Effective January 1, 2026, the proficiency rules applicable to Investment Dealer Approved Persons with CIRO have changed. This course is no longer acceptable for the purposes of CIRO approval with an Investment Dealer. There may be circumstances where this course may be accepted for purposes of the CIM® designation. For more information, visit the CIRO Proficiency website.
Hours of study: 70 – 95 Hours
Enrolment Period: 1 Year
What is the PMT® exam weighting?
| Exam Topics | Weightings |
|---|---|
| Regulation and Ethics | 10% |
| The Institutional Portfolio Management Process | 8% |
| Portfolio Management Organization and Operations | 16% |
| Managing Equity Portfolios | 16% |
| Managing Fixed Income Portfolios | 19% |
| Permitted Use of Derivatives in Mutual Funds | 5% |
| Creating New Portfolio Management Mandates | 10% |
| Alternative Investment Management | 11% |
| Client Portfolio Reporting and Performance Attribution | 5% |
What is the PMT® exam structure?
| Structure | Information |
|---|---|
| Exams | 1 |
| Exam Format | Proctored (remote or in-person at a test centre) |
| Exam Duration | 3 hours |
| Question Format | Multiple Choice |
| Questions Per Exam | 100 |
| Attempts Allowed Per Exam | 3 |
| Passing Grade | 60% |
| Assignments | None |
What Continuing Education (CE) credits will you earn?
| Accreditation | Credits |
|---|---|
| CSF General Subjects | 5 |
| CSF Mutual Funds | 10 |
| CSF Compliance | 5 |
| FSRA Life Insurance | 22.5 |
| ICS Life Insurance | 5 |
| ICM Life Insurance | 3 |
| AIC Life Insurance | 22.5 |
| ICBC Life Insurance | 22.5 |
| DFSA Professional Development | 20 |
| CIRO-MF Professional Development | 15 |
| MTI | 30 |
| CIWM Professional development | 20 |
| CIRO-MF Business Conduct - Other | 5 |
| CFP General CE | 10 |
| QAFP General CE | 20 |
View CE credits for all CSI courses and all associations.
While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the chart may be subject to change.