cfa level 2 online course

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If you plan on pursuing a career as a chartered financial analyst (CFA), you’ll need to pass a series of tests. The CFA exam measures and certifies your competence and integrity before becoming a financial analyst. In passing the CFA exam, you’ll gain analytical skills and expertise in quantitative methods, economics, financial reporting, investments analysis, and portfolio management. The exam is meant to help you enhance your career or help you find a new role in the finance sector.

The CFA Institute’s tests are mostly multiple-choice, and candidates have various options for how to prepare. The CFA exam consists of a series of three tests: Levels I, II, and III. On the Level I exam, you can expect questions to be focused on basic knowledge and comprehension around investment tools, while the Level II test is centered on a more complex analysis of valuing assets. The Level III exam is application-based, challenging you to think more analytically about portfolio management and wealth planning.

If you’re planning to take the CFA exam, it’s important to consider taking courses to ensure you’re as prepared as possible. With several choices in the test-prep landscape, it’s necessary to consider your learning style, budget, and time constraints. It’s also important to note that these are all subject to change during the journey to passing the exams.

One option is to prepare directly from the CFA Institute’s materials, which are free with every paid registration (around $700 to $1,000). As these materials are the Institute’s curriculum, they are effectively the font from which the exams are crafted.

But the materials can be excessively long for the readings and excessively short for questions. They tend to be more theoretical than instructional and fail to break up topics or focus attention on what is essential for success within a pass-fail multiple-choice exam. Moreover, using these materials means primarily book-based preparation, which is unappealing to visual or auditory learners.

Most candidates, therefore, use prep course products to complement their self-study from the Institute’s materials or as a complete alternative to using those materials. So, candidates should focus on the products that they really need, given their own circumstances.

There are five distinct categories of product: self-study (buying books/e-books to work through alone), questions and mocks (paper or web-based questions and mock exams), instruction (attending a class, which can be live or online), review (accessing a cram course shortly before the exam), and tutoring, which typically means getting email-only access to an instructor.

To best help you feel ready for the exam, we assessed the best CFA prep courses to get you across the finish line.

The 7 Best CFA Exam Prep Courses of 2022

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Prep Courses

Best CFA Exam Prep Courses

MOST ESTABLISHEDKaplan/Schweser


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Kaplan/Schweser is the largest and most established provider, offering its products in packages that increase in price accordingly.

The basic self-study package lists for about $699 and features notes, practice exams, questions, and planning tools. The top-level package adds OnDemand instruction and access to an OnDemand Review Workshop for a total price of $999.

Kaplan/Schweser also sells access weekend and week-long review packages as standalone products, which is great if you’ve relied solely on self-studying and would like a new tactic.

Weekend reviews are about bringing everything together and focusing on exam strategy rather than instruction. The week-long session is about review and instruction since the latter is unlikely to be enough on its own.

NEWESTSalt Solutions


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A newer option for CFA exam prep, Salt Solutions launched its Beta platform for CFA Level I exam prep in late 2020. The company is now officially out of Beta, and the full CFA learning experience is available for Levels I and II (Level III will be available in 2022).

Salt Solutions knows it’s tough to stay focused on a large volume of material with limited study time, so it breaks it into small chunks to complete in 10 to 30 minutes. Salt Solutions also improves the study process by showing you which steps are most important. While the platform offers flexibility, the scheduler also sets weekly goals to keep you on track. 

The platform has a user-friendly interface with a light or dark mode, making it easier on your eyes after long hours of studying. The platform currently includes assignment questions, downloadable videos, and a scheduler with weekly goals to stay on track.

Although Salt Solutions doesn’t have a proven track record yet, the user-friendly and thoughtfully designed software looks promising, particularly for those tired of staring at textbooks. Passing all three CFA exams isn’t easy, and Salt Solutions may be a good option for those struggling to buckle down and focus.

MOST VERSATILEBloomberg Exam CFA Prep


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Bloomberg Exam CFA Prep provides a modern, AI-based learning platform that aims to help identify and focus attention on your weak areas.

The self-study and instruction-based package costs around $700 and gives you access to “micro-lessons” on the entire curriculum. You will also get variable amounts of access to practice questions and instructors, depending upon any add-ons you choose.

