CIPM Exam Results and Scoring Information

Pass/fail exam results are emailed to candidates within 60 days of the close of the exam window. At that time, detailed exam results are available online.

Once your results are released, you will be able to register for the next CIPM® exam.

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Your Official Results

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Each candidate who sits for a CIPM exam is provided with a "pass" or "did not pass" exam result as well as detailed information on their performance.

Find your official result below (login required).

Access Your Level I March 2020 Exam Result
Access Your Level II March 2020 Exam Result

CIPM Exam Minimum Passing Score

The CIPM exams are compensatory; there is a minimum passing score (MPS) for the exams as a whole, but not for the individual topic areas reflected on each exam. After the completion of each exam window, candidates’ scores undergo thorough statistical analysis by the CIPM Association.

The CIPM Association sets the MPS for each exam. Pass rates are a result of, not a determinant of, the minimum passing score. Exam results are reported as either “pass” or “fail.” Numeric scores are not released to candidates.

Standard Setting for CIPM Exams

Standard setting is a rigorous, systematic process that is widely employed in professional credentialing programs. CFA Institute uses standard setting as an input into the minimum passing score (MPS) decision-making process for the CFA Program exams. The CIPM Program employs the Angoff standard-setting process, considered by test and measurement experts to be a reliable evaluation method for selected response exams.

The process involves assembling a panel of practitioners who are familiar with the knowledge, skills, and abilities required of competent practitioners in the field of investment performance valuation and presentation. Working under the direction of professional test and measurement specialists, the panelists go through an organized process to assess candidate performance. The MPS is determined after the completed questions have been subjected to thorough psychometric analysis and the standard setters have concluded their evaluation.

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