Macquarie University Applied Finance Centre (MAFC) is the first strategic partner of the Chartered Alternative Investment Analyst (CAIA) Association in Australia. This strategic partnership is an acknowledgement that at least 60% of the required body of knowledge for CAIA candidates is covered within the Master of Applied Finance (MAppFin) curriculum. Candidates preparing for the CAIA qualification will therefore benefit from undertaking the MAppFin program.
Under the partnership, the first of its kind in Australia, the Applied Finance Centre’s students will have access to the CAIA Association's curriculum and events and be eligible to apply for scholarships to earn the CAIA Charter, which requires passing rigorous Level I and Level II examinations.
For the CAIA exam preparation, we would recommend you follow the suggested program below.
Five core units from:
- Portfolio Management and Valuation (Investments prior 2015)
- Financial Instruments
- Financial Risk Management
- Corporate Finance
- Professional Practice (Legal Risk in Finance prior 2016)
Six elective units from:
- Applied Portfolio Management
- Credit Portfolio Management
- Derivatives Valuation
- Economics of Financial Markets
- Ethical Risk in Finance
- Structured and Exotic Products (Exotic Options prior 2016)
- Hedge Funds
- Infrastructure and Property
- Interest Rate Portfolio Management (prior 2016)
- Investment and Credit Analysis
- Modelling Prices and Risk
- Private Equity Investment
- Resources Industry Investment Analysis
- Risk and Portfolio Construction
- Topics in Wealth Management (Life Cycle Investing) (from 2017 will be known as 'Life Cycle Investing')
"Through this partnership, Macquarie students will have access to the most current, in-depth education in asset classes such as commodities, hedge funds, and private equity, giving them a competitive advantage in the growing field of alternative investing."
— Jo Murphy, Managing Director, Asia Pacific, CAIA Association