CFA Institute Reports Results for CIPM® Program Testing in September

CFA Institute, the global association of investment professionals, announces today the results of the September 2025  Certificate in Investment Performance Measurement (CIPM®) examinations. The results coincide with the 20th anniversary of the CIPM Program. 

Of 192 candidates who sat for the Level I CIPM examination in September, 34 percent have passed. Of 168 candidates who sat for the Level II CIPM examination in September, 52 percent have passed. All candidates will be notified of their results today. 

Chris Wiese, CFA, Managing Director of Education at CFA Institute, comments: 

“Congratulations to all successful CIPM candidates on this achievement. The CIPM Program equips investment professionals with advanced analytical and ethical skills that strengthen transparency and accountability across our industry. By pursuing this designation, candidates demonstrate a commitment to excellence that supports sound decision-making and helps build trust in global financial markets.” 

Successful Level II candidates will receive their CIPM designation upon successful verification of professional experience and CFA Institute membership requirements. This includes attesting to ethical guidelines, the CFA Institute Codes and Standards each year, and maintaining a minimum of 15 credits of continuing education annually. CFA® charterholders who have successfully completed Level III of the CFA Program may proceed directly to Level II of the CIPM Program if they so choose.  

Candidates for the September 2025 Level I and Level II CIPM exams attended in person at a proctored examination venue in one of 47 markets worldwide. The next CIPM examination window is scheduled for March 2026.  

CFA Institute Celebrates 20 Years of the CIPM® Program 

2025 marks the 20th anniversary of the Certificate in Investment Performance Measurement Program, a globally recognized credential that has enabled investment professionals worldwide to commit to standards of excellence in investment performance and reporting. 

Two decades ago, CFA Institute recognized the industry’s growing need for specialized expertise in performance measurement, attribution, and reporting.  

The CIPM Program was created to meet that need by drawing on the CFA Institute Global Investment Performance Standards (GIPS) to develop a program whereby investment professionals could attain a rigorous understanding of global standards for accuracy, integrity, and transparency in evaluating and presenting investment results. 

Chris Wiese, CFA, adds: 

“Individuals who earn the CIPM designation have mastered the principles behind the Global Investment Performance Standards, which are used by more than 1,600 organizations worldwide, including the top 25 asset managers globally. Congratulations to all candidates who have demonstrated their commitment to upholding a higher standard.”  

29th Annual GIPS® Conference 

CFA Institute will host the 29th Annual Global Investment Performance Standards conference in Phoenix, Arizona, 11-12 November. The conference will bring together asset managers, asset owners, and compliance professionals to navigate the evolving landscape of investment performance. The agenda features expert-led session on OCIO portfolios, the SEC Marketing Rule, best practices in return attribution, and more. The full agenda is available at 29th Annual GIPS Conference.