Chartered Investment Banking Analyst – Level 1 Examination
The CIBA Level 1 Exam is a proctored, closed-book online assessment designed to evaluate a candidate’s foundational knowledge in investment banking and finance. This exam is the first of two levels required to earn the Chartered Investment Banking Analyst (CIBA™) designation from the New York Institute of Finance (NYIF).
Passing this exam demonstrates your readiness to progress to Advanced IBC Program and pursue the full CIBA certification. It is suitable for professionals and students seeking to build or validate core skills in investment banking, financial analysis, and capital markets.
Exam Specifications:
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Number of questions : 60
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Attempts allowed: 1
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Passing Marks: 70%
Certificate and Progression:
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To earn the CIBA Designation, clearing the CIBA Level 1 Exam is the first step in the two-level certification path.
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Upon passing CIBA Level 1 exam, candidates qualify to progress to Advanced Investment Banking Certificate Program,
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On successfully completing both levels, students will be awarded the prestigious Chartered Investment Banking Analyst (CIBA™) certificate from the New York Institute of Finance (NYIF)
Course 1: Accounting System Structure and Information Management (6-hrs)
- Module 1: Accounting Concepts
- Module 2: Measuring Income
- Module 3: Accrual Accounting and Financial Statement Formats
Course 2: Reporting Firm Resources, Obligations and Performance (6-hrs)
- Module 1: Accrual Accounting and Financial Statement Format
- Module 2: Accounting for Sales
- Module 3: Cash Flow
Course 3: Credit Analysis (9-hrs)
- Module 1: Introduction to Risk Management and Credit Principles
- Module 2: Principles of Corporate and Project Finance
- Module 3: Credit Markets, Loan Defaults, and Expected Loss
- Module 4: Business, Industry, and Company Risk
- Module 5: Ratings Agencies and Financial Disclosure
- Module 6: Cases and Examples
Course 4: Fundamental of Financial Mathematics and Capital Budgeting (8-hours)
- Module 1: Determinants of Value
- Module 2: Foundations of Financial Mathematics: Time Value of Money
- Module 3: Capital Budgeting
Course 5: Fundamental of Financial Mathematics and Capital Budgeting (8-hours)
- Module 1: Introduction to Business Valuation
- Module 2: The Foundations of Free Cash Flows
- Module 3: The Weighted Average Cost of Capital
- Module 4: Terminal Value
- Module 5: The DCF Approach to Business Valuation
- Module 6: The Limitations of the DCF Approach
Course 6: Fundamentals of the Securities Industry (8-hrs)
- Module 1: Introduction to the Securities Industry
- Module 2: Introduction to Equity Securities
- Module 3: Introduction to Debt Securities
- Module 4: Trading Securities in the Secondary Markets
- Module 5: Processing Securities Transactions
Course 7: Equities and IPOs (7-hrs)
- Module 1: Common Stock
- Module 2: Preferred Stocks
- Module 3: Equity-Linked Issues
- Module 4: Indexes
Course 8: Fixed Income Securities (3-hrs)
- Module 1: Bonds and their Features
- Module 2: Fixed Income Markets
- Module 3: Bond Risks
Course 9: Derivatives Instruments (7-hrs)
- Module 1: Introduction to Derivatives
- Module 2: Futures and Forwards
- Module 3: Swaps
- Module 4: Options
Course 10: Hedge Funds and Private Equity (5-hrs)
- Module 1: Introduction to the Hedge Fund Industry
- Module 2: How a Hedge Fund Works
- Module 3: Hedge Fund Strategies
- Module 4: Issues for Hedge Fund Investors
- Module 5: Equity Investment Vehicles
Course 11: M&A Concepts and Theories: An Introduction (6-hrs)
- Lesson 1: Global M&A
- Lesson 2: Emerging Market M&A Issues
- Lesson 3: Buyer’s Viewpoint
- Lesson 4: Three Ways M&A Increases Value
- Lesson 5: Buy vs. Build, Synergy
- Lesson 1: Starting the Acquisition Process
- Lesson 2: Characteristics of Successful Deals
- Lesson 3: Discussion of Key Risks and Failed Deals
- Lesson 1: How much should the buyer pay?
- Lesson 2: Discuss the DCF and Public Companies
- Lesson 3: Harley Davidson: public companies
- Lesson 4: Comparable M&A and LBO’s
- Lesson 1: Emerging markets companies
- Lesson 2: Money-losing companies, erratic track records; Distressed/bankrupt companies
- Lesson 3: Industry Specific Multiples
- Lesson 4: Natural Resources
- Lesson 5: Speculative Hi-tech
- Lesson 6: Sum-of-parts
- Lesson 7: Free cash flow as an indicator
- Lesson 8: Valuing liquidity and control
- Lesson 1: M&A Financial Accounting: Overview
- Case Study – Apple – RIMM Model Discussion
- Lesson 2: Coming Up with Realistic Assumptions
Module 1: Introduction to the Securities Industry
Module 2: Finding a Deal
Module 3: Pricing the Deal
Module 4: Special Valuation Cases
Module 5: M&A Financial Accounting and Projections
Course 12: Mergers and Acquisitions (M&A): Advanced Concepts (6-hrs)
- Lesson 1: M&A Finance Sources
- Lesson 2: Debt
- Lesson 3: New Equity
- Lesson 4: Contingent Payment
- Lesson 1: The Seller’s Viewpoint
- Lesson 2: Using an Investment Bank
- Lesson 3: The Sale Process
- Lesson 1: First Offer
- Lesson 2: Disclosure of Acquisitions
- Lesson 3: Hostile Takeover Defenses
- Lesson 4: Private Equity
- Lesson 1: Review M&A Sale Process
- Lesson 2: Where Do Legal Agreements Fit In
- Lesson 3: Corporate Documents
- Lesson 4: IB Engagement Letter
- Lesson 1: Confidentiality Agreement (CA): Non-Disclosure Agreement (NDA)
- Lesson 2: Term Sheet
- Lesson 3: Letter of Intent
- Lesson 4: Definitive Agreements
Module 1: Financing the Deal
Module 2: Seller’s Viewpoint
Module 3: Other Areas of Interest
Module 4: Review and Documents
Module 5: Documents