,Best CAIA Exam Prep Courses of 2021

Best CAIA Exam Prep Courses

Kaplan Schweser is the maximum complete and value-powerful path

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The best CAIA exam prep publications are up to date for the modern-day examination and consist of numerous study equipment (e.g., check banks, movies, reference guides). If you need one-on-one help, enroll in a CAIA examination prep path that gives live sessions or opt for private tutoring. If you’re a person who learns high-quality through in your own pace, then a self-paced route is probably right for you.

Best CAIA Exam Prep Courses of 2021

Best Overall : Kaplan Schweser


Kaplan Schweser
  • Price: $499 to $1,129 in keeping with level
  • Platform: Online
  • Guarantee: Free 2nd have a look at strive
Why We Chose It

With the CAIA exam prep route provided through Kaplan Schweser, you’ll get get right of entry to to many on line, self-paced have a look at materials in addition to private preparation. Plus, in case you don’t pass the CAIA exam on the first try, you could take the route a second time totally free, an affordability factor that makes it stick out from the opposition.

Pros & Cons
Pros
  • Includes on-line reference films and tests

  • Higher-value packages consist of stay on line lessons

  • Build custom tests to quiz yourself

Cons
  • Highest price bundle is high-priced

  • No stay classes with decrease-cost programs

  • Only comes with one unfastened 2d have a look at try

Overview

We chose Kaplan Schweser as the overall best CAIA exam prep path as it consists of the widest type of take a look at assets and consists of a very good pass assure. Although this route is steeply-priced, ranging from $499 to $1,129 for every CAIA examination degree, the pricing aligns with the competition. Plus, Kaplan Schweser turned into the best company we noticed that posted typical examination skip rates, which variety from 52% to sixty five% (to position this in attitude, CFA skip prices are best 43% to forty seven%). 

If you choose Kaplan’s least high priced CAIA exam prep bundle, you’ll get self-have a look at sources, along with on-line movies, exercise exams, a build-your-personal examination query test financial institution, take a look at courses, and brief reference equipment. With its dearer applications, you’ll additionally be able to ask your instructor questions and might attend up to ten weekly energetic periods. Plus, you may evaluate recordings of the live classes on call for.  

You can get entry to the Kaplan Schweser CAIA exam prep materials from the time you join until you're taking the examination. This is typically approximately 4 to six months. Plus, if you don’t skip the CAIA exam on the primary try, you’ll get complete get entry to to all of the course materials for any other cycle. This way, you may maintain reading and try to pass the examination the following time it’s available (e.g., in March if you failed the exam in September). This guarantee is amongst the great of the guides we reviewed.

As with all CAIA examination prep guides, ensure you meet the CAIA Charter requirements earlier than enrolling. You’ll typically need a bachelor’s degree plus 365 days of professional revel in or 4 years of professional enjoy to qualify for the constitution. Professional enjoy may be in opportunity funding analysis, or it may be in a related subject, like banking or finance. 

A review of a wide variety of sources suggests people are normally glad with the offerings furnished by way of Kaplan Schweser.

Best for Study Materials : UpperMark


Kaplan Schweser
  • Price: $499 to $1,029 according to stage
  • Platform: Online
  • Guarantee: Up to 50% retake cut price in case you don’t skip
Why We Chose It

All of the UpperMark CAIA examination prep applications encompass study handbooks, method sheets, and take a look at financial institution software program. Plus, you can personalize UpperMark’s CAIA examination prep packages to get the have a look at materials which might be right for you (e.g., revealed materials, eBooks, virtual downloads), making the CAIA examination prep path great for observe substances.

Pros & Cons
Pros
  • Study substances can be customized

  • Live lessons not to be had in all packages

  • Flashcards are available for buy

Cons
  • Instructor aid now not to be had in all packages

  • Exam skip costs aren’t posted

  • No free direction retake in case you don’t skip

Overview

What makes UpperMark’s CAIA examination prep direction stick out from the opposition is how without difficulty you can customize the examine substances to fit you. UpperMark’s CAIA exam prep applications offered variety from $499 to $1,029. However, you may add-on or cast off take a look at substances from each package deal at an delivered or reduced fee to fit you (e.g., you’ll store money if you most effective get an ebook versus a published one). 

You can also customise your package deal by means of subject matter. This is specially best in case you recognize you need to tailor your look at to a particular exam topic (e.g., you failed simplest one section of the CAIA examination the ultimate time you took it). Plus, in case you don’t pass the CAIA examination after the use of UpperMark’s materials, you may get a 50% cut price off the charge of any package deal, or you may get a 25% cut price if you simply want to buy its take a look at financial institution. 

In addition to getting a complete suite of customizable self-take a look at substances, you may attend 10 to 11 weekly stay class classes and get e-mail aid from your professor in case you improve to one of UpperMark’s maximum high priced applications. This type of pupil support compares properly to the alternative CAIA exam prep guides we evaluated. Plus, a review of numerous sources shows customers are typically satisfied with the offerings provided by means of UpperMark.

