Early Bird Launch — 85 spots remaining·11 days to exam

CAIA Level II · September 2026

The CAIA L2 Exam is in 2 Weeks.

Every week without structured prep is a week your competition uses against you.

11Days
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40Minutes
05Seconds

Time left to prepare for CAIA Level 2

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CAIA Level 2 · 2026

Your Guide for
Financial
Education.

Master the CAIA Level 2 exam with professional flashcards, mock exams, and structured study plans built for finance professionals.

What's Inside

Built to get you
exam-ready.

Start for free →
Spaced Repetition

Leitner-Box Flashcards

Not just cards — a smart system that surfaces what you're weak on. Cards move through 5 boxes based on your recall, so you spend time where it counts.

5-Box Leitner System

Live Preview

📦 Box 5

Mastered

What is the J-curve effect in private equity?

📦 Box 3

Learning

What is the J-curve effect in private equity?

📦 Box 1

New

What is the J-curve effect in private equity?

5

Chapters Covered

500+

Flashcards

100+

MCQ Questions

AI

Study Planner

YBS Services

Everything you need to pass the CAIA Level 2 exam — in one place.

View Plans

Vocabulary Flashcards

Interactive Leitner-box flashcards with spaced repetition. Master every CAIA term and concept systematically.

Study Handbook PDF

Comprehensive study handbook delivered as a PDF — covering all CAIA Level 2 readings in a structured format.

Formula Sheet PDF

All key formulas and definitions in one concise, printable reference sheet — delivered by YBS.

Mock Exam Questions

Practice questions modeled after the actual CAIA Level 2 format. Available in Pro & Elite plans.

Progress Tracking

Monitor your Leitner box progress per topic. See exactly which concepts need more attention.

Study Plan

Personalised week-by-week study schedule that fits your exam timeline — included in Pro & Elite.

Distribution of Topics.

CAIA Level 2 — 2026 Curriculum

10%
Professional Standards & Ethics
15%
Institutional Asset Owners
20%
Asset Allocation & Portfolio Construction
20%
Private Equity & Real Assets
15%
Hedge Funds & Managed Futures
10%
Digital Assets & Emerging Topics
10%
Risk Management & Monitoring

Free Preview

Try the Flashcards.

Sample CAIA Level 2 flashcards — click to reveal answers.

Unlock All Cards →

What is an alternative investment?

Reading 2.1 – What is an Alternative Investment?

Click to flip →

  • Not a traditional investment like stocks or bonds
  • Often involves non-public or illiquid assets
  • Includes things like real estate, hedge funds, private equity

Click to flip back

How do real assets differ from financial assets?

Reading 2.1 – What is an Alternative Investment?

Click to flip →

  • Real assets are physical things (like land or commodities)
  • Financial assets are paper claims (like stocks and bonds)
  • Real assets can protect against inflation

Click to flip back

What is the J-curve effect in private equity?

Reading 5.2 – Private Equity Fund Structure

Click to flip →

  • Early negative returns due to fees and investments
  • Followed by positive returns as portfolio matures
  • Typical duration: 3–5 years before positive returns

Click to flip back

What is an alternative investment?

Reading 2.1 – What is an Alternative Investment?

  • Not a traditional investment like stocks or bonds
  • Often involves non-public or illiquid assets
  • Includes things like real estate, hedge funds, private equity

How do real assets differ from financial assets?

Reading 2.1 – What is an Alternative Investment?

  • Real assets are physical things (like land or commodities)
  • Financial assets are paper claims (like stocks and bonds)
  • Real assets can protect against inflation

What is the J-curve effect in private equity?

Reading 5.2 – Private Equity Fund Structure

  • Early negative returns due to fees and investments
  • Followed by positive returns as portfolio matures
  • Typical duration: 3–5 years before positive returns

Exam Countdown

How much time left?

Set your CAIA Level 2 exam date and track every second.

11

Days

:

07

Hours

:

40

Min

:

05

Sec

12 days

Total days remaining

1 weeks

Study weeks available

14 September 2026

Exam date

Finance Exams

Overview of Finance Exams

01
CIIA – Foundation 1
Basics of finance, accounting and valuation.
02
CIIA – Foundation 2 + National
Adds macro, derivatives and local market rules.
03
CIIA – Finals
Applied investment knowledge in case studies.
04
CAIA – Level 1
Intro to alternative assets and ethics.
05
CAIA – Level 2Now Available
Portfolio construction, due diligence & emerging topics.
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Self-study essentials

  • Chunked study readings with active recall
  • Leitner flashcards (spaced repetition)
  • Vocabulary system
  • MCQ standard questions
  • Formula sheet (view only)
  • MCQ calculation questions
  • AI study planner
  • Weak area detection & analytics
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  • Formula sheet with PDF export
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Success Stories

Hear from people about the study experience.

5.0

3 verified reviews

MG

"I passed CAIA Level 2 on my first attempt. The topic breakdowns are incredibly clear and the mock exams are very close to the real thing."

Maria Goncalves

Associate, Asset Management

JC

"The YBS flashcard system helped me structure my CAIA prep in a way no textbook could. The Leitner box approach made repetition feel efficient, not tedious."

Jennifer Cohen

CFA, Portfolio Manager

MS

"YBS gave me a professional edge. The summaries are crisp and the study plan kept me accountable. Highly recommend for any serious finance professional."

Michael Soveign

Risk Analyst, Investment Bank

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