Diploma in Investment Operations

Why study the Diploma in Investment Operations?

The Diploma in Investment Operations offers practitioners the opportunity to specialise in the administration of investment funds and custody and settlement.

Within the profession, it is widely acknowledged as the most appropriate higher level qualification for professionals wanting to pursue a career in investment operations.

Is the Diploma in Investment Operations right for me?

The Diploma in Investment Operations is a valuable qualification if you hold a supervisory level position and you are aspiring to a senior management role in investment operations.

Key features:

  • Specialist qualification – developed specifically for operations professionals wanting to pursue a senior management role
  • Tackles challenges and issues faced every day and explains best practice techniques to overcome these
  • Consolidates knowledge gained from the IOC and Managing Operational Risk in Financial Institutions
  • Free CISI Student membership - become associated with a chartered professional body and take advantage of an extensive range of benefits
  • Access to full membership of the Institute and MCSI designatory letters
  • Exams available online via remote invigilation or at one of our global test centres

Qualification factsheet

Qualification Structure

The award is achieved by passing:

Total Qualification Time:
425.75 hours

The total qualification time (TQT) for this qualification is 425.75 hours. TQT is an estimate of the number of hours that a typical candidate might reasonably spend in achieving the qualification. This will vary depending on your previous experience, and includes any formal study as well as self-study and assessment time.


Exam Details

Exam Availability

Pass Mark / Pass Rate

The current pass rate for this exam is and the pass mark is . The exam grades are as follows:

Regulated Qualifications Framework

credits on the Regulated Qualifications Framework are awarded upon successfully passing this exam

Feedback and Appeals

For further details on how to give us your feedback and / or Appeal your result, please refer to our Exam Policies.

Study support


A CISI workbook is required to be purchased when booking each exam. This is to ensure there is one standard workbook from which all exam candidates can prepare. You can also choose to purchase CISI elearning to support your exam preparation.

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Accredited Training Partners

You can choose to complete formal training for our exams with a CISI Accredited Training Partner (ATP).

Find an ATP near you

Post Qualification Opportunities


After successfully achieving the Diploma in Investment Operations qualification you can join the Institute as a full Member and attain the designatory letters, MCSI. As a Member of the Institute, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator.