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Yes, Level II builds-up on most of the Level I concepts. You can use IFT’s High-Yield course to brush up your Level I concepts.
No, you need to have completed 16 years of education before you can sit for the Level II exam.
Level II exam consists of item set based questions, each vignette consists of 4 to 6 questions. The exam is divide into two sections with 60 questions each.
Level II exam has 10 topics and each topic carries a different exam weight. For more information visit: https://www.cfainstitute.org/en/programs/cfa/curriculum
Minimum passing scores are not made public by the CFA Institute. However, to improve your chances at passing the exam, we recomend that candidates should aim for atleast 70% scores in their practice.
The CFA Institute recommends at least 300 hours. However, depending on your situation you may need to put extra time in.
Level II is significantly more difficult than Level I. At Level II you should be prepared to put in a lot more time and effort than you did at Level I.
CFA Institute provides multiple scholarship programs. Please visit their website for more information.
Generally, the exam pass rates are around 50% for each level. For more information please visit CFA Institue’s website, they do publish the yearly pass rate on their website.
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