The Certificate in Investment Performance Measurement (CIPM) Program
Distinguish yourself as a leading professional in the field of investment performance measurement. The Certificate in Investment Performance Measurement (CIPM®) leverages the expertise of CFA Institute, a respected global leader in investment education, ethics, and standards. By developing your skills for performance evaluation and manager analysis, you’ll gain the trust of clients, colleagues, and the wider finance community.
Gain the skills for effective investment performance (return and risk) evaluation, manager selection, and investment reporting – based on the Global Investment Performance Standards (GIPS®) standards.
Learn more about the CFA Institute CIPM Program.
Get basic facts about the CIPM Program, who pursues it, and how it can help you in your career. Download Fact Sheet.
Why earn the CIPM designation?
At a glance
Months
Average commitment
The average time it takes to complete program.
Hours
Time required
The average amount of hours of study per exam level.
Exams
Program exams
You must pass the exam for both levels.*
*CFA charterholders and those who have successfully passed the Level III CFA® exam can enter and complete the program directly at Level II.
Locations
Global coverage
The CIPM exams are administered in 80 countries.
How to earn and maintain the CIPM designation
The following steps detail how to earn your CIPM designation and maintain your status with ongoing professional learning opportunities:
1. Enroll in the CIPM Program by registering for the Level I exam
There are no entrance requirements for Level I. If you’re a CFA Charterholder or have successfully completed the Level III CFA exam, you can register directly for Level II.
2. Complete Level I and Level II exams
CIPM exams are offered in March and September.
3. Become a regular member of CFA Institute
You need to be a regular member of the CFA Institute to earn the CIPM designation. Learn more about applying for membership.
4. Maintain your Mandatory Professional Learning (MPL)
As a CIPM designation holder, you need to complete at least 15 credits each year to maintain your designation.
CIPM Program: Is it right for me?
Take the readiness assessmentThe 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.