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CAIA Level II Exam Prep
Gain Your Edge on Exam Day
WIth more than 35 years as a leader in the financial exam prep industry, Schweser's CAIA professionals understand what it takes to pass. Choose from Level II study packages that include the concise SchweserNotes™, thousands of practice problems, and mock exams based on the structure and difficulty of the actual CAIA® exam. All backed by our PassProtection™ guarantee.
Ensuring Your Success at Both Levels of the CAIA Program
CAIA Level I
The CAIA Level I exam tests your knowledge of the tools used to analyze alternative investments, while also establishing a foundational understanding of alternative asset types. Level I is a multiple-choice exam.
CAIA Level II
The CAIA Level II exam tests your ability to apply the tools learned in Level I to analyze and invest in alternative investments. Level II has a multiple-choice portion and a constructed response (essay) portion.
2025 CAIA Level II Exam Study Packages
Choose a study package that aligns with your specific needs, learning style, and budget.
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Why Should You Prepare for the CAIA Level II Exam with Schweser?
35+ Year Track Record
When you’re ready to earn the CAIA charter, partner with a leader in the exam prep industry for more than 35 years. With an exam-focused study plan and quality materials, we’re your proven path to CAIA exam success.
Customizable Study Plan
Take the guesswork out of creating your CAIA study plan. Your Activity Feed efficiently guides you through the content and study tools, giving you an integrated study experience. You can even schedule days off, and your activities will adjust accordingly.
Exam-like Learning System
Designed by CAIA experts and backed by proven learning science, Schweser’s study program is 100% focused on passing your CAIA exam. Your study materials are designed to mirror the structure, format, and difficulty of the actual CAIA exam so there are no surprises on exam day.
A Team of Experts
Why go it alone when you can get support from a global network of CAIA charterholders and content professionals? Our experienced team provides the expert instruction and guidance you need to pass the first time.
A Record of Success by Your Peers
Don’t settle when it comes to your CAIA exam prep. Join more than 50,000 fellow candidates who have trusted Schweser to help them pass the CAIA exam.
CAIA Level II Exam FAQs
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What is the difference between the CAIA Level II exam and the Level I exam?
Important CAIA Level II Exam Dates
Find out when you need to register to sit for your CAIA Level II exam.
September 2025
Level II Exam Window
September 15–26, 2025
Registration Opens
April 14, 2025
Early Registration Deadline
June 9, 2025
Registration Closes
August 4, 2025
Register for Exam
Still have questions? Schedule a call with an expert to get answers and a personalized study plan.
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50,000+ CAIA® Candidates Have Prepared with Kaplan: Candidates refers to number of net purchases of study packages containing the printed SchweserNotes™ bookset from 2008 through spring 2024 (less 2020).
PassProtection™: Terms and conditions apply. Learn more at www.schweser.com/caia/pass-protection.
CAIAA does not endorse, promote, review, or warrant the accuracy of the products or services offered by Kaplan Schweser, nor does it endorse any pass rates claimed by the provider. CAIAA is not responsible for any fees or costs paid by the user to Kaplan Schweser, nor is CAIAA responsible for any fees or costs of any person or entity providing any services to Kaplan Schweser. CAIA®, CAIA Association®, Chartered Alternative Investment AnalystSM, and Chartered Alternative Investment Analyst Association® are service marks and trademarks owned by CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC., of Amherst, Massachusetts, and are used by permission.