CFA Institute, the global association of investment management professionals, announces that 59% 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.
“Clarity, transparency and accuracy in investment performance remains essential to maintaining investors’ trust, especially in times of great turmoil,” said Thomas Porter, Head, CIPM Program. “We are grateful to be able to welcome new CIPM certificants to the profession despite the COVID-19 pandemic. They will be able to bring their advanced portfolio evaluation, ethical training and analytical skills to bear to help ensure confidence and consistency for a growing number of organizations around the world.”
In addition to the new certificants, 59% 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.
More than 2,500 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 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 160,000 CFA charterholders worldwide in 164 markets. CFA Institute has nine offices worldwide and there are 159 local member societies. For more information, visit www.cfainstitute.org or
