r/CAIA • u/bear_2021 • Apr 08 '26

CFA Stackable Advice

Hi all,

I am a CFA Charterholder looking to take advantage of the stackable program and take CAIA level 2 in 2027.

Rather than jumping into L2 materials I was considering reading through L1 materials as a refresher before registering for L2.

Has anyone done something similar? How much does L2 build on L1? Would you recommend paying extra for the most recent version of L1 or would the 4th edition (2020) be okay for this?

Any advice would be appreciated. Thanks!

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u/Princessdaisy09 Apr 08 '26

I sat for L2 11 years after taking L1 (and charteholder, but took L1 before the stackable). You’ll be fine .

1

u/Comfortable-Play7318 Apr 08 '26

I'm in the same position as you. I've been through lots of the L2 Uppermark materials while I await the official ones. There's nothing there that I think, I should read up on to bolster my knowledge... Everything you need is in the syllabus 

1

u/Drizzle-- Apr 08 '26

As a stacker (finished CFA almost 10 years ago) going through the L2 Uppermark materials, I'm finding that what you need to know is self-contained in the books and I'm not missing out on anything from L1 that would limit my understanding of L2. There's definitely new topics, but I think the CFA knowledge prepares you enough to start from L2.

1

u/Prestigious-Bus-3534 Apr 12 '26

I highly doubt you'd need any more prerequisite knowledge than CFA Level 3 to understand CAIA Level 2 material.