Chartered Investment Banking Analyst (CIBA™) – Hybrid Program
The Chartered Investment Banking Analyst (CIBA™) designation – Hybrid Learning Program is a rigorous, 155-hour integrated program delivered by the New York Institute of Finance (NYIF). Designed for candidates seeking a flexible, blended pathway, the hybrid format combines structured self-paced learning with guided instruction and applied practice. The curriculum brings together both professional and advanced investment banking training, equipping learners with the technical skills, analytical capabilities, and industry knowledge needed to excel in investment banking and corporate finance. Students who complete all hybrid program requirements and pass both examinations earn the Chartered Investment Banking Analyst (CIBA™) designation
from NYIF—one of the most advanced credentials in applied investment banking practice.
Note: The CIBA™ designation may also be attained through in-person or virtual live formats, the hybrid program is a distinct learning structure leading to the same credential.
Program Structure (Hybrid Learning)
CIBA Level 1
1. Investment Banking Professional Certificate (Self-paced)
Section 1. : Financial Accounting & Statement Analysis — Self-paced
Section 2. : Credit Risk Analysis — Self-paced
Section 3. : Corporate Finance Fundamentals — Self-paced
Section 4. : Valuation Methods — Self-paced
Section 5. : Financial Markets & Instruments — Self-paced
Course 6. : Mergers & Acquisitions – Foundations — Self-paced
2. CIBA Level 1 Exam — Online
CIBA Level 2
3. Investment Banking Advanced Professional Certificate (Hybrid)
Section 1. : Advanced Financial Accounting — Self-paced
Section 2. : Advanced Credit & Credit Risk — Self-paced
Section 3. : Advanced Corporate Finance & Valuation — Self-paced
Section 4. : Advanced Mergers & Acquisitions — Self-paced
Section 5. : Financial Modeling — Virtual-live or In-person
Applied Case Studies & Practical Exercises
4. CIBA Level 2 Exam — Online
- Module 1: Financial Industry Overview
- Module 2: Career Skills
- Module 3: Career Tools
- Module 1: Accounting Concepts
- Module 2: Measuring Income
- Module 3: Accrual Accounting & Financial Statement Formats
- Module 4: Accounting for Sales
- Module 5: Cash Flow
- Module 1: Risk Management & Credit Principles
- Module 2: Corporate and Project Finance Principles
- Module 3: Credit Markets, Loan Defaults & Expected Loss
- Module 4: Business, Industry & Company Risk
- Module 5: Ratings Agencies & Financial Disclosure
- Module 6: Case Studies
- Module 1: Determinants of Value
- Module 2: Time Value of Money
- Module 3: Capital Budgeting
- Module 4: Introduction to Business Valuation
- Module 5: Free Cash Flows
- Module 6: WACC
- Module 7: Terminal Value
- Module 8: DCF Valuation Approaches
- Module 9: Limitations of DCF
- Module 1: Introduction to the Securities Industry
- Module 2: Equity Securities
- Module 3: Debt Securities
- Module 4: Secondary Market Trading
- Module 5: Transaction Processing
- Module 6: Common Stock
- Module 7: Preferred Stock
- Module 8: Equity-Linked Securities
- Module 9: Market Indexes
- Module 10: Bond Features
- Module 11: Fixed Income Markets
- Module 12: Bond Risks
- Module 13: Derivatives Overview
- Module 14: Futures & Forwards
- Module 15: Swaps
- Module 16: Options
- Module 17: Hedge Fund Industry Overview
- Module 18: Hedge Fund Operations
- Module 19: Hedge Fund Strategies
- Module 20: Issues for Hedge Fund Investors
- Module 21: Private Equity & Investment Vehicles
- Module 1: Global M&A & Value Creation
- Module 2: Buyer’s Viewpoint & Synergies
- Module 1: Financing the Deal
- Module 2: Seller’s Viewpoint & Mandates
- Module 3: Hostile Takeover Defenses
- Module 4: Private Equity in M&A
- Module 5: M&A Sale Process Review
- Module 6: Legal Agreements
- Module 7: Confidentiality Agreements (NDAs)
- Module 8: Term Sheets & Letters of Intent
- Module 9: Definitive Agreements
- Module 1: Inventory
- Module 2: Long-Lived Assets & Depreciation
- Module 3: Liabilities & Interest
- Module 4: Equity
- Module 5: Financial Statement Analysis
- Module 6: Free Cash Flow
- Module 7: Accounting for Investments
- Module 8: Pension Accounting & Stock Options
- Module 9: Taxes & Depreciation
- Module 10: Deferred Taxes
- Module 1: Financial Ratios & Metrics
- Module 2: Off-Balance-Sheet Risks
- Module 3: Organization Structures
- Module 4: Management Assessment
- Module 5: Cash Flow Analysis
- Module 6: Project Finance
- Module 7: Financial Hedges
- Module 8: Case Studies
- Module 9: Financial Warning Signs
- Module 10: Forecasting & Projections
- Module 11: Capital Structure
- Module 12: Debt Capacity
- Module 1: Cost of Capital
- Module 2: Cost of Debt
- Module 3: Cost of Convertible Deb
- Module 4: Cost of Equity
- Module 5: Corporate Implications
- Module 6: Advanced DCF Methodologies
- Module 7: Cash Flow Projections
- Module 8: Discounted Cash Flow Analysis
- Module 9: Alternative Valuation Models
- Module 10: Relative Valuation Techniques
- Module 1: Free Cash Flow Modeling
- Module 2: Components of Free Cash Flow
- Module 3: Cost of Capital in M&A
- Module 4: Capital Budgeting in Deals
- Module 5: Modified Free Cash Flow
- Module 6: Evaluating Acquisition Opportunities
- Module 7: Post-Merger Integration
- Module 8: Implementation Challenges
- Module 9: Legal Structures & Triangular Mergers
- Module 10: Tax Considerations & Tax-Free Deals
- Module 11: M&A Accounting Notes
- Module 12: Consideration Structures
- Module 13: Advanced Deal Structuring
- Module 1: Advanced Excel Techniques
- Module 2: Modeling Rules of Thumb
- Module 3: EVA & Accrual Valuations
- Module 4: Multiples Valuation
- Module 5: Pro-Forma Adjustments
- Module 6: Balance Sheet Valuation
- Module 7: DCF & APV Modeling
- Module 8: Sensitivity & Scenario Analysis
- Module 9: High-Growth Valuation
- Module 10: NOLs
- Module 11: Contribution Analysis
- Module 12: Structure-Based Modeling
- Module 13: Bottom-Up Modeling
- Module 14: Acquisition Modeling
- Module 15: LBOs