CIPM® Program exam levels compared
Comparison
As you pursue your CIPM certification, it’s important to understand the different exam levels. Level II of the curriculum builds on Level I and increases in complexity. Level II also contains all manager search and selection content. The chart below explains the differences between each exam so you can prepare accordingly.
| Level I | Level II | |
| Exam structure | 100 questions | 80 questions |
| Exam length | 3 hours | 3 hours |
| Question format | Multiple-choice | Scenarios and multiple-choice |
| Results availability | Within 60 days of taking the exam | Within 60 days of taking the exam |
| Focus | The Level I exam emphasizes the conceptual foundations of performance measurement, attribution, appraisal, and presentation, as well as the GIPS standards. This level is weighted more heavily on performance measurement and attribution. | The Level II exam emphasizes performance appraisal and manager selection, including application of the appropriate tools and inputs in more complex investment decision-making situations. |
| Pass rate | 42% | 44% |
| Resources | Level I quick start guide | Level II quick start guide |
Advance your career
Earn the CIPM designation to deepen your knowledge and increase your professional value. First time registrants must enroll in the CIPM Program. Click on the link below, create an account, and gain access to everything you need to prepare for the CIPM exam.
