Exam Structure and Timing
The Level II exam has a total of 21 item set questions:
- Morning session: 10 item set questions
- Afternoon session: 11 item set questions
On the Level II exam, you will have a total of 120 items (18 vignettes with 6 items each and 3 vignettes with 4 items each, for a total of 21 vignettes) compared to 240 multiple choice items on the Level I exam.
Item Set Format
Item sets are sometimes called “mini-cases.” Each item set on the CFA® exam consists of a vignette (or case statement) and either four or six multiple choice items (questions).
The length of a vignette ranges from about 1 page to 2.5 pages. The average length of the vignettes on the exam is about 1.5 pages. The longer vignettes are those that include several tables of information, such as for a financial statement analysis, statistics, or fixed-income item set.
About Finominal Education™ Training Course
Finominal Education™ CFA® Level 2 course section details are as per below
|S. No||Modules||Class Hours|
|1||Ethical & Professional Standards||14|
|4||Financial Reporting & Analysis||24|
|10||Portfolio Management & Wealth Planning||18|
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