Best Self-Paced Course : Wiley Efficient Learning


Wiley Efficient Learning
  • Price: $495 to $795 per level
  • Platform: Online
  • Guarantee: Access all direction substances until you skip
Why We Chose It

Wiley Efficient Learning offers get admission to to its course materials till you bypass the examination, no matter how lengthy it takes. This makes it a excellent choice for folks who want to have a look at at their very own tempo or who may additionally want more than one or attempts to bypass the examination.

Pros & Cons
Pros
  • Affordably priced

  • Access granted until you bypass the exam

  • Purchase substances as a package deal or for my part

Cons
  • No stay courses

  • Instructor support most effective included with top plans

  • Feedback to questions can take in to 48 hours

Overview

Wiley Efficient Learning offers Level I and Level II CAIA review publications at a cost starting from $495 to $795 with unlimited get right of entry to and updates to its self-paced route substances till you bypass the examination. The get admission to until you bypass guarantee from Wiley Efficient Learning is the fine of the CAIA examination prep guides we reviewed. This assure eliminates the fear which you’ll want to repurchase the materials in case you don’t pass and is incredible for self-paced learners. 

Unlike the CAIA examination materials provided by Kaplan Schweser and UpperMark, Wiley doesn’t offer better-cost programs with stay class classes. Rather, Wiley’s application is entirely self-paced. However, its pinnacle-tier packages will let you ask your instructor questions while analyzing for the Level I CAIA examination and ship CAIA exam-related questions to a mentor once you’ve taken the Level II CAIA exam (allow as much as forty eight hours to acquire remarks). 

In addition to its CAIA examination prep direction applications, you may also purchase stand-by myself CAIA have a look at supplements from Wiley (e.g., mock exams, study courses, and check banks) at a cost starting from $seventy five to $a hundred seventy five. These self-paced have a look at materials could be accurate in case you used a one-of-a-kind resource to have a look at for the CAIA exam and want to enhance your expertise in a selected location before taking or retaking the examination.

Best for Private Tutoring : Wyzant


Wyzant
  • Price: $70 to $130 in keeping with hour
  • Platform: Online tutoring platform or in-person
  • Guarantee: Pay after your tutoring consultation is whole
Why We Chose It

Wyzant is a nicely-seemed on-line tutoring company that makes it easy to discover an low priced non-public coach to help you take a look at for the CAIA examination. 

Pros & Cons
Pros
  • Fees are paid after your tutoring sessions

  • You’ll most effective pay for the exam prep you want

  • In-person tutoring may be available

Cons
  • Costs range relying at the show you rent

  • Fees should get expensive if you want plenty of assist

  • CAIA examination prep substances aren’t provided

Overview

Wyzant is an internet tutoring employer that may connect you with a personal show that will help you prepare for the CAIA exam. You gained’t need to pay any prematurely fees and will simplest need to pay for the tuition after you’ve attended each consultation. Plus, you can attend as few or as many tutoring classes as you need to prepare for the examination. 

While costs range, you may likely assume to pay tutoring costs of $70 to $130 according to hour, a fee that’s doubtlessly much less highly-priced than what you’ll pay for a complete CAIA examination prep route if you handiest need a restrained amount of 1-on-one aid.

Private tutoring from a Wyzant tutor may be a wonderful choice for people needing limited one-on-one assist to help them understand a particular CAIA exam topic. Costs will vary relying at the instruct, and you could evaluate the expenses charged with the aid of every instruct before signing up for his or her services. While the internet site claims the common value of a tutor degrees from $35 to $60 in line with hour, our studies showed that you’re much more likely to pay among $70 to $130 an hour. 

Keep in mind that the CAIA Association recommends that you take a look at for at the least two hundred hours before taking the CAIA examination. For this cause, you can need to supplement non-public tutoring with other have a look at substances (e.g., a self-paced CAIA exam prep route) to fulfill this minimal. 

If you decide non-public tutoring is for you, you’ll be capable of collaborate together with your tutor through Wyzant’s on line learning platform. Depending on wherein you live, you would possibly additionally be capable of lease a non-public CAIA examination prep show who can meet with you in man or woman. None of the alternative CAIA exam prep courses we reviewed presented an in-individual look at option.

We reviewed many assets to benefit perception into how clients sense approximately Wyzant. While there had been a few terrible opinions from those who were banned from the platform for instructional integrity concerns, clients are usually satisfied with Wyzant’s offerings.

Final Verdict

If you need to come to be a CAIA Charterholder, the pleasant CAIA exam prep direction is obtainable through Kaplan Schweser. Not best are the expenses of $499 to $1,129 according to stage in keeping with the opposition, but the top programs encompass stay on-line weekly classes and trainer help. Plus, if you don’t pass the CAIA examination the primary time, you’ll get a 2d study try for free. 

