The CIIA^® Program is offered in India through Council for Portfolio Management and Research (CPMR).

The Certified International Investment Analyst (CIIA^®) is an internationally recognized advanced professional qualification for individuals working in the finance and investment industry.

Objectives

The CIIA^® Program has the following objectives :

• To develop a new body of knowledge and make it available for those seeking challenging careers in the new era of liberalization and globalization;

• To introduce participants to the financial system and capital markets;

• To impart a strong conceptual foundation in investment analysis and portfolio management;

• To give adequate exposure to emerging areas like equity and debt research, scientific asset allocation, portfolio insurance etc.;

• To prepare individuals capable of providing leadership in portfolio management and mutual funds industry operating in a globalized environment.

• Finance and Accounting Professionals like Chartered Accountants, Management Accountants, Cost Accountants, Certified Accountants, Chartered Secretaries, Bankers, MBAs, etc, who seek careers in portfolio management and investment analysis.

• Professionals in the area of investment management and portfolio management.

• Professionals employed in the investment and treasury departments of banks and financial institutions.

• Professionals working in the investment departments of corporates.

Graduates (any discipline).

Duration

One year.

Period of Validity of Enrollment

The enrollment in the Program is valid for four years from the date of enrollment. Students who are unable to complete the program within the validity period, are required to register de novo by paying the requisite fee.

Program Structure of National Level Examinations

The CIIA^® Program covers all the important topics related to portfolio management and investment analysis. The program consists of three examinations titled Examination I, Examination II and Examination III at National Level. Each of the examinations will be for a maximum of 180 points and the duration of 3 hours.

Examination I : This examination covers all the basic concepts that the students need to pursue study of courses like Asset Valuation and Portfolio Management. It consists of three courses - Financial Accounting and Financial Statement Analysis (60 points), Economics (60 points) and Quantitative Methods (60 points).

Examination II : In this examination, a major portion of the inputs required to make a good portfolio manager are covered. The courses to be studied for this examination are - Corporate Finance (60 points), Equity Valuation and Analysis (60 points) and Fixed Income Valuation and Analysis (60 points).

Examination III : This is the last examination at the National Level covering three courses - Derivative Valuation and Analysis (70 points), Portfolio Management (80 points) and Ethics and Professional Standards (30 points).

All the three examinations outlined above consists of a brief essay type, numerical and minicase type questions.

Study for CIIA^® Examinations

CPMR will provide the required assistance to assist students to study and prepare for the CIIA^® examinations. The examination pattern similar to CIIA^® Final Examinations are administered at the National Level examinations. This will enable students who clear National Level Examinations to pass the International Level (Final Level) of CIIA^® with relative ease.

Awards

Students who successfully complete all the three examinations of the National Level (Examination I, Examination II & Examination III) will be awarded the PG Diploma in Investment Analysis by CPMR. The Council for Portfolio Management and Research (CPMR), will confer the designation of Certified Portfolio Manager (in full) and CPM (in brief) on them, subject to fulfillment of requisite membership criteria.

Students who successfully complete the International Level (Final Level) CIIA^® examinations will be awarded the CIIA^® qualification from ACIIA, Switzerland Certified Portfolio Manager (CPM) designation and membership from CPMR, India subject to regulations.