• 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.
  

• 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.
• Changing Loan Pricing course to a core course aims for all program participants to understand how default risk and loan structure translate into credit spreads and overall profitability, by working with an example loan pricing model.

Summary of Changes

• Introduced the CBCA® final exam as a program requirement to increase the value and credibility of the certification worldwide; protect the integrity of our program and those who work hard to complete it; help students assess their knowledge, and identify opportunities for improvement.  Visit our article  to learn more about the CBCA® final exam.
• Added a minimum of 3 electives as a requirement to earn the CBCA® certification.

Clarifications:

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 and optional to all existing CBCA™ certification holders and students who have completed their studies by February 1, 2020.