Best CFA® Level 2 Prep Courses

The CFA® exam consists of 3 sequential exams. Each one covers different concepts and asks you to display different skills. However, it’s commonly accepted that Level 2 is the most difficult of all the tests— only 55% of takers pass it on their first try. Because of that, you’ll want to make sure that you take a good prep course to prepare for it.

There are many prep courses to choose from, but I’ve found the best ones in the business and listed them below. Each of them has something unique to offer you and appeals to a particular type of student.

Read on to see which course is the best fit for you!


#1 Wiley CFA® Review

Wiley offers several courses for each level of the CFA® exam; they all vary in length and the type of content they include, but one thing they have in common is that they’re the best options currently available online.

Course Details

Before spending any money, you can check out a trial version for free in order to determine whether or not you’ll get some value out of their educational content. If you’re convinced, there are 4 different packages to choose from: Platinum, Gold, Self-Study, and 11th Hour Final Review.

Wiley CFA® Features

  • 90+ hours of 30-45 minute video lectures
  • 1,000+ practice questions and 2 mock exams
  • 90+ pages of formula sheets
  • Performance tracking
  • Mobile app
  • Final Review Course (included with Ultimate and 11th Hour)

Pros and Cons

  • Offline Study: Although Wiley offers online courses, they can also be accessed without an internet connection. Feel free to download your videos, flashcards, and practice exams to your phone via the mobile app.
  • Cram Course: Enrolling in Wiley’s Platinum Course provides access to their 11th Hour Final Review, which condenses the most important info into a last-minute cram course to help you get across the finish line.
  • Community Feedback: With this course, you’re not just studying in a vacuum. You can collaborate with fellow students and ask questions to your instructors— so long as you enroll in the Gold or Platinum packages.
  • Stay Motivated: Among many other features, one of the most helpful ones included with Wiley’s course is a progress tracking hub built into the dashboard. This will show you what you’ve learned and how prepared you are to take the CFA® exam.

Bottom Line: Wiley offers the most impressive collection of study content with the best accompanying features. You should absolutely consider this course as your first choice when preparing for the CFA® Level 2 exam.

TAKE ME TO WILEY CFA® LEVEL 2


#2 Analyst Prep

Analyst Prep prepares you for part 2 of the CFA® exam by providing a large number of practice exams.

Course Details

Analyst Prep focuses heavily on testing based content to prepare you for the Level II CFA® exam. Since practice makes perfect, they make sure you have plenty of practice exams and questions to work through in their course. This course is also entirely self paced, so you can set your own study schedule from week to week.

You have two different choices for CFA® Level 2 exam content. For $129 a year you can access to the full question bank and sets of mock exams. Alternatively, you can choose to purchase the Level 2 and 3 bundle for $199, which is a one time purchase that grants you lifetime access to all Level 2 and Level 3 CFA® exam materials.

Analyst Prep Features

  • Question Bank
  • Printable Mock Exams
  • Performance Tracking Tools
  • Ask-A-Tutor Questions
  • Unlimited Practice Quizzes
  • Free Curriculum Updates
  • Fast & Responsive Support

PROS AND CONS

  • Mock Exams: Analyst Prep’s biggest draw is their ability to provide high quality practice exams. These perfectly mimic the level 2 CFA® exam in both content and format. Thanks to that, it’s easy to become an experienced test taker through this course.
  • Unlimited Quizzes: This course also allows you to complete a more bite sized practice session via small quizzes. These are much more focused on building your problem solving skills instead of teaching you the exam format. Plus, each quiz can easily be completed during your day as they’re much less time consuming.
  • Item Set Practice: Since item sets are a major part of the level 2 exam, Analyst Prep makes sure you get plenty of practice with them. The level 2 course includes sets of 4-6 questions based on a 1.5 page vignette. These are pulled from a large bank of test questions.
  • Excellent Support Team: If you encounter any issues while studying, you have a number of ways to contact other students and your instructor for assistance. Premium members can ask unlimited questions to their professor, and their international phone support team will respond to technical issues on the same day.

Bottom Line Recommendation: Analyst Prep is the best choice for practice problems and mock exams. This is the best way to gain test taking experience ahead of time!

TAKE ME TO ANALYST PREP CFA® LEVEL 2


#3 The Princeton Review

Princeton Review reinforces their video lectures with mock exams to ensure that you understand what you’ve learned during each lesson.

Course Details

The Princeton Review has built their course around video lectures, with each lesson reinforced through other study materials. This includes a series of practice problems that require you to apply what you’ve learned in each video. Additionally, you can use study notes to ensure that you don’t forget anything when you move on to other lessons.

