The CAIA program was designed to facilitate self-learning for today's busy professional. The CAIA study guides make up the foundation of the program and, in conjunction with the curriculum readings, allow candidates to prepare adequately for the CAIA exams. The study guides offer clear instructions for successful preparation, breaking down each reading, section by section, into keywords and learning objectives. In short, each study guide clearly delineates what you are expected to know for the exams.

Candidates have indicated they spend an average of 150 to 200 hours of study time for Level I, while Level II requires 200 hours or more. Individual study needs can vary significantly.

• Prerequisite Study Guide (PDF)
• March 2010 Level I Study Guide (PDF)
• March 2010 Level II Study Guide (PDF)

Study guides are exam- and level-specific. Study guides are regularly revised; they do not remain static from exam cycle to exam cycle. These study guides pertain only to the current exam period.

For any updates to the current study guides and reading materials please click the link below: