Earning the CAIASM Charter
How to Earn the CAIA Charter
The CAIASM Charter is the professional designation for alternative investment specialists that institutions, investors and regulators recognize and welcome.
Designed by leading academics and practitioners and revised twice a year to include the latest developments in applied research and industry practices, the CAIASM curriculum is divided into two levels.
Level I uses investment analytics to examine the fundamentals of each alternative class, while Level II applies these analytics within an asset allocation and decision making framework. Both levels incorporate segments on ethics and professional conduct.
To become a CAIASM charter holder, each candidate must pass two levels of exams and have at least one year of financial experience.
The Level I exam is comprised of 2 sets of 100 multiple choice questions, each to be answered within 2 hours. Level II exam candidates are given 2 hours to answer 100 multiple choice questions and 1.5 hours to complete three short essay questions.
CAIASM exams are held twice a year - in March and September - at testing centres in the world’s major cities. At each session, candidates can schedule their half-day exam over a two-week period.