The Princeton Review’s course costs $499 for full access. There are no other payment tiers, so you can be assured that you get your full money’s worth.

The Princeton Review Features

  • 1,500 Practice Questions
  • 60+ Hours of Video Lectures
  • 2 Mock Exams
  • 1,300 Slides of Study Notes
  • Detailed Answer Explanations

PROS AND CONS

  • Answer Explanations: Each practice problem comes with a detailed video explanation created by the same CFA® professionals that have designed the course. That way, the style and teaching methods are consistent across the entire course.
  • Video Lectures: The main draw of Princeton Review’s courses are their well designed video lectures. Each one explains a concept by walking you through an item set like you’d see on the exam. Thanks to that, you can learn how to answer questions while learning important test concepts.
  • Study Notes: After each lesson, you gain access to a set of study notes based on what you just learned. These allow you to review sections you need extra help in. Plus, they’re a good learning tool if you have a busy schedule and can only spare a little time per day.
  • Level III: After you pass the CFA® Level II exam, you won’t be able to use The Princeton Review to study for the final level. Because of this, you may want to choose a course that bundles both levels like the one offered by Analyst Prep.

Bottom Line Recommendation: The Princeton Review is a good choice for anyone hoping to learn through multiple study methods.

TAKE ME TO THE PRINCETON REVIEW CFA® LEVEL 2


#4 Bloomberg Exam Prep

Course Details

Bloomberg uses adaptive software with personal tutoring to ensure that you learn everything you need to know about the exam. Both of these ensure that you’re always working on the areas you need the most help with. Plus, you’ll be able to apply what you’ve learned to 10 different practice exams and over 10,000 practice problems.

You have 3 options when picking a Bloomberg CFA® course. First is the essential plan for $699— It includes all course content with 7 mock exams and 20 ask-a-tutor questions. Next is the $1,199 premium course, which comes with 9 exams and 80 ask-a-tutor questions. Finally, you can choose the $1,999 ultimate plan including 11 exams and unlimited tutor support.

Bloomberg Features

  • Adaptive Learning
  • 1-on-1 Tutoring
  • 10+ Practice Exams
  • 10,000 Practice Problems
  • Expert Staff Support

Bottom Line Recommendation: Bloomberg offers the best live CFA® Level II prep course materials. Their personal touch will help you easily pass the exam.

TAKE ME TO BLOOMBERG CFA® LEVEL 2


#5 Fitch Learning

Fitch Learning CFA Logo

Course Details

Fitch Learning offers both virtual classroom and online self study courses. Thanks to that, it’s easy to get an education that matches your preferred learning style. Most of your studying will be done via video lectures, study notes, and practice exams. However, the live course also gets webinars and virtual classes. As a result, this course tends to have a more guided format than others on the market— which makes it a great alternative to self-paced courses.

Prices depend on format: the basic online learning courses cost $835 and include all the self study content, or you can choose the virtual classroom for $1075. We recommend the second option: it takes place over 16 weeks and follows a consistent daily schedule, ensuring that you get the most educational value out of this company’s catalog.

Fitch Learning Features

  • Live and On-Demand Webinars
  • Printable Exams
  • Virtual Classroom
  • Mind Maps
  • Reading Notes

Bottom Line Recommendation: Fitch is able to offer a good middle ground between live and self study content. This is an excellent course for anyone who prefers multiple study formats.

TAKE ME TO FITCH LEARNING CFA® LEVEL 2


#6 Kaplan Schweser

Course Details

Unlike the other courses, Kaplan Schweser only offers practice exams to work through. That makes this a good option for anyone who needs some extra practice before the exam, but it’s not as appealing when compared to all-in-one courses like Analyst Prep.

Despite this, Kaplan provides an excellent bank of practice questions— and each one comes with a detailed answer explanation. Plus, your performance is tracked so you can tell how prepared you are for the level 2 exam at any time.

Kaplan Schweser Features

  • Exam Tutorials and Simulations
  • Answer Explanations for Thousands of Practice Questions
  • Performance Tracking and Print Materials

Bottom Line Recommendation: This is a good course for anyone confident in their knowledge who just wants some practice for the exam. It’s also a good pick if you’re attempting this exam for the second time and just want to brush up on practice questions.

TAKE ME TO KAPLAN SCHWESER CFA® LEVEL 2


FAQs

Q: What is the pass rate for CFA® level 2?

A: The CFA® Level II exam is considered the most difficult out of the three levels, due to its low pass rate of 55%.

Q: Why is CFA® level 2 so difficult?

A: Unlike the first part of the CFA® exam, level 2 asks you to demonstrate your knowledge through real world examples. This tends to be more difficult than memorizing concepts, so it helps to use a CFA® exam prep course for this level specifically.