CAIA Association to investment professionals who complete a course of study and pass two examinations. The CAIA curriculum is designed to provide finance professionals with a broad base of knowledge cfa exam level 1 pdf alternative investments.
The CAIA Association is an independent, not-for-profit, global organization committed to education and professionalism in the field of alternative investments. CAIA designees are required to maintain membership in the CAIA Association and adhere to professional and ethical standards. The JAI is one of nine journals published by Institutional Investor Journals. The CAIA program is divided into two levels. The Level I curriculum focuses on the fundamentals of alternative investment markets, while Level II concentrates on advanced topics in alternative investments. Both levels take a global perspective and incorporate issues of ethics and professional conduct.
Candidates can take exams from anywhere in the World. The CAIA Level I exam consists of 200 multiple-choice questions. The Level I curriculum covers eight topics, listed below. CAIA Level I candidates are assumed to have an elementary undergraduate understanding of the basic concepts of traditional finance and quantitative analysis.
The CAIA Association recommends that candidates devote 200 or more hours of study to preparation for the Level I exam. The Level II curriculum is broadly divided into two sections: alternative investments and Core and Integrated Topics. Candidates must apply the skills and knowledge from Level I to gain a deeper understanding of issues involved in each of the areas of alternative investments. The Core and Integrated Topics text is updated annually to reflect the latest industry and research developments. The CAIA Association recommends that candidates devote 200 or more hours of study to preparation for the Level II exam. Grading begins once the examination window is closed, and Level I results are posted within three weeks after the final examination day.
Level II exam results are available within six weeks after the last exam day, due to the need to grade essay questions. The percentage of candidates that pass the CAIA exams changes from exam to exam. CAIA Level I and Level II exams on first attempts. Candidates may augment their study of the CAIA curriculum materials with third-party preparation programs.