Exam prep mocks · free for first 20 mock starts
Free CFA Level 2 Readiness Check
60 questions · 90 min · 70% pass target · free
- Questions
- 60
- Timing
- 90 minutes
- Pass threshold
- 70%
Topic breakdown ▾
- Ethical and Professional Standards — 6 questions
- Quantitative Methods — 6 questions
- Economics — 6 questions
- Financial Statement Analysis — 6 questions
- Corporate Issuers — 6 questions
- Equity Valuation — 6 questions
- Fixed Income — 6 questions
- Derivatives — 6 questions
- Alternative Investments — 6 questions
- Portfolio Management — 6 questions
This is an independent readiness diagnostic. It is not official FINRA, CFA Institute, or GARP exam material and does not guarantee an exam result.
About this practice testAudience, topics, and how this check fits your study plan
A timed CFA Level 2 readiness diagnostic with vignette-style application prompts across ethics, FSA, equity, fixed income, derivatives, and portfolio management.
Built for: CFA Level 2 candidates who passed Level 1 and want a baseline before item-set practice blocks.
Topics: Ethical and Professional Standards, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity Valuation, Fixed Income, Derivatives, Alternative Investments, Portfolio Management.
- 60 timed multiple-choice questions
- 90-minute pacing target
- 70% pass threshold with topic breakdown
- Full answer review linked to the Anki deck
Mocks and full reports are free for the first 20 mock starts while we validate demand. After that, access moves to paid Gumroad checkout.
Drill weak topics with CFA Level 2 flashcardsFAQFormat, scoring, and independent prep disclaimer
- Is there a free CFA Level 2 practice test?
- Yes. UniPrep2Go offers a free online CFA Level 2 practice test at https://uniprep2go.study/mock-exams/cfa-level-2-readiness-check with 60 timed questions, 90 minutes, a 70% pass target, topic scoring, and a full answer review report. Free for first 20 mock starts.
- How many questions are on this CFA L2 Readiness?
- This mock exam has 60 multiple-choice questions timed against a 90-minute target. Readiness check sampled across CFA Level 2 topic weights with vignette-style application prompts. Not a full CFA Institute mock exam.
- What score do you need to pass this CFA L2 Readiness?
- The pass target on this mock is 70%. Your report also breaks down performance by topic so you can see weak areas before retaking the real exam.
- Who should take this CFA L2 Readiness?
- CFA Level 2 candidates who passed Level 1 and want a baseline before item-set practice blocks.
- Where can I take a CFA Level 2 practice test online?
- UniPrep2Go hosts the Free CFA Level 2 Readiness Check at https://uniprep2go.study/mock-exams/cfa-level-2-readiness-check with a timed runner and full readiness report.
- Is this official exam material?
- No. This is an independent readiness diagnostic. It is not official FINRA, CFA Institute, or GARP exam material and does not guarantee an exam result.
- What does the report show after the mock?
- The report includes a pass/no-pass verdict with explanation, weighted topic diagnosis, pacing analysis, full question review with deck-backed explanations, and a repair plan linked to the Anki deck. If the verdict is no-pass or borderline, the linked deck is the recommended remediation path before retaking.
- Where do the questions come from?
- Questions are converted from the linked UniPrep2Go Anki deck CSV source, reshuffled into multiple-choice format with distractors drawn from sibling deck cards.
Official exam factsOfficial format, domain weights, and verify links
The CFA Level 2 exam uses vignette-based item sets for investment professionals who passed Level 1. This page summarizes exam structure, topic weights, and independent UniPrep2Go study products (not official CFA Institute material).
- Questions
- 88 vignette-linked multiple-choice (22 item sets × 4 questions per session; 2 sessions)
- Time
- 4 hours 24 minutes total (two 132-minute sessions with optional break)
- Passing score
- No fixed passing score published; CFA Institute sets the MPS each cycle
- Delivery
- Computer-based at Prometric test centers
- Administered by
- CFA Institute
Knowledge domains and weights
| Domain | Weight |
|---|---|
| Ethical and Professional Standards | 10–15% |
| Quantitative Methods | 5–10% |
| Economics | 5–10% |
| Financial Statement Analysis | 10–15% |
| Corporate Issuers | 5–10% |
| Equity Valuation | 10–15% |
| Fixed Income | 10–15% |
| Derivatives | 5–10% |
| Alternative Investments | 5–10% |
| Portfolio Management | 10–15% |
High-yield facts (commonly tested)
- Level 2 tests application in vignettes — formulas must be tied to a short case, not recalled in isolation.
- FCFF = NI + NCC + Int(1 − t) − FCInv − WCInv; FCFE = NI + NCC − FCInv − WCInv + Net Borrowing.
- Pension accounting (IFRS vs U.S. GAAP) and intercorporate investments are core FSA vignette topics.
- Arbitrage-free fixed income valuation and binomial trees appear frequently in fixed income item sets.
- Ethics at Level 2 emphasizes the Code and Standards applied to portfolio management and research conflicts.
Verify current exam fees, scheduling, and administrative details at www.cfainstitute.org/programs/cfa-program/candidate-resources/level-ii-exams. Independent study aid — not official exam material.