Fifty-seven Percent of CFA Institute CIPM® Candidates Pass Final Exam, Earn Designation
CFA Institute, the global association of investment management professionals, announced that 57 percent of candidates who sat for the Level II Certificate in Investment Performance Measurement (CIPM®) Program exam in September 2018, have passed. These successful candidates can now use the CIPM designation to demonstrate their mastery of skills in evaluating investment performance and risk, selecting superior fund managers, and communicating performance clearly and effectively to investors.
“Investment performance, or expressing how well investment decisions are made, is the key metric for the investment management profession,” said Thomas Porter, head, CIPM Program. “The CIPM designation is the only credential dedicated to investment performance, and signals an advanced level of competency, professionalism, and expertise to both employers and investors. We congratulate our new CIPM certificants who join more than 2,300 investment professionals worldwide in holding this esteemed designation.”
Candidate growth for the CIPM designation continues among CFA charterholders, with many seeking continuing professional development or a specialization in investment performance and risk evaluation. Growth continues to be strongest in the Asia Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions, which for the first time account for more than half of all registrants globally. Registrations from outside of the Americas ticked up seven points from 47 percent to 54 percent over the September 2017 exam cycle.
“CFA Institute is committed to ensuring that investment performance is professionally and consistently understood, measured, and communicated throughout the world, as exhibited through our GIPS Standards and CIPM designation,” said Porter. “As the CFA Institute presence has grown in APAC and EMEA over the last 20 years, adoption of our GIPS Standards has increased, and growth of the CIPM designation is following the same trajectory. For investors, this growth translates into greater transparency, clarity, and expertise from investment professionals worldwide.”
The CIPM curriculum is based on an advanced body of knowledge that is continually reviewed and updated by more than 1,000 active investment practitioners around the world, ensuring it remains relevant, testable, and reflective of current practice in investment performance evaluation. Approximately 70 percent of the CIPM curriculum covers advanced performance evaluation and the remainder focuses on ethical and professional standards.
The CIPM designation signals competency at each key point in the performance chain: performance analysts who produce and present performance reporting, investment consultants who rely on the analysis to make informed recommendations and decisions, and portfolio managers and their teams whose performance and fidelity to strategy are evaluated.
To earn the CIPM designation a candidate must enroll and pass two exams (Levels I and II), become a regular member of CFA Institute, and meet professional experience requirements. CFA charterholders and candidates who have completed the CFA Level III exam can bypass CIPM Level I and proceed directly to Level II.
The CIPM curriculum is offered online and examinations are administered each year in March and September at test centers worldwide. Registration for both levels of the March 2019 examination remains open through January 31, 2019.
CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 165,000 CFA charterholders worldwide in 163+ countries and regions. CFA Institute has eight offices worldwide and there are 151 local member societies. For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.