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CAIA® Exam FAQs
Registration fees vary based on how early you sign up and if you are a repeat or first-time test taker. First-time test takers registration can cost between $1,395-$1,795 for Level I and between $995-$1,395 for Level II. The retake fee is $450.
For more information about registration fees, visit the CAIA Association website.
The CFA exam is harder according to both student surveys and official pass rates. Only 43% of CFA test takers pass Level 1, with 47% passing Level 2 and 54% passing Level 3, whereas for CAIA, pass rates are higher for both Level 1 (52%) and Level 2 (65%).