I just passed CIPM principal exam held Oct'10. CIPM is actually a mini subset of L3. It's all about Performance Measurement (SS17) and GIPS (SS18) and some ethiscs. I am L3 repeater so materials were very familiar and pretty easy for me. For CFA, we go to test center by preparing 18 different study session where as it was only 2.25 SS. It's a warm-up exam before the real exam besides now i am master in these two SS:-). planning to take CIPM expert level in Oct'11 and hopefully by end of the '11 i will have both CFA and CIPM after my name and i can ask my employer "show me the $$$$$$..."
Asset management companies have independent teams that handle performance and attribution for their funds. CIPM are for those folks especialized in this area. I would recommend complementing the CFA charter with the FRM, which will be applicable to any job in asset management, if this is the route you are leaning towards.
CFAFRM Wrote:
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> Asset management companies have independent teams
> that handle performance and attribution for their
> funds. CIPM are for those folks especialized in
> this area. I would recommend complementing the CFA
> charter with the FRM, which will be applicable to
> any job in asset management, if this is the route
> you are leaning towards.
I was wondering how long on average people took to study for the CIPM Principles exam? I think the CFAI is saying 100 hours... but that seems a lot longer than it's taking. Also, if you've taken the exam please elaborate on the difficulty? (b/c it seems rather basic).
If you are planning to take CIPM after your L3 exam then it will take less than 100 hours as you already covered most of the materials specially GIPS and performance section... checkout CIPM study session to find out your position...