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Swift 

INTELLECT

Exam Details for the CIPM Exam 2025

The CIPM Program consists of a structured sequence of two exams—Level I and Level II—that must be completed in order.

Candidates are advised to dedicate at least 150 hours of study per exam level, though the actual time required varies based on individual experience and background. Each candidate is allowed multiple attempts per exam level and can progress through the program at their own pace.

To ensure relevance in the evolving investment performance measurement field, the CIPM curriculum undergoes regular updates, incorporating the latest industry standards, including Global Investment Performance Standards (GIPS®), risk assessment methodologies, and performance attribution techniques.

Level I: Exam Overview

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    • Exam Frequency: Twice a year (March & September)

    • Duration: 3 hours total

    • Number of Questions: 100 multiple-choice questions

    • Focus: Fundamental investment performance measurement concepts, risk assessment, attribution, and ethical standards

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    Ethics and Professionalism 15%

    Performance Measurement 35%

    Performance Attribution Analysis 25%

    Performance Evaluation and Appraisal 10%

    Portfolio Performance Presentation 15%

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    • Recommended Study Time: 150+ hours

    • Study Approach:

      • Focus on fundamental concepts and ethical guidelines

      • Use CFA Institute’s Learning Ecosystem for structured learning

      • Take practice exams to reinforce knowledge

      • Ethics and GIPS standards are heavily tested

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  • There are no specific prerequisites for enrolling in the CIPM Program, although candidates typically have some experience in investment performance measurement, analysis, or a related field.
     

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    • Standard Registration Fee: $575

    • Late Registration Fee: $775

    • No additional enrollment fees

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