Well, I come from a good school, although I'll be graduating with the wrong major. It's worth noting that CFA's remain in high demand, whereas the CAIA program has yet to catch on.
Sure CFAs come in high demand, in traditional Long Only Equity Analyst positions. CAIA is not targeting this pool of candidates, it is focused on alternative investments analysis, and if you talk to people in the FOF space it has made tremendous progress in such a short time of existence. CAIA has an event coming up in San Fran, why dont you check them out and find out first hand what the association is all about. http://www.caia.org/events/caiaevents/