CIPM Level 2 Exam Dates 2026: Registration, Fees, and Key Deadlines
- Kateryna Myrko
- 1 hour ago
- 4 min read
The CIPM Level II exam in 2026 is the final exam in the Certificate in Investment Performance Measurement program. It is offered by CFA Institute and focuses on more advanced performance evaluation, manager selection, attribution, appraisal, and investment decision-making.
For candidates planning the final level, understanding the exam dates, registration deadlines, fees, and scheduling rules is important. Missing a deadline can delay your exam attempt by several months because CIPM exams are offered only twice each year.
When Is the CIPM Level II Exam Offered in 2026?
CFA Institute states that CIPM exams are offered twice yearly, in March and September, for both levels. This means Level II candidates normally have two opportunities each year to sit for the exam.
For 2026, the March window has already passed. The main remaining 2026 opportunity is the September 2026 CIPM Level II exam window.
According to CFA Institute’s current dates and fees information, the September 2026 CIPM exam window runs from September 16 to September 30, 2026, and all deadlines are listed in Eastern Time. CFA Institute also notes that registration may close before the deadline, so early registration is recommended.
Key 2026 CIPM Level II Dates
Item | September 2026 CIPM Level II |
Exam window | September 16–30, 2026 |
Registration status | Open/available for September 2026 |
Registration deadline | Check CFA Institute account/date tool before registering |
Scheduling deadline | Published by CFA Institute for the selected window |
Deadline time | 11:59 p.m. ET |
Registration opening time | 9:00 a.m. ET |
CFA Institute states that all registration windows open at 9:00 a.m. ET and all deadlines are 11:59 p.m. ET.
Because the dates and fees page uses an interactive selector, candidates should always confirm the exact deadline inside the official CFA Institute registration page before payment.
CIPM Level II Exam Format
Before registering, candidates should understand what the Level II exam looks like.
CFA Institute states that the CIPM Level II exam has 80 questions, lasts 3 hours, and uses scenarios and multiple-choice questions. Results are available within 60 days of taking the exam.
This is different from Level I, which has 100 multiple-choice questions. Level II is more application-based and focuses on performance appraisal and manager selection in more complex investment decision-making situations.
CIPM Level II Registration Fees in 2026
CFA Institute states that CIPM Program fees displayed on its dates and fees page do not include local taxes. If CFA Institute is required to collect local VAT, GST, sales tax, or similar taxes, those amounts are added during the payment process.
The official CFA Institute store currently lists CIPM Program Level II Registration – September 2026 at USD 665.00. It also lists CIPM Program Level II Digital Curriculum and Study Tools – September 2026 at USD 110.00.
Fee Item | Current Listed Amount |
CIPM Level II Registration, September 2026 | USD 665 |
Level II Digital Curriculum and Study Tools | USD 110 |
Exam rescheduling fee | USD 25 |
Local taxes | May be added at checkout |
CFA Institute also states that a USD 25 rescheduling fee applies if candidates need to reschedule their exam appointment.
Scheduling Your Exam Appointment
Registering for the exam is not the same as scheduling your test appointment.
CFA Institute states that CIPM exams are offered at many Prometric test centers around the world. After registering, candidates schedule their own exam appointment through their CFA Institute account at a preferred test center.
This is important because test center availability can vary.
Candidates should not wait until the last minute to schedule. A late scheduler may have fewer location or time options.
CFA Institute’s admission and appointment policy also states that candidates are responsible for scheduling by the published deadline. If a candidate fails to schedule or fails to sit for the exam, exam fees are non-refundable, non-deferrable, and non-transferable.
How Much Time Should You Leave for Study?
CFA Institute states that successful CIPM candidates report studying an average of 155 hours per exam. The program uses a self-study model that can fit around a candidate’s schedule.
For Level II, candidates should use those hours carefully because the exam is more scenario-based than Level I.
The largest Level II focus areas are manager selection, performance appraisal, attribution interpretation, presentation, and ethics. Candidates should plan enough time for practice questions and scenario-based review, not just reading.
Final Thoughts CIPM Level 2 Exam Dates 2026
The CIPM Level II Exam Dates 2026 matter because candidates have limited opportunities to sit for the exam. For the remaining 2026 cycle, the key window is September 16–30, 2026.
Candidates should confirm the latest registration deadline directly through CFA Institute, register early, schedule the exam appointment as soon as possible, and budget for registration fees, possible study tools, local taxes, and the USD 25 rescheduling fee. CIPM Level 2 Exam Dates 2026
CIPM Level II is the final level, so preparation should begin early. A good plan gives enough time to study the curriculum, practice scenarios, review weak areas, and arrive at the exam ready for applied performance and manager selection questions.
Unlock your potential with our comprehensive CIPM Level 2 Exam practice exams and study packages!
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