BLOOMINGTON, MN, September 26, 2019 – Pearson VUE, the global leader in computer-based testing, and CFA Institute, the global association of investment professionals have mutually agreed to conclude their long-standing relationship for delivery of the Certificate in Investment Performance Measurement (CIPM®) exam. Professionals who earn the CIPM credential demonstrate mastery of skills needed for evaluating financial performance and risk, finding actionable insights from investment decisions, evaluating fund selection, and communicating performance effectively.
Working in tight alignment, Pearson VUE and CFA Institute have successfully delivered the CIPM computer-based exam around the world for the past 13 years. The mutual decision to end the long-standing program delivery comes with Pearson VUE’s unwavering support of any transition, and specifically the efforts of CFA Institute to transition computerized exam delivery across its entire portfolio of certifications.
“We thoroughly appreciate our partnership with Pearson VUE. They’ve been a trusted partner for many years, through which we’ve built valuable practices for our operations and candidate experiences – and many of those will now set the standard for our future exam delivery practices,” said Stephen Horan, Managing Director, Credentialing at CFA Institute.
“Pearson VUE’s industry leadership in technology, and security along with their steadfast commitment to customer service has served us well through the years. And they continue to demonstrate those virtues now as we begin another transition,” Horan said. “We’re grateful for their flexibility and continued commitment to deliver the highest levels of service and value.”
Bob Whelan, CEO of Pearson VUE said, “While it’s unfortunate that we will part ways after many years of successfully delivering the CIPM exam, we always put our client’s needs first and recognize that program transitions can be challenging. CFA Institute will always have our support as they work to continue making forward progress. We pride ourselves in being principled as customer-first partners, and just as we always do, Pearson VUE will continue to support CFA Institute through this transition and beyond. Each organization has the utmost respect for the other and wishes each other continued success in the years to come.”
About Pearson VUE
Pearson VUE has been a pioneer in the computer-based testing industry for decades, delivering more than 15 million certification and licensure exams annually in every industry from academia and admissions to IT and healthcare. We are the global leaders in developing and delivering high-stakes exams via the world's most comprehensive network of nearly 20,000 highly secure test centers in 180 countries. Our leadership in the assessment industry is a result of our collaborative partnerships with a broad range of clients, from leading technology firms to government and regulatory agencies.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 167,000 CFA® charterholders worldwide in 164 markets. CFA Institute has nine offices worldwide and there are 156 local member societies. For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.