CIPM® Level II Exam Preparation
Original practice questions, explained the way examiners think.
Every question comes with a 3-tab explanation: the answer at a glance, the full worked solution, and the concept behind it taught from zero — so you can study without a separate textbook. In English and Japanese.
No account required. The first 4 questions of every deck are free.
Inside a question
One question, three depths of explanation.
Answer a question and the explanation opens in three tabs. Stop at the result, or go all the way down to the underlying theory — these are actual screens from the free sample.
1Answer
The result, the formula, and the trap that produces the wrong choices — one glance.
2Worked solution
A map of the case, then every calculation step with each input traced back to the data.
3Background
The concept behind the question, taught from zero — this is why you don't need a textbook.
What you get
Built like a study system, not a question dump.
A realistic case, not standalone trivia.
Every question sits inside a case with people, portfolios, and data tables — you read, extract the right inputs, and compute. That is the exact motion the exam grades you on.
At a glance
The whole idea, on one card.
How you study
1Solve
A realistic case with data tables — the same format as the real exam.
2Check
The Answer tab: result, formula, and the trap, in one glance.
3Understand
Worked solution, then the Background tab teaches the theory from zero.
Why it's efficient
No textbook needed
Each explanation carries the concept it relies on — study the theory inside the question.
Every wrong choice diagnosed
The exact slip behind each wrong answer, so you learn from mistakes you didn't make yet.
Fully bilingual
Question text in English, as on the real exam; every explanation in English and Japanese.
$15
1 deck = 1 chapter of the Level II curriculum
One-time purchase · no subscription · keys never expire · first 4 questions free
Where this fits
Built for CIPM Level II, sold one chapter at a time.
The CIPM Program has two levels. This site covers Level II — the applied, case-based exam — and each deck maps to one chapter of its curriculum.
CIPM Level I
Foundations. Standalone multiple-choice questions.
CIPM Level II
Applied analysis. Case-based questions with data to work through.
The Level II curriculum · $15 per chapter deck
Ethical and Professional Standards
≈15% of exam
Planned
Performance Measurement
≈5–10% of exam
Available now · $15
Performance Attribution
≈15–20% of exam
In production
Performance Appraisal
≈15–20% of exam
In production
Manager Selection
≈30% of exam
In production
GIPS® Standards
≈10–15% of exam
Planned
Pricing
One purchase. Yours through exam day.
One deck covers one chapter of the curriculum. Performance Measurement (28 original questions) is available now; Attribution, Appraisal, and Manager Selection are in production. Buy once — no subscription, keys never expire.
The credential
Why CIPM?
The Certificate in Investment Performance Measurement (CIPM), administered by CFA Institute, is the specialist credential for investment performance analysis — measurement, attribution, appraisal, manager selection, and the GIPS® standards. It is the recognized qualification for performance analysts, consultants, and asset-owner due-diligence teams.
Level II is the applied exam: realistic cases that ask you to run attribution arithmetic, judge manager skill, and apply the standards to messy, real-world situations. A recent Level II exam window posted a pass rate near 52% — the calculations are where prepared and unprepared candidates separate.
Practice inventory for CIPM is scarce compared with the CFA Program. That is the gap this site exists to fill: original, exam-format question volume with explanations deep enough to study from.
About
Who makes this
Built by a finance professional preparing for CIPM Level II who found the available practice inventory too thin to train on — so built the missing question bank instead. Every item is written against the current curriculum, cross-reviewed for correctness before publication, and maintained as the curriculum changes.
Candidates
What candidates say
Reviews from early users will appear here. Tried the questions? We'd love to hear how they compare — details on the Unlock page after purchase.
FAQ
Common questions
- How does access work?
- After checkout you receive an unlock key on-screen and by email. Enter it once per device on the Unlock page — no account or password. Keys never expire; the unlock cookie lasts 180 days and can be refreshed with the same key.
- Can I use it on more than one device?
- Yes. Enter your key on each device you study from.
- I'm a Udemy student — is the site free for me?
- Yes. The Bonus Lecture of the Udemy course contains a code; apply it at checkout for 100% off and you'll receive a regular unlock key.
- I lost my key.
- Use the recovery form on the Unlock page — enter your purchase email and we'll resend your key(s).
- What about refunds?
- There's a 7-day refund window — see the full terms on the Terms & Refunds page. Because the content is delivered instantly, refunds don't apply once you've viewed or downloaded a substantial part of the deck, or shared your key.
- Are these real exam questions?
- No — and that matters. Every question is an original work written for this site. Nothing is copied from CFA Institute materials, so studying here never puts you in conflict with the Candidate Pledge.
Try it now — the first case is free.
4 questions, full 3-tab explanations, no account required.