CAIA® Level II Exam

Congratulations…you are ready to move on to Level II of the CAIA exam! Level II focuses on applying the tools of the trade learned in Level I through deep analysis of alternative investments and their use in the investment process. The exam consists of 100 multiple-choice questions and three sets of constructed response (essay) questions. With this exam format, it is extremely important that you familiarize yourself with the curriculum and can formulate written responses quickly and accurately. Learn the intricacies of the Level II exam from CAIA instructors who have experienced the exam firsthand…and passed.

When you study with Schweser you get...

  • Years of Experience—With over 25 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—97.7% 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.

  • Safeguard for Your Success—The Schweser Commitment guarantees you’ll pass, or we’ll cover the costs of your study package next time around.


"The Schweser materials are my go-to for test prep. Their reading materials and online QBank are the most comprehensive tools for test preparedness."

Sonali, W., L2 Candidate

"Kaplan Schweser's prep materials are second to none. They are thorough and well organized. They were essential in helping me pass the CAIA exam while juggling a demanding job and an active family life."

Matthew O., CFA, CAIA

"The Schweser materials are my go-to for test prep. Their reading materials and online QBank are the most comprehensive tools for test preparedness."

Sonali, W., L2 Candidate

"Kaplan Schweser's prep materials are second to none. They are thorough and well organized. They were essential in helping me pass the CAIA exam while juggling a demanding job and an active family life."

Matthew O., CFA, CAIA

"The Schweser materials are my go-to for test prep. Their reading materials and online QBank are the most comprehensive tools for test preparedness."

Sonali, W., L2 Candidate