The CFA UK Level 4 Certificate in Investment Management (IMC) transforms your career and turns your potential into progression – and it’s open to everyone. Developed, delivered and awarded by CFA UK, we combine essential investment knowledge and theory with practical, day-to-day application.
The IMC tests your knowledge – and takes it further. The syllabus is designed by the IMC panel and investment practitioners, for investment practitioners. Recognised by firms as a stamp of excellence, the IMC has created opportunities and transformed careers for thirty years - and counting. So, will yours be next?
To take the next step in your career! The IMC is built to be the best way to grow your knowledge, progress within your current firm, or to start your investment career. You’ll learn the fundamentals of investing, developing a foundation of skills that you’ll carry with you throughout your career.
If you already work in a firm, you can study the IMC while working full-time. That way, you can apply what you learn directly to your day-to-day role. If you want to move your career forward, the IMC provides the perfect platform to turn your potential into progress.
See what you can learn. See what you can achieve. Check out the two units that make up your IMC syllabus.
The syllabus cycle runs from 1 December to the 30 November. Each syllabus version has a corresponding Official Training Manual (OTM) version. Candidates should ensure that they are studying from the correct syllabus and OTM version. Please see Study Options for further information.
Official Training Manual Cost Unit 1 – Edition 21 - £121 plus postage
IMC Unit 1 Exam Fee - £320.00
Number of questions - 85
Time allowed for exam - 1 hour and 40 minutes
Learning hours - 100 hours
Pass mark - Between 65% and 75%
Pass rate - Between 65% and 80%
Official Training Manual Cost Unit 2 – Edition 21 - £126 plus postage
IMC Unit 2 Exam Fee - £340
Number of questions - 105
Time allowed for exam - 2 hour and 20 minutes
Learning hours - 140 hours
Pass mark - Between 60% and 70%
Ready to test your knowledge? Take a look at the IMC test specification to discover everything you'll need to know about our exams.
Want to know more about the IMC? Explore all the essential information you’ll need to take the exams and transform your career.
The Official Training Manual provides dedicated coverage of the syllabus and learning outcomes with worked examples, key facts and self-assessment questions.
A number of training providers offer tuition and study support on the IMC and are known to CFA UK. These are listed below.
Please note that CFA UK does not currently operate a formal endorsement process.
179-191 Borough High Street, London, SE1 1HR
Telephone: +44 (0)20 7920 3060
Address: BPP House, Aldine Place, 142- 144 Uxbridge Road, London, W12 8AW
Phone number: +44 (0) 3300 603 100
2, The Corn Exchange, 55 Mark Ln, London EC3R 7NE
Telephone: +44 (0)20 7496 8600
46 New Broad Street, London EC2M 1JH
+44 (0)20 7776 7500
Got a question? Get some answers by searching through our list of FAQs. If you're still unsure, please email firstname.lastname@example.org.
Candidates are not required to sit both units of the IMC under the same syllabus. Once both exams have been completed, candidates will be awarded the full Level 4 IMC qualification.
Tax tables are updated on a yearly basis to run concurrently with the current IMC syllabus valid for examinations. The tax tables for IMC examinations run from 1st December to 30th November annually.
CFA UK recommends 100 hours of study for IMC unit 1, and 140 hours of study for IMC unit 2.
Formulas are not provided in IMC examinations, and it is the responsibility of the candidate to memorise this information.
IMC Examination sittings are available every working day through Pearson VUE test centres, and 24 hours a day, every day, through the Pearson VUE online examination platform, OnVUE.
The syllabus currently applicable for IMC examinations is syllabus version 21.
The IMC syllabus runs yearly for examinations from 1st December to 30th November.
Incoming syllabus versions become available for purchase from October each year. CFA UK will contact all candidates with an open registration to advise them of the incoming syllabus.
For more information, please see the Your IMC Syllabus area on the main IMC page.
The IMC examinations contain a variety of question types such as multiple choice and item sets.
See what you can achieve with the IMC – register today and take your career to the next level.