Training for the first time?

The CAIA program's diverse curriculum appeals to a broad group of candidates ranging in expereince from the novice to the seasoned professional: investment advisors, consultants and analysts; fund managers and administrators; accountants, laywers and academics; as well as administrative, compliance and back office personnel.

Candidates enrolling in the CAIA program are assumed to have an elementary understanding of the basic concepts of finance. This includes facts about the instruments that trade in traditional markets, models used to value these instruments, and modern portfolio theory

However there is no requirement to demonstrate such an understanding to the CAIA Association prior to becoming a Level 1 candidate.

Candidates have indicated that they spend an average of 150-200 hours of study time per level, although individual study needs can vary significantly.