【CFA Exam Tips】How to pass CFA Level 2 in 3 months in first attempt?— Key facts, Free Resources and Tools, Exam Skills

Shunryu 迅狐
Finance Career Coaches
8 min readNov 3, 2023

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  • As you are reading this, you’ve probably read my CFA Level 1 article and/or passed the exam.
  • First of all, congratulations on passing CFA Level 1! Now, if you have applied for CFA Level 2 already, you can write “CFA Level 2 Candidate” on your CV, which likely gives you an edge in job applications.
  • (Remember? As mentioned in the CFA’s Ethics section, you cannot make a partial claim like “you are CFA Level 1". But you can say ‘I passed the CFA level 1 exam’ or claim to be a ‘Level 2 candidate’ if you have enrolled in the next level.)
  • Just a warm reminder: Never think that the difficulty of CFA Level 2 climbs proportionately compared to Level 1. In fact, its difficulty rises exponentially!
  • One of the key reasons is that the question format of CFA Level 2 has changed. It is no longer formed of a series of short and straightforward MCQs. Now it contains 22 vignettes, each followed 4 MCQs.
  • This format is unfavorable to students who just mechanically practice the questions , memorize formulas and substitute numbers into formulas for calculations, as well as students poor in English reading comprehension. Because CFA Level 2 candidates must clearly grasp the context of the vignette case study questions to decide on which formula to use and which numbers to extract from the vignette to fit into the formula for your…

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Shunryu 迅狐
Finance Career Coaches

Hongkonger 香港人 | Bilingual Writer 雙語作者 | Financial Analyst 金融分析師 | Top Uni Master 曾經學霸 | IELTS 8.5/9 英文導師 | Career Coach 職涯教練