CIPM Course of Study

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What You Learn in the CIPM Program

The CIPM curriculum is based on an advanced body of knowledge that is continuously reviewed and updated by more than 1,000 active investment practitioners around the world to ensure it reflects the most relevant trends and the core competencies. Read about updates to the 2018 curriculum (PDF)

Approximately 70% of the program covers advanced performance evaluation and 30% covers ethical and professional standards, including the Global Investment Performance Standards (GIPS). Learn more about topics covered in the curriculum.

2018 Topic Area Weights

Major Topic Area Level I
Level II
Performance Measurement
30% 10%
Performance Attribution 25% 15%
Performance Appraisal and  Manager Selection
20% 40%
Ethical Standards
15% 15%
Performance Presentation and GIPS Standards 10% 20%
   Total 100% 100%

These weights serve as a high level guide for the curriculum and exam development processes. Actual exam weights may vary slightly from year to year. Some topics are combined for testing purposes.

Study Support

Candidates should be able to succeed by studying the curriculum and mastering the LOS; however, some candidates may benefit from taking prep course or using review notes. These should be used to supplement and not replace the CIPM curriculum. Assistance with preparing for the exam is available through a variety of sources: