investment banking certification

Investment Banking Certification: Dos and Don’ts

Do you want to work in the financial sector and are wondering which additional qualifications make sense for you? Behind the designations, CFA, CAIA, and CIIA hide different training opportunities. In this article, we will consider how to get investment banking certification.

How to enter investment banking?

A banking specialist can work not only in banks but also in the planning departments of various enterprises, investment design departments, financial institutions, insurance companies, credit institutions, exchanges.

The educational program of the specialty “Banking” provides a fundamental and special study of students’ legal and organizational foundations of credit institutions, the nature and technology of banking operations and agreements, accounting rules in credit institutions, threats to banking security, and measures to eliminate them, the legal basis of audit activities. A special place is occupied by training in skills of reporting on the activities of the credit institution, the use of methods and means of protection of banking information, preparation of primary accounting documents, synthetic and analytical accounting of banking transactions in the relevant accounting registers.

What are certificate in investment banking (CIB) fees

A specialist who wants to get to the top of the career ladder needs experience in all departments. Anyone who has chosen the profession of a banker needs to be prepared for an irregular working day and a heavy workload.

For employment in the bank, the applicant must have a specialized education. Even if the applicant has a higher education and is a highly qualified specialist in another field of activity, this should not be discussed when looking for a job in the banking sector. Here you need to display education related specifically to the specialty that is displayed in the ad. The education received must be confirmed by relevant documents (diploma, certificate). As a rule, a bank employee is required to have economic education, higher or secondary. The higher the qualification, the more chances to get the desired position.

There are the following alternatives of popular certificates

  • CFA (Chartered Financial Analyst)

The program has three stages. This means that after each year you complete a section with a written exam. The curriculum includes subjects such as micro and macroeconomics, corporate finance, and investment analysis – but great importance is also attached to ethics.

The CFA Institute has an enrollment fee of about $1,000. In addition, there are around 600 dollars per exam. The cost of the learning material is a few hundred dollars per level. However, many test participants use textbooks from private providers. All in all, about $3,000 is due. The German CFA society GCFAS also offers preparatory courses and you can take a trial test in various large cities.

  • CAIA (Chartered Alternative Investment Analyst)

The exams for the first and the second level are offered twice a year so that it is possible to achieve the qualification within one year. At the CAIA, alternative investments are central to the curriculum. The first level mainly deals with alternative asset classes (e.g. hedge funds) and associated investment strategies, while the second section focuses on portfolio structuring and various trading strategies as well as risk management.

  • CIIA (Certified International Investment Analyst)

The costs for the CIIA are between 10,900 (early bird discount) and 11,900 euros. For this price, you will be prepared for the test with a total of 28 days of classroom instruction in several blocks. The three exams can be completed within seven months.