CMSA® Program Information

The Capital Markets & Securities Analyst program is an online global certification program that covers the most critical knowledge and skills required to become a world-class Capital Market Analyst including Equities, Fixed Income, Foreign Exchange, Commodities, and Derivatives.


Bundles and Inclusions

The CMSA® program is offered in two bundles: Self-Study CMSA® and Full Immersion CMSA®.

The Self-Study bundle is priced at $497 USD and provides access to all 26 courses, which includes 5 optional prep courses, 7 core courses, and 14 elective courses.

The Full Immersion bundle is priced at $847 and in addition to access to all 26 courses, includes premium email support, resume & cover letter feedback, complimentary printed certificate, and a 20% special discount towards other CFI™ programs and bundles. 

The program tuition includes everything and no additional fees are required to earn the digital certification. Both options provide 2-year access to all of the mentioned resources and all future CMSA® course upgrades within this period.

My 2-year access has expired. Can I still renew my access?

Absolutely! You can renew your access after 2 years for only US$97/year.

CMSA® Certification Requirements

In order to complete the CMSA® program and earn the certification, students are required to complete at least 14 courses: 7 core and 7 elective courses  (Students can choose which elective courses to complete, and may take more than 7 at no additional cost.)

All courses come with an online exam at the end (MCQ's, fill-in-the-blanks, and excel questions) that students need to complete. The exams can be repeated as many times as needed and can be taken at any time. A score of at least 80% is required to pass the assessment and earn the course credentials. 

After successfully completing the CMSA® requirements and signing the honor pledge, the program needs to be submitted through the student dashboard and the CMSA® certificate will be sent to the registered email address within 24 hours.

Effective September 1, 2021, an additional core course and a final exam will be included as part of the certification requirements.  Find more information on this page.

Duration and Mode of Delivery

All courses include video lectures delivered by professional wall street trainers, who have been teaching classes for new hires at global investment banks for over twenty years. 

Lectures, study materials, and exams are all online, and are accessible from anywhere in the world, allowing the program to be completed at any time. 

The recommended time to complete the program is 120-150 hours, but students are free to finish the program at their own pace.

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