The CFA Level II exam consists of 22 item sets comprised of vignettes with 88 accompanying multiple-choice questions. Duration: The CFA Level II exam will be 4 hours and 24 minutes, split into two equal sessions of 2 hours and 12 minutes, with an optional break in-between. CFA Level 2 Topics & Weightage in 2022: Ethics 10-15% Quantitative Methods 5-10% Economics 5-10% Financial Reporting & Analysis 10-15% Corporate Finance 5-10% Equity 10-15% Fixed Income 10-15% Derivatives 5-10% Alternative Investments 5-10% Portfolio Management 10-15%
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