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Level II CAIA® Exam

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Level II CAIA Study Packages


 


Level II Exam


March & September


Level II CAIA Exam Details 




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Level II Study Packages


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When You Study With Kaplan Schweser You Get…

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.

Safeguard for Your Success
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 II CAIA® Exam FAQs

How to Pass the CAIA® Level II Exam:

  • Tip #1: Know What You’re Preparing for
  • Tip #2: Get an Early Start on Studying
  • Tip #3: Use a Structured Study Plan
  • Tip #4: Prepare for Constructed Response
  • Tip #5: Set Yourself up for Success on Exam Day

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

The Level II exam is intense, and the constructed response portion only adds to the difficulty. You will need every bit of your 200 hours or more to prepare…and practice is key. Some self-directed and motivated candidates are able to pass the Level II CAIA exam using a course of self-study, but many use an exam prep package or classes to stay organized and ensure they are prepared for exam day.

Access to online products for the September 2021 exam expires on October 15, 2021. Access to online products for the March & September 2022 exams expires on October 31, 2022.

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

The Level II CAIA exam is a four-hour exam composed of 100 multiple-choice questions and three sets of constructed-response (essay-type) questions, all of which measure your knowledge of the CAIA Level II curriculum. The multiple-choice questions count for 70% of your score, and the constructed response questions count for 30%. You have two hours to complete the multiple-choice question section and two hours to complete the constructed-response section.

 
The Level I CAIA exam tests your understanding of the tools used to analyze alternative investments. Level II tests your ability to apply these tools to analyze and invest in alternative investments. Like Level I, Level II has a multiple-choice portion; however, Level II also has essay questions, called the constructed response portion.