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Certified Investment Management Analyst (CIMA) Certification Program

Certified Investment Management Analyst ® (CIMA®) is an advanced professional certification for financial advisors and investment consultants. The certification program requires professionals to learn and apply the sophisticated technical investment knowledge necessary to meet real-world needs of individual and institutional investors.

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The Value & Benefits

$380K
Average Earnings
$297M
Average AUM
75%
Client Wallet Share

CIMA certification stands out among other financial certifications for its effective emphasis on the combination of theory and practical application. 
In the most recentValue of CIMA® Certification research study, CIMA certified advisors reported increased confidence, competence, and compensation compared to other financial advisors. From the latest Future of Investment Advice research study, revisions will be made to the CIMA Certification Program.

Value Benefits

How It works

CIMA Certification Process

1​ Submit the certification program application and pass a comprehensive
background check

Submission of an application will result in a background check conducted by Investments & Wealth Institute staff. Within ten business days, prospective candidates will be notified of official acceptance into the program.

Application Fee:

  • Members: US$600—includes application fee, background check, initial attempt at the Qualification Exam, and initial attempt at the Certification Exam

  • Nonmembers: US$995—includes one year of Institute membership, application fee, background check, initial attempt at the Qualification Exam, and initial attempt at the Certification Exam

2​ Pass a 60-question Qualification Exam at an approved testing center

The Qualification Exam is a 2 hour, computer-based examination administered at local Pearson VUE testing centers.

A number of independent providers offer online and in-person study resources to help candidates prepare for the Qualification Exam. In addition, the Institute offers the Candidate Resource Center (CRC), a complimentary online platform that provides topic overview readings and section quizzes.

Time Commitment:
To successfully prepare for the Qualification Examination, the recommended study time during the approximate two-month self-study timeframe is 10-15 hours per week. Successful candidates report studying a total of 100 hours during the self-study timeframe.

3​ Complete an executive education program through one of the Institute’s registered education providers

Candidates who pass the Qualification Examination receive notification from Investments & Wealth Institute about eligibility to enroll in an education program offered by one of the approved Registered Education Providers listed below.

  • The University of Chicago Booth School of Business
  • The Wharton School, University of Pennsylvania 
  • Yale School of Management
  • Investment Management Research Centre of University of Technology Sydney
4​ Pass a 110-question comprehensive Certification Exam at an approved testing center

The Certification Exam is a 4 hour, computer-based examination administered at local Pearson VUE testing centers.

A number of independent providers offer online and in-person study resources to help candidates prepare for the Certification Exam. In addition, the Institute offers the Candidate Resource Center (CRC), a complimentary online platform that provides topic overview readings and section quizzes.

Time Commitment:
To successfully prepare for the Certification Examination, the recommended study time during the self-study timeframe is 10-15 hours per week. Successful candidates report studying a total of 150 hours during the self-study timeframe.

5​ Pass a second background check, sign compliance disclosure, complete license agreement, and pay initial certification fee

Once Investments & Wealth Institute receives the exam results from the testing center, candidates will receive an email to complete three final steps.

  • Document a minimum of three years’ work experience in financial services and pass a second background check.
  • Sign an agreement to adhere to the Investments & Wealth Institute’s Code of Professional Responsibility and the appropriate use of the certification marks.

  • Pay an initial certification fee.

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More CIMA Information

Why CIMA?

Hear from your peers how the CIMA certification has impacted their careers and compare how the CIMA certification stacks up against the CPWA and other well-respected industry designations.

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