CFA® Level 2 Program

What you'll cover

1. 1Quantitative Methods5–10%

   Applied statistical models — regression, time-series, and machine-learning basics — used to interpret data within case-study vignettes.

2. 2Economics5–10%

   Currency exchange rate economics, economic growth analysis, and how macro forces feed into asset valuation decisions.

3. 3Financial Statement Analysis10–15%

   Deeper analysis of financial reporting, including intercorporate investments, multinational operations, and quality-of-earnings evaluation.

4. 4Corporate Finance5–10%

   Capital budgeting, capital structure, and corporate governance analyzed through the lens of shareholder and stakeholder impact.

5. 5Equities10–15%

   Applied equity valuation — discounted cash flow, market-based, and asset-based models — used to value real companies in case format.

6. 6Fixed Income10–15%

   Bond valuation, yield spreads, and securitization, with a focus on credit analysis and interest rate risk measurement.

7. 7Derivatives and Risk Management5–10%

   Pricing and valuation of forwards, futures, options, and swaps, applied to real hedging and risk-management scenarios.

8. 8Alternative Investments5–10%

   Valuation approaches for real estate, private equity, and other alternative asset classes within a portfolio context.

9. 9Portfolio Construction10–15%

   Portfolio construction and risk-return analysis extended to institutional and individual client scenarios, building on Level 1 theory.

10. 10Ethical and Professional Standards10–15%

    The Code and Standards applied to nuanced, multi-layered scenarios — including research standards and investment guidelines.

190+ hours of recorded teaching across all 10 topics. Names and weights follow CFA Institute's 2027 Level II curriculum.

What RUQQI students say