CFALevel 220-week plan
Balanced pace

20-week CFA Level 2 Study Plan

A 20-week CFA Level 2 study plan covers roughly 350 hours at ~18 hours per week. This is the sweet spot for most working professionals. You get full coverage plus meaningful review time.

Timeline
20 weeks
Hours per week
~18
Total hours
~350
Plan setup
ExamSun, Oct 11, 2026· Week 2020 weeks · ~18h/week

20-week CFA Level 2 activity tracker

A visual preview of how exclam.ai turns this 20-week CFA plan into daily coverage, review, flashcard, quiz, and mock streaks. Adjust the start date and review week to match your exam timeline.

Preview · planner-style activity
0 / 6
EP today
5d
projected
119
study days
18h
350h total
20w
to exam
JunJulAugSepOct
lighter dayfull targetforecastModule startReviewMocksExam

Week-by-week module breakdown

A 20-week CFA Level 2 plan walks the syllabus module-by-module — heavier-weighted topics get more weeks, lighter ones either get a single week or pair with adjacent topics on intensive paces. Ethics is placed last so it stays fresh going into the exam. Review and mock phases follow the coverage modules.

Module 1 of 10
Week 1
Exam weight 5–10%

Quantitative Methods

Cover Quantitative Methods end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 2 of 10
Week 2
Exam weight 5–10%

Economics

Cover Economics end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 3 of 10
Weeks 3–4
Exam weight 10–15%

Financial Statement Analysis

Cover Financial Statement Analysis end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 4 of 10
Week 5
Exam weight 5–10%

Corporate Issuers

Cover Corporate Issuers end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 5 of 10
Week 6
Exam weight 10–15%

Equity Investments

Cover Equity Investments end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 6 of 10
Week 7
Exam weight 10–15%

Fixed Income

Cover Fixed Income end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 7 of 10
Week 8
Exam weight 5–10%

Derivatives

Cover Derivatives end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 8 of 10
Week 9
Exam weight 5–10%

Alternative Investments

Cover Alternative Investments end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 9 of 10
Week 10
Exam weight 10–15%

Portfolio Management

Cover Portfolio Management end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 10 of 10
Week 11
Exam weight 10–15%

Ethical and Professional Standards

Cover Ethical and Professional Standards end-to-end. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Phase: Review
Weeks 12–16

Review

Weak-topic drilling. exclam.ai surfaces topics where you underperformed during coverage and re-quizzes them. Daily FSRS flashcard reps across all 10 topics to prevent decay. Start doing timed question batches focused on the heaviest-weight sections.

Phase: Mocks
Weeks 17–20

Mocks

Full-length CFA Level 2 practice exams under timed conditions. Target one mock every 3–5 days. Same-day error review: for every question you miss, re-derive the solution from scratch. Taper in the final 3 days — light flashcards only.

What this plan covers

CFA Level 2 has 10 topic areas. This plan allocates time across all of them, weighted by the approximate exam weights.

Quantitative Methods
5–10%
Economics
5–10%
Financial Statement Analysis
10–15%
Corporate Issuers
5–10%
Equity Investments
10–15%
Fixed Income
10–15%
Derivatives
5–10%
Alternative Investments
5–10%
Portfolio Management
10–15%
Ethical and Professional Standards
10–15%

Is a 20-week plan right for you?

This plan works if…

  • You can commit 18 hours per week consistently
  • You want full coverage plus meaningful review time
  • You are working or studying full-time alongside prep
  • You want time for multiple mock exams

Consider a different plan if…

  • ×You have less than 15 hours per week available
  • ×Your exam is fewer than the full plan length away

Other Level 2 durations

Start your 20-week CFA plan

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