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Learn About the CIMA® Exam

Learn About the CIMA® Exam

CIMA Exam Prep from Kaplan Financial Education

Steps to CIMA® Certification

Much like other advanced financial certifications, candidates for CIMA® certification must complete a rigorous preparation and exam process. Recently announced by the Institute, this process will contain 4 steps:

  1. Submit an application and pass a background check
  2. Successfully complete approved education program
  3. Pass a Certification Exam
  4. Meet work experience and ethics requirements

Investments and Wealth Institute™ combine their application and exam fees into one enrollment fee:

  • $600 for Institute members (includes application fee and Certification Exam fee)
  • $995 for non-Institute members (includes membership, application fee, and Certification Exam fee)
  • $1,095 for non-members (includes application fee and Certification Exam fee)

All fees include one attempt to pass the Certification Exam. Retake fees apply:

  • Certification Exam: $225 for Institute members; $325 for non-members

Registered education programs are offered at select, top-20 business schools:

  • University of Chicago Booth School of Business
  • The Wharton School at University of Pennsylvania
  • Investment Management Research Centre of University of Technology in Sydney
  • Yale School of Management

Once your education program is complete, you can sit for the Certification Exam. Due to the new exam process, candidates who have already began the CIMA certification process have a different path and recommendations. 

CIMA Certification Exam for Current Candidates (current exam process)

  • Sit for the Certification Exam in February or May at an AMP testing center
  • Exam covers 6 major domains
  • 150 hours of study time is recommended
  • Exam consists of 100 questions, and 10 unscored, pretest questions
  • Exams are scored with a pass/fail method: candidates pass due to their knowledge and skill, not on the performance of other candidates

CIMA Certification Exam for Future Candidates (new exam process)

  • Exam will be administered in a 5-hour testing window at Pearson VUE testing centers 
  • Exam covers 5 major domains and expanded topic areas
  • 150 hours of study time is recommended
  • Exam consists of 125 tested questions, plus unscored, pretest questions, for a total of 140 questions

Candidates who are accepted into the CIMA Certification program after March 1, 2018 should follow the new exam process.

Kaplan's Certification Exam Prep Package is designed to fulfill your exam prep needs no matter what exam process or stage you are in!

View Kaplan’s Certification Exam Prep Package »

Work Experience & Completing the Certification Process

Upon passing the Certification Exam, candidates are required to: 

  • Document a minimum of 3 years work experience
  • Pass a second background check
  • Pay initial certification fee
  • Sign a license agreement. 

CIMA® certificants must complete 3 renewal requirements every 2 years:

  • 40 hours of continuing education (CE) credit, including 2 hours of ethics
  • Pay a certification renewal fee
  • Complete a compliance disclosure and continue to adhere to the Institute's guidelines

Candidates who are currently preparing for the Qualification Exam are still able to schedule and sit for the Qualification Exam by May 31, 2018, following the current 5-step process.