Bipolar disorder is an increasingly popular diagnosis in youth, and there has been a corresponding increase in interest in investigating neuropsychological and cognitive profiles in children and adolescents diagnosed with bipolar disorder. The extant literature reveals that youth with bipolar disorder frequently show deficits in the areas of executive functioning, short term memory, learning and long term memory, sustained attention, processing speed, intelligence testing, and academic functioning. This study examined cognitive performance and academic achievement in inpatient youth with bipolar disorder versus comparison inpatient youth with other psychiatric disorders. No differences were found on measures of cognitive ability, visual-motor integration, or academic achievement. Prior findings of cognitive deficits may be due to comparison to healthy controls, not deficits specific to bipolar disorder. When compared with other psychiatrically impaired youth, inpatient children and adolescents do not show these deficits.