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CIPM® exam results

Access your result
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Results timeline

Within 5-6 weeks after the close of your exam window, you will receive an email from CFA Institute notifying you that your official exam results are available. You will receive a result of "pass" or "fail" along with information on your topic level performance and an overall scale score which allows you to compare how well you performed against the Minimum Passing Score. (Candidates who pass Level II will not receive detailed results.) Use the Understanding your exam results guide to help you interpret your score report. 

Individual candidate results are released only to the candidate and are never released to a third party; however, lists of passing candidates are provided to societies for membership purposes.
Detailed CIPM exam scores and responses to exam questions are measurement information and part of a candidate's test record, both of which are owned solely by CFA Institute. This information is not given to candidates.

Pass rates

Below are the CIPM® Program Level I–II exam pass rates for each of the most recent administered exams.

CIPM pass rate: Level I Exam

  • September 2024 CIPM Level I exam pass rate: 35%

CIPM pass rate: Level II Exam

  • September 2024 CIPM Level II exam pass rate: 52%

Where theory meets practice

Where theory meets practice overviews the necessary procedures needed to support the fidelity and validity of the CIPM Program. This document presents readers with a transparent view of how exam items and forms are constructed and administered. Additionally, insights are provided on grading processes and how score results are reported.

Minimum passing score (MPS)

Minimum passing score, also known as MPS, is the score needed to pass the exam. Whenever there is significant curriculum or population change, the CFA Institute Board of Governors sets the MPS for each level after an exam administration. When there are not significant changes, the MPS is maintained from administration to administration via equating. Equating allows for the transfer of an approved MPS from standard setting and applies it to future administrations. The results allow direct comparison between administrations; treating them as though they came from the same version. The purpose of this approach is to ensure fairness to candidates across administrations as the difficulty of each test is taken into account.

How to access past exam results

Exam results are available for approximately one year after the test date. After this date, candidates may prove their status with CIPM Program by generating and downloading a verification letter from the Verification Letter section in their Account Profile. The verification letter will confirm a “pass” or “fail” exam result, but the topic area performance summary will not be available.

Are you new to the CIPM Program?

If you're just getting started, explore the CIPM exam overview.