What is the official exam structure?
According to CSI’s Exam & Credits page:
- Exam format: Proctored (remote or in-person at a test centre)
- Question format: Multiple cases with multiple-choice questions
- Questions per exam: 50
- Duration: 3 Hours
- Passing grade: 60%
- Attempts allowed per exam: 3
How should I read a vignette?
Use a strict order:
- Capture the client’s objective and constraints (horizon, liquidity, tax, risk capacity).
- Identify what the question is really asking (allocation, product choice, risk control, monitoring).
- Eliminate answers that violate constraints or assume missing information.
- Prefer actions that improve process quality: clarify → document → act within policy.
Do I need different content than Exam 1?
The content overlaps heavily, but Exam 2 rewards application and prioritization. You must be able to use the same tools under time pressure across multiple questions tied to one case.
What should I prioritize?
Because the exam is integrated, prioritize:
- IPS + constraints mapping
- allocation + rebalancing mechanics
- fixed-income sensitivity (duration intuition)
- product structure (fees/liquidity/after-tax)
- monitoring and next-step decisions
Sources: https://www.csi.ca/en/learning/courses/imt/exam-credits and https://www.csi.ca/en/learning/courses/imt/curriculum