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CAIA Exam Preparation

CAIA® Exam Details

Launched in 2002 and sponsored by CAIA Association, the Chartered Alternative Investment Analyst℠ (CAIA) Charter is the only educational standard uniquely designed for individuals specializing in alternative investments.
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About the CAIA Program

Launched in 2002 and sponsored by CAIA Association®, the Chartered Alternative Investment AnalystSM (CAIA®) Charter is the only educational standard uniquely designed for individuals specializing in alternative investments. The CAIA Program has two exams (Levels I, II ) taken in order. Completion of the CAIA program demonstrates an understanding of alternative investments, including hedge funds, real assets, private equity, and structured products.

CAIA Level I Exam Details

CAIA Level II Exam Details

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What Is CAIA Computer-Based Testing Like? Learn everything you need to know about this computer-based exam.

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How to Pass CAIA Level I Exam - Kaplan Schweser

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Becoming a CAIA Charterholder

Level I CAIA Exam FAQ: Chartered Alternative Investment Analyst

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Free Trial Offer: One (1) free trial per user shall apply. Access to free trial of CAIA prep valid for 7 days. Access period begins upon the first day of log in and must be initiated within 300 days of initial access. Cannot be combined with any other promotion or offer. Kaplan reserves the right to discontinue at any time.

CAIAA does not endorse, promote, review or warrant the accuracy of the products or services offered by Kaplan Schweser, nor does it endorse any pass rates claimed by the provider. CAIAA is not responsible for any fees or costs paid by the user to Kaplan Schweser, nor is it responsible for any fees or costs of any person or entity providing any services to Kaplan Schweser. CAIA®, CAIA Association®, Chartered Alternative Investment AnalystSM, Chartered Alternative Investment Analyst Association®, FDP®, FDPI®, and Financial Data Professional Institute® are service marks and trademarks owned by CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC., a Massachusetts nonprofit corporation with its principal place of business at Amherst, Massachusetts, and are used by permission. Kaplan Schweser's exam preparation products are not available to residents of countries or regions subject to technology or economic and/or trade sanctions by the Office of Foreign Assets (OFAC) or other authorities including Cuba, Iran, North Korea, Syria, or Ukraine (Crimea Region).

PassProtection™: Terms and conditions apply. Learn more at www.schweser.com/caia/pass-protection.

Terms and Conditions: 20% off applies to Premium Study Packages for CAIA® Level I and Level II September 2026 exams only. This offer cannot be used in conjunction with other discounts or promotions, cannot be applied to previous purchases, extensions, or state fees, and is not redeemable for cash value. Offer begins April 6, 2026, and expires at 11:59 pm CT June 11, 2026.