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CAIA Level II

A dated plan for CAIA Level II: the exam facts, a Level I gap audit, weekly question and constructed-response practice, allocation, due diligence and risk topics in depth, timed mocks, exam day and the charter steps after.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for CAIA Level II, and click Install. It goes into your own files, and works offline from then on.

What it installs.

1

Pillar

1

Area

50

Projects

198

Starter tasks

🎓 Finance & Business Certifications

CAIA Level II

Studying for CAIA Level II: allocating to alternatives, due diligence, risk management, the constructed-response questions and the topics that carry over from Level I.

  1. Level II exam format and window check
  2. Level II registration and exam appointment
  3. Level I carry-over gap audit
  4. Level II curriculum map and topic tracker
  5. Study calendar counted back from exam day
  6. Choosing Level II study materials and a question bank
  7. Timed diagnostic baseline for Level II
  8. Protected study hours and a fixed study corner
  9. Personal Level II formula and framework sheet
  10. Weekly Level II study blocks
  11. Level II flashcard deck with daily review
  12. Error log for missed Level II questions
  13. Friday timed topic sets
  14. Monthly Level II progress review
  15. Constructed-response practice twice a week
  16. Curriculum reading queue with five-line summaries
  17. Mock and practice score log
  18. Monthly ethics and professional standards case
  19. Asset allocation models for alternatives
  20. Institutional asset owners and their policy statements
  21. Private equity pacing and cash flow models
  22. Real assets at Level II depth
  23. Hedge fund strategy and factor analysis
  24. Risk management for alternative portfolios
  25. Investment and operational due diligence
  26. Fund terms, fees and waterfalls
  27. ESG and climate risk in alternative portfolios
  28. Constructed-response answer technique
  29. Targeted rework of the three weakest topics
  30. Calculator fluency for Level II calculations
  31. Deciding whether to defer to a later window
  32. Recovery rule for a lost study fortnight
  33. Condensed revision notes for the final phase
  34. Running a Level II study group
  35. First full timed Level II mock
  36. Second mock with independent marking
  37. Final four weeks revision plan
  38. Exam week logistics
  39. Exam day pacing plan
  40. Level II results and next steps
  41. Studying Level II alongside a full-time role
  42. Level II as a student or new graduate
  43. Studying Level II as a parent or carer
  44. Employer sponsorship and study leave request
  45. Retaking Level II after an unsuccessful attempt
  46. Level II alongside the CFA programme
  47. Practice manager due diligence memo
  48. Private markets pacing model in a spreadsheet
  49. Caribbean pension and insurance portfolio case study
  50. CAIA membership and charter steps after passing

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

Level II exam format and window check

Before any study hours are planned, you need the facts that shape them: the current exam windows, registration deadlines, fees, how the multiple-choice and constructed-response sections work, and which curriculum edition applies to your sitting. These details are revised between years, and a plan built on a forum post from two cycles ago can miss a deadline or cover the wrong readings.

First tasks

  • Open the association's Level II exam page and note the next two exam windows
  • Write down the registration deadlines and fees for each window
  • Note how the multiple-choice and constructed-response sections are structured
  • Confirm which curriculum edition and study guide apply to your chosen window

Level II registration and exam appointment

Registration closes well before the window opens, and appointments at popular test centres fill early. Registering as soon as the plan is set fixes the date every other project counts back from, and checking that your registered name matches your identity document avoids being turned away on the day.

First tasks

  • Pick the window that leaves the study weeks your plan needs
  • Register for Level II and file the confirmation email
  • Book the exam appointment as soon as booking opens
  • Check the registered name against your passport or ID letter by letter
  • Put the exam date and the rescheduling deadline in your calendar

Level I carry-over gap audit

Level II assumes you still remember Level I: return and risk measures, the statistics behind them, hedge fund strategy mechanics, private equity structures and real asset basics. Many candidates sit Level II a year or more after Level I and only find the gaps when an item set builds on them. A short diagnostic now shows which Level I topics need an hour and which need a week.

First tasks

  • List the Level I topics the Level II study guide says it builds on
  • Answer 40 Level I practice questions spread across those topics
  • Rate each topic green, amber or red from your scores
  • Revisit one red or amber Level I topic from the gap list @recurring(monthly:5)

Make it yours.

Install CAIA Level II, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.