Investment Management

CISI Level 4 Certificate in Investment Management

Why study Investment Management?

The Certificate in Investment Management is a level 4 qualification designed to provide candidates with a rigorous level of understanding of the key areas of investment management. It requires candidates to demonstrate their knowledge and understanding in a range of analytical scenarios.

Key features:

  • Suitable for a wide range of staff involved in managing investments; no previous qualifications are required
  • Senior professionals are closely involved in the development of the programme ensuring the exams are work related
  • Recognised by the FCA – the Certificate in Investment Management features on the Financial Conduct Authority’s Appropriate Qualification tables (regulated activities 14 and 10)
  • Receive one year's free Student membership of the CISI
  • Earn CPD hours upon successful completion of the qualification
  • Access to Associate membership and ACSI designatory letters
  • Exams available online via remote invigilation or at one of our global test centres

Qualification factsheet

Qualification Structure

The Certificate in Investment Management consists of two units, select a unit to view more information:

Total Qualification Time:
284 hours

The total qualification time (TQT) for this qualification is 284 hours. TQT is an estimate of the number of hours that a typical candidate might reasonably spend in achieving the qualification. This will vary depending on your previous experience, and includes any formal study as well as self-study and assessment time.


Exam Details

Exam Availability

Pass Mark / Pass Rate

The current pass rate for this exam is and the pass mark is . The exam grades are as follows:

Regulated Qualifications Framework

credits on the Regulated Qualifications Framework are awarded upon successfully passing this exam

Feedback and Appeals

For further details on how to give us your feedback and / or Appeal your result, please refer to our Exam Policies.

Study support


A CISI workbook is required to be purchased when booking each unit. This is to ensure there is one standard workbook from which all exam candidates can prepare. You can also choose to purchase CISI elearning to support your exam preparation.

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Accredited Training Partners

You can choose to complete formal training for our exams with a CISI Accredited Training Partner (ATP).

Find an ATP near you

Post Qualification Opportunities


Obtaining the Certificate in Investment Management entitles candidates to join the Institute at Associate level and utilise the designatory letters, ACSI. As a member of the Institute, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator.

Higher Level Qualifications

The Diploma in Capital Markets is the final step in the CISI's capital markets study pathway and offers individuals the opportunity to gain specialist knowledge of financial markets, bond and fixed income and fund management.