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Swift 

INTELLECT

How to Pass the CAIA Exam

The CAIA Exam is known for its depth and focus on alternative investments, requiring a strategic approach to studying and preparation. Success in the exam demands discipline, effective study techniques, and a strong understanding of alternative asset classes. Below are key strategies to help candidates pass the CAIA exam efficiently.

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1. Essential Study Strategies

1.1 Create a Study Plan & Stick to It

  • Allocate 250–300 hours of study for Level I and 200–250 hours for Level II.

  • Begin studying 4–6 months before the exam to ensure proper preparation.

  • Break study sessions into manageable daily or weekly goals to cover the entire curriculum.

  • Use the CAIA Association’s official digital curriculum and third-party study materials for structured learning, practice questions, and mock exams.

1.2 Focus on the CAIA Curriculum & Ethics

  • Every CAIA exam question is based on the official CAIA curriculum—ensure you study it thoroughly.

  • Ethics & Professional Standards are heavily weighted—mastering them is crucial for success.

  • Prioritize high-weighted topics, such as Private Equity, Hedge Funds, Risk Management, and Asset Allocation.

  • Stay updated with industry trends and real-world applications of alternative investments.

1.3 Use Practice Questions & Mock Exams

  • Attempt as many practice questions as possible to reinforce key concepts.

  • Take mock exams under timed conditions to simulate real exam pressure.

  • Review incorrect answers carefully to identify weak areas and improve performance.

2. Exam-Day Strategies for Success

2.1 Time Management During the Exam

  • The exam is structured into two sections with a total duration of 4 hours.

  • Allocate time efficiently—don’t spend too long on a single question.

  • If unsure about an answer, flag it and move on, then revisit later.

2.2 Master Exam Question Formats

  • Level I: 200 multiple-choice questions covering fundamental alternative investment concepts.

  • Level II:

  • 100 multiple-choice questions assessing applied knowledge.

  • Constructed-response (essay-style) questions, requiring in-depth written analysis.

  • Ensure you understand how each level tests your knowledge and adjust your study approach accordingly.

2.3 Stay Calm & Maintain Focus

  • Get a good night’s sleep before the exam—avoid last-minute cramming.

  • Read questions carefully—some may have tricky wording.

  • Use the approved financial calculator effectively for calculations involving portfolio management and risk assessment.

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