CFA Level 2 Practice TestAce The CFA Level 2 On First Try

CFA Level 2 is the intermediate level of the CFA (Chartered Financial Analyst) program and is critical in your journey to becoming a CFA charter holder. It serves as an intersection between the foundation you learned in Level 1 and the more advanced concepts you'll study in Level 3.

The CFA Level 2 program focuses on applying investment principles and methods, particularly asset valuation. In comparison to Level 1, each of these topics is presented more thoroughly and practically, necessitating a higher degree of skill and comprehension from applicants. Test-takers must demonstrate their ability to apply relevant tools and concepts to analyze a specific set of situations, which are sometimes presented as mini-cases or scenarios.

CFA Level II is administered twice a year. To pursue CFA Level II, one must first pass the CFA Level I test and have finished a graduation in any field. The candidate should have four years of work experience and educational qualifications.

CFA applicants generally believe that Level 2 is the most difficult level of the CFA Program, and pass rates over time appear to support this. Historical data from the CFA Institute indicates that the pass rate for Level 2 has frequently been lower than that of Level 1 and Level 3.

What about the passing score? The purpose of credentialing programs, as per the CFA Institute, is to assess whether a candidate has the necessary knowledge, skills, and abilities to perform a specific job function. They are not designed to measure how well an individual performs on those skills. The aim is to establish a dependable standard for the required knowledge, skills, and abilities, although the MPS (minimum passing score) may vary slightly from year to year based on the difficulty level of the questions posed. 

How Is CFA Level 2 Certification Worth It?

Each certification is valuable in a specific domain, so if you are pursuing a career path in the financial field, CFA Level 2 certification must set you apart from other candidates. Let’s see how much it costs.

First of all, CFA Level 2 assesses your career goals and determines whether the CFA charter fits you well. Holding the CFA qualification can be beneficial if your goal is to work in positions like investment banker, portfolio manager, or financial analyst. 

Secondly, putting in a long-term vision, obtaining the CFA credential might help you get closer to reaching particular career goals, like taking on a leadership position or branching out into a different area of finance. To determine whether earning the distinction is worthwhile, you should comprehend how the CFA charter advances your long-term objectives.

Next, consider how well the information and abilities you acquired from the CFA Program fit with your objectives for both professional and personal growth. Pursuing the CFA designation could be worthwhile if you have aspirations that correspond with the extensive curriculum and real-world application of investment management concepts.

Last but not least, individuals who are interested in earning the CFA credential should have a genuine passion for investment management. Those who are enthusiastic about the subject and wish to expand their understanding of the field may discover that the comprehensive coursework and commitment required to acquire the charter are both achievable and rewarding.

What Our CFA Level 2 Practice Test Includes

Let’s take an overview of our practice examination. 

Overall, when it comes to the homepage of our website, what catches your eyes at first sight are two main sections: “Practice CFA Level 2 Test By Topics” and “Take Full CFA Level 2 Practice Test”. To meet the learners’ needs, the former functions as learning materials that are categorized into different topics or domains covering nearly CFA Level 2 knowledge for practice. The latter mimics the real exam to check learners’ outcomes and create a chance for a mock test before taking the real one. 

Practice CFA Level 2 Test By Topics

The practice CFA Level 2 test includes a combination of practice questions. The series of questions are divided into 7 levels and 2 tests, divided into 2 stages. Stage 1 includes the first 3 levels and a mini-test. Stage 2 includes the remaining levels and a final test. Each level includes 10 multiple-choice questions. The mini-test consists of approximately 30 questions covering knowledge of the whole first stage. The final test normally includes roughly 70 questions covering knowledge of the whole topic. 

Remember! Our results recording system will notify you of the results you have achieved after your first attempt, for example, 6/10. However, you must answer all questions correctly to be allowed to move to the next level. Hence, you are allowed to do it again more than once and the false questions will automatically return until you correct all of them. Of course, if you are confident in any topic, you can skip levels and move to the mini-test or the final test immediately.

An extremely appreciated feature of our website is that after each question in the practice section, learners will immediately know whether their results are correct or incorrect. Furthermore, there will be an extremely detailed explanation for the question, which is right below the question section.

Take the Full CFA Level 2 Practice Test

After practicing proficiently in the practice section introduced above, learners can choose a "full test" to check their current level. The CFA Level 2 mimics the real exam format.

The test includes 88 multiple-choice questions within 4 hours and 24 minutes. Contestants will take the test within the allotted time frame. The clock placed right above the question section helps test takers be proactive in managing their exam time. 

An outstanding feature is that test takers will not immediately know the results of each question in this part like in the practice one. After completing all the questions and receiving the final results, test takers will have the opportunity to review all the questions to see which ones they got right and which ones they got wrong. Detailed explanations for the answers are also attached right below each question. This helps test takers review knowledge more deeply and gain experience for the next test, especially in the real exam.

For convenience of use, we also released a mobile version of the application. Operations in the phone application remain the same as on the website. The only difference is that after completing the questions, you must click “Submit” to receive the final results of the test.

Practicing before taking any exam is extremely necessary. Finding a reputable and effective learning source is even more important. Each choice you make can determine success or failure. Trust me! The CFA Level 2 practice exam will accompany you on the path to passing the CFA Level 2. Don't wait any longer, download the CFA Level 2 application on the App Store or Google Play or directly go to the website https://easy-prep.org/cfa-level-2-mock-exam.