CIPM Program

Develop Expert Skills with Wide Application

Distinguish yourself with advanced portfolio evaluation and manager search and selection skills.

Take Advantage of Exam Exemptions

Use your charterholder status to enter and complete the CIPM Program directly at Level II.

Practice Continuing Education

Demonstrate your commitment to maintaining globally relevant and practice-based investment performance and risk evaluation skills.

Earn a Global Passport

Investment management professionals and institutions around the world recognize CFA Institute credentialing programs. View available waivers.

Deepen Your Insights

Add a deeper level of understanding to performance results, risk analysis, and reporting.

Build Stronger Client Relationships

Gain the trust of sophisticated clients through expert understanding and explanation of performance results.

Average Commitment

18 MONTHS

The average time it takes to complete program.

Time Required

155 HOURS

The average amount of hours of study per exam level.

Program Exams

02 EXAMS

You must pass the exam for both levels.*

Global Coverage

400 LOCATIONS

The CIPM exams are administered in 80 countries.

*CFA charterholders and those who have successfully passed the Level III CFA® exam can enter and complete the program directly at Level II.

The CIPM Program curriculum prepares you in effective investment performance (return and risk) evaluation, manager selection, and investment reporting based on the Global Investment Performance Standards (GIPS®) standards.

LEVEL I
Portfolio Performance Measurement and Attribution

Emphasizes the conceptual foundations of portfolio performance measurement, attribution, appraisal, and presentation, as well as the GIPS standards. This level is weighted more heavily on performance measurement and attribution.

• 100 multiple-choice questions

• 3 hours
  

LEVEL II

Performance Appraisal and Manager Selection

Emphasizes performance appraisal and manager selection, including application of the appropriate tools and inputs in more complex investment decision-making situations.

• 20 item sets, each containing 4 multiple-choice questions

• 3 hours

Once you are a registered candidate, you gain access to a wealth of information to help you study for exams and excel in your career. The Learning Ecosystem houses the entire CIPM curriculum, as well as:

• Personalized Study Plans

• Flashcards

• Practice Questions

• Mock Exam

• Candidate Discussion Board

Earn the Certificate in Investment Performance Measurement designation to deepen your knowledge and increase your professional value. First time registrants must enroll in the CIPM Program. Click on the link below, create an account, and gain access to everything you need to prepare for the CIPM exam.

The CIPM Program is not yet offered globally. We are working to expand the certificate into additional markets. At this time, for example, we are not able to test candidates on mainland China. We are working with local regulators to obtain approval to test candidates in the region. Once approval is obtained, we will update this notice.  Please review the complete list of test center locations before registering.