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Limited Time Savings: Take 20% off a March 2023 Premium CAIA® Study Package Through December 1. Select your CAIA Premium Package »

Compare CAIA® Level II Study Packages

RECOMMENDED
Premium Package
Starting at $799.00
$999.00
EssentialPlus Package
$699.00
Essential Package
$499.00
Instruction

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

Instruction

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

Includes CAIA - OnDemand Class
Instruction

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

CAIA - OnDemand Class not included
Instruction

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

CAIA - OnDemand Class not included
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.

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.

Includes CAIA - OnDemand Review Workshop
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.

Includes CAIA - OnDemand Review Workshop
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.

CAIA - OnDemand Review Workshop not included

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.

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.

Includes CAIA - Online Mock Exam

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.

Includes CAIA - Online Mock Exam

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.

Includes CAIA - Online Mock Exam

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.

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.

Includes CAIA - Schweser's Secret Sauce

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.

Includes CAIA - Schweser's Secret Sauce

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.

CAIA - Schweser's Secret Sauce not included
Core
Take the guesswork out of your study plan with strategically placed weekly tasks.
Core
Take the guesswork out of your study plan with strategically placed weekly tasks.
Includes CAIA - Activity Feed
Core
Take the guesswork out of your study plan with strategically placed weekly tasks.
Includes CAIA - Activity Feed
Core
Take the guesswork out of your study plan with strategically placed weekly tasks.
Includes CAIA - Activity Feed

Ask questions, and receive answers from an instructor at any time.

Ask questions, and receive answers from an instructor at any time.

Includes CAIA - InstructorLink

Ask questions, and receive answers from an instructor at any time.

Includes CAIA - InstructorLink

Ask questions, and receive answers from an instructor at any time.

Includes CAIA - InstructorLink

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.

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.

Includes CAIA - Kaplan Schweser Community

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.

Includes CAIA - Kaplan Schweser Community

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.

Includes CAIA - Kaplan Schweser Community
This compact study tool summarizes key formulas, definitions, and concepts.
This compact study tool summarizes key formulas, definitions, and concepts.
Includes CAIA - QuickSheet
This compact study tool summarizes key formulas, definitions, and concepts.
Includes CAIA - QuickSheet
This compact study tool summarizes key formulas, definitions, and concepts.
Includes CAIA - QuickSheet
A collection of online reference videos that will prepare you for your studies.
A collection of online reference videos that will prepare you for your studies.
Includes CAIA - Resource Library
A collection of online reference videos that will prepare you for your studies.
Includes CAIA - Resource Library
A collection of online reference videos that will prepare you for your studies.
Includes CAIA - Resource Library
Clear, concise study notes and examples that cover every topic plus questions to check your understanding.
Clear, concise study notes and examples that cover every topic plus questions to check your understanding.
Includes CAIA - SchweserNotes
Clear, concise study notes and examples that cover every topic plus questions to check your understanding.
Includes CAIA - SchweserNotes
Clear, concise study notes and examples that cover every topic plus questions to check your understanding.
Includes CAIA - SchweserNotes
Build custom exams to quiz yourself on what you've learned.
Build custom exams to quiz yourself on what you've learned.
Includes CAIA - SchweserPro QBank
Build custom exams to quiz yourself on what you've learned.
Includes CAIA - SchweserPro QBank
Build custom exams to quiz yourself on what you've learned.
Includes CAIA - SchweserPro QBank
These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

Includes CAIA - Topic Quizzes
These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

Includes CAIA - Topic Quizzes
These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

Includes CAIA - Topic Quizzes
Pass Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Pass Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Includes CAIA - Schweser's PassProtection
Pass Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Includes CAIA - Schweser's PassProtection
Pass Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Includes CAIA - Schweser's PassProtection
March Exam
September Exam
March Exam
September Exam
March Exam
September Exam

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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 online products for the March & September 2022 exams expires on October 31, 2022. Access to online products for the March & September 2023 exams 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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