Studying for the Level II 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 II exam is hard work. CAIA Association recommends you aim to spend at least 200 hours preparing for the Level II 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 II, but you will face greater challenges than those who do have a finance-based education.

Level II Curriculum

  • Professional Standards and Ethics
  • Current and Integrated Topics
  • Asset Allocation and Portfolio Management
  • Private Equity
  • Real Assets
  • Commodities
  • Hedge Funds and Managed Futures
  • Structured Products