The CFA Level 2:  Syllabus, Exam Date, Fees and Salary

The CFA Level 2 is the second level of the prominent degree offered by the Chartered Financial Analyst (CFA) Institute. As discussed in the previous blogs, the CFA program is a globally recognized professional certification that offers the knowledge and skills needed in the financial business. The CFA Level 2 covers topics like equities, finance, investment management, and valuation. 

The CFA Level 2 Exam

Exams for CFA Level 2 are held three times a year. Registrations for the CFA Level 2 November 2024 sessions are presently open to candidates who meet the eligibility requirements.

Keep scrolling through this blog to learn more about the syllabus, eligibility requirements, career scope, and salary potential after the CFA Level 2 course. 

The CFA Level 2 Syllabus

Here are the subject-wise details on the CFA Level 2 syllabus.

• Ethical and Professional Standard: This section addresses the requirement for professionalism in the investment industry as well as ethical behavior.
• Quantitative Methods: It covers aspects of probability theory, descriptive statistics, and investment decision-making.
• Economics: Economics is the study of market structure, microeconomic theories, and the examination of supply and demand for both individuals and businesses.
• Financial Statement Analysis: This section describes the standards and techniques used in the analysis of financial reports.
• Corporate Issuers: Corporate issuers are focused on stakeholder management and corporate governance.
• Equity Investments: The analysis of the economy’s equity investment, index, and security markets is covered in this section.
• Fixed Income: Credit analysis, term structure, and their valuation are only a few of the crucial ideas covered in this portion of the CFA courses that aid in Studying fixed-income securities, risk variables, maintenance strategies, and assessment methods
• Derivatives: The fundamentals of derivatives and the structure of the derivative market are explained in this section.
• Alternative Investments: The principles of asset classes like infrastructure, real estate, hedge funds, and private equity are studied in this section. Aside from asset classes, it also discusses concepts related to equity and fixed income. 
• Portfolio Management and Wealth Planning: These two services assist in ensuring that the principles of both portfolio management and wealth planning are well understood.

CFA Level 2 Eligibility Criteria

Before registering, candidates should carefully read the official CFA level 2 eligibility requirements to avoid being disqualified later. CFA level 2 eligibility requirements are the same as those for level 1. 

In addition to having passed the CFA Level 1 exam, candidates for CFA Level 2 should have been at least in the fourth year of their graduation to sit for the exam or have earned a bachelor’s degree from a recognized university or its equivalent.

Or,

Candidates must have at least four years of professional experience in the same field in addition to their academic qualifications.

A valid passport is a must.

Furthermore, candidates should know English well because the CFA course Level 2 study materials and exams will only be available in that language.

To appear in the CFA Level 2 exam, candidates need to have completed at least four thousand hours of work experience in addition to higher education. The dates of professional employment experience and schooling shouldn’t coincide.

Professional work experience doesn’t need to have an investment focus. If they are paid, the CFA Institute also takes into account family businesses, internships, and article cruises.

The CFA Level 2 Jobs and Salary 

The CFA Level 2 enables you to work in the government and private financial and investment industries in high-paying positions. Additionally, one may choose to proceed to CFA Level 3, the following level of the program.

The majority of CFA graduates, according to the CFA Institute, are working in prominent roles in the financial industry. 

The world’s largest financial institutions, including JP Morgan Chase, Bank of America ML, HSBC, Wells Fargo, Morgan Stanley, and others, employ the bulk of CFAs. One can advance their career as an investment manager, portfolio manager, risk manager, or even chief financial officer by taking advantage of a variety of well-known CFA job possibilities. 

In addition to well-paying work, you can also start your own company. Depending on several factors, the average pay that someone might anticipate earning at the beginning of their career after completing the CFA course Level 2 can range from 1,300,000 PKR to 10,300,000 PKR annually.

Last Verdicts 

The CFA exam is tough but it is well-known and respected throughout the world. After finishing Level 2 of the CFA course, candidates can move on to Level 3 of the CFA studies or pursue any number of profitable career options. Consider taking advantage of Mirchawala’s CFA course if you want to pass the CFA exams. We take pride in saying that we have a remarkable number of passing rates.