CAIA Level 1 Exam Results September 2025: How to Check Your Score + Pass Rates
- Dimitri Dangeros, CFA, CAIA

- Sep 29
- 4 min read

The September 2025 CAIA Level 1 examination window has concluded, and candidates are eagerly awaiting their results. As one of the most challenging certifications in alternative investments, understanding how to access your score and interpreting the current pass rate trends is crucial for your professional development journey.
How to Check Your CAIA Level 1 Results
Step-by-Step Result Access Process
When the CAIA exam results are released, you will receive an email instructing you to log in to caia.org to receive notification of your results. However, the actual results won't be detailed in the notification email itself.
To access your September 2025 CAIA Level 1 results:
Wait for the Email Notification: When results are released, you will receive an email with notification that your results have been uploaded to your CAIA account, with instructions detailing how to retrieve them.
Log into Your CAIA Account: Visit caia.org and sign in using your candidate credentials.
Navigate to Your Results: Once logged in, you'll need to go to your profile, click on "My Exam Info", under "Exam History" tab, and check the general exam results which will show either passed, failed or no show.
Download Your Performance Report: Beyond the pass/fail status, you'll receive a detailed performance report breaking down your scores by topic area.
Timeline for Results Release
Level I exam results are usually released within five weeks of the last examination day. For the September 2025 testing window, candidates can expect results to be available by early to mid-November 2025, depending on when they took their specific exam appointment.
Understanding Your Performance Report
The CAIA Performance Report provides valuable insights into your exam performance, even if you didn't pass. The report includes:
Overall Pass/Fail Status: Your primary result designation
Topic Area Breakdown: Performance across all major exam sections including Professional Standards and Ethics, Introduction to Alternative Investments, Real Assets, Hedge Funds, Private Equity, and Structured Products
Percentile Rankings: How your performance compared to other candidates
Areas for Improvement: Specific guidance for future study if retaking the exam
Current Pass Rates and Trends CAIA Level 1 Exam Results September 2025
September 2025 Pass Rate Context
While the official September 2025 pass rates haven't been released yet, recent trends provide important context for candidates. The latest CAIA Level 1 pass rates is 48% (March 2025), which represents a challenging benchmark. CAIA Level 1 Exam Results September 2025
Historical Pass Rate Analysis
The CAIA Level 1 examination has become increasingly competitive over recent years. Between 2017 and 2024, pass rates have ranged from 45% to 64%, with a seven-year average of 51%. This represents a significant decline from earlier years when pass rates exceeded 70% around 2006.
Early indications from the March 2025 sitting suggest the rate will remain in the mid-40 percent range, underscoring the exam's rigor despite its computer-based format. This trend suggests that September 2025 candidates should prepare for similarly challenging pass rates.
Factors Influencing Pass Rates
Several factors contribute to the current pass rate environment:
Increased Candidate Volume: This decline can be attributed to several factors, including an increase in the number of candidates, which has intensified competition.
Evolving Curriculum: The CAIA curriculum continues to evolve with market developments, requiring candidates to master increasingly complex alternative investment concepts.
Enhanced Rigor: Pass rates for both CAIA® levels are unpredictable, especially in the last five years where we've seen rates as high as 81% in March 2020 for the Level II exam and as low as 45% in March 2023 for the Level I exam.
What to Do After Receiving Your Results
If You Passed
Congratulations! You can now:
Begin preparing for CAIA Level 2
Update your professional profiles and resume
Consider the next steps in your alternative investment career path
If You Need to Retake
Don't be discouraged. Many successful CAIA charterholders required multiple attempts. Use your performance report to:
Identify weak areas requiring additional study
Adjust your study strategy and timeline
Consider professional exam preparation programs
Plan for the next available testing window
Important Reminders
Keep Contact Information Updated: Candidates are encouraged to keep their contact information up to date to ensure the timely receipt of exam results.
Check All Email Folders: Make sure your email address is accurate in your profile, and check your spam or promotions folder around the expected result date to ensure you don't miss the notification.
Results Accessibility: CAIA exam results do not expire and will be available to you for as long as you have your CAIA Association profile active.
The September 2025 CAIA Level 1 results represent another milestone in the challenging journey toward becoming a Chartered Alternative Investment Analyst. Regardless of your outcome, the experience gained through rigorous preparation and examination demonstrates your commitment to professional excellence in alternative investments.
With pass rates remaining in the challenging mid-40% range, candidates who achieve success should take pride in joining an elite group of finance professionals. Those who need to retake should view this as a valuable learning experience that will ultimately strengthen their knowledge foundation for a successful career in alternative investments.
Remember to log into caia.org once you receive your results notification email, and use your performance report as a roadmap for your continued professional development in this dynamic field.




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