CBCA® | Program Updates
This article contains the historical updates and changes to CFI's Commercial Banking & Credit Analyst (CBCA®) Certification program.
Update History:
Update History
| Announcement Date | Effective Date |
| June 1, 2022 | July 1, 2022 |
| November 20, 2020 | February 1, 2021 |
🗓️ Updates Effective July 1, 2022
Summary of Changes
- The Financial Analysis Fundamentals course was removed from the CBCA® program and replaced by an industry-specific course titled Financial Analysis for Credit.
- The Loan Pricing course was moved from an elective to a core requirement for program completion.
Why did we make these updates?
- The Financial Analysis for Credit course aims to give students a specific focus on the most important credit metrics that commercial bankers and credit analysts will use in their careers.
- Making the Loan Pricing course a core course aims to help all program participants understand how default risk and loan structure translate into credit spreads and overall profitability by working with an example loan pricing model.
🗓️ Updates Effective February 1, 2021
Summary of Changes
- Introduced the CBCA® final exam as a program requirement.
A minimum of 3 electives was added as a requirement to earn the CBCA® certification.
Why did we make these updates?
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.
Impact on existing CBCA Certification Holders
The CBCA® final exam and three elective courses will be mandatory requirements for new students to earn their CBCA® certification. They will also be available as optional to all existing CBCA® certification holders and students who have completed their studies by February 1, 2021.