CAIA Curriculum
Where Alternatives Expertise Begins
Included with your program registration, the official CAIA digital curriculum is available at no additional cost. Candidates have the option to also purchase a print version. The CAIA curriculum is updated annually and incorporates the latest academic research, industry developments, and practical insights relevant to today’s investment professionals.
Important
The CAIA curriculum is the only written preparation material endorsed by the CAIA Association.
Curriculum editions are valid only for the calendar year in which the exam is administered. For example, the 2026 curriculum should be used for both the March 2026 and September 2026 exam cycles. Use of prior editions is not recommended.
Planning ahead? The curriculum for the next calendar year becomes available for purchase each October.
Level I Additional Materials
Level I Curriculum Companion
This guide highlights key topics, essential terms, and areas important to exam success by helping you focus where it matters most.
Exam Handbook
This guide is your essential starting point. Inside, you’ll find key details and step-by-step guidance to help you study smarter, stay on track, and walk into exam day with confidence.
Level I Sample Exam
The best preview of exam day. Use it to understand format, pacing, and where you may want to spend extra time.
Level I Errata
Review the current Errata for the print version of the 2026 curriculum.
Updated: November 20, 2025
Level II Additional Materials
Emerging Topics
These required readings cover timely, evolving topics in alternatives and are meant to be read in full as part of your study plan.
Level II Curriculum Companion
This guide highlights key topics, essential terms, and areas important to exam success by helping you focus where it matters most.
Exam Handbook
This guide is your essential starting point. Inside, you’ll find key details and step-by-step guidance to help you study smarter, stay on track, and walk into exam day with confidence.
Level II Sample Exam
The best preview of exam day. Use it to understand format, pacing, and where you may want to spend extra time.
Level II Errata
Review the current Errata for the print version of the 2026 curriculum.
Updated: May 12, 2026