Chartered Alternative Investment Analyst (CAIA) is a financial career designation awarded by the Chartered Alternative Investment Analyst Association. CAIA charter holders focus on the alternative investment industry,including hedge funds, private equity, real estate investment, and venture capital firms.
Requirements Students must have a minimum of a year's experience and a bachelor's degree from a U.S. college or university. Two exams (testing two curricular modules) must be passed. Tests cover trading theories, benchmarking, qualitative and quantitative analysis, and alternative investment strategies, trends, and principles.
Considerations. The scope of the CAIA designation departs from the traditional market asset classes (stocks, bonds, and money market instruments). The CAIA designation creates a standard of excellence for the alternative investment industry. The alternative investment industry seeks CAIAs and CFAs more frequently than other professional designations.
The Chartered Alternative Investment Analyst Association provides career networking through organization chapters and continuing education programs.
Compensation. CAIA charter holders' entry-level salaries are comparable to CFA charter holders, with a range from $48,797 to $72,501. There is some evidence that experienced CAIA charter holders earn more money than CFAs. This differential may be attributed to the higher payscales of the alternative investment industry.