The base package includes 10,000+ questions—more than its competitors—seven full exams and the ability to message an instructor 20 questions. With the Ultimate package, priced at around $2,000, you’ll receive four more exams, unlimited question-messaging, and five private tutoring sessions.

Bloomberg is also a great option if you’re cramming since it offers packages for sprinters—approximately $500 for two months’ access right before the exams. There are also bundles for marathoners, who can get four years’ worth of access for about $1,300.

BEST FOR SELF-DIRECTED LEARNERSFinQuiz


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FinQuiz is a great choice for self-directed candidates looking for an affordable complement to working directly from the CFA test materials.

The service provides a variety of options but emphasizes what the exam is expected to ask. Products available for you to use via FinQuiz are an online question bank, chapter notes, smart summaries, six mock exams, formula sheets, and a study plan.

FinQuiz’s basic program—priced at $299—is just questions and mocks, which are deliberately challenging and designed to stretch the candidates. If you have more budget to spare, FinQuiz has a premium package for approximately $599, which provides access to detailed summaries of the company’s materials and an active learning study plan.

Depending on how you learn, you can also buy some of the study materials separately, which are priced around $59 to $249.

BEST MODULAR APPROACHFitch Learning


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Fitch Learning takes a modular approach to its offerings.

The modular approach means that candidates can buy just the one product they need, rather than waste money buying a package containing materials they do not need and will not use.

A basic, online-access self-study package costs around $695, while you can buy a range of review and instruction-type packages separately. If you’re looking for access to questions, it’ll cost you about $195, while mocks are approximately $60 online and review courses are pricier, at around $475. There are also various live, online, or on-demand classes available that you can purchase separately.

The question or mock packages are of great value if you are looking for extra opportunities to practice working with questions. The standalone review course is worth considering if you are in the final stretch before the exam.

BEST TUTORING OPTIONMyGuru


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MyGuru offers affordable, individual tutoring from CFA charter holders, either in person or online. Candidates get a lot of flexibility with tutors, both in terms of when and how it takes place and also with regards to how many sessions are purchased.

Tutoring is often used as a supplement to in-person or online self-study, or an instructional course. An individual teacher is there to help you create a more customized study plan out of whatever materials or curriculum exists and focus on the topics and concepts that might be challenging. Of course, they can also become a mentor to you and help build confidence leading up to the exam date.

In contrast to online courses that include access to an instructor or mentor as part of a package in advance, you will get to choose how many lessons you need as you study. Plus, you will get personalized attention dedicated to your specific concerns. Costs vary but typically do not exceed $125 per hour, with lower pricing offered when students invest in a package of hours.

MOST PRICE OPTIONSWiley Efficient Learning


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Wiley Efficient Learning offers layers of packages that increase in price by how many materials you need. The standalone self-study course costs around $645 and notably includes questions and two mock exams. For about $995, you can get instruction in a live-on-line or video format, as well as the right to email questions to an instructor, flashcards, and other goodies.

For $1,395, Wiley throws in a review course, including an online class, a mock, and a book. There are fewer hours of video lectures and questions as candidates progress through the three exams. For tutoring, candidates get responses from instructors within 24 to 48 hours.

Wiley’s CFA offerings are up-to-date and don’t contain questions about topics long-gone from the curriculum.

When Can I Take the CFA Exam?

If you’re planning to take the CFA exam, they take place at different times throughout the year. To find a test date that works for you, check out the CFA Institute’s website.

Is Getting a CFA Worth It?

If you’re looking to advance your career in finance, the CFA exam is definitely worth taking. Considering the markets are always changing, becoming a certified CFA will provide you with a solid base of knowledge and opportunity to pursue a variety of jobs, including a relationship manager, research analyst, chief executive, financial advisor, corporate financial analyst, and more.

How We Chose the Best CFA Prep Courses

To help determine which CFA prep course is best for you, we compared which services stood out regarding pricing, value, packages, online and in-person course options, and the ability to purchase study materials individually. We also looked into how customizable the companies’ services were and which companies would offer money-back guarantees.

