Understand what CAIA tests, choose your level, and find its study plan, topics, and practice.
2 levels
Level I establishes the asset classes and analytical tools. Level II applies them to investment decisions and includes constructed responses. Multiple-choice practice alone does not cover the entire Level II format.
Find a study guide or topic lessonTools and alternative asset classes. Two timed sections of 130 minutes; 200 multiple-choice questions.
Application of alternatives in portfolios. Section 1: 100 MCQ (130 minutes). Section 2: three constructed-response sets (130 minutes). Handbook allocates roughly 70% MCQ / 30% constructed response.
Testing time excludes check-in and additional scheduled breaks. The topic lists orient your preparation; use the full guide and official syllabus for weights, outcomes, and changes affecting your sitting.
Start with a guide, or narrow the list to the material you need.
41 resources to explore