This is the second of two exams offered by the CAIA Association. This exam (in addition to other requirements) must be passed for an individual to become a CAIA designee. The CAIA program is the only globally-recognized credential specifically in alternative investments (hedge funds, private equity, commodities, managed futures, real assets, and professional standards and ethics). Level II addresses issues such as due diligence, portfolio management, risk management, and portfolio monitoring.
Exam Dates - Level II
March 1 – 14, 2012
September 10 – 21, 2012
The CAIA exams are administered in computerized format at proctored test centers around the world.Click here for more information on locations.
Time Limit: 4 hours plus break
Number of Questions: 100 multiple choice; 3 constructed response
Passing Score: Determined each year by CAIA Association
Passing Rates: In March 2011, 58% passed Level I
Format: Multiple Choice and Constructed Response (essay-type)
Prerequisites: Pass CAIA Level I
Corequisites: One year of work experience is required to become a full CAIA member.
Exam Date(s): March and September
Exam Results: Within six weeks of last exam date
Official Exam Website: CAIA.org
How do I earn the CAIA designation? The right to use the CAIA designation is earned by (1) successfully completing the CAIA program (i.e., passing both the Level I and Level II exams) and (2) becoming a member of the CAIA Association. To qualify for membership in the Association, you must fulfill all the following requirements.
1. Pass the Level I and Level II exams.
2. Hold a U.S. bachelor's degree or the equivalent, and have more than one year of professional experience, or alternatively have at least four years of professional experience.*
3. Submit payment for the annual CAIA Association membership fee.
4. Agree on an annual basis to abide by the Member Agreement.
Membership is the final requirement for individuals who wish to use the CAIA designation. *Professional experience is defined as full-time employment in a professional capacity within the regulatory, banking, financial, or related field.
What do I get for becoming a CAIA designee, i.e. what are the benefits?
The CAIA Association is a dynamic organization that reflects its membership's interests and provides them with a vibrant global network. We are committed to developing industry skills and educational standards, and provide the industry's first and only designation for alternative investment specialists.
How much does the program cost?
To enroll in the CAIA program you must pay the one-time, non-refundable enrollment fee of $400 and the $1250 Level I test registration fee.
Wed, 21/01/2015 - 09:44
Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »
Tue, 20/01/2015 - 10:06
This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »
Tue, 20/01/2015 - 12:26
977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising: ... »
Fri, 19/12/2014 - 10:24
With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »
Wed, 14/01/2015 - 13:22
Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »
Tue, 27 Jan 2015 00:00:00 GMTSolutions Engineer - Oil & Gas - Big Data - Houston, TX
Tue, 27 Jan 2015 00:00:00 GMTQuant Analytics Developer Market Risk -US Bank NYC
Tue, 27 Jan 2015 00:00:00 GMT