How the CIPM Curriculum was Developed

 

 

Practice Analysis and Topic Area Weights

The CIPM exams and supporting curriculum are grounded in the practice of the investment performance profession. In 2005, CFA Institute conducted a practice analysis survey of performance professionals around the world to determine job responsibilities and the knowledge, skills, and abilities that are important to the competent practice of investment performance evaluation and presentation.

 

The CIPM Association Advisory Council relied upon the survey results in recommending the emphasis for each major topic area on the CIPM exams, and CFA Institute structured the supporting curriculum accordingly. The analysis will be updated periodically to reflect changes in the practice of performance evaluation and presentation.

 

These topic area weights should help allocate your preparation time.

 

2007 CIPM Exam Guideline Topic Area Weights
Major Topic Area	Principles Level	Expert Level
Ethical and Professional Standards	13%	12%
Performance Measurement, Attribution, and Appraisal	45%	44%
The Global Investment Performance Standards	42%	44%
Total	100%	100%

 

 

The number of exam questions in a given topic area does not necessarily match these topic weights. Exam questions may draw upon a breadth of knowledge and a variety of skills. However, the guideline weights are a generally valid indicator of the emphasis given to each topic area in the exam.