The CAIA program is organized into two levels, with Level I using investment analytics to examine the fundamentals of each alternative asset class. Level II applies these analytics within an asset allocation and decision-making framework. Both incorporate segments on ethics and professional conduct - essential components of the CAIA program. The CAIA Association recognizes the work of the CFA Institute in developing the internationally accepted Standards of Practice Handbook and has incorporated it into the CAIA curriculum.
For an explanation of the steps required to start on the path toward CAIA membership, as well as information about exam structure, test locations and dates, and fees, view the CAIA Program Process page.
Look through CAIA's Program Materials pages to purchase the books which make up the CAIA curriculum and to download CAIA's Study Guides. In addition to these primary study materials, you can find lists of sample questions and links to Preparatory Program Providers.
If you benefit from studying in groups, visit the Study Group Forums page to find CAIA candidates in your area who are interested in working with others to prepare for the exams.
Read through our Frequently Asked Questions pages for responses to candidates' most common inquiries about the program, grading process, and fees.
Finally, the Candidate Handbook compiles all of the information CAIA candidates need, from registration day through results-delivery day and beyond, into a convenient and detailed PDF document.
