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Official Training Manual

IMC overview Register for IMC exam

Official Training Manual (OTM) Overview 


The Official Training Manual (OTM), published by CFA UK, contains essential reading for those seeking success in the IMC exam and provides comprehensive coverage of the syllabus.

Please note: The syllabus cycle runs from 1 December to the 30 November. Each syllabus version has a corresponding OTM version. Candidates should ensure that they are studying from the correct syllabus and OTM version 

Candidates planning to sit their examination on or after 1 December 2021 are advised to purchase OTM edition 19, which will be available for purchase in mid-October 2021. Please email if you have any queries about which OTM edition to purchase.

OTM upgrade: Annually, between December and January, all candidates who purchased the previous OTM version AND who have an open registration, are able to purchase the new edition OTM at a reduced fee. Eligible candidates are emailed in December with details on the OTM upgrade price and how to access this offer.
Further information: 

  • Recommended hours of study:
          o Unit 1 Investment Environment – 100 hours
          o Unit 2 Investment Practice – 120 hours
  • CFA UK is not a Training Provider
  • BPP, Kaplan and Quartic are training providers who use the OTM within their training packages
  • Approximately 40% of candidates now use the CFA UK Official Training Manual
  • Approximately 20% to 30% of candidates are self-study candidates (who use the OTM and no separate training provision) 

The OTM includes:

  • Comprehensive coverage of the syllabus
  • Worked examples and calculations
  • Self-assessment questions
  • One mock examination
IMC OTM v18 unit 1 IMC OTM Unit 2 IMC Unit 1 and 2

 Edition 18 Unit 1 


 Edition 18 Unit 2 

£ 110.00

 Edition 18 Unit 1 and 2

Save £20.00


View sample of the Official Training Manual edition 18



Orders will be dispatched within 3 working days from payment received
once dispatched estimate delivery times:

  • Recorded UK mainland - 3 to 5 working days
  • Europe  - 5 to 10 working days
  • Rest of the world - 5 to 10 working days

Training providers 

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 not currently operate a formal endorsement process.