Short answer
The CFA is broader across investments; the CAIA specializes in alternatives. Many analysts hold both.
CAIA Exam Requirements
To enroll you need a bachelor’s degree plus 1 year of professional experience, 4 years of experience, or a CFA charter. Membership after passing both levels requires relevant work experience.
USA CAIA Exam: Quick Facts
- Offered by
- CAIA Association
- Levels
- Level I and Level II
- Level I
- 200 questions, 4 hours
- Enrollment fee
- $400 (one-time)
- Level I fee
- $995 early / $1,395 standard
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Disclaimer: This guide is for general information and is not financial, tax, insurance or investment advice. Exam details, fees, blueprints and product terms change. Confirm with the official organization or a licensed professional. Read our editorial policy.