CFA® Level 2 Online Classes

  • 120 + Hours of HD Video Content with explanatory notes
  • CFA Online Classes with 91% past success rate
  • Unlimited doubt sessions over Skype, Phone call or Whatsapp
  • Solution bank of 1,400+ questions and summarized formula sheet
  • Adaptive exam planner with mock tests
  • Highly active Discussion Forum for doubt solving

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Classroom Training

Online Self Placed Video

Instructor-Led Training

Our Past Results

Essential Features

Trust and Confidence

We have trained 5,000+ CFA Aspirant. With enough experience in hand, our course is excellently structured.

Full-time Trainers

We don’t hire part time faculty. All our CFA trainers are fully employed with us to help you on every step.

High Passing Rate

We have been able to maintain a high passing rate of more than 90% in our CFA® Coaching.

Practical Learning Methods

We make sure you retain the learnings by using practical and real life examples.

CFA® Level 2 Course Curriculum

Chapter – 1

Ethical and Professional Standards

CFA Institute Code of Ethics and Standards of Professional Conduct and Guidance for Standards I – VII

This topic is fundamentally similar to the standards studied in Level 1 itself. However, the complexity with regards to the questions in examination is obviously expected to be higher.Application of the Code and Standards

Practical Case studies pertinent to the Codes and Standards discussed in the Reading 1 & 2 are discussed here.

Chapter – 2

Quantitative Methods

Introduction to Linear Regression

Linear Regression explains the change in one dependent variable in terms of the change in independent variable.Multiple Regression

Multiple Regression refers to the regression analysis with more than one independent variable.Time Series Analysis

Time Series is a set of data points indexed in a time order. Discussion around calculation of trend value , identifications of violations such as heteroskedasticity, nonstationarity and serial correlation.Machine Learning

The statistician models discussed in the previous topics assume a set of assumptions about the distribution of the data points, whereas the ML is the process of preparing a computer system to identify patterns within a large database without relying on any complicated assumptions.Big Data Projects

Big Data refers to the humongous volume of information available due to the modern technology. The topes focuses on the basic understanding the same including, terminology, processes and techniques.Probabilistic Approaches: Scenario Analysis, Decision Tree, and Simulations

Discussion about the utility of simulations as a risk assessment tool.

Chapter – 3

Economics

Currency Exchange Rates: Understanding Equilibrium Values

Discussion about base currency and quote currency, bid-ask spread, international PPP etc. This is a very testable portion in exam involving a lot of number crunching.Economic Growth and Investment Decisions

Economic growth is measured by growth in a country’s GDP. This topic discusses around the factors promoting/curtailing growth and forecasting growth. Overall, its an important topic in order to develop an overall viewpoint on the economy.Economics of Regulation

Regulations in an economy play a key role in the economic growth and valuation of an enterprise. This theoretical focuses on broad understanding of the types of regulations and its implications thereof.

Chapter – 4

Financial Reporting and Analysis

InterCorporate Investments

This chapter teaches us the accounting principles for holding, joint venture and associates.Employee Compensation: Post Employment and Share Based

Post Employment Compensation refers to the super annuation benefits. Share based payments includes the SARs and ESOPs.Multinational Operations

Discussion around local currency, functional currency and presentation currency and its relevance for multinational companies.Analysis of Financial Institutions

Accounting / Valuation of Financial Institutions (Banks, NBFCs and Insurance Companies) is peculiar in nature. This topic focuses on the same.Evaluating Quality of Financial Reports

CFA L2 curriculum focuses on the valuation aspect of the securities. If the quality of the financial reports are compromised, the end result would not be reliable either.Integration of Financial Statement Techniques

This topic is a bridge between FRA and equity/corporate finance.

Chapter – 5

Corporate Finance

Capital Budgeting Decisions

Capital Budgeting Decisions involve decisions pertaining to the long term capital allocation of an entity. Coverage: Calculation of NPV, IRR, Decision, Scenario Analysis and Decision Making.Capital Structure

This topic discusses various capital structure theories and its impact on the overall value of the firm.Analysis of Dividends and Share Repurchases

Disbursement of the profits realized by an entity is a critical decision. This topic explores various theories of dividend policy and stock buybacks.Corporate Governance and Other ESG Consideration in Investments

Corporate Governance is the first and foremost eligibility requirement for the security of a company to be investable Similarly, ESG (environmental, social and governance factors) also play a critical role in the analysis of the company.Merger and Acquisitions (M&A)

This topic performs an in-depth review of the corporate finance piece of the M&As. Its important to understand the accounting piece of the events post M&A had already been discussed in the topic 13.

