When Compared To Level 1, How Difficult Is Cfa Level 2?

By Author: Manish Ramuka
Total Articles: 4
Comment this article

CFA is considered one of the most challenging courses in India. Being a Chartered Finance Analyst is pretty tough. However, with the proper guidance and the best CFA coaching in Mumbai, students can easily ace the exams. A frequent dilemma in the minds of CFA aspirants is whether CFA level 2 is much more complex than CFA level 1. The universal answer to this question is yes. The CFA level 2 is significantly more complex than CFA Level 1. There are crucial differences between the two. Let us explore some of them:
Anyone Can Appear for CFA Level 1, but Only Qualifying Candidates can Sign Up for Level 2
Before starting a difficulty analysis, the first point of difference to be noted is that far more people appear for the Level 1 exam than for the Level 2 exam. This is because only the students who qualify for the Level 1 exam can sit for level 2. However, the syllabus of the Level 2 is far more complex than Level 1.
Increasing Difficulty of Questions
The level two questions are far more complicated than level 1. The question pattern changes in level 2. More skill-based and analytical questions are asked ...
... in level 2. For example, in level 1, most questions are factual or basic conceptual types, whereas, in Level 2, greater emphasis is laid on higher-order thinking skills. Students can tackle such higher-order conceptual questions better with the best CFA Level 2 coaching in Mumbai.
CFA Level 1 Topics are Mostly Continuation of the Undergrad Topics
On scrutinizing the syllabus of the CFA level 1, you can easily understand that most of the topics in Level 1 are a continuation of the topics already learned by undergrads. Some new cases are introduced, but students can handle them with the core under-graduation knowledge. However, for the Level 2 syllabus, none of the topics are a continuation.

Instead, Level 2 of CFA consists of some of the heaviest weightage and complex topics of the entire course. The marks distribution is complex and requires students to emphasize all the topics with minimum scope of neglecting even one single part of the syllabus. So, in a nutshell, we can say that a more comprehensive study effort is needed to perform better in the CFA level 2 exam.
CFA Level 2 Exam Allots Lesser Time to Finish the Exams
The CFA level 1 exam has to be completed within 4 hours and 30 minutes, whereas the CFA level 2 CBT exam duration is 4 hours and 24 minutes. However, for both exams, the total time is split into two halves. But, since the CFA level 2 exam questions involve analysis and case study, it takes much more effort and time o complete one question. One pro tip, in this case, is: Practice previous year's questions to develop time management strategies for handling the CFA level 2 exam.

Your CFA learning journey can be smooth and hassle-free with the best guidance. Connect with the best CFA level 1 class in Mumbai to perform better in your CFA exams.