New CMSA Requirements

This email communication was sent to students on July 5, 2021

In response to the rapidly growing demand from employers for Capital Markets & Securities Analyst (CMSA)® designation holders, we are delighted to share two important program announcements effective September 1, 2021:

1. Launch of the CMSA® Final Exam, with the aim to:

  • Increase the value and credibility of the certification worldwide;
  • Protect the integrity of our program and those who work hard to complete it; and
  • Help students assess their knowledge and identify opportunities for improvement.

For new and current students who complete the current program requirements on or after September 1, 2021, the CMSA® final exam will be a mandatory requirement in order to earn your CMSA® certification.

The exam will also be available and optional to all existing CMSA® certification holders and students who complete their studies before September 1, 2021.

2. New Program Requirement

The course Introduction to Hedge Funds will be moved from an elective to a core requirement for program completion.

In order to earn the CMSA® certification and designation, students will need to complete a total of 15 courses (8 core and 7 elective courses), and pass the final exam.        

Earning a CMSA® certification is a defining moment for many finance professionals and demonstrates advanced knowledge and real-world analytical skills. In an increasingly competitive world, employers look for qualified professionals who have the credentials and can demonstrate their expertise and confidence to get the job done well.

We are confident that these changes will better support you in your career journey by delivering a more comprehensive learning experience.

Please direct any other questions or comments to CFI’s Student Support team by sending us a message or emailing us at [email protected]

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