Compare the Best CAIA Exam Prep Courses

Company Price Platform Guarantee Duration in line with Level  Pass Rate 
Kaplan Schweser
Best Overall
$499 to $1,129 in line with degree  Online Free second take a look at strive Up to 10 weekly periods fifty two% to 65%
UpperMark
Best for Study Materials 
$499 to $1,029 consistent with stage  Online  Up to 50% bargain on subsequent attempt  10 to eleven weekly periods  Not disclosed 
Wiley Efficient Learning
Best Self-Paced Course 
$495 to $795 per level  Online  Access to route till you pass  Not disclosed  Not disclosed 
Wyzant
Best for Private Tutoring 
$70 to $one hundred thirty per hour  Online or in-Person  Only pay after your lesson is complete  Varies based totally to your wishes  Not relevant 

How to Choose the Best CAIA Exam Prep Course

For specialists working in opportunity funding analysis, a way to stand out from the opposition is via turning into a CAIA Charterholder, a globally recognized credential. Here’s what to search for when selecting a CAIA examination prep course:

  • Program length: Many CAIA examination prep courses are offered four to 6 months earlier than the CAIA examination each yr (the exam is held in March and September). If you don’t assume you'll be completed analyzing by means of the examination date, hold off on purchasing the materials till the subsequent exam cycle or buy self-paced look at materials which might be continuously updated and by no means expire.
  • Pass ensures: The CAIA examination is hard, and plenty of people cannot pass it on the primary strive. For this reason, search for a CAIA examination prep route that gives some type of bypass assure. These guarantees normally variety from loose get entry to to the materials for a 2d try to a discount in your next purchase to unlimited get right of entry to to up to date substances till you bypass.
  • Student guide: It may be tempting to pick out the least high-priced CAIA exam prep path available. However, those training frequently don’t include trainer help or stay class options. Before signing up, think about the way you research great. If you’re someone who wants to ask your trainer questions or interact at some point of a live consultation, you can want to improve to a better-value CAIA exam prep package deal. 

Frequently Asked Questions

What Is the CAIA Exam? 

The CAIA exam is required for everybody who desires to earn the Chartered Alternative Investment Analyst (CAIA) Charter, a globally diagnosed credential for finance specialists who work with opportunity investments. Examples of alternative investments consist of hedge price range, personal equity finances, and derivatives. 

The CAIA examination is held in cycles yearly, the first in March and the second one in September. To earn the CAIA Charter, you need to skip the Level I and Level II CAIA assessments in separate examination cycles (i.e., you could’t take the exam for both stages inside the identical cycle). Plus, you’ll want to meet the CAIA’s diploma and/or expert experience requirements. 

To qualify for the CAIA constitution after passing each checks, you’ll need to have:

  1. Earned a bachelor’s degree and feature a yr of professional revel in (e.g., alternative funding evaluation revel in or related banking, finance, or regulatory experience); or 
  2. At least four years of expert enjoy; or 
  3. A CFA constitution that’s in exact status. 

How Much Do CAIA Exam Prep Courses Cost? 

The CAIA exam is broken into parts, Level I and Level II, taken at the least six months apart. You can assume to pay a fee starting from $495 to $1,129 for the CAIA examination prep course for every level. The lowest value CAIA exam prep guides are self-paced. To get one-on-one assist from an trainer and get admission to to weekly live sessions, you’ll need to upgrade to a plan toward the upper cease of this normal price range.

Are CAIA Exam Prep Courses Worth It? 

The CAIA exam is difficult, with studies suggesting that most effective 60% of humans bypass the Level I exam. Furthermore, best 40% of these human beings come to be occurring to get the CAIA Charter. A manner to improve your odds of achievement is by using taking a CAIA examination prep direction. You’ll be uncovered to the CAIA exam topics, get to take practice checks, and can also be able to get one-on-one help from an teacher. 

When Should I Enroll in a CAIA Exam Prep Course? 

To give your self sufficient time to take a look at, make sure to sign up for a CAIA examination prep direction about 4 to six months before the scheduled exam date. By enrolling in a CAIA exam prep course early, you’ll be better geared up to bypass every examination on the first attempt. 

Methodology

When reviewing CAIA exam prep publications, we evaluated all the most important CAIA examination prep direction carriers in the United States. The CAIA examination is notoriously tough to skip, so we looked for carriers that offer more than one kinds of look at resources and pricing ranges, mechanically replace their course substances, provide a few level of one-on-one assist, and provide a skip guarantee within the occasion you don’t pass the exam in your first try.

Article Sources

  1. CAIA Association. "The CAIA Charter." Accessed May 31, 2021.

  2. Kaplan Schweser. "Most Frequently Asked Questions About the Level I CAIA Exam." Accessed May 31, 2021.