Grateful 7 speech thanking everyone that has helped.pdf
[CIPM][CFA] cipm-webinar.pdf
1. CIPM PROGRAM
21 March 2017
Thomas Porter – Head, CIPM Program, CFA Institute
Bobby Lamy, Ph.D., CFA – Head, Practice Analysis, CFA Institute
Steve Horan, Ph.D., CFA, CIPM – Managing Director, Credentialing, CFA Institute
3. 3
To lead the investment profession globally by promoting the highest standards of
ethics, education, and professional excellence for the ultimate benefit of society.
CFA Institute Mission
To advance the CFA Institute mission by promoting ethical standards
and best practices in investment portfolio evaluation.
CIPM Program Vision
4. Learn more about the CIPM program at www.cfainstitute.org/cipm
Optimize
investor results
Drive smarter, more informed
decision-making
CIPM PROGRAM
4
Ethical and Professional Standards
15% Ethics
15% Reporting Standards 70%
Performance Evaluation
10% Manager Selection
20% Appraisal
20% Attribution
20% Measurement
INVESTMENT PERFORMANCE AND RISK EVALUATION
30%
6. TOP CIPM PROGRAM CANDIDATE ROLES
6
APRIL 2016 EXAM ADMINISTRATION
25% 11% 6% 6% 6%
10% 5% 4%
Top 8 Roles Comprise 73% of CIPM Candidates
Manager of
Managers
Research Analyst
Investment Analyst
Quantitative Analyst
Performance
Analyst
Consultant
Accountant/
Auditor
Financial
Advisor/
Planner
Portfolio
Manager
Risk
Analyst/
Manager
7. GEOGRAPHIC PROFILE OF CIPM CERTIFICANTS
7
NORTH AMERICA
68%
LATIN AMERICA
1%
EUROPE
18%
AFRICA/
MIDDLE EAST
3%
ASIA PACIFIC
10%
8. Computer-Based
Testing (CBT)
Expert Exam
Principles Exam
8
• 400 local test centers in 80
countries
• Exam windows March and
September
• 100 multiple-choice questions • 20 item sets, each containing
4 multiple-choice questions
CIPM EXAMINATIONS
9. 9
Program Overview 2016-2017
CIPM®
PROGRAM
Professional/
graduate level
Pricing
(US$)
December 2016
Timeline
or
Registration
period
Early
registration
deadline
Schedule for
the exam
Sit for the
exam
Exam
results
Sept 2017
1 Apr–31 Jul
2017
31 May
2017
1 Apr–23 Sept
2017
16–30 Sept
2017
Early Nov
2017
March 2017
1 Oct 2016–
31 Jan 2017
30 Nov
2016
1 Oct 2016–
23 Mar 2017
16–31 Mar
2017
Early May
2017
enrollment
fee
$0
early
registration
$575
first-time
candidate
$975
returning
candidate
$500
or
EXAM SCHEDULE AND PRICING OVERVIEW
Professor / Regulator Scholarships available
10. Pass both the Principals and Expert
exams
CIPM ASSOCIATION
10
• Pay annual dues — CIPM Association
Regular Member: US$275
• US$50 for CFA Institute members
• Satisfy the Mandatory Continuing
Education Program
• 45 credit hours over a three-year
cycle
TO BECOME A CIPM CERTIFICANT AND USE THE CIPM
CREDENTIAL:
Become a member of the CIPM Association
Complete the professional experience review
To qualify for membership in the CIPM
Association, you must have accrued either:
• Two years of professional experience in
performance-related activities, OR
• Four years of professional experience in the
investment industry
11. CIPM PROGRAM
11
From the April 2016 Candidate Survey
https://cfainstitute.org/programs/cipm/Documents/cipm_candidate_survey.pdf
14. 14
Performance and
Risk Appraisal
Is the manager’s
performance due to
skill or luck?
Performance and
Risk Attribution
Why did the portfolio
produce the observed
performance?
Performance and
Risk Measurement
What was the
portfolio’s
performance?
Manager
Evaluation/ Search
and Selection
Evaluating performance
in order to select
managers
Ethics & Professional Standards
INVESTMENT PORTFOLIO EVALUATION
INVOLVES
17. HEAR FROM A CIPM CERTIFICANT
17
Steve Horan, Ph.D., CFA , CIPM
Managing Director, Credentialing
CFA Institute
BENEFITS OF EARNING THE CIPM
DESIGNATION
18. - Acquire technical expertise in a key area of the investment
profession
- Provide insight/guidance into the management of investment
strategies
- Become part of a global community of investment professionals
who strive for integrity and excellence
- Develop your career – stand out with expert knowledge and a global
professional network
-Gain current and on-going knowledge with continuing education
- Become a stronger member of your team
18
BENEFITS OF THE CIPM DESIGNATION
19. 19
“Lessons learned by obtaining the [CIPM]
designation helped me to better understand,
shape and improve internal processes in
performance analytics as well as in performance
and risk client reporting. It also helped me boost
my career as a subject matter expert in the area.”
Maciej Lagoda, CIPM
Performance Analyst, Credit Suisse
Switzerland
“I was delighted to be one of the first to take the
CIPM exam and support the program. The
program is the essential cornerstone to
developing performance measurement.”
Carl Bacon, CIPM
Chairman, StatPro Group
United Kingdom
“The CIPM has distinguished and defined my
career. The knowledge is not just for
performance practitioners, but for non-
practitioners as well. A non-practitioner will never
see performance the same way ever again after
completing the CIPM. From understanding the
fundamental concepts that form the foundation of
every return calculated in all the right measures,
to looking beyond the numbers and obtaining the
skill to effectively evaluate strategies and the
managers who execute them. It is my opinion
that this niche area of study is one
of the most important and impactful in the
investment industry.”
Ioannis Segounis, CFA, CIPM
Managing Director, Phocion Investment Services Inc.
Canada
WHAT WE’RE HEARING
20. Registration for the September 2017 CIPM exam
opens on 1 April 2017!
Learn more about the CIPM program at:
www.cfainstitute.org/cipm
20
QUESTIONS?
Contact:
CIPM@cfainstitute.org
