- CFA Exams
- 2025 CFA Level II Exam Topics
CFA Exam Structure
| # | Topic | Exam Weight | Questions |
|---|---|---|---|
| 1 | Quantitative Methods | 5-10% | 363 |
| 2 | Economics | 5-10% | 226 |
| 3 | Financial Statement Analysis | 10-15% | 423 |
| 4 | Corporate Issuers | 5-10% | 132 |
| 5 | Equity Valuation | 10-15% | 290 |
| 6 | Fixed Income | 10-15% | 399 |
| 7 | Derivatives | 5-10% | 227 |
| 8 | Alternative Investments | 5-10% | 49 |
| 9 | Portfolio Management | 10-15% | 255 |
| 10 | Ethical and Professional Standards | 10-15% | 291 |
All study notes and practice questions are based on CFA Institute's study guide for the 2025 CFA Level II Exam.
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2025 Level II
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