Free CIMA Exam Prep
Certified Investment Management Analyst (CIMA) Certification
Prepare for the CIMA exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
Quick Facts
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CIMA Investments & Wealth Institute (CIMA, CPWA, RMA) License: Complete Roadmap
Follow this path to organize your licensing and exam preparation
Phase 1: Core Quant and Market FoundationsYou are here
Build statistics, time-value, macro, and global capital-market fluency first.
Phase 2: Investment Toolkit Mastery
Cover vehicles, equities, fixed income, alternatives, derivatives, and real assets.
Phase 3: Portfolio Design and Behavioral Application
Focus on the largest weighted domain: portfolio theory, biases, styles, and construction.
Phase 4: Risk, Attribution, and Consulting Process
Finish with performance analysis, IPS work, implementation, manager due diligence, and review scenarios.
Can You Take the CIMA Exam?
Check if you meet the basic eligibility requirements
- •Pass the 4-hour certification exam
- •Agree to the Investments & Wealth Institute Code of Professional Responsibility
- •Pay the initial certification fee after passing and completing final certification steps
- •Sit for the exam within the required post-education window set by the program
CIMA Quick Facts
Time to Get Licensed
3-6 months for most candidates
From start to license in hand
Retake Policy
After an unsuccessful attempt, candidates must wait 30 days before retesting. There is no published limit on total retakes, but additional retakes and some reschedules incur fees.
Total Cost Breakdown
Free CIMA Prep Tools
Reported exam pass rate: Most recent first-time pass rate published by IWI: 76% for July 1-September 30, 2025. Past 2-year first-time pass rate published on the exam page: 63% for October 1, 2023-September 30, 2025.. Check the exam sponsor for the latest official figure.
200 Practice Questions
Coverage aligned to the current five-domain CIMA blueprint.
AI-Powered Learning
Advisory-style explanations target portfolio construction and manager-selection gaps.
2026 Updated
Built against the post-August 1, 2024 blueprint with current 2026 tuition and policy references.
Free Access
Start with free CIMA-style questions before buying paid prep.
What You'll Study
22 chapters covering the exam topics in this guide
Chapter 1: Statistical Methods & Quantitative Foundations
4 sections
Chapter 2: Applied Economics: Theory, Policy & the Business Cycle
2 sections
Chapter 3: Global Economy, Trade & Currency Dynamics
4 sections
Chapter 4: Global Capital Markets History & Valuation
2 sections
Chapter 5: Investment Vehicles & Managed Structures
3 sections
Chapter 6: Equity Analysis & Valuation
2 sections
Chapter 7: Equity Indices, Factor Strategies & Global Equity Allocation
4 sections
Chapter 8: Fixed Income Fundamentals, Yield & Term Structure
2 sections
Chapter 9: Fixed Income Risk, Duration & Structured Products
3 sections
Chapter 10: Alternative Investments: Hedge Funds, Private Markets & Investor Eligibility
4 sections
Chapter 11: Derivatives & Risk Management Strategies
4 sections
Chapter 12: Real Assets, Commodities & Digital Assets
3 sections
Chapter 13: Portfolio Theory & Asset Pricing Models
4 sections
Chapter 14: Behavioral Finance & Decision Architecture
2 sections
Chapter 15: Investment Philosophies, Styles & Allocation Strategies
4 sections
Chapter 16: Portfolio Construction Methodologies & LDI
2 sections
Chapter 17: Risk Measurement & Downside Analytics
3 sections
Chapter 18: Performance Measurement, Attribution & GIPS Standards
3 sections
Chapter 19: Professional Ethics & the IWI Code of Professional Responsibility
2 sections
Chapter 20: Fiduciary Duties & Regulatory Frameworks
2 sections
Chapter 21: Client Discovery, Constraints & IPS Development
2 sections
Chapter 22: Implementation, Manager Due Diligence & Portfolio Governance
3 sections
CIMA Exam Details
Certified Investment Management Analyst (CIMA) Certification
Administered by Investments & Wealth Institute
Exam Content Breakdown
Based on the official Investments & Wealth Institute content outline
Statistics, methods, applied economics, and global capital-market context used in portfolio decision-making.
Investment vehicles, equities, fixed income, alternatives, derivatives, and real assets.
Behavioral biases, asset-pricing theory, investment styles, and construction methods.
Risk concepts, risk statistics, performance analysis, and attribution.
Ethics, client discovery, IPS work, implementation choices, manager selection, and review cycles.
What's Included
22 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
Quality Exam Prep Shouldn't Cost Hundreds
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What's Next After the CIMA?
After passing the CIMA, you can pursue these career paths
CIMA Exam FAQ
Official Investments & Wealth Institute Resources
Verify information with these official sources
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