Study Efficiently, Pass Pass the Level II CFA® Program Exam

Our CFA® Program exam study tools can help you build a plan to study smarter and pass Level II.

How AdaptPrep Works

Learn the Essentials

Understand everything you need to know to pass the exam.

Practice Exam-Style Questions

Experience the exam format, analyze your performance, and adapt your study focus.

Gain Confidence to Pass

Do well on practice exams to increase the challenge until you're ready for the real thing.

About the Level II CFA® Program Exam

Level II dives deeper into the analytical aspects of finance compared to the more knowledge-based content of Level I. This exam presents a new kind of challenge: take what you learned in Level I and utilize it in practical situations you'll face in the financial analysis world.

120 Questions

Multiple-Choice Test



6 Hour Exam Duration

3 Hour Morning & 3 Hour Afternoon Sessions

70% or Higher

Score to Aim For

Before the Exam

  • Recommended Courses

    Finance, Accounting. Level II presumes your knowledge in these areas and more since you Level I, but any additional background in these areas will help you with the exam. Our video lessons can help you learn the exam material efficiently.

  • Level II Offerings

    Level II is offered once per year in June.

  • Next Offering:

    June 6, 2020

    Registration Deadline:

    February 12, 2020

    (Late Registration until March 11, 2020)

  • How do I register?

    1. Register online at
    2. Pick an exam location.
    3. You’ll receive an admission ticket via email. Print it out–you will need it on exam day.
  • How much should I study?

    We highly recommend dedicating 4-6 months of dedicated studying to prepare for Level II. Start by learning and reviewing the material, then focus on practice exams. Our predictive analytics can help you measure your progress and assess your readiness for the real exam.

  • Tricky Topics

    Accounting is difficult, and one of the most heavily tested topics. The concepts are more challenging on this exam than Level I, with more difficult calculations as well.

  • Coach Mike's Tip

    “Practice more item sets. Focus on how to quickly find the needed information in the passage.”

Exam Day

  • What to Bring with You

    • Your admission ticket
    • Your passport
    • A CFA Institute-approved Calculator
      - BA II Plus
      - HP 12C
    • Pencils
    • Erasers
    • An extra layer of clothing (you never know what the temperature of the exam room will be, and this is a 6-hour exam!
  • Coach Marc's Tip

    “Much like Level I, it’s important to take your time understanding the questions. Studying for months to give the perfect response to a question that wasn’t actually being asked gets you as many marks as if you hadn't studied at all.”

After the Exam

  • Getting Your Exam Results

    You’ll receive your exam results via email after all exams have been graded by CFA Institute. This process usually takes several weeks.

  • Next Steps

    Take some time to celebrate your victory! Then the final challenge begins: Level III.

What CFA® Program Candidates Say

Many thanks to Mike Carmody and the AdaptPrep team. I scored higher than all of my colleagues and my study revolved around AdaptPrep.

Khaled, Passed Level II of the CFA® Program exam


Mobile Friendly

Access our manual and videos on any device with our web-based format.

Flexible Learning

Learn your way with our video lessons, online manual, or both in combination.

Dynamic Difficulty

AdaptPrep gives you harder questions the better you perform, so you get the right question at the right time.

Predictive Analytics

Our Topic Mastery system predicts your exam readiness and helps you identify your strengths and weaknesses.

Our Plans



  • 1000+ Practice Questions
  • Predictive Analytics


  • Clear, Concise Explanations
  • 52 Readings Covering All 10 Exam Topics
  • 175+ In-Depth Video Lessons
  • 33+ Total Video Hours



All the Features of:

  • Learn
  • Practice

Every Plan Includes

Discussion Forums

Our community of CFA® Charterholders, AdaptPrep coaches, and candidates answer your questions and exchange study methods.

Formula Sheet

All the essential exam formulas you need in one place for maximum memorization and rapid review.

Study Schedule

Tips and reminders keep you on track and use your study time efficiently.