Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

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. This process contains 5 steps:

  1. Submit an application and pass a background check
  2. Pass a Qualification Exam
  3. Successfully complete approved education program
  4. Pass a Certification Exam
  5. 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, Qualification Exam fee, and Certification Exam fee)
  • $995 for non-Institute members (includes membership, application fee, Qualification Exam fee, and Certification Exam fee)
  • $1,095 for non-members (includes application fee, Qualification Exam fee, and Certification Exam fee)

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

  • Qualification Exam: $125 for Institute members; $175 for non-members
  • Certification Exam: $225 for Institute members; $325 for non-members

Once your application is accepted, you will sit for an online-based Qualification Exam, which is offered at over 170 Applied Measurement Professionals, Inc. testing centers throughout the United States.

  • 100 hours of preparation is recommended
  • The exam is 2 hours and consists of 50 multiple-choice questions and 10 unscored, pretest questions
  • One attempt is included with the application fee
  • Candidates must pay a fee and wait 30 days to retake the exam
  • Exam is combination of recall, application, and analysis questions
  • Passing the Qualification Exam allows candidates to attend the required education program

View Kaplan's Qualification Exam Prep Package »

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, which is also offered at AMP test centers.

  • Offered during 4 test windows: February, May, August, November
  • 150 hours of study time is recommended
  • Exam consists of 100 questions, and 10 unscored, pretest questions
  • Questions are developed from job analysis
  • Exams are scored with a pass/fail method: candidates pass due to their knowledge and skill, not on the performance of other candidates

View Kaplan’s Certification Exam Prep Packages »

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