The qualification is made up of two units: Unit 1 (Investment Environment) and Unit 2 (Investment Practice). You must pass both units to be awarded the qualification.
There are no entry requirements needed to study IMC, but ideally candidates will have 5 GCSEs A* to C or Grade 4 and above. If it's been a while since you studied Maths, we recommend you take the one day Core Skills Online Course.
Unit 1 - Investment Environment
You’ll gain an understanding of the UK and international financial services industry and markets. You’ll be able to understand the UK regulatory environment, taxation in the UK, client advice, and the conduct of investment businesses. View syllabus information.
Unit 2 - Investment Practice
After completing this unit, you’ll be able to apply statistic and financial mathematical techniques, understand micro and macro economics, analyse the characteristics and risks of equities, and understand and analyse the principles of investment management. You’ll learn how to use investment tools, and how to construct and manage investment portfolios. View syllabus information.
Core Skills online
If it has been some time since you last studied maths or used it in an exam, this introductory online course (including recordings plus questions) will help you with the core skills you need to pass your exam. Topics include an introduction to quantitative methods and basic derivatives.
2. Study methods
Do you prefer face-to-face classroom tuition or studying using distance learning at a pace and time that fits around your work and home commitments? Whichever study method you choose, you'll benefit from highly experienced tutors, practical learning methods and ongoing support, right up until your exam. And if you already have the CFA UK Official Training Manual, this can be discounted from your package price.
Study methods available for this qualification
To see which IMC study option is best for you, please see our infographic.
Study method comparison table
Study at your own pace from wherever you like. Our Distance Learning study option offers maximum flexibility for independent study and comes with MyKaplan study materials, including mocks exams and practice exam questions helping you to study on the go. You also have the option to purchase the package including recorded classes.
You can read about what’s included in the Study materials section.
A traditional scheduled programme with face-to-face tutor led classes.
- Classes with your peers at set times of the day
- Includes distance learning material plus recorded classes
- Weekday or evenings available.
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Timetables - Classroom
Unit 1 takes place over 2 days from 9-5pm or 5 evenings from 6-8pm.
Unit 2 takes place over 3 days from 9-5pm or 8 evenings from 6-8pm.
All classes take place at our Moorgate training centre:
We also offer inhouse training for your staff, allowing bespoke exam courses designed specifically for your staff. Please contact us on 020 7920 3060 or email us at firstname.lastname@example.org or to find out more about how we can help train your team.
3. Exams and sittings
All exams are delivered by computer based testing (CBT) on demand and can be sat across the UK as well as overseas. You'll need to register with the CFA UK directly for exam entry.
The IMC syllabus is updated every year on 1 December. This is to ensure that the content of the IMC remains relevant to the current financial services industry landscape.
Testing is via a mixture of standard multiple-choice questions, item set questions based around short scenarios, and gap-fill questions requiring a value to be typed in an answer field. Unit 1 has 85 questions and takes 1 hour 40 mins and Unit 2 has 105 questions and takes 2 hours 20 mins.
Provisional exam results are available online within three working days.
How long does it take to pass?
Students typically take 3 - 6 months to achieve the qualification, but this depends entirely on your preferred way of learning and study method.
We recommend 80 hours of study time for Unit 1 and 120 hours for Unit 2.
Are there any exemptions available?
You may be eligible for an exemption from one or more of the exams depending on your prior qualifications.
4. Study materials and delivery costs
Whichever study option you choose, you’ll receive full online and printed study materials. The following materials are included in each course:
Full Study Guide
Emailed to you on booking, and also available on MyKaplan, the study guide pulls the hard copy and online study materials together into a recommended study approach.
CFA UK Official Training Manual
Written by CFA UK, this manual covers all the syllabus and is the official reference document for real exam questions.
Question & Answer Book
Contains printed chapter questions to test yourself and check your progress. Each question is compiled to reflect as closely as possible the standard and type of question that you will face in the real exam.
Access to MyKaplan
Our online learning portal with everything you need to prepare for your exam.
The official IMC calculator, the Casio FX-83GT.
How much it costs to deliver your study materials and how long it takes depends on where in the world you live.
UK and NI - £10.42 per unit up to a maximum of £20.83 (including VAT)
EU - £16.67 per unit up to a maximum of £33.33 (including VAT)
Rest of World - £25 per unit up to a maximum of £50 (excluding VAT)
Materials are delivered to the address you provide us, within the following timescales:
UK – 3 to 5 working days
EU – 5 to 7 working days
Rest of World - 5 to 14 working days
5. MyKaplan: Online Learning Portal
MyKaplan is an online learning portal with practical resources to help you prepare for your exams.
Study Guide - pulls the hard copy and online study materials together into a recommended study approach
Syllabus - a complete breakdown of what you’ll be studying
Online Questions and Mock Exams - compiled to reflect the standard and types of question in the actual exam
Workbook - helps you keep all your notes in one place to improve revision
Tutor Recordings (optional) - watch and replay classes whenever you like
You can access your online content for 12 months from your enrolment date.
computerMinimum system requirements for MyKaplan
6. Tutor support
We’ll support you every step of the way throughout your IMC learning experience with us. You can contact a tutor and get the help you need, with a response time of under 48 working hours. Please contact us at email@example.com.
In addition, classroom tutors will provide you with their contact details.
7. Course pricing and funding options
Units are all priced individually, so you can purchase them altogether or separately as you need them.
||Price (excl. VAT)
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|Distance Learning plus tutor recordings
Your employer may fund the costs of your studies if you’re already working in a related field and want to develop your learning. You’ll need to speak to them to see if you’re eligible and confirm that they’re happy to pay for your studies.
The IMC qualification is covered with our interest-free payment plan, providing the total cost is £500 minimum (including VAT). The plan lets you spread the cost of your studies over a period of time, with no extra costs.
You may eligible for an Apprenticeship through your employer, depending on your circumstances. Speak to your employer to find out more.
How to enrol
Enrol online, call us on 020 7920 3060 or enrol with a form which you can email to firstname.lastname@example.org.
Download enrolment form