198+ Free CIMA Practice Questions
Pass your Certified Investment Management Analyst (CIMA) exam on the first try — instant access, no signup required.
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Key Facts: CIMA Exam
120 Qs
Questions Delivered
110 scored + 10 pretest
4 hrs
Exam Time
IWI
76%
Recent First-Time Pass Rate
Jul-Sep 2025
150 hrs
Recommended Prep
IWI exam page
3 yrs
Verified Experience
Required by certification
20
Knowledge Sections
Current CIMA blueprint
The current CIMA exam delivers 120 multiple-choice questions in 4 hours, including 110 scored questions and 10 unscored pretest items. Investments & Wealth Institute reports a 76% first-time pass rate for the July 1-September 30, 2025 quarter and a 63% first-time pass rate over October 1, 2023-September 30, 2025. Expect roughly 150 hours of preparation, a 2026 tuition reference of $6,295 with participating providers, and a separate $395 initial certification fee after you pass and complete final certification steps.
About the CIMA Exam
The CIMA certification is an advanced investment consulting credential for financial advisors and investment consultants who build, evaluate, and monitor portfolios for affluent and institutional clients. The current exam blueprint emphasizes portfolio construction, investment selection, behavioral finance, performance evaluation, and the consulting process used to align portfolios with client objectives.
Questions
120 scored questions
Time Limit
4 hours
Passing Score
Pass/fail (scaled; exact cut score not published)
Exam Fee
$6,295 tuition + $395 initial certification fee (Investments & Wealth Institute)
CIMA Exam Content Outline
Fundamentals of Portfolio Construction and Management
Statistics and methods, applied finance and economics, and global capital markets history and valuation.
Investments
Investment vehicles, equity, fixed income, alternative investments, derivatives, and real assets.
Behavioral Finance, Portfolio Theory, and Portfolio Construction
Portfolio theory, asset pricing models, behavioral finance, investment styles, and portfolio construction methods.
Performance and Risk Measurement
Risk concepts, risk measures, performance measurement, and attribution analysis.
Portfolio Implementation and Consulting Process
Code of Professional Responsibility, client discovery, IPS work, implementation approaches, manager due diligence, and portfolio review.
How to Pass the CIMA Exam
What You Need to Know
- Passing score: Pass/fail (scaled; exact cut score not published)
- Exam length: 120 questions
- Time limit: 4 hours
- Exam fee: $6,295 tuition + $395 initial certification fee
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
CIMA Study Tips from Top Performers
Frequently Asked Questions
How many questions are on the CIMA exam?
The current CIMA exam delivers 120 multiple-choice questions in 4 hours. Of those, 110 questions are scored and 10 are unscored pretest items used for future exam development. Candidates take the exam either at Pearson VUE test centers or online through Meazure Learning.
What is the CIMA passing score?
Investments & Wealth Institute does not publish a fixed passing percentage for the current CIMA exam. Instead, the cut score is set through a Modified Angoff standard-setting process and candidates receive pass/fail results on a scaled basis. In practice, you should prepare well above a simple breakeven percentage because question difficulty is equated across forms.
What are the current CIMA topic weights?
Under the blueprint effective August 1, 2024, the exam weights are 12% Fundamentals, 27% Investments, 31% Behavioral Finance / Portfolio Theory / Portfolio Construction, 17% Performance and Risk Measurement, and 13% Portfolio Implementation and Consulting Process. That means portfolio construction, investment selection, and applied advisory judgment carry most of the exam.
How much does CIMA certification cost in 2026?
The official Investments & Wealth Foundation scholarships page lists 2026 CIMA tuition at $6,295 for Yale School of Management and University of Chicago Booth School of Business cohorts. After passing, candidates also pay a $395 initial certification fee, and additional retakes are listed at $225 for members or $325 for nonmembers depending on the page and status context.
What experience is required for CIMA certification?
To earn the credential, candidates must document at least three years of verified experience in financial services or a related industry by the time certification is completed. They must also pass background checks, complete an approved executive education program, pass the certification exam, and agree to the Institute's Code of Professional Responsibility.
What changed recently in the CIMA program?
The major recent content revision took effect on August 1, 2024 after the Institute's latest job task analysis. The update increased emphasis on alternative investments, portfolio construction, and a new investment implementation approaches section, while reducing risk-calculation and performance-attribution weightings. As of March 11, 2026, no newer official exam-blueprint revision appears on the Institute's public CIMA pages.