Evaluating buyouts, venture capital, and distressed debt.
This is the most critical change. The curriculum now uses a proprietary framework replacing the CFA standards. This topic is guaranteed to be tested in the first constructed-response (essay) question. caia level 2 schweser notes pdf upd
For the 2026 CAIA Level 2 exam cycle, the curriculum has undergone substantial updates, most notably the introduction of proprietary which completely replace the CFA Institute standards. Relying on outdated PDFs from 2025 or earlier will miss these critical sections, which are now guaranteed to be tested in the Constructed Response (essay) portion of the exam. 2026 Curriculum Strategy CAIA Level 2 Schweser Notes PDF Update
Kaplan Schweser provides several digital and physical formats to accommodate different study styles: CAIA Level 2 Study Materials - Kaplan Schweser Best for: Candidates with a strong quant background