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CIMA® Certification Process Changing in June 2018

close up of person sitting to take the CIMA exam

Posted By: Kaplan Financial Education
Published: April 12, 2018

Investments & Wealth Institute™ has announced changes to the Certified Investment Management Analyst® (CIMA®) Certification Program process will go into effect in June 2018. There are three major changes for which you need to be aware.

CIMA® Certification Process Changes Effective June 1, 2018

  • Content organization: The CIMA Core Body of Knowledge (CBOK) will now address 469 topics organized into 22 sections and 5 knowledge domains, rather than 6. The new knowledge domains are detailed below.
  • Exam change: The process of earning CIMA certification will be reduced from five steps to four. The Qualification and Certification exams will be combined into a single comprehensive CIMA Certification Exam. 
  • Education curriculum: Beginning June 1, 2018, all registered education providers will teach the revised body of knowledge. As of August 1, 2018, the revised comprehensive CIMA Certification Exam will replace the existing exams at established Pearson VUE testing centers. 

The changes are the result of a joint study by the Institute, conducted in partnership with Human Resources Research Organization (HumRRO)™ and a series of qualitative focus groups, to determine which advanced competencies were most applicable to delivering high quality investment advice. As a result of the study, the current CBOK will change, effective June 1, 2018, when registered education providers begin teaching the new curriculum. 

CIMA® Certification Program New Knowledge Domains

The new knowledge domains and exam weights covered in the CIMA® certification CBOK, effective June 1, 2018, are:

  • Fundamentals: Statistics and Methods, Applied Finance and Economics, Global Capital Markets (15% of the exam)
  • Investments: Vehicles, Equity, Fixed Income, Alternative Investments, Options/Futures, Real Assets (20% of the exam)
  • Portfolio Theory and Behavioral Finance: Portfolio Theories and Models, Behavioral Finance, Investment Philosophies and Styles, Tools and Strategies (20% of the exam)
  • Risk and Return: Attributes of Risk, Risk Measurements, Performance Measurement and Attribution (20% of the exam)
  • Portfolio Construction and Consulting Process: Ethics, Client Discovery, Investment Policy, Portfolio Construction, Manager Search and Selection, Portfolio Review and Revisions (25% of the exam)

CIMA® Exam Changes Timeline

So how do these changes affect candidates for CIMA certification? We’ve broken down the key dates below, and what they mean for candidates as they prepare for the CIMA Certification Exam:

  • After March 31, 2018: Testing centers are no longer offering the Qualification Exam. Candidates who have already passed the Qualification Exam are encouraged to study and sit for the Certification Exam by June 30, 2018. 
  • Starting June 1, 2018: All registered education providers will begin teaching the revised CIMA® Core Body of Knowledge. Candidates entering the CIMA certification process after March 1, 2018, are encouraged to complete the new process.
  • Starting August 1, 2018: Certification exams will test the revised CIMA® Core Body of Knolwedge. 

Regardless of when you plan to begin the CIMA certification process, Kaplan Financial Education provides the CIMA exam prep and review package you need to ensure your success.