UpperMark
Leading Provider of CAIA Study Materials 
Our ProductsOur ServicesAbout UsCAIA ProgramCAIA Exam BlogFAQsContact Us
               
 
 
CAIA Curriculum
Becoming a CAIA
Charter Holder
The CAIA Examinations

Our Products
Level I
Level II
 
 
 

The CAIA Examinations

The CAIA program is divided into two levels. The exams are administered worldwide in March and September of each year.

Exam & registration dates for upcoming exams

September 2019

Registration opens: 1 April, 2019
Early registration ends: 13 May, 2019
Registration closes: 5 Aug, 2019

Level I exam period: 2–13 Sept, 2019
Level II exam period: 16–27 Sept, 2019

March 2020

Registration opens: 1 Oct, 2019
Early registration ends: 13 Nov, 2019
Registration closes: 5 Feb, 2020

Level I exam period: 2-13 March, 2020
Level II exam period: 16–27 March, 2020

Level I Exam

The Level I exam tests candidates' understanding of the terms and tools used to describe and analyze alternative investment spaces, as well as standards of professional conduct. It is comprised of 200 multiple-choice questions. It is a 4-hour exam, administered in two 2-hour sessions, with an optional 30-minute break between Sections 1 and 2 of the exam.

Level II Exam

The Level II exam covers advanced topics in the field of alternative investments, as well as standards of professional conduct. Section 1 of the exam is comprised of 100 multiple-choice questions and Section 2 is comprised of three multi-part constructed-response questions. Level II is a 4-hour exam, administered in two 2-hour sessions, with an optional 30-minute break between Sections 1 and 2. In Section 2, candidates are asked to read a question comprised of several parts and then type a brief response to each part.

The Level I and Level II exams must be taken in succession in different test periods.

Key Equations

Candidates should note that only some key equations may be provided on the exam. Many equations will need to be memorized.

Calculators

The CAIA Association only permits the use of the Texas Instruments (TI) BA II Plus (and TI BA II Plus Professional) or the HP 12C (and the HP 12C Platinum). No other calculators are allowed in the testing centers. Exam proctors require that the calculator memory be cleared prior to the start of the exam.


About UsShippingReturnsPrivacy PolicyLegalContact UsHome