As a CFA® Charterholder, you may be eligible to earn the prestigious CAIA® Charter through the CAIA Stackable Credential Program. This program allows you to earn the CAIA designation by only passing the Level II exam and joining the CAIA Association. Earning the CAIA Charter, stacked with your CFA Charter, provides a powerful boost to your credibility in alternative investments and expands your professional capabilities. 

CAIA Stackable Study Packages

Earning the CAIA designation, in conjunction with your CFA charter, provides an opportunity to advance your knowledge and credibility in alternative investments, to continue your professional development, and to enhance your professional career.
 
Each of the following study packages are optimized to help you efficiently and effectively prepare for the Level II exam. Each package includes a FREE equivalent Level I study package, so that you can review Level I topics as needed.

Study Package Comparison


Premium PackageEssentialPlus PackageEssential Package
OnDemand Class   
Core Study Tools   
Review Tools• Review Workshop• Review Workshop 
• 3 Mock Exams• 2 Mock Exams• 1 Mock Exam
• Schweser's Secret Sauce• Schweser's Secret Sauce 
Includes Free Equivalent Level 1 Package   
Pass Guarantee   

Premium Package

If you’re committed to passing the CAIA Level II exam, this is the ideal study program for you.  Get step-by-step guidance with everything you need to prepare for the exam.  This all-inclusive package strategically integrates expert Instruction, Review, and Core study tools to deliver a structured learning experience that provides the most efficient and effective path to success. 

This CAIA Stackable package also includes a FREE equivalent Level I study package, so that you can brush up on any Level I topics as needed.

The Premium Package Includes:

Instruction

Attend class on your own schedule with prerecorded sessions covering every reading in the CAIA Exam curriculum.

Review

Watch our review sessions on your schedule with hours of expert instruction and review that are all available for OnDemand viewing. You receive thorough review of key topics, practice questions and problem-solving techniques, and exam tips and strategies.

Full-length mock exams closely resemble the difficulty and length of the actual CAIA exam.

*Mock Exams 1, 2, & 3 are included in the Premium Package. Mock Exams 1 & 2 are included in the EssentialPlus Package. Mock Exam 1 is included in the Essential Package.

Take this compact book anywhere you go, printed or eBook, for a concise review of the CAIA® curriculum. Schweser's Secret Sauce® provides insights and exam tips on how to effectively prepare and apply your knowledge on exam day.

Core

Take the guesswork out of your study plan with strategically placed weekly tasks.

Access our community forum to engage with our experts and other CFA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. *Kaplan Schweser Community is currently only included in the March 2023 study packages.

This compact study tool summarizes key formulas, definitions, and concepts.

A collection of online reference videos that will prepare you for your studies.

Clear, concise study notes and examples that cover every topic plus questions to check your understanding.

Build custom exams to quiz yourself on what you've learned.

Pass Guarantee

Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.

Purchase Options:

March Exam
September Exam

Eligibility and Application

The minimum criteria for eligibility in the CAIA Stackable Program are as follows. Applicants:

  • Must have no existing CAIA exam history, (examples of exam history include those who have registered for or passed/failed the Level I or Level II exam)
  • Must be a CFA charterholder, in good standing, and
  • Must have a digital badge, verifiable by CAIA Association.

More information about the CAIA Stackable Credential Program eligibility criteria and registration information, can be found on the CAIA Association website.

To apply for the Stackable Credential Program, visit CAIA’s Registration & Fees page to begin the process. Association Partnership discounts may apply where applicable.

EssentialPlus Package

Improve the likelihood of passing the CAIA Level II exam by building your knowledge about alternative investments with a comprehensive self-study package.  Your package includes an activity feed and proven study tools designed to effectively guide you through all exam topics at your own pace.  It also includes our OnDemand Review Workshop and mock exams - the ideal way to wrap up your studies. 

This CAIA Stackable package also includes a FREE equivalent Level I study package, so that you can brush up on any topics as needed.

The EssentialPlus Package Includes:

Review

Watch our review sessions on your schedule with hours of expert instruction and review that are all available for OnDemand viewing. You receive thorough review of key topics, practice questions and problem-solving techniques, and exam tips and strategies.

Full-length mock exams closely resemble the difficulty and length of the actual CAIA exam.

*Mock Exams 1, 2, & 3 are included in the Premium Package. Mock Exams 1 & 2 are included in the EssentialPlus Package. Mock Exam 1 is included in the Essential Package.

Take this compact book anywhere you go, printed or eBook, for a concise review of the CAIA® curriculum. Schweser's Secret Sauce® provides insights and exam tips on how to effectively prepare and apply your knowledge on exam day.

Core

Take the guesswork out of your study plan with strategically placed weekly tasks.

Access our community forum to engage with our experts and other CFA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. *Kaplan Schweser Community is currently only included in the March 2023 study packages.

This compact study tool summarizes key formulas, definitions, and concepts.

A collection of online reference videos that will prepare you for your studies.

Clear, concise study notes and examples that cover every topic plus questions to check your understanding.

Build custom exams to quiz yourself on what you've learned.

Pass Guarantee

Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.

Purchase Options:

March Exam
September Exam

Eligibility and Application

The minimum criteria for eligibility in the CAIA Stackable Program are as follows. Applicants:

  • Must have no existing CAIA exam history, (examples of exam history include those who have registered for or passed/failed the Level I or Level II exam)
  • Must be a CFA charterholder, in good standing, and
  • Must have a digital badge, verifiable by CAIA Association.

More information about the CAIA Stackable Credential Program eligibility criteria and registration information, can be found on the CAIA Association website.

To apply for the Stackable Credential Program, visit CAIA’s Registration & Fees page to begin the process. Association Partnership discounts may apply where applicable.

Essential Package

Prepare for the CAIA Level II exam with a self-study package that provides you with the proven core study tools that empower you to prepare at your own pace.  You get a clear and concise set of study notes that cover all exam topics, a bank of practice questions to build custom quizzes, the ability to ask questions of instructors, a mock exam that simulates the actual CFA exam, and more.  The included activity feed sequentially guides you through your studies using these tools.

This CAIA Stackable package also includes a FREE equivalent Level I study package, so that you can brush up on any topics as needed.    

The Essential Package Includes:

Review

Full-length mock exams closely resemble the difficulty and length of the actual CAIA exam.

*Mock Exams 1, 2, & 3 are included in the Premium Package. Mock Exams 1 & 2 are included in the EssentialPlus Package. Mock Exam 1 is included in the Essential Package.

Core

Take the guesswork out of your study plan with strategically placed weekly tasks.

Access our community forum to engage with our experts and other CFA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. *Kaplan Schweser Community is currently only included in the March 2023 study packages.

This compact study tool summarizes key formulas, definitions, and concepts.

A collection of online reference videos that will prepare you for your studies.

Clear, concise study notes and examples that cover every topic plus questions to check your understanding.

Build custom exams to quiz yourself on what you've learned.

Pass Guarantee

Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.

Purchase Options:

March Exam
September Exam

Eligibility and Application

The minimum criteria for eligibility in the CAIA Stackable Program are as follows. Applicants:

  • Must have no existing CAIA exam history, (examples of exam history include those who have registered for or passed/failed the Level I or Level II exam)
  • Must be a CFA charterholder, in good standing, and
  • Must have a digital badge, verifiable by CAIA Association.

More information about the CAIA Stackable Credential Program eligibility criteria and registration information, can be found on the CAIA Association website.

To apply for the Stackable Credential Program, visit CAIA’s Registration & Fees page to begin the process. Association Partnership discounts may apply where applicable.

CAIA Level II Package 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 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 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.

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