Investment Management Certificate (IMC)

The Investment Management Certificate (IMC) opens doors in the investment industry and teaches you to be fluent in the language of finance. Widely recognised as the definitive introduction to investment management and a prerequisite for many positions, the IMC qualification is one you won't want to be without. You will learn about the financial markets, regulations, accounting, economics and financial maths - all essential if you wish for a career in financial services. Once completed, you'll be eligible to join the CFA® UK Society, use the prestigious letters 'IMC' after your name, and join the 15,000 investment professionals who currently hold the IMC qualification.

With BPP, you can choose an IMC course option to match your current knowledge and experience level. You'll benefit from expert tutor support, online classroom and classroom study learning options, aided by both online and physical study materials including downloadable online lectures. We even have a one day Introduction to Financial Maths course if you want to boost your maths skills and confidence. We are so confident that our approach will lead to success in your IMC examinations that we offer Pass Assurance* on our classroom courses, allowing you to re-attend the course for free if you fail.

See our blog for a personal perspective on how IMC can help your career.

Key details: Dates and prices | Ways to study | FAQs


Key Information

  • Excellent introduction to Financial Services Industry
  • Pass assurance* – resit course for free if you fail
  • Online lectures and question banks
  • Work towards RDR compliance requirements
  • One day Introduction to Financial Maths course
  • Full-time tutor support
  • Legal CPD accreditation
  • Online classroom and classroom study learning options
  • Threshold requirement for FCA Approved Person status
  • If you book Unit 1 and Unit 2 together you can benefit from a discount of up to 35% with our combined packages

Get ahead with the IMC

The Investment Management Certificate (IMC) is your passport to a world of exciting career opportunities within the investment management industry. Administered by CFA UK, it's an excellent introduction to investment management and a pre-requisite for many positions within the industry.

The IMC is designed for anyone seeking FCA 'Approved Person' status in the following roles:

  • Managing investments
  • Advising clients in investments and/or derivatives
  • Dealing for clients in investments and/or derivatives
  • Advising on investments in the course of corporate finance business
  • Managing investments in relation to venture capital investments
  • The activity of a broker fund adviser

The IMC is also useful if you work in a related area within the industry – such as information technology, compliance and marketing – and you want to understand the language of investments and the market.

The IMC would also be very valuable if you are leaving University or in your final year looking for something to give you an extra CV boost when looking for graduate positions. A professional qualification alongside an academic one can really make you stand out from the crowd. See our blog for more advice and to see if the IMC can help you.

Click here to see the full exam syllabus.

Moving on to other qualifications

The IMC is the perfect springboard into CFA® Level I. Many of the topics you'll cover in the IMC course are expanded on in the CFA Program. What's more, now that the new Level 4 syllabus ethics content is based on the CFA Code of Ethics, the IMC is closer to the CFA Program than ever before.

The IMC is also an excellent entry point to give you confidence to attempt other more advanced qualifications, such as the CISI Diploma or the CISI Masters in Wealth Management Programme.

Not sure which qualification is for you? Watch our presentation on demystifying the financial services qualifications.

Outstanding flexibility and study options

You can choose from classroom courses or distance learning. We also provide tailored in-house options. Please email for more information.


Watch our IMC Online Classroom Demo

The latest learning materials

Throughout your IMC course, we'll provide the most up-to-date study texts and guides. We'll give you PowerPoint course slides and tutor support either face-to-face or via phone and email. We'll also help you prepare with mock papers and practice questions, to make sure you're fully ready for your IMC exam.

Dates and prices

For dates and prices and exam information, view the following forms: 

Additional charges 

In addition to your programme fees, there may be additional charges associated with your studies, which include:

IMC - unit 1

Examination fee: £240

IMC - unit 2

Examination fee: £255

Syllabus Change 1 Dec to v14

Exams and courses from 1st December 2016 are based on syllabus v14. The syllabus changes are not significant therefore you can prepare for v14 using v13 course materials. We have provided an update on our online learning environment detailing any changes. Unit 1 is impacted slightly more due to the changes in tax figures. Please note that you can attempt the Units in either order; Unit 2 explains the products and markets so may be easier to do before learning the regulation in Unit 1.


The IMC is split into two units. Unit 1 gives you an insight into the investment environment in the UK, while Unit 2 covers the more technical elements of the IMC qualification. Delegates must pass both Units to complete the IMC. The units can be sat in either order.

IMC Programme Structure

IMC Unit 1 – Investment Environment

This unit considers the regulatory environment in the UK. The rules and principles that financial firms must follow are covered, along with the ways in which these are enforced by the FCA. European regulation and the impact of MiFID on these rules are also examined. 

Insider dealing, money laundering and other sources of investment crime are then explored, alongside rules with regards to takeovers. There is also a section on markets and the key trading platforms used within the UK. 

Taxation is covered, considering taxation of individuals and companies, taxation of investments, and tax planning. The final topic on client objectives considers what issues should be taken into account by investment advisors – and how they should go about giving advice.

