CAIA September 2025 Results OUT: Level 1 Pass Rates & Score Analysis

CAIA September 2025 Results OUT: Level 1 Pass Rates & Score Analysis

The CAIA September 2025 exam window has officially closed, leaving thousands of candidates worldwide eagerly awaiting their results. Based on the CAIA Association's established timeline and historical patterns, here's everything you need to know about when and how you'll receive your September 2025 exam results.

When Will September 2025 Results Be Released?

Expected Release Window: Mid to Late October 2025

The CAIA Association consistently delivers exam results within 5-8 weeks after the exam date, depending on the level taken. For September 2025 candidates:

• Level I Results: Expected between October 20-30, 2025

• Level II Results: Expected between October 25 - November 5, 2025 (slightly delayed due to essay grading)

The Association commits to releasing Level I results within five weeks of the exam window's close, while Level II results may take an additional week due to the human grading required for essay components.

How You'll Receive Your Results CAIA September 2025 Results OUT

Results notification arrives via email, but the message won't contain your actual pass/fail status. Instead, you'll be directed to log into your CAIA candidate account to access your comprehensive performance report.

Pro Tip: Add @caia.org to your email safe-sender list now to ensure you don't miss the results notification.

What Your Performance Report Will Include

Your results package goes far beyond a simple pass/fail notification:

Detailed Topic Breakdown: Performance analysis across all major subject areas Percentile Rankings: How you performed relative to other candidates Targeted Feedback: Specific areas for improvement if a retake is necessary Overall Score: Your final examination performance metric

Historical Pass Rate Context

While we await September 2025 specific data, understanding recent trends helps set expectations:

Level I Historical Performance

• 2017-2024 Range: 45% to 64%

• Seven-Year Average: 51%

• Recent Volatility: Pass rates have fluctuated significantly, from as low as 45% (March 2023) to previous highs exceeding 70%

Level II Performance Trends

• March 2025 Pass Rate: 62%

• 15-Year Average: 63%

• Typical Range: 56% to 70% since 2006

• Recent High: 81% (March 2020)

Factors Influencing September 2025 Results

Several elements may impact this exam cycle's performance:

Market Conditions: The current alternative investment landscape and recent market volatility may influence exam content emphasis.

Candidate Volume: Increased interest in alternative investments has driven higher candidate numbers, potentially affecting curve-based scoring.

Curriculum Updates: Any recent changes to the CAIA curriculum could impact performance patterns.

What Happens Next?

If You Pass Level I

• Begin preparing for Level II (March 2026 or September 2026)

• Consider work experience requirements for final certification

• Start networking within the CAIA community

If You Pass Level II

• Complete work experience documentation

• Apply for CAIA charter

• Join the global CAIA member community

If You Need to Retake

• Use detailed performance feedback to create targeted study plan

• Next opportunity: March 2026 exam window

• Registration typically opens 4-5 months before exam date

  
  

Preparation for Results Day

While waiting for results:

Stay Positive: Remember that CAIA maintains rigorous standards, and many successful professionals required multiple attempts.

Plan Ahead: Whether celebrating success or preparing for a retake, having a plan reduces anxiety.

Professional Development: Continue building alternative investment knowledge through CAIA resources and industry publications.

Managing Expectations

The CAIA examination's difficulty reflects the complex nature of alternative investments. Recent years have shown pass rates below 60% for some exam windows, emphasizing that thorough preparation and realistic expectations are essential.

Remember that the detailed feedback provided, regardless of outcome, represents valuable professional development insight that will benefit your career in alternative investments.

Final Thoughts

September 2025 CAIA candidates should expect results in the coming weeks, with Level I results likely arriving first. The comprehensive feedback provided will offer valuable insights whether you're advancing to Level II, celebrating final certification, or preparing for your next attempt.

The CAIA designation continues growing in recognition and value, making your investment in this challenging certification process a strategic career decision in the expanding alternative investment industry.