Level II Topic Outlines
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The curriculum is organized into topics, and each topic contains learning modules. There are learning outcome statements at the beginning of each learning module.
Below you'll find current outlines by level. Each outline includes learning outcome statements (LOS) and source references for the readings.
2025 Level II Topic Outlines
| Topic | Exam Weight | ||
|---|---|---|---|
| Quantitative Methods |
5–10% | ||
| Economics |
5–10% | ||
| Financial Reporting and 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% | ||
| Ethical and Professional Standards |
10–15% |
2024 Level II Topic Outlines
| Topic | Exam Weight | ||
|---|---|---|---|
| Quantitative Methods |
5–10% | ||
| Economics |
5–10% | ||
| Financial Reporting and 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% | ||
| Ethical and Professional Standards |
10–15% |
2023 Level II Exam Topic Outlines
| Topic | Exam Weight | ||
|---|---|---|---|
| Quantitative Methods |
5–10% | ||
| Economics |
5–10% | ||
| Financial Reporting and 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% | ||
| Ethical and Professional Standards |
10–15% |