IMC Unit 2 – Investment Practice

You will cover the fundamental approaches and methods used within the investment management industry. The unit gives a solid grounding in financial maths, covering statistical techniques such as calculating standard deviation and variance, as well as approaches for discounting cash flows to obtain present values. 

The basic principles of financial maths are carried over into the asset valuation section as the characteristics of bonds, equities and derivatives are covered, alongside various valuation methodologies. 

In order to understand businesses, you will cover the fundamentals of accounting along with an introduction to financial statement analysis. The use of resources within the economy is also examined with sections on both micro and macro economics.

The jigsaw is completed with a look at portfolio management and techniques for constructing portfolios, as well as methods for evaluating and measuring investment performance. Delegates must pass both units to successfully complete the IMC.

For more details on the syllabus, exemptions, and how to register for the exam, visit

Learning materials

All classroom and distance learning delegates receive the following materials and support.

Study Text

Our study texts contain all the knowledge you need for the exam in a practical and user friendly format. All sections are referenced to the syllabus and there are examples and illustrations throughout. Also available as an e-book, Preview Now.

Practice and Revision Kit

Contains questions for each chapter of the study text, and five full-length practice exams. All answers are fully explained and referenced to the study text. The questions are also available online. Contains multiple choice, item set and gap-fill question styles.


Our unique and popular Passcards provide you with an easy to carry visual summary of the syllabus.

Classroom course notes

All students receive full class notes summarising and prioritising the most examinable parts of the syllabus.

Review Exercises

Strengthen your knowledge with our question and answer pocket sized-revision tool.

Formula sheet

All the formulae you need are combined into a formula sheet, along with a self-test section and examples to test your application.


All Unit 2 delegates will receive the exam-approved calculator and a handy calculator user guide. The calculator is an optional extra for Unit 1 delegates.

Lecture recordings

You can experience the benefit of the classroom in your own home or whilst on the move, with our online and downloadable comprehensive class recordings.

Introductory maths, economics and accounts modules

Specially designed for delegates with no prior knowledge in these areas, the online modules are there to prepare you with the basics and to refresh your maths knowledge.

Syllabus Updates

We want to make sure that you are totally prepared for the exam – so we make all the latest syllabus information available online for you to access immediately.

Ways to study

The IMC is available as both a classroom-based course and through distance learning – allowing you to choose the option that best suits your circumstances. Both options allow you access to our comprehensive online and physical learning materials as well as allowing you to contact tutors with your queries. Study materials and online access will be made available as soon as we receive your bookings so you can start studying straight away.

Classroom study

The Unit 1 course runs over two days. For Unit 2 you can choose a five-day comprehensive course or a three-day accelerated course.

We recommend our comprehensive Unit 2 course to most students, as it covers the entire syllabus assuming no prior knowledge or experience.

The accelerated course will be more appropriate for you if you already have a degree or professional qualification that covers much of the IMC syllabus, or if you have several years of industry experience. To find out which course is right for you take our test

Introduction to Financial Maths

Our popular one day financial maths course is for anyone who would like an introduction or refresher on the financial maths elements of the Unit 2 syllabus. in this interactive day we focus on building your confidence with many practice examples using the Casio Scientific calculator. We run these courses every month and you can be assured of personal help from the tutor if you have concern over the mathematical content of IMC.

Would you benefit from the maths course? Take our short test

Distance learning

Our distance learning course enables you to study at a time, pace and place that suits your lifestyle. Our online and physical study materials cover all aspects of the syllabus, so you won't miss out on core subject areas. You will receive all of our hard copy and online learning materials, as well as access to our bank of pre-recorded lectures which can be viewed online or downloaded to watch on the move.

Tailored training

As well as offering courses for individuals, we're happy to work alongside firms to help develop their employees – improving capabilities and knowledge. Above all, we focus on the precise requirements of your organisation, providing tailored training at a time and location to suit you.

Entry requirements

The Investment Management Certificate (IMC) has no set entry requirements. However, we recommend you consider taking the one-day Introduction to Financial Maths course if you are at all concerned about the mathematical content or using the Casio Scientific calculator.

Take a quick test to find out if you should attend the Introduction to Financial Maths course for a recap.

Introduction to Financial Maths

Refresh your mathematical skills in this one-day course and you'll be able to get even more out of your IMC training. Tutors guide you step-by-step through the mathematical element of the IMC Unit Two syllabus and give you the opportunity to practice questions. Topics include:

  • Equations and algebraic operations
  • Location and Dispersion (means, medians and mode)
  • Discounted cash flows (basic discounting and compounding, annuities, perpetuities, mortgage repayments)
  • Standard Deviation
  • Security Valuation
  • Bond Valuation and Return Measures
  • Return Measures
  • NPV and IRR
  • You will also receive online access with introductory maths modules and full class recordings


Is IMC the right course for you?

See our presentation on demystifying the financial services qualifications and read our blog to see how IMC has helped people achieve their career aspirations.

Study locations

Classroom teaching for the IMC qualification and the Introduction to Financial Maths course is held at the London Liverpool Street study centre – close to Bank, Moorgate and Liverpool Street. Based at the heart of the UK's corporate finance world, it's perfectly located to allow you to rub shoulders with the industry's leading thinkers.