidance you need to pass. More CFA candidates consider Kaplan Schweser to be the most respected and trusted prep provider.

CFA® Program Survey: Insights from Charterholders and Candidates

Kaplan Schweser conducted a study that provides a unique look into the experiences of CFA candidates and charterholders at different points in their journeys.

  • 95% of those who passed the CFA Level II exam used an exam prep provider to help them prepare
  • 90% of those who passed the CFA Level II exam and prepared with Kaplan Schweser believe that Schweser played a significant role in helping them pass
  • CFA candidates who were employed as financial professionals both the year before and year after passing the CFA Level II exam reported an average 9% earnings increase after passing their exam

Learn More

 

Average of 9% Earnings Increase:Earnings increases are dependent on numerous factors other than, or in addition to, passing the CFA® Level II exam, including specific employment conditions and individual experience. Kaplan Schweser does not guarantee any earnings increase resulting directly from such designation. Results are the findings of a quantitative survey conducted by Kaplan between May 2 and May 27, 2024. For this survey, a sample of 728 CFA Level I, II, and III candidates was interviewed online. The earnings increase was based on 64 CFA candidates who most recently passed the CFA Level II exam and were employed in a financial professional role both the year before and the year after passing the CFA Level II exam.

Still Have Questions? Make an Appointment

Eliminate any guesswork in your CFA® exam preparation. Our representatives are ready to guide you in choosing the right education package for your exam-day success. Schedule a time to talk to one of our financial education experts and have all your questions answered.

Schedule An Appointment

What Kaplan Schweser Customers Say

Hear the Success Stories of Finance Professionals Who Passed with Schweser

Testimonial: This testimonial was recorded for Kaplan Schweser. The views and opinions expressed are those of the individual; student experiences may vary. 

CFA® Level II Exam FAQs

The CFA exam as a whole is difficult by design. It’s an exclusive designation that truly demonstrates mastery. The Level II pass rate is 46%, and the average candidate spends 328 hours preparing.


CFA Institute recommends 300 hours of study, and our experience is that 300 hours is the minimum that most people need to be successful. The average Level II candidate spends 328 hours preparing.

For the CFA exams, registration fees range from $940 to $1,250, depending on your exam level and when you register.

To enter into the CFA Program, candidates must pay a one-time $350 enrollment fee in addition to the required registration fees for each Level. CFA Institute reference material and a partial mock exam are both included with candidate registration and enrollment.

Topic Weights by Level

CFA Level II

For the 2025 CFA Level II exams, the topics are weighted as follows:

  • 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%
  • Ethical and Professional Standards: 10–15%

These topic weights were used to develop a Level II study plan you can follow to ensure complete coverage of the material. The study plan is included in all of our packages.

2024 CFA Level II Study Packages >

The Minimum Passing Score (MPS) is the benchmark used to determine whether a candidate has passed or failed the exam, and it is different each year. The MPS for Level II is set about six weeks after the exam. CFA Institute does not release the MPS, although research indicates that it hovers between 60 and 70 percent.


CFA Institute administers the Level II CFA exam three times per year, with exam windows in May, August, and November.