CFA® Level 2 Study Guide
Your Roadmap to CFA Exam Success Starts Here
Master every topic, formula, and concept of Level 2 with a focused, expert-crafted guide built by CFA charterholders — so you can study with confidence and pass with purpose.
Feel Prepared for Every Topic and Every Question
Built by CFA charterholders, our Level 2 study guide ensures complete coverage of every Learning Outcome Statement (LOS), keeping you aligned with the most current CFAI curriculum.
Always Current
Updated annually by CFA charterholders to reflect the latest curriculum and exam standards.
Streamlined for Focus
Plain-language explanations eliminate fluff while covering exactly what you need to know.
Built for Complete Coverage
Complete coverage. Every LOS, formula, and concept is clearly explained.
Proven Worldwide
Trusted by thousands of CFA candidates in 100+ countries.
Built for Independent Study
Includes worked example scenarios with clear answer explanations and helpful charts and images.
Expert-Backed
Crafted by CFA charterholders who know what it takes to succeed.
Learn the CFA Curriculum Like a Pro
Our Level 2 guide is written and reviewed by in-house charterholders, combining technical precision with accessible answer explanations so you actually understand what you're learning.
Master the Most Challenging Topics
Break down complex Level 2 topics such as alternative investments and portfolio management with real-world examples, step-by-step problem solving, and insights from our seasoned CFA charterholders.
Learn Faster and Retain Longer
Our high-impact visuals — from bell curves and probability trees to yield curves and valuation models — elevate visual learning for Level 2 concepts.
Get All the Knowledge and None of the Bulk
Our Level 2 study guide is compact but powerful. It offers essential formulas, examples, and insights in print or digital format.
Study Seamlessly Across Our System
Pair your Level 2 study guide with our expert-led lectures, smart flashcards, and CFAI-style mock exams to create a comprehensive study experience.
Multiple Ways to Study, Multiple Ways to Save
Whether you’re searching for a complete CFA Level 2 course with unlimited access or a supplement, we have you covered.
Step Up to a Full Course
Build Your Path to CFA Level 2 Success
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Advanced
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Elite
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Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
Study Guides (Printed)
Get print copies of the CFA Level 2 study guide for offline review, complete with practical examples and key concept summaries.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 2 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Study Planner
Create a personalized study plan aligned to your test date and progress, helping you stay on track.
Expert-Led Video Lectures
Get additional context and depth with bite-sized review videos that hone in on learning outcome statements.
SimpleSheets+
Reference an outline of key formulas, definitions, and must-know concepts in a streamlined format for quick review.
Digital Flashcards
Create your own flashcards to reinforce key concepts, formulas, and definitions. Organize them by subject, topic, or custom tags. Study your personalized deck anytime, anywhere across devices.
ReadyDecks
Study with preloaded, expert-curated flashcards organized by subject, topic, or custom tag.
Mock Exam A
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 2 Exam.
Mock Exam B
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 2 Exam.
StudyPass (Access Until You Pass)
Request a free course extension if you don’t pass the CFA Exam on your first try, giving you more time to succeed.
Expert MasterClass
Master how you tackle CFA Exam questions with expert-led video sessions that sharpen strategy, close knowledge gaps, and keep you on track.
Accelerate Boot Camp
Turn practice into power with a 2-day, high-yield problem-solving experience designed to transform your prep and elevate your CFA Exam readiness.
ExpertConnect
Tackle your most challenging CFA questions live in real time Q&A sessions. Get direct answers from experts when it matters most.
Study Guides Only
Core
Advanced
Elite
Explore our free trial and product availability
Build Your Path to CFA Level 2 Success
Study Guides Only
$
Use code:
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
Study Guides (Printed)
Get print copies of the CFA Level 2 study guide for offline review, complete with practical examples and key concept summaries.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Step Up to a Full Course
Core
$
Use code:
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 2 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Step Up to a Full Course
Advanced
$
Use code:
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 2 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Study Planner
Create a personalized study plan aligned to your test date and progress, helping you stay on track.
Expert-Led Video Lectures
Get additional context and depth with bite-sized review videos that hone in on learning outcome statements.
SimpleSheets+
Reference an outline of key formulas, definitions, and must-know concepts in a streamlined format for quick review.
Digital Flashcards
Create your own flashcards to reinforce key concepts, formulas, and definitions. Organize them by subject, topic, or custom tags. Study your personalized deck anytime, anywhere across devices.
ReadyDecks
Study with preloaded, expert-curated flashcards organized by subject, topic, or custom tag.
Mock Exam A
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 1 Exam.
Step Up to a Full Course
Elite
$
Use code:
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 2 Exam in difficulty and format.
Study Guides (Printed)
Get print copies of the CFA Level 2 study guide for offline review, complete with practical examples and key concept summaries.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Study Planner
Create a personalized study plan aligned to your test date and progress, helping you stay on track.
Expert-Led Video Lectures
Get additional context and depth with bite-sized review videos that hone in on learning outcome statements.
SimpleSheets+
Reference an outline of key formulas, definitions, and must-know concepts in a streamlined format for quick review.
Digital Flashcards
Create your own flashcards to reinforce key concepts, formulas, and definitions. Organize them by subject, topic, or custom tags. Study your personalized deck anytime, anywhere across devices.
ReadyDecks
Study with preloaded, expert-curated flashcards organized by subject, topic, or custom tag.
Mock Exam A
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 2 Exam.
Mock Exam B
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 2 Exam.
StudyPass (Access Until You Pass)
Request a free course extension if you don’t pass the CFA Exam on your first try, giving you more time to succeed.
Expert MasterClass
Master how you tackle CFA Exam questions with expert-led video sessions that sharpen strategy, close knowledge gaps, and keep you on track.
Accelerate Boot Camp
Turn practice into power with a 2-day, high-yield problem-solving experience designed to transform your prep and elevate your CFA Exam readiness.
ExpertConnect
Tackle your most challenging CFA questions live in real time Q&A sessions. Get direct answers from experts when it matters most.
Explore our free trial and product availability.
Here's What Our Students Are Saying…
I highly recommend UWorld to anyone looking to embark on their CFA journey. The videos and study guides provided are exceptional and truly invaluable."
— Jaber H.
I found the self-study UWorld materials extremely helpful in my journey to pass the CFA Level 1 exam. In fact, their effectiveness was so impressive that immediately after passing, I promptly purchased the Wiley Level 2 study guide even before registering with the CFAI for the exam!"
— Steven H.
I believe UWorld distinguishes itself from other providers through its exceptional video lectures, mentors, and study guides. The teaching quality in the lectures is so remarkable that there are minimal unclear concepts remaining after reviewing them. I highly recommend it."
— Nupur M.
Frequently Asked Questions (FAQs)
UWorld’s CFA Level 2 study guide covers every learning outcome statement (LOS), subject, subtopic, and formula in the official CFA Level 2 curriculum.
We recommended allocating at least 300 hours to studying for the CFA Level 2 Exam.
Yes. We’ve designed UWorld’s CFA Level 2 study guide to give you the knowledge you need to pass. However, the QBank, mock exams, spaced-repetition flashcards, and video lectures will greatly increase your chances of passing.
No. Practice questions (QBank) and mock exams are sold separately or as part of our course packages.
The print version comes in 5 volumes, while the digital version is available on your preferred device. There are no differences in content.