CAIA® is the globally recognized credential for professionals managing, analyzing, distributing, or regulating alternative investments.
Earn Your CAIA® Charter
Here is the list of requirements you need to meet:
Pass Level I and Level II of the CAIA exam
Meet one of the two requirement 1) Obtain a bachelor’s degree, or equivalent, with a minimum of one year of professional experience
2) Have a minimum of four years of professional experience *Professional experience is defined as full-time employment in a professional capacity with the regulatory, banking, financial, or related fields
Agree to abide by the terms and conditions of the CAIA Association® Member Agreement
Provide two professional references
Establish and maintain membership in CAIA Association
Find out more
Why Morgan Partnered With Kaplan Schweser
Number one:
The global leader and most trusted exam prep for financial designations
A 75+ years of history:
Solid experience helping hundreds of thousands of students achieve their goals
Designed for success:
The most effective, comprehensive study packages in the industry
User recommended:
95% of Schweser CAIA students would confidently recommend it
Safeguarding Your Success:
Fall back on PassProtection™, which guarantees you’ll pass, or we’ll cover the costs of your study package next time around
Partnership with Kaplan Schweser
we offer study materials specifically designed by charterholder experts to maximize the efficiency and effectiveness of your review program.
Exam Overview
To earn the CPA credential, you need to pass all four sections of the Uniform CPA Examination. Find out more about each exam section and its key topics.
Exam Format
• Level I is divided into 2 sections with 100 multiple-choice questions in each section. Candidates are given 4 hours to complete the exam with an optional 30-minute break between each section.
• Level II is composed of 100 multiple-choice questions and three sets of constructed-response (essay-type) questions. Candidates are given 2 hours to complete the multiple-choice question section and 2 hours to complete the constructed-response section.
Testing Windows
• Level I March Exam:
February 22—March 5, 2021
• Level II March Exam:
March 8—19, 2021
Topic Areas
• The Level I curriculum includes:
1. Professional standards and ethics
2. Hedge funds
3. Introduction to alternative investments
4. Private equity
5. Real assets
6. Structured products
• The Level II curriculum includes:
1. Ethics
2. Regulations
3. ESG
4. Methods for alternative investing
5. Models
6. Accessing alternative investments
7. Institutional asset owners and investment policies
8. Due diligence and selecting managers
9. Risk and risk management
10. Volatility and complex strategies
All Study Formats Are Available
Start your CAIA® charter prep journey with training courses and resources designed by experts to maximize the efficiency and effectiveness of your studies.
Discover available study formats and packages!
Live In-Person Classes
Your ultimate real-life classroom experience, combining benefits of instructor-led classes with interactive feedback, the Morgan Promise and support all the way.
Live Online Courses
Designed for busy professionals in mind, this format is ideal if you cannot attend classes but need the structured schedule and support that a live class provides.
Self-Study Packages
Prepare at your own pace and convenience with our industry-leading tools and resources.
Standalone Resources
As you prep for exam day, you may be looking for extra opportunities to review the content and hone your test skills with proven study products.