CIPM

[Marc85]

Hi David and everyone who read this post,

I would like to know your opinion about the CIPM and the mandatory continuing education program.

I would like to know how do you qualify the degree of difficulty of this certificate considering that I'm a FRM certified and that I'm working in performance calculation since 2 years. I see on the cfainstitute website that the average study hours is around 120 for each exam. Do you think it's a good proxy or this measure is more applicable for the cfa holders that decided to take the cipm ?

Thank you !

 

[ShaktiRathore]

Hi,
I think Cipm is a less cumbrsome in terms of variety of topics u need to study as compared to exams as frm or cfa. Cipm is too specific a exam focussing on investment performance and nothing else. So there is less course burden and text to study. You already have exp. In this field so u should be the ideal candidate for this exam and acc. To me u shud not find it difficult its less difficult technically than frm. Seeing the course lenth,variety and technicality i think these exam hours are ideal. For someone accusyomef with nos. These are more than enough. These is piece of advice from my side just go for it.
Thanks

 

[Aenny]

Do you also need a special amount of topic related full-time work-expirience on the CIPM - Programm?

 

[ShaktiRathore]

Hi,
No you can give the exam without work ex also. Once u pass the exam u need to fulfill work ex requirement.its like cfa. For more abt exam visit http://www.investopedia.com/article...e-investment-performance-measurement-cipm.asp
Thanks

 

[David Harper CFA FRM]

@Marc85 To be honest, I have not been maintaining my CIPM continuing education (although I have maintained the voluntary CFA CE). I have tasked myself to review whether I can use the designation any longer, maybe I cannot .... with respect to the CIPM, I did not have specific performance measurement experience, and I did spend at least 100 hours studying for each level. I would estimate I spent 150 hours per level. The content was harder than I expected; e.g., attribution. And I have a deep respect for the syllabus: the CIPM materials, in hardcopy, remain near my desk because I often refer to the calculation-type readings as unique resources. For example, when I had a specific doubt about Sortino, the CIPM reading on downside risk is my only resource that specifically addressed several nuances with a spreadsheet example. I love that!

However, I am not qualified to opine on it's market value: it must be still be a narrow niche. I don't talk to anybody who talks about it. And I notice that, strangely to me, after all these years it still hasn't attracted any new exam prep providers (EPPs). What does that mean? I love the syllabus, but the CIPM is mysterious to me, I'd love to see a blog post by somebody in the PM industry who can convey the real scoop (why is that? in almost any exam, there are many blogs about the exam, is my google broken?). Thanks,

 

[David Harper CFA FRM]

@Nicole Manley totally at your convenience (low priority), since we do get questions about CIPM, can I ask for your help locating any real-life CIPM blogs/social media sources? I did a quick search on CIPM blog and found only:

• http://cipmcertification.blogspot.com/2013/07/cipm-certification-worth-effort.html
• http://cipmexamtipsandtricks.blogspot.com/ (?)

 

[Marc85]

Thank you David for your reply.
I decided to enroll in the CIPM because I'm curious to see the curriculum. Like you mentioned I'm not sure of the market value of this certification but the fact that is dispensed by the cfa institute might be valuable.

Maybe my google is broken too, my quick search result with this additional link : http://spauldinggrp.com/category/cipm-exam-tips-tricks/

If Bionic Turtle is interest in becoming a EPPs of this certification I would be interest in the material. It's always interesting to have access to a good bank of questions/answers to prepare for the exam.

 

[David Harper CFA FRM]

Hi @Marc85 (sorry for delay, back from vaco ...) Thanks for the link! I totally forgot about The Spaulding Group, I had spoken with them years ago. I think they might be the leading CIPM prep provider (?). I'm adding that blog to my reader

Re: If Bionic Turtle is interest in becoming a EPPs of this certification I would be interest in the material.
Thank you so much for the thought, but candidly, that will never happen. I've been frankly unsuccessful in adding exams organically. Even if I were to add an exam, it wouldn't be CIPM. We are often asked to add PRM or ERP but they don't really have the markets to justify, at least from my evaluation and approach. Thanks!

 

[Nicole Seaman]

Here are a few that I have found so far, but I will continue to look

1. CIPM http://www.cfainstitute.org/programs/cipm/Pages/index.aspx
2. CIPM: http://cipmexamtipsandtricks.blogspot.com/
3. CIPM: http://cipmcertification.blogspot.com/

 

[Marc85]

Hi,

I also found this exam prep provider : http://cairnipc.com/cipm-resources/