Studying for the Level I exam is crucial, and it takes a substantial effort.

There are no shortcuts. The one thing standing between you and success on the CAIA Level I exam is hard work. CAIA Association recommends you aim to spend at least 200 hours preparing for the Level I exam. Schweser’s Prepare, Practice, Perform® methodology gives you the structure you need to get the most out of your study time.

Previous Knowledge

Prior to enrolling in the CAIA program, you are required to have a bachelor’s degree, or be in the final year of a bachelor’s degree program. That degree does not need to be in a particular area of study, but you will be in a much stronger position if your education is finance-based. The CAIA program is designed to be a supplement to a finance-related education and investment experience already completed by an investment professional. In short, you don’t need to have a finance degree to sit for Level I, but you will face greater challenges than those who do have a finance-based education.

Level I Curriculum

  • Professional Standards and Ethics
  • Introduction to Alternative Investments
  • Real Assets
  • Hedge Funds
  • Private Equity
  • Structured Products
  • Risk Management and Portfolio Management