Written by CFA charterholders. Sub-topic analysis, exam strategy, and everything in between.
9 articles on CFA Level 2
CFA Level 2 changes the format from standalone MCQs to item-set vignettes, shifts you from breadth to depth, and adds ~50–100 hours of stud…
FCFF goes to all capital providers, discounted at WACC → enterprise value. FCFE goes to equity holders only, discounted at cost of equity →…
Active return, active risk (tracking error) and the information ratio explained for CFA candidates, with worked examples and the traps the …
Level 2 is not harder Level 1 with longer questions. The vignette format has its own failure modes, and most of them are fixable with a con…
Level 2 regression questions hand you an ANOVA table and expect you to extract four things from it. Knowing where each number lives is most…
The latest CFA Level 2 pass rates, how they compare with the long-run average, the first-timer vs deferral gap, and what the numbers mean f…
Level 2 Corporate Issuers goes significantly beyond the WACC and NPV basics of Level 1 — into advanced capital structure theory, M&A deal a…
Level 2 Fixed Income goes far beyond duration and yield to maturity. Spread measures, MBS valuation, liability-driven investing, and active…
Equity Valuation is the highest-weighted topic at CFA Level 2 and a major component at Level 1. This model-by-model guide covers what each …
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