Chapter – 6

Equity

Equity Valuation: Applications and Processes

This chapter provides a glimpse into the “equity” portion of the CFA L2 Curriculum.Return Concepts

Computation of the different types of return including HPR, returns based on CAPM, Fama Fench Model etc.Industry and Company Analysis

This topic focuses on the qualitative aspects of valuation framework and lays the foundation for the number oriented topics ahead in the curriculum.Discounted Dividend Valuation

Dividend Models utilize the forecasted dividends as an estimate of the cash flow to the shareholders. In this topic, we note various models around dividend decision of an entity.Free Cash Flow Valuation

Residual cash in the business in the hands of firm (bondholders and equityholders) is termed as FCFF. Similarly, residual cash is the hands of the equityholders is termed as FCFE. FCF is the single most important factor in computing the intrinsic value of an enterprise.Market Based Valuation: Price and Enterprise Based Value Multiples

Multiple Based valuation relies on the comparable (either price or transaction) to identify the value of the enterprise in question.Residual Income Valuation

This is yet another methodology to perform the valuation of an enterprise – although, the practical utility is industry is quite limited, but the testability from exam perspective is pretty relevant.Private Company Valuation

Broad discussion on the adjustments required in the methodologies discussed thus far to suit the needs of valuing a private company.

Chapter – 7

Fixed Income

The Term Structure and Interest Rate Dynamics

This topic lays the foundation for the fixed income subject. 1. Basics of interest rate term structure and its effect on the bond prices. 2. Discussion on forward rates, duration. 3. Discussion on Spreads.Arbitrage Free Valuation Framework (AFV Framework)

AFV method value the securities in such a manner that the possibility of riskless profits is negated.Valuation and Analysis of Bond with Embedded Options

Embedded Options would include call options, put options. The candidates are expected to understand the impact of options on bond’s duration and convexity.Credit Analysis Models

Credit Risk refers to the risk of default and deterioration in the credit quality (in case default does not occur) of the security.Credit Default Swaps

CDS is an insurance contract wherein the protection buyer is compensated by the protection seller in case of an credit event. This topic details the pricing and valuation of CDS along with utility of CDS in managing the credit exposure.

Chapter – 8

Derivatives

Pricing and Valuation of Forward Commitments

Forward Commitments refer to Forwards, FRAs, and Swaps. This topic expects you to have a grip over the pricing and valuation of the mentioned instruments.Pricing and Valuation of Forward Commitments

Contingent Claims refers to options. This topic expects you to have a grip over the pricing and valuation of the mentioned instruments.

Chapter – 9

Alternative Investments

Private Real Estate Investments

This topic focuses on the asset class of real estate and the nuances involved in the same.Publicly Traded Real Estate Securities

Publicly traded Real Estate Securities include REITS, MBS and REOCs.Private Equity Valuation

This topic review assesses the perspective of both, the private equity firm and its investors. It discusses pre-money and post-money valuation of the investee company.Introduction to Commodities and Commodity Derivatives

In this topic, a broad understanding of commodity market is provided to the reader along with the applicability of the overall learning and adjustments thereof with respect to the commodity market.

Chapter – 10

Portfolio Management

Exchange Traded Funds: Mechanics & Applications

ETFs represent securities in a benchmark portfolio that trades on secondary market. The discussion is basic in nature involving portfolio perspective on ETFs.Using Multifactor Models

This topic extends form the CFA L1 & CFA L2 discussion on multifactor models and its implications on an overall portfolio level.Measuring and Managing Market Risk

The different approaches to measuring risk includes VaR, sensitivity risk and scenario risk and its applicability on a portfolio.Economics and Investment Markets

Discussion around business cycles, sector rotations, business cycles, and cyclical effects on valuation multiples.Analysis of Active Portfolio Management

This topic explores an overall review of the portfolio management including active return including its bifurcation, Information ratio, Sharpe ratio etc.Trading Costs and Electronic Markets

In this topic, execution piece of an investment is focused upon.

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