CAIA® Level II Study Packages

CAIA® Level II Study Packages

The CAIA Level II exam is a rigorous test comprised of 100 multiple-choice questions and three sets of constructed-response questions that measure your knowledge of the curriculum. It is essential that you not only have a solid understanding of the CAIA curriculum but that you are able to apply your knowledge and answer questions quickly and accurately in the 4-hour time frame you are given. All of our packages combine multiple study tools and access to an exclusive community forum to help you learn the material and apply your knowledge on exam day. Choose one of Kaplan Schweser's industry leading study packages below, or compare your package options.

Premium Packages for the CAIA® Level II Exam

Drill and practice is absolutely key to passing the CAIA Level I exam. Our CAIA content experts designed study materials to help you perfect your exam-taking skills and master the curriculum. Take advantage of their expertise with online classes and a review workshop.

What's Included:
PassProtection™ Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Study Notes
Clear, concise study notes and examples that cover every topic plus questions to check your understanding. Available from anywhere with the Kaplan Schweser app.
Instruction

Attend class on your own schedule with prerecorded sessions covering every reading in the CAIA Exam curriculum.

Exams and Quizzes
Build custom exams to quiz yourself on what you've learned. Available from anywhere with the Kaplan Schweser app.

Full-length mock exams closely resemble the difficulty and length of the actual CAIA exam.

*Mock Exams 1, 2, & 3 are included in the Premium Package. Mock Exams 1 & 2 are included in the EssentialPlus and Essential Packages.

These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

Review

Watch our review sessions on your schedule with hours of expert instruction and review that are all available for OnDemand viewing. You receive thorough review of key topics, practice questions and problem-solving techniques, and exam tips and strategies. Available from anywhere with the Kaplan Schweser app.

 

Take this compact book anywhere you go, printed or eBook, for a concise review of the CAIA® curriculum. Schweser's Secret Sauce® provides insights and exam tips on how to effectively prepare and apply your knowledge on exam day. Available from anywhere with the Kaplan Schweser app.

Study Tools
Take the guesswork out of your study plan with strategically placed weekly tasks.
This compact study tool summarizes key formulas, definitions, and concepts.

Access our community forum to engage with our experts and other CAIA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. 

A collection of online reference videos that will prepare you for your studies.

Ask questions, and receive answers from an instructor at any time.

Purchase Options

March Exam
Premium Package (March 2025)
OnDemand Class & Review Workshop
$1,049.00
$1,049.00
September Exam
Premium Package (September 2025)
OnDemand Class & Review Workshop
$1,049.00
$1,049.00

EssentialPlus Packages for the CAIA® Level II Exam

Get study materials to sharpen, train, and perfect your exam-taking skillset under any conditions. OnDemand Review sessions help you dive even deeper into mission-critical curriculum with examples.

What's Included:
PassProtection™ Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Study Notes
Clear, concise study notes and examples that cover every topic plus questions to check your understanding. Available from anywhere with the Kaplan Schweser app.
Exams and Quizzes
Build custom exams to quiz yourself on what you've learned. Available from anywhere with the Kaplan Schweser app.

Full-length mock exams closely resemble the difficulty and length of the actual CAIA exam.

*Mock Exams 1, 2, & 3 are included in the Premium Package. Mock Exams 1 & 2 are included in the EssentialPlus and Essential Packages.

These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

Review

Watch our review sessions on your schedule with hours of expert instruction and review that are all available for OnDemand viewing. You receive thorough review of key topics, practice questions and problem-solving techniques, and exam tips and strategies. Available from anywhere with the Kaplan Schweser app.

 

Take this compact book anywhere you go, printed or eBook, for a concise review of the CAIA® curriculum. Schweser's Secret Sauce® provides insights and exam tips on how to effectively prepare and apply your knowledge on exam day. Available from anywhere with the Kaplan Schweser app.

Study Tools
Take the guesswork out of your study plan with strategically placed weekly tasks.
This compact study tool summarizes key formulas, definitions, and concepts.

Access our community forum to engage with our experts and other CAIA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. 

A collection of online reference videos that will prepare you for your studies.

Purchase Options

March Exam
EssentialPlus Package (March 2025)
OnDemand Review Workshop
$749.00
$749.00
September Exam
EssentialPlus Package (September 2025)
OnDemand Review Workshop
$749.00
$749.00

Essential Packages for the CAIA® Level II Exam

The Essential Package turns your self-study path into a guided tour, enhanced by topic assessments, module quizzes, and the SchweserPro™ QBank to increase your content retention.

What's Included:

PassProtection™ Guarantee
Didn’t pass the CAIA exam? Your next study package is on us, free of charge. Terms and conditions apply.
Study Notes
Clear, concise study notes and examples that cover every topic plus questions to check your understanding. Available from anywhere with the Kaplan Schweser app.
Exams and Quizzes
Build custom exams to quiz yourself on what you've learned. Available from anywhere with the Kaplan Schweser app.

Full-length mock exams closely resemble the difficulty and length of the actual CAIA exam.

*Mock Exams 1, 2, & 3 are included in the Premium Package. Mock Exams 1 & 2 are included in the EssentialPlus and Essential Packages.

These online-only quizzes contain a fixed group of questions that quiz CAIA candidates at the topic level.

Study Tools
Take the guesswork out of your study plan with strategically placed weekly tasks.
This compact study tool summarizes key formulas, definitions, and concepts.

Access our community forum to engage with our experts and other CAIA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies. 

A collection of online reference videos that will prepare you for your studies.

Purchase Options

March Exam
Essential Package (March 2025)
Self-Study Package
$549.00
$549.00
September Exam
Essential Package (September 2025)
Self-Study Package
$549.00
$549.00

Compare Packages

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CAIA Level II Packages FAQs

How to Pass the CAIA® Level II Exam:

  • Tip #1: Know What You’re Preparing for
  • Tip #2: Get an Early Start on Studying
  • Tip #3: Use a Structured Study Plan
  • Tip #4: Prepare for Constructed Response
  • Tip #5: Set Yourself up for Success on Exam Day

Read more about how to increase the likelihood you'll pass the Level II CAIA® exam.

The Level II exam is intense, and the constructed response portion only adds to the difficulty. You will need every bit of your 200 hours or more to prepare…and practice is key. Some self-directed and motivated candidates are able to pass the Level II CAIA exam using a course of self-study, but many use an exam prep package or classes to stay organized and ensure they are prepared for exam day.

Access to 2025 online materials expires on the following dates:

  • March 2025 exam products: access expires on April 30, 2025
  • September 2025 exam products: access expires on October 31, 2025
Kaplan Schweser releases a new version of products every year as the CAIA curriculum changes. Shared use is strictly prohibited.

 

The Level II CAIA exam is a four-hour exam composed of 100 multiple-choice questions and three sets of constructed-response (essay-type) questions, all of which measure your knowledge of the CAIA Level II curriculum. The multiple-choice questions count for 70% of your score, and the constructed response questions count for 30%. You have two hours to complete the multiple-choice question section and two hours to complete the constructed-response section.

 
The Level I CAIA exam tests your understanding of the tools used to analyze alternative investments. Level II tests your ability to apply these tools to analyze and invest in alternative investments. Like Level I, Level II has a multiple-choice portion; however, Level II also has essay questions, called the constructed response portion.

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