CFA Level II exam format and topic weights guide exam help

CFA Institute describes Level II as an analyze-and-evaluate exam that tests how candidates analyze situations and provide solutions using accumulated investment knowledge. The current format has 22 item sets made up of vignettes with 88 accompanying multiple-choice questions. The exam is split into two 132-minute sessions, with 11 item sets in each session. CFA Institute states that 20 item sets are scored and two are trialed and not scored. Level II questions must be answered from the vignette information, and topic areas are randomly placed across the exam, so any topic can appear in either session or both. Current Level II topic weights are Quantitative Methods 5-10%, Economics 5-10%, Financial Statement Analysis 10-15%, Corporate Issuers 5-10%, Equity Investments 10-15%, Fixed Income 10-15%, Derivatives 5-10%, Alternative Investments 5-10%, Portfolio Management 10-15%, and Ethical and Professional Standards 10-15%. Candidates must have passed Level I, meet CFA Program enrollment requirements, and complete one Practical Skills Module at the level to receive their result.