Chartered Alternative Investment Analyst® (CAIA®)

• CAIA Level I
  
• CAIA Level II

• The Level I exam lasts 4 hours, and consists of 200 multiple-choice questions. Level II lasts 3.5 hours, and consists of 100 multiple-choice and several essay questions.
  
• Exam windows for each level are held in March and September of each year.
  
• Registration for the March Exam is open mid-October through the end of January. Registration for the September exam is open early April through early August. Early registration periods take place during the first six weeks of registration. During this time, candidates will receive 10% off their registration fees. Registration is exam-specific and cannot be transferred to future exam sessions.
  
• There is a registration section on the CAIA® Association's webpage where you will register for the exam. You are required to create an account before you are allowed to register.
  
• After registering for a CAIA® exam, you will receive a confirmation email from CAIAA that will explain how to schedule your exam appointment. You will be asked to choose a testing center from a list of available sites, as well as a specific date and time within the two-week exam period for which you are registered. For a current list of domestic and international testing centers, see Exam Locations.
  
• There is a one-time program enrollment fee of $400, applicable exam fees.

• Completion of the CAIA® Program - Candidates must pass the Level II exam within 3 years of passing the Level I exam to qualify for the CAIA® designation.
  
  
• Professional Experience - Designees must have one of the following:
  
  
  • Over one year of professional experience (full-time employment in a professional capacity within the bank regulatory, banking, financial, or related fields) and a U.S. bachelor's degree (or equivalent)
    
  • Four years of professional experience (as described above).
  
  
• Execution of the Member Agreement - Qualifying candidates must complete the online Member Agreement, provide two (2) professional references, and submit their annual membership dues ($250).
  

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