All you need to know about the CAIA® exam
The CAIA® curriculum reflects the investment profession's current theory and practice with an emphasis on asset valuation and portfolio management.
|Professional Standards and Ethics||15% – 20%|
|Introduction to Alternative Investments||20% – 25%|
|Real Assets (including Commodities)||10% – 20%|
|Hedge Funds||10% – 20%|
|Private Equity||5% – 10%|
|Structured Products||10% – 15%|
|Risk Management and Portfolio Management||5% – 10%|
|Professional Standards and Ethics||0%||10%|
|Core and Integrated Topics||0%||10%|
|Asset Allocation and Institutional Investors||8% – 12%||0% – 10%|
|Private Equity||11% – 15%||0% – 10%|
|Real Assets||13% – 17%||0% – 10%|
|Commodities||5% – 7%||0% – 10%|
|Hedge Funds and Managed Futures||18% – 22%||0% – 10%|
|Structured Products||5% – 7%||0% – 10%|
CAIA® Exam Format
The CAIA® Exam is a computer exam given in two levels. It is offered exclusively in English, twice a year in Mars and September,in many sites around the world.
Two types of questions
Multiple ChoiceMultiple-choice questions have four answer choices. All questions for a topic are grouped together and some questions are presented in item sets.
Constructed-ResponseYou will be tested on specific types of response, such as descriptions, calculations, or arguments. Candidates will not be penalized for incorrect grammar or spelling.
Scoring & Results
Level I results are released within three weeks after the last examination day. Level II results are generally released within six weeks after the last examination day.
March 2016 Level I