CIPM® Program                               

Performance and risk evaluation skills that drive smarter, more effective investment decisions

The Certificate in Investment Performance Measurement (CIPM) Program is the industry’s only investment performance and risk-evaluation credential. CIPM candidates learn practice-based approaches to performance measurement, manager selection, attribution, risk evaluation, ethics, communication and reporting.

PRINCIPLES LEVEL EXEMPTION

• CFA charterholders and others who have passed Level III are now eligible to proceed directly to the Expert Level of the CIPM Program.
• Learn more about the exemption (PDF).
• View the recording and download the presentation (PDF) from CFA Institute's October 6, 2016 webinar for those who are eligible for this exemption.

THE CURRICULUM

• The program is organized into two parts, the Principles and Expert Levels, covering the following topics:
• Performance Measurement
• Performance Attribution
• Performance Appraisal & Manager Selection
• Ethical Standards
• Performance Presentation
• Global Investment Performance Standards (GIPS)

CIPM CERTIFICANTS

• Are equipped to thoroughly evaluate all aspects of investment performance
• Possess skills for identifying drivers of performance
• Know how to conduct effective manager search and selection beyond performance evaluation to manager evaluation
• Are trained in producing comprehensive and transparent risk and performance reports
• Improve their firms’ reputation for acumen, accuracy, and accountability
• Have a deep understanding of their ethical responsibilities
• Increase efficiency and risk awareness

PROGRAM DETAILS

• Two levels of study and exams: 1) Principles and 2) Expert
• Exams for both levels are offered twice a year, in April and October
• Curriculum is continuously updated by practitioners to ensure it stays relevant to today’s employers
• Self-study format allows candidates to set their own schedule and continue working full-time
• Completion typically takes between 1-2 years total and an average of 120 hours of study per level
• Successful candidates are awarded the CIPM certificate and hold the CIPM designation

To learn more about the CIPM Program, visit us at www.cfainstitute.org/programs/CIPM