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United Kingdom · Qualifications

What a CISI qualification costs

You pay an exam fee and buy a workbook for each unit, plus a one-off £68 Qualification Registration Fee with your first qualification. The Chartered Institute for Securities & Investment (CISI) sets every CISI qualification cost in its price list for 1 April 2026 to 31 March 2027, and it reviews prices each year. Resits, extra study tools and any outside course cost more on top.

  • £68One-off Qualification Registration Fee
  • 50%Discount for UK candidates on a low income
  • One priceExam fee for members and non-members
Where to study

Updated October 2026 · Written from official sources, listed at the bottom of this page

What does each CISI qualification cost in total?

QualificationExamsWorkbooks
Award for Introduction to Investment£155£105
Risk in Financial Services, Award£283£105
Certificate in Corporate Finance£490£210
Risk in Financial Services, Certificate£530£210
Capital Markets Programme£533£210
Certificate in Investment Management£606£210
Investment Operations Certificate (IOC)£688£308
Diploma in Investment Compliance£905£420
Investment Advice Diploma (IAD)£912£315
Chartered Wealth Manager Qualification£1,089£630

These are CISI’s own totals of its listed fees. Where you can choose units, CISI bases the total on the most common combination. Add the £68 registration fee once; resits and price rises during your studies aren’t included. Each qualification’s page gives its unit fees.

Fees after the exam

ItemFee
Performance Review, multiple-choice exam£40
Narrative exam Marks ReportFree
Narrative exam Clerical Check£15
Narrative exam Review of Marking£60
Appeal£120
E-certificate in MyCISIFree
Printed certificate by post£40

Performance Reviews are free for candidates from CISI Corporate Supporter firms, and so are Clerical Checks after a failed narrative exam. Anyone gets a free Performance Review after failing the same subject three times.

Exemption fees

ItemFee
Exemption using a CISI qualificationFree
Exemption from a multiple-choice question (MCQ) unit using a non-CISI qualification£60
Exemption from a narrative unit using a non-CISI qualification£89

Some CISI qualification pages still say an IOC exemption costs £50; the price list for 1 April 2026 to 31 March 2027 is the newer source.

The rules for exemptions →

The 50% concession for UK candidates

CISI takes 50% off for UK residents on a low income, out of work or in full-time education. You qualify while you earn £22,200 or less. It applies to:

  • CISI exams and Professional Assessments, except the Chartered Banker’s Green Finance Certificate
  • the learning materials for those exams
  • new CISI membership

You send proof such as a P60, a recent payslip, a P45, a Universal Credit letter or confirmation of full-time study to concessionarydiscount@cisi.org. CISI applies the discount only after it has your evidence and can’t backdate it.

Prices outside the UK

International bookings include the workbook and, where there is one, Revision Express. Some exams also carry local invigilation fees. CISI’s offices in Dubai, Mumbai, Colombo and Manila give prices for the countries they cover.

CISI’s offices →
Sources: CISI and 3 more. Checked October 2026.

Rules and fees can change, so check the official site before your test.

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