Navigating the CAIA Level II Exam: Ultimate Guide to SchweserNotes and Study Updates
: Three volumes of clear, concise notes covering every learning objective, available in both digital (eBook) QuickSheet
: Included at the end of each reading to verify comprehension before moving forward.
| Feature | 2025 Curriculum | 2026 Curriculum Update (SchweserNotes UPD) | | :--- | :--- | :--- | | | Based on CFA Institute's Standards of Professional Conduct. | NEW Proprietary CAIA Ethical Principles (Replaces CFA Standards). A completely new Topic 1. | | Question Mapping | Standard essay questions. | Guaranteed Constructed-Response (CR) Q1 on new ethics. CR Q2 from Emerging Topics. Q3 is a wildcard from Topics 2-8. | | Topic Rebalancing | Emerging Topics covered theoretical concepts. | New content on Portfolio Construction & Rebalancing added under Asset Allocation (Topic 3). | | Growth Equity | Minor mention. | Moved to Core . Central focus with updated content on deal structures and valuations. | | Digital Assets | Basic introduction. | Expanded content on crypto allocation strategies and risk evaluation. | caia level 2 schweser notes pdf upd
100 multiple-choice questions accounting for 70% of the total score.
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UpperMark’s study materials are even more condensed than Schweser. They focus exclusively on exam relevance. Their PDF is clean, well-formatted, and often updated faster than Kaplan. Navigating the CAIA Level II Exam: Ultimate Guide
Your (finance, accounting, or career switcher)
Which specific topic area (e.g., ) do you find most challenging?
The CAIA Association updates the Level 2 curriculum annually. Unlike the CFA Program, which often has major overhauls every few years, CAIA tweaks its curriculum constantly to reflect real-time market shifts (e.g., crypto assets, SPACs, inflation hedging, private credit evolution). A completely new Topic 1
In the final four weeks, take full-length mock exams. Practice typing your answers for the essay section to mimic the computer-based testing environment. If you want to tailor your study approach, let me know: Your target exam window (March or September)
have emerged as a critical study resource, known for distilling the vast official curriculum into a more manageable and exam-focused format. Kaplan Schweser Curriculum Overview and Study Challenges
Review the Schweser Secret Sauce or QuickSheet daily to keep formulas fresh in your mind. Tips for Mastering the Level 2 Constructed Response