CAIA Exam Results - Passed or Not?

CAIA Exam Results - Passed or Not?

For CAIA candidates, the moment the exam ends marks the beginning of a different kind of challenge: waiting for results. Whether you’ve just completed Level I or Level II, the anticipation can be intense. Knowing what to expect and how to interpret your results is crucial for managing this waiting period and planning your next steps. In this article, we’ll walk you through everything you need to know about CAIA exam results in 2025—when they’re released, how you’ll receive them, and what they mean for your journey toward the Chartered Alternative Investment Analyst designation.

When Are CAIA Exam Results Released in 2025?

CAIA exam results are typically released within three to six weeks after the exam window closes. While the organization does not publish an exact release date, most candidates receive their results approximately three to four weeks following the exam. For example, if your exam window ended on March 15, 2025, you can expect results to be released sometime between early to mid-April 2025.

How Will You Receive Your Results?

Once results are ready, candidates are notified via email. The subject line usually indicates that your results are available, prompting you to log into your CAIA account to view them. The results will not be detailed in the email itself, so you must access the CAIA portal to see your performance.

Make sure your email address is accurate in your profile, and check your spam or promotions folder around the expected result date to ensure you don't miss the notification.

What Information Is Included in the Results?

Your result will be marked as either "Pass" or "Did Not Pass." There are no numerical scores provided. However, you’ll receive a breakdown of your performance across different topic areas, categorized as:

• Comparable to Most Candidates

• Higher than Most Candidates

• Lower than Most Candidates

This breakdown helps you understand your relative performance, especially if you did not pass and plan to retake the exam. The minimum passing score is not disclosed and varies slightly with each exam cycle.

What Happens If You Pass?

If you pass Level I, congratulations—you’re halfway to becoming a CAIA Charterholder. Your next step will be to register for the Level II exam. CAIA exams are offered in March and September, so you can plan your study schedule accordingly.

If you pass Level II, you’re eligible to apply for the CAIA Charter. This involves submitting proof of your relevant work experience (at least one year of professional experience in the financial industry with a bachelor’s degree, or four years without one) and agreeing to abide by the CAIA Member Agreement and Code of Ethics.

What If You Didn’t Pass?

First, take a moment to reflect. The CAIA exam is challenging, and many candidates do not pass on their first attempt. Review your performance breakdown to identify weak areas. The feedback you receive can guide your preparation for the next exam cycle.

You can re-register for the next available exam window, which gives you a chance to regroup and refine your strategy. Many candidates find that using updated study materials or a different prep provider helps improve their results.

Tips for Managing the Waiting Period

• Stay engaged: Use the time between the exam and the results to reinforce your knowledge or catch up on industry trends.

• Network with other candidates: Join professional forums or online communities to discuss study strategies, industry news, and next steps.

• Plan ahead: While waiting for results, tentatively plan your schedule for the next exam window or your charter application process.

Waiting for your CAIA exam results in 2025 can be a nerve-wracking experience, but staying informed and prepared can ease the anxiety. Whether you passed or not, each step in the CAIA journey adds value to your professional development. By understanding the result timeline, the format, and your next steps, you can turn this waiting period into a productive phase of your career.

Keep an eye on your inbox, stay proactive, and remember—no matter the outcome, you’re progressing in a globally respected designation that reflects your commitment to alternative investments.