CFA Level II Study Plan
AI-generated Daily Plans for the CFA Level II. Item-set (vignette) exam covering asset valuation across the ten CFA topic areas.
What's on the CFA Level II
- Quantitative Methods
- Economics
- Financial Statement Analysis
- Corporate Issuers
- Equity Investments
- Fixed Income
- Derivatives
- Alternative Investments
- Portfolio Management
- Ethical and Professional Standards
Why it's hard
Level II is depth, and the vignette format means you can't fake fluency — you'll see four cases per session, each with 4-6 questions that compound the same setup. One wrong assumption costs you four questions.
How Fennie helps
Fennie drills vignette-style item sets with explicit 'identify the setup before answering' steps, so you don't carry an early misreading into every linked question.
A sample week of prep
- 01Mon — Equity: residual income valuation
- 02Tue — FRA: pensions + multinational ops
- 03Wed — Derivatives: forward pricing item set
- 04Thu — Fixed Income: credit + structured
- 05Fri — Ethics + Portfolio Management
- 06Sat — Full timed vignette section
- 07Sun — Review and regenerate plan
Sample only — your real Fennie plan adapts daily based on what you got wrong, what you ignored, and how close you are to test day.
Frequently asked questions
How is Level II different from Level I?
Level I tests knowledge; Level II tests application. The vignette format makes guessing much harder.
What's the pass rate?
Recently around 45-50%. Higher than Level I in part because Level II candidates are self-selected for having passed Level I.
Does Fennie generate vignettes?
Yes — Fennie generates vignette item sets across all topic areas with linked questions that test the depth Level II requires.
Start your CFA Level II Daily Plan
Tell Fennie your target score and test date. You'll get a personalized daily plan in under a minute — and it adapts every day based on your performance.
Get started freeOther Finance & Accounting study plans
CPA
Four-section accounting licensure exam covering Core (AUD, FAR, REG) and one Discipline section.
CFA Level I
First level of the Chartered Financial Analyst program, with 180 MCQs across ten topics.
CFA Level III
Final level of CFA program, with a mix of essay (constructed response) and item-set questions, focused on portfolio management.
CMA
Two-part exam from the IMA, covering financial planning, performance, and analytics for management accounting.