The Level II CFA exam is a considerable step up from the Level I exam so having a study plan and understanding the differences between Level I and Level II will help ensure you are prepared to pass the Level II exam. To pass the exam, you will need to achieve at least the minimum passing score (MPS) set by the Board of Governors of CFA Institute after each exam.
The all-time average CFA Level II pass rate is only 46%, and 2021 pass rates have been even lower. People who are studying for the CFA charter are smart, driven, and want to pass just as much as you do. That means it is crucial that you have a study plan and adhere to it.
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Start Your CFA Exam Level II Prep Early
Starting early to prepare for the Level II CFA Exam means beginning to prepare six-to-nine months before your exam day, and finishing three months out from your exam date. Many successful CFA charterholders credit their study routine for their success in taking the CFA exams. Not only do you need to study the material, but you also need to be able to apply what you learned to scenarios on the exam. This level of understanding and practical application takes time to develop. Therefore, it is crucial that you get into a study routine early and stick to it.