Fifty-one Percent of CFA Institute CIPM® Candidates Pass Final Exam
CIPM Program is only professional designation dedicated to investment performance and risk evaluation
New York City, United States 13 Nov 2019
CFA Institute, the global association of investment management professionals, announces that 51% of candidates passed the Level II Certificate in Investment Performance Measurement (CIPM®) Program exam administered in September. Candidates will receive their CIPM designation pending verification of experience and membership requirements.
The only credential of its kind, the CIPM Program leverages the global expertise of CFA Institute to deliver practice-based approaches and skills for effective investment performance and risk evaluation, manager selection, and investment performance reporting that is ethical, transparent and insightful.
“Transparency and truth in investment performance must be the bedrock of our profession, and CIPM certificants have affirmed their commitment to, and expertise in, safeguarding these values,” said Thomas Porter, Head, CIPM Program. “The CIPM Program provides investment professionals with the advanced portfolio evaluation, ethical training and analytical skills needed to confidently appraise investment results across managers and firms, and to report these with global consistency.”
In addition to the new certificants, 48% of candidates who took Level I of the CIPM exam passed. The CIPM Program curriculum is based on an advanced body of knowledge that is continually reviewed and updated by investment practitioners to ensure it comprehensively and completely reflects the competencies needed to succeed in today’s financial industry.
A total of 2,377 investment professionals hold the CIPM designation worldwide, demonstrating their commitment to transparency, accountability, professionalism, and putting clients’ interests first. Successful CIPM candidates include portfolio managers, investment consultants, performance analysts, risk analysts, compliance officers, GIPS verifiers, and financial advisors, among others.
To earn the CIPM designation, a candidate must enroll in and pass two exams, become a member of CFA Institute, meet professional experience requirements, and maintain mandatory continuing education. CFA charterholders and candidates who have successfully completed the Level III CFA exam can proceed directly to the second CIPM Program exam (Level II). On average, CIPM Program candidates report spending approximately 150 hours studying for each exam.
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 168,000 CFA charterholders worldwide in 164 markets. CFA Institute has ten offices worldwide and there are 158 local member societies. For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.