Level I CAIA® Exam

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Level I CAIA Study Packages


Level I Exam

March & September 2023

Level I CAIA Exam Details 

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Level I Study Packages

Designed for You to Pass

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Years of Experience
With over 30 years of experience, more candidates have trusted Kaplan Schweser for their exam prep than any other provider.

A Proven Record of Success by Your Peers
95% of Schweser CAIA students would confidently recommend Kaplan Schweser exam prep to future candidates like you.
A Team of Experts
Our world-class instructors are all CAIA charterholders with years of teaching and industry credentials.

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Schweser’s Pass Protection guarantees you’ll pass, or we’ll cover the costs of your study package next time around.

Our Dynamic Approach to CAIA Exam Success Offers a Wide Variety of Options, but Only One Outcome.

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Level I CAIA® Exam FAQs

How to Pass the CAIA® Level I Exam:

  • Tip #1: Familiarize Yourself with the CAIA® Exam Format
  • Tip #2: Start Studying Early
  • Tip #3: Don't Try to Study for the CAIA® Exam All on Your Own
  • Tip #4: Focus on Technique, Not Just Concepts
  • Tip #5: Don't Panic on Exam Day

Read more about how to increase the likelihood you'll pass the Level I CAIA® exam.

The CAIA exam pass rate for Level I is estimated to be about 60%. However, only 40% of candidates who begin the program actually earn the charter. You can greatly improve your odds of success by learning from other candidates’ experiences and avoiding common study mistakes.

Access to 2023 online materials expires on the following dates:

  • CAIA March 2023 exam products: access expires on April 30, 2023
  • CAIA September 2023 exam products: access expires on October 31, 2023

Kaplan Schweser releases a new version of products every year as the CAIA curriculum changes. Shared use is strictly prohibited.

The Level I CAIA exam is 200 multiple-choice questions. The exam length is four hours. There are 100 questions in the first two hours, followed by a break, and then 100 more questions in the last two hours.

CAIA Association recommends that candidates spend 200 hours studying for the CAIA exam. And, you should do that over a period of a several months. Cramming in the last few weeks for the exam won’t work. The topics you’re being tested on require a type of knowledge that can only be gained over a structured, careful course of study—not last-minute, frantic reviews of core materials.