Claritas vs IMC

Difference Between Claritas and IMC

If you look at both of these, you will find them affordable courses with many benefits. Yes, you need to choose between these two. And we will guide you in the following ways. But before that, you need to understand something else.

  • First, you should opt for the Claritas® Investment Certificate if you want a lot of flexibility. Because it’s pretty easy to clear and the mode of exam is also very convenient. IMC  (Investment Management Certificate) is also very good. However, IMC is a little stricter than Claritas®.
  • Second, Claritas® and IMC both have almost zero entry barriers. So, if you choose to do any one of them or both, there’s no exam requirement. You only need to be good at English.
  • Both are the courses for people who want to add some knowledge to their knowledge portfolio. They cannot replace the value of doing CFA or CPA or other financial domain programs. The value of both these courses is quite good.

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What is Claritas?

Claritas® is one of the best investment courses in the world. And it’s organized by one of the best institutes in the world – the CFA institute.

  • The best part of the Claritas® program is that you don’t need to have any entry requirements or any prior qualifications to sit for the exam in Claritas®. The only requirement is that you need to be good at English to understand the material and to give the exam.
  • Another beautiful thing about Claritas® is that it’s only 100 hours program, and you can do it at your pace. CFA Institute will provide all the materials (including eBooks and mock tests). You just need to prepare and sit for the exam within 6 months from the day of registration.
  • The exam for this course is just 2 hours. You need to sit for 2 hours exam and need to answer 120 multiple choice questions, and you’re done.
  • The fees for this course are very affordable. Getting a globally recognized course within this range is a boon.

What is IMC?

If you want to boost your career or want to be called an expert in the investment domain, choose this course. This is more popular in the UK, but it has relevance all over the world. And it’s organized by the CFA Society, United Kingdom.

  • It consists of only two units, and you merely need to study for 180 hours.
  • The exam methodology is unique and helpful for students. Students can attempt 4 times in a year. As the percentage of marks is great, most of the students pass this exam without any issue.

Claritas vs. IMC Infographics

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Claritas vs. IMC Summary

SectionClaritasIMC
Certification Organised byClaritas is one of the best investment-related courses in the world. It’s organized by CFA Institute, USA.IMC (Investment Management Certificate) is recognized and organized by CFA Society, United Kingdom. This course is more popular in UK than in the whole world. But the subjects taught under this course have relevance in all over the world.
Number of levelsClaritas has seven modules. They all are Industry Overview (5%), Ethics and Regulation (10%), Inputs and tools (20%), Investment Instruments (20%), Industry Structure (20%), Serving Client Needs (5%), and Industry Controls (20%) respectively.IMC has only two levels. They call them units – Unit 1 and Unit 2. The exam for each unit occurs separately.
Mode/Duration of examAs we mentioned earlier, to pass Claritas exam, you just need to sit for 2 hours and answer 120 multiple choice questions. And you’re done. But don’t go by just its examination. If you don’t prepare well, chances are that you need to re-enrol yourself for the examination.As mentioned earlier, IMC has two separate units. For clearing the Unit-1, students need to sit for 1 hour 40 minutes and answer 85 multiple choice, item sets and gap-fill style questions; and for Unit-2, students need to sit for 2 hours 20 minutes and answer 105 multiple choice, item sets and gap-fill style questions.
Exam WindowGiving an exam for Claritas is super easy. You can choose to sit for an exam anytime within 6 months from the date of registration.For IMC, students can sit for the exam within one year of registration. Students can attempt four times a year for clearing IMC.
SubjectsClaritas has a very small syllabus. Only 100 hours of study you need to do. If you do it with concentration, you would be able to clear Claritas exam.
Thus, you can imagine there are no subjects, but chapters under seven modules.
Module – 1: – Chapter 1 – The investment industry: A top-down approach
Module – 2: – Chapter 2 – Ethics & Investment Professionalism – Chapter 3 – Regulation
Module – 3: – Chapter 4 – Microeconomics – Chapter 5 – Macroeconomics – Chapter 6 – Economics of International Trends – Chapter 7 – Financial Statements – Chapter 8 – Quantitative Concepts
Module – 4: – Chapter 9 – Debt Securities – Chapter 10 – Equity Securities – Chapter 11 – Derivatives – Chapter 12 – Alternative Investments
Module – 5: – Chapter 13 – Structure of the Investment Industry – Chapter 14 – Investment Vehicles – Chapter 15 – The functioning of Financial Markets
Module – 6: – Chapter 16 – Investors & Their needs – Chapter 17 – Investment Management
Module – 7: – Chapter 18 – Risk Management – Chapter 19 – Performance Evaluation – Chapter 20 – Investment Industry Documentation
In the case of IMC, there are two units as we have mentioned before. In the case of IMC as well, there are no subjects, only topics.
Let’s look at the topics under each unit.

