If you’ve chosen to achieve the Chartered Alternative Investment Analyst designation, you’ve surely taken the right step in your career. The primary step to achieve your designation is qualifying the Level I of CAIA Exam. This complex examination is conducted twice every year in the months of March and September.

There are no education prerequisites to clear the primary stage of the exam. However, candidates need to have a complete understanding of accountancy and right Study resources, including Schweser Kaplan to qualify. To appear and qualify the primary examination stage, every candidate should register within five months prior to appearing in the exam portal at www.Caia.org.

Once you’ve completed enrolling yourself, you must visit its website to check out study materials, information regarding orientation sessions, policy reviews, additional study programs, and calculator information as well. The primary exam syllabus isn’t so complex, and so require a candidate’s complete knowledge on accountancy. The primary stage will examine your ability to work under excessive pressure and consider alternative investment subjects.

This preliminary exam might appear complex for candidates who aren’t accustomed to such sort of examination pattern. And so, with major skills and Schweser Kaplan, you can qualify the Level I of CAIA Exam in the first attempt.

These are simple tips to continue with to achieve success –

• Prepare Yourself for CAIA Exam Pattern

To qualify in preliminary stages and secondary exams, candidates need to answer 200 multiple-choice questions. The allotted time to completed answering these questions is 4 hours. Also, candidates need to answer 100 multiple-choice questions each in two-half (2 + 2 hours), along with a short interval in the middle.

Here are six major subjects every candidate must cover prior to appearing in the exam –

1. Introduction to Alternative Investments (20 – 28%)
2. Professional Standards & Ethics (15 – 25%)
3. Hedge Funds (12 – 20%)
4. Real Assets (11 – 17%)
5. Private Equity (11 – 17%)
6. Structured Products (10 – 14%)

This exam is computerized and the candidate needs to carefully answer each and every simple question to qualify.

• Start Preparation from Day 1

To succeed in your single attempt without any interruptions, candidates must consign to study as soon as completed enrollment and scheduled appointments as well. If you want to crack in one attempt, you must spend 200-hours studying for level I of the CAIA Exam. The subjects you’re examined require ample knowledge of candidates, which you can only attain over a structured and careful course of studying, including Schweser Kaplan.

• Concentrate More On Techniques Not Only Concepts

If you are prepared to appear in the examination, remember the exam technique is more important to qualify with flying colors. And so, candidates must ensure practices answering every question at great speed. That’s not so easy to cover up 100 multiple-choice questions within 72 seconds but you’re required to answer the entire set correctly. Thus, concentrate more on methods to complete answering around 80% questions correctly within 2-hours.

• Simulate the CAIA Exam

It is important to simulate the exam. The exam day pressure is a great aspect of your performance. Therefore, stimulating exam patterns prior to the actual exam can reduce your stress at times and guide you to assess your weakness.

• Utilize Practice Questions

That’s extremely important to practice what you’ve studied all-around your syllabus. Also, you must incorporate every single subject into your study chart to make certain you are prepared to answer questions from every section of the exam. The necessity to practice question and answer set is an important step prior to your exam. And so, candidates need to identify their mistakes and make necessary changes before the actual exam.

To conclude, the CAIA Exam isn’t easy work, which requires significant commitments of your schedule and study resources to qualify in Level I. However, passing the exam is completely up to you and so you need to choose the right study material today!