One comparable, two higher, rest stronger. Paid my two year membership dues of $650 and got an email right away telling me to use the CAIA designation! Very nice!
I was stronger in CRI. Wow, that’s surprising because i thought that stuff kicked my butt, haha!
May request a change… I think you probably pay less but are not a full member. if you have no problem paying the full amount and want the full membership then you’re good to go
Felt I was a 50/50 chance on passing and got stronger on most. A little perplexed. I do wonder if there is much separating the scores as I only felt I had a good handle when taking the test on real assets of which I work in. I only got lower in Ethics and I thought my Ethics questions was crazy and wouldn’t know how to answer the main part still.
In preparing for a fail over the past six weeks, I reviewed the CAIA Workbook of which I did not use. I highly recommend for any that failed printing out the workbook and reviewing the answers. Those 400 questions (concepts) are worth your time.
Passed with Stronger in all but Allocation and Institutional Investors (Higher) and Ethics (Weaker) - thankfully there is not a downward Ethics adjustment. Ethics score surprised me given that I scored >90th percentile on the CFA Level III exam a few months prior.
Whether the CAIA association is likely to take on feedback regarding the way it sets its exams – it needs to stop testing rote memorisation and actually test concepts. Calculations need to be tested a bit more seriously and in more depth. The exam in general needs to be more difficult and concepts tested more thoroughly. The MPS also needs to be higher – this isn’t an artifact of me having passed but accessibility has to be tempered with exclusitivity.
What they find regarding stackables and their performance vs the general CAIA test-taking cohort.
I agree but I thought the test was difficult. I scored around the top 20 percent and would be surprised if I had 70 percent correct answers. That means the MPS is probably pretty low if over 60 percent passed
CAIA comes at the material and testing from a more due diligence standpoint. CFA testing is more analysis and easier for me personally. I had studied for CAIA thinking it was a ‘CFA like’ test but on Alts. Not the case…,
I also think CAIA is in a recruitment effort. They are trying to get more people to have the CAIA designation before making it exclusive. Thus, going after ‘Stackables’. Maybe that’s right or maybe that’s wrong.
Happy to have passed, studied with Kaplan for Level I and UpperMark for Level II. To anyone who failed, keep your head up and hit the books hard again ASAP. Get your hands on as many practice questions as possible, and make sure to start practicing the constructive response questions early.
Only complaint I would have is that CAIA don’t openly state results release dates. I called them 4 hours before results were released, and they said they didn’t know. It’s very frustrating waiting for the email to appear in your inbox, hopefully they’ll get this sorted for future candidates.