Exam Domains

1 Universal Investment Considerations Weight not published

2 Real Assets Weight not published

3 Hedge Funds Weight not published

4 Private Equity Weight not published

5 Structured Products Weight not published

6 Risk and Risk Management Weight not published

7 Manager Selection, Due Diligence, and Regulation Weight not published

Exam Details

Question TypesMultiple Choice, Essay — Level II

FormatLinear (computer-based)

Online ProctoringAvailable

ID RequirementsOne valid, unexpired government-issued photo ID. Name must match CAIA registration exactly.

RenewalRequired -- Annual CAIA Association membership dues required to maintain charter. Members also encouraged to complete continuing education through CAIA's digital badges and CPD program.

PrerequisitesMust pass CAIA Level I before registering for Level II; 1 year of professional experience in alternative investments OR undergraduate degree in a related field

Retake PolicyExams offered twice per year (March and September). No limit on total attempts. Full retake fee required.

LanguagesEnglish

CAIA Level II Exam (CAIA Level II) Exam Blueprint

Exam Domains

Exam Details

Official Study Resources