The common knowledge exams are divided into two levels - the Foundation and Final Level. Examined are essential skills and knowledge required for professionals working in investment markets common in all countries.
The national / regional exam is set by individual national / regional societies and examines knowledge of specific markets. Covered are the legal, regulation, taxation, local market practices and the cultural environment of the financial market of study.
Foundation level:
Exam Format: multiple choice, calculation, discursive and short essay questions.
Exam 1 | 3H10 |
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Exam 2 | 2H40 |
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Exam 3 | 3H10 |
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Graduates who already have relevant qualifications may be exempt from the Foundation Level exams. Contact your local national / regional society for further details.
Final level
Exam Format: full and mini-case study questions and in-depth essay.
Exam 1 | 3H |
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Exam 2 | 3H |
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National / Regional Exam
Set by individual national/regional societies and examines knowledge of specific markets. Covered are the legal, regulation, taxation, local market practices and the cultural environment of the financial market of study.
Exam 1 | 3H |
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Exam Making
All CIIA exams are provided by the AZEK - the centre for international examinations in Switzerland. The CIIA International Examination Committee is made up of professionals from within the industry who are associated with the Swiss Examinations Centre.
Rules and Regulations
Download the Rules and Regulations of the CIIA examinations here.
Study and study references
Proceed to study and study references for:
March
The pass rates for March 2022 are:
Final 1: 76.76%
Final 2: 75.55%
September
Pass rates for September 2022 are:
Final 1: 82.22%
Final 2: 46.34%
March
The pass rates for March 2023 are:
Final 1: 85.95%
Final 2: 80.23%
September
Pass rates for September 2023 are:
Final 1: 42.03%
Final 2: 54.22%
March
The pass rates for March 2024 are:
Final 1: 78.30%
Final 2: 64.64%
September
Europe/South America/Africa – 20 September 2024
Asia – 21 September 2024
March
Europe / South America / Africa – 7 March 2025
Asia – 8 March 2025
September
Europe / South America / Africa – 19 September 2025
Asia – 20 September 2025
Study Reference
The Study Reference files are available for download in PDF format. If you do not have a PDF reader please download one here. Before downloading study materials please read our disclaimer.
Exam Syllabus
The CIIA Examination Syllabus 2024 will first apply to the CIIA Final Level examinations held in March 2025. In the March 2024 and September 2024 Final Level examinations, the CIIA Syllabus 2022 is applied.
The CIIA Examination Syllabus 2024 reflects changes in “Portfolio Management”:
Contact ACIIA if you have any questions by filling out the contact form by clicking on the contact button