While a number of senior performance measurement professionals have taken and passed the CIPM® (Certificate in Investment Performance Measurement) exams (e.g., Carl Bacon, Sandra Hahn-Colbert, Douglas Lempereur, Annie Lo, Neil Riddles, Debi Rossi, Tim Ryan, Jed Schneider, John Simpson), there are countless more who haven't.
Most of the senior folks who took the exams didn't need to prove anything. I suspect many chose to in order to (a) show support for the program, (b) show support for the performance measurement industry, and (c) as an example to others.
I encourage others in our profession, who have nothing to prove,
to join us and take the exam
Why?
- As an example to your staff, associates, and colleagues
- To help foster and promote the program, which is an excellent one that anyone who considers themselves a performance measurement professional should support
- For our segment of the industry.
Are the exams difficult? Absolutely. You will need to review the material and study. But your success will be an achievement you’ll be proud of, and carrying the "CIPM" after your name will be a sign to others of your dedication and commitment for our profession, as well as your expertise.
Don't delay any longer; register for the October exam today!
Don't delay any longer; register for the October exam today!
Dave, given that there's a greater-than-zero risk of not passing the first time, some senior people may fear embarrassment. I'd advise discretion, but that's not completely possible at companies that reimburse the program fees. What would you say to them? Thanks, Philip
ReplyDeletePhilip, I an understand the fear of embarrassment; I was concerned, too, about possibly not passing. Not everyone passes the first time; if they did, the exam would have no value. We know a lot more about the exam today, and thus can provide advice and insights on what to expect. The fear can be a motivator, can it not (to study extra hard)?
ReplyDeleteI am sorry, but fear of failing and the resulting embarrassment does not, in my view, justify not trying.
A senior person that fears embarrassment could, if necessary, take the exams without telling anyone, including their employer, and then seek to be reimbursed once they pass. I have seen several people keep a low profile with respect to enrolling and taking the exams, and I can understand why they would take this approach.
ReplyDeleteThat being said, though, I agree with Dave, fear of not passing the exam (and any potential embarrassment) does not justify not trying. No return without taking risk, right?
Aside from there being a language barrier, I truly believe that a seasoned performance analyst that applies himself/herself can pass these tests. Granted, some don't take tests well, some may not be exposed to certain topics... more study time and practice will offset that.
Also, I believe that even if one doesn't pass, they are likely better off than they were prior to enrolling because they were likely exposed to subject matter that they hadn't seen before.
As instructor for our CIPM classes, I have had the privilege of witnessing many candidates that failed on one or more attempts, but they kept at it and eventually passed. I have tremendous respect for those individuals, and I think perhaps they may know the value of earning the designation more than others, precisely because they worked so hard to achieve it.
The cut-off for registering for the October exam was 7/31.
ReplyDeleteGregory, thanks! We posted this in June, so our readers had time then; now they'll have to wait until the spring.
ReplyDelete