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#Caia practice exam pdf pdf#
#Caia practice exam pdf professional#

Having the big picture of the topic rather than memorising everything is the smartest approach (I think Eddyble has a non-sense guide to pass both exams which I found to be really useful). In summary: For level 1 - Go with UM and do as many questions as you can (some questions were quite similar to qbank / mock test). At the end of the day, it was a good outcome. I used the 4 hours of the exam and when I finished it I had the feeling that was not superb, but was not the worst exam as well. I did lots of questions of UM and did the CAIA Mock test (I think I got 84% at the first attempt). When I did not understand a topic I used investopedia - useful information over there. You will be able to receive practice exam questions as well that will help you assess your.

#Caia practice exam pdf pdf#

I am not sure for level II, bur for level I the official guide is too dense and I reckon that UM is more straight forward and less complicated. Instant download your CFA-Level-II PDF Exam Questions. My strategy was not the smartest one - First I read the CAIA official book and the used the UpperMark (UM). I passed with strongest in all topics, besides Private equity which I got higher. Thought that would be good to share my experience. Tough luck and wish you success in future. So it could have been a matter of just couple of correct answers. So if someone scores high in any of the two - Ethics, AI, Real Assets, HF, they are bound to be at + 60 total score. Structured Products - # of questions 25 - # of correct required - 15 -18.Risk Management and Portfolio Management - # of questions 15 - # of correct required - 8 -12.Real Assets- # of questions 35 - # of correct required - 22 -26.

#Caia practice exam pdf professional#

Professional Standards and Ethics - # of questions 35 - # of correct required - 22 -26.

Private Equity # of questions 15 - # of correct required - 8 -12.

Introduction to Alternative Investments # of questions 45 - # of correct required - 30-35.

Hedge Funds - # of questions 30 - # of correct required - 20 - 24.

So, putting all this together, here is my guestimate I was borderline in everything except two big topics. Additionally, borderline score means that you are. Folks who scored higher or strongest in every topic must have scored greater than 70%. You can also take an optional 30 minute break. The exam has two sections: 100 multiple-choice questions to be answered in two hours and three sets of constructed-response (written) questions to be answered in two hours. (At 70% or above - you are guaranteed pass). CAIA Level 2 consists of nine topics (also known as subjects) which are mandatory and examined by a computer based exam. My guess is the passing score was around 65% i.e. As you know, the total score is the only deciding factor in passing.

Based on your result breakdown and the level of effort you put in, looks like you must have been extremely close to the passing score.