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If you are taking the 1st level of the CIPM right after L3, I would say you need 0 hrs of study time. Back when I took L3 in 2009, someone I work with was taking the 1st CIPM exam.

We spoke about the curriculum quite a bit and it was very clear that I knew the material much better than they did and the entire L1 CIPM was covered in the 2 SS presented in L3.

What is the incentive to take the CIPM??

I think it would be useful if you plan to spend a significant portion of your career in performance measurement (i.e. more than 5 years), but I don't really see any other application.

I am currently a Performance Analyst (taking new job in 1 month), but I decided not to take the CIPM because I didn't what to risk getting labeled as "a performance guy". I certainly have the knowledge about performance that the CIPM would have given me (w/o the letters) but feel like the CIPM might have actually cheapened the value of the CFA after my name.

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