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Swift 

INTELLECT

How to Pass the CIPM Exam

The CIPM Exam is known for its rigor and specialized focus on investment performance measurement, requiring a strategic approach to studying and preparation. Success in the exam demands discipline, effective study techniques, and a deep understanding of performance evaluation, attribution analysis, and risk assessment.

Below are key strategies to help candidates pass the CIPM exam efficiently and gain expertise in performance measurement and reporting.

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1. Essential Study Strategies

1.1 Create a Study Plan & Stick to It

  • Allocate at least 150 hours of study per level.

  • Begin studying 3–4 months before the exam to ensure adequate preparation.

  • Break study sessions into manageable daily or weekly goals to cover the full curriculum.

  • Use CFA Institute’s Learning Ecosystem for structured study plans, practice questions, and mock exams.

1.2 Focus on the CFA Curriculum & Ethics

  • Every CIPM exam question is based on the official CFA Institute curriculum—ensure you study it thoroughly.

  • Ethics & Professional Standards and GIPS® Standards are heavily weighted in both levels—mastering these topics is critical for success.

  • Prioritize high-weighted topics such as Performance Measurement, Attribution, Risk Assessment, and Manager Selection.

1.3 Use Practice Questions & Mock Exams

  • Attempt as many practice questions as possible to reinforce concepts.

  • Take mock exams under timed conditions to simulate actual exam pressure.

  • Review incorrect answers carefully to identify weak areas and improve understanding.

2. Exam-Day Strategies for Success

2.1 Time Management During the Exam

  • The CIPM Level I exam consists of 100 multiple-choice questions (3-hour duration).

  • The CIPM Level II exam consists of 80 item-set questions (case-study format, 3-hour duration).

  • Allocate time efficiently—don’t spend too long on a single question.

  • If unsure about an answer, flag it and move on, then revisit later.

2.2 Master Exam Question Formats

  • Level I: Multiple-choice questions, focusing on fundamental concepts in performance measurement and risk evaluation.

  • Level II: Item-set (case-based) questions, requiring application of performance analysis, risk attribution, and reporting knowledge.

  • Ensure you understand how each exam level tests your knowledge and adapt your study approach accordingly.

2.3 Stay Calm & Maintain Focus

  • Get a good night’s sleep before the exam—avoid last-minute cramming.

  • Read questions carefully, as some may have tricky wording.

  • Practice interpreting performance reports, attribution results, and risk-adjusted returns to improve real-world application skills.

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