Unit – 1:
Topic 1 – Financial Markets and Institutions
Topic 2 – Ethics and Investment Professionalism
Topic 3 – The Regulation of Financial Markets and Institutions
Topic 4 – Legal Concepts
Topic 5 – Client Advice
Topic 6 – Taxation

Unit – 2:
Topic 7 – Quantitative Methods
Topic 8 – Microeconomics
Topic 9 – Macro-economics
Topic 10 – Accounting
Topic 11 – Equities
Topic 12 – Fixed Income
Topic 13 – Derivatives
Topic 14 – Alternative Investments
Topic 15 – Portfolio Management
Topic 16 – Investment Products
Topic 17 – Investment Performance Measurement
Pass PercentageThe pass percentage is quite high in Claritas. The pass percentage till now is 85%. Almost 6,480 students have already passed out after completing their Claritas program.The pass percentage for IMC is also quite high. In each of the exams, the pass rate is 80%.
FeesIndividual registration costs US$685 and includes access to all study materials, the exam registration fee, and one exam sitting. But if you pay the fees in the group, you may get some discount (around the US $50).In addition to your program fees, there may be additional charges associated with your studies, which include: IMC – unit 1 Examination fee: £240 IMC – unit 2 Examination fee: £255

Job opportunities/Job titlesThe job opportunities for Claritas are noteworthy as it’s one of the best investment courses in the world, recognized by the top-notch CFA Institute. If you want to shift your career from any other domain to the finance/investment domain, this is a very good course. It’s best suited for entry-level professionals in the investment domain and also for professionals who are already in the investment field.If you complete IMC, you have huge recognition all over the world. Even if it’s more popular in the UK, the whole world is also embracing IMC with open hands. The best two job titles after doing IMC are Analyst and Fund Manager. You can also look into other financial domains for job prospects.

Key Differences Between Claritas and IMC

  • Fees: The fees for IMC are a little bit higher than the Claritas®. Even if the difference is only a few thousand dollars, sometimes it makes a huge difference (hint – what if you don’t clear IMC in one go).
  • Convenience: Claritas® is much more convenient than IMC. If you want to pass Claritas®, you only need to sit for one-two hours exam, and that’s it. But for IMC, you need to sit separately for Unit-1 and Unit-2 examinations.
  • Entry requirements: Both of the programs don’t require any prior qualifications. But to complete IMC, it’s recommended that one should complete her bachelor’s degree program.
  • Comprehensiveness: If you notice the syllabus of Claritas® and IMC, few subjects are similar. But syllabus of IMC is more precise, whereas the curriculum of Claritas® is more comprehensive.

Why pursue Claritas?

There are a few fundamental reasons for which students should pursue Claritas®.

  • It was found from the candidate survey that most of the candidates (almost 76%) want to pursue Claritas® because they want to increase the knowledge of the industry.
  • 43% of the candidates did the course because the course is affiliated with one of the top-notch institutes in the world – CFA institute.
  • 30% believed that Claritas® course would give them a boost in confidence in carrying out tasks in their present domain of work.
  • 27% wanted to do the course because they could understand the value of getting a global professional network handy as the value addition of the course.
  • 24% wanted to improve their career graph, and thus they went for Claritas® course.
  • Moreover, you need to find your reason why you want to pursue a Claritas® course. But the above survey covers almost everything students should do the Claritas® course for.

Why pursue IMC?

  • Students should pursue IMC because it is one of the top-rated investment courses in the world. And it is very much flexible for students who are working professionals as well.
  • The syllabus of IMC is very much precise. You don’t need to study any subject. There are only 2 units. Out of which there is a total of 17 topics. You can study at your own pace. The only thing is you need to sit for the exam within one year of the registration date.
  • You will see that IMC doesn’t only teach you about investment; it also covers management studies. Knowing about investment is not enough. You need to know how to manage things in a professional setting as well. So, IMC is a culmination of both the course, making it unique and attractive to its students.

Conclusion

Business Philosopher Jim Rohn said that – “No matter what you do, make sure everything that you do is the product of your conclusion.” So, take this advice to heart. Claritas® and IMC are both excellent courses. But after going through the courseware, you need to decide which applies to your setting.

Choosing a course over other courses is an overwhelming task. Thus, we gave you the details of what you should pay heed to and what you should ignore.

But here’s what we think you should do. These are hypothetical situations, and they may or may not work in your professional career. If you want to enter the investment domain or want to do a starting course in investment analysis, there is nothing more comprehensive course than Claritas®.

Moreover, it doesn’t require any prior qualifications, and you also don’t need to have any work experience in the same domain. So, if you’re working for IT, you can shift and do this course and join an organization that will let you take care of the investment analysis domain.

If you want to go for something core-based investment course, do IMC along with CFA. If you do both IMC and CFA, nothing is more lethal than that.

This has been a guide to Claritas vs. IMC. Here we discuss the differences between Claritas and IMC along with infographics and why to pursue them. You may also have a look at the following articles –

Reader Interactions

Comments

  1. James Dcruz says

    Thanks for sharing this awesome comparison between Claritas and IMC. Informative and helpful post. I also have a small question that is can you tell me what are the strategies required for IMC exam?

    • Dheeraj Vaidya says

      Many thanks. There are certain strategies you need to follow.
      1. The course resources for IMC are published by CFA UK which provides the brief coverage of the whole syllabus. You must keep this handy as it gives worked examples and calculations.
      2. You must decide in advance what to study and how much you need to study, based upon the unit curriculum and other supplementary study materials.
      3. And please learn the formulas as they are not been provided with the same during the examination. I hope this helps you. Best of luck for your upcoming future.

  2. Roston Demello says

    Amazing blog. These are some of the best comparisons that I have seen of Claritas and IMC. This was really very useful for me and I must say people, who are actually confused between Claritas and IMC, then you must read this blog, it’s really very helpful. Sir if could also share some comparisons between Claritas and CIPM then it would be very helpful to me. I Hope you send me some notes related to this.

    • Dheeraj Vaidya says

      Thanks for your kind words, it means a lot and I am happy to know that u liked this.

  3. Animesh says

    CFA Institute has changed the name of clarity to Investment Foundation Certificate program

    • Dheeraj Vaidya says

      you are right Animesh. Thanks for the update. Need to change that in the article too.