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 |
| February 11, 2026 | March 31, 2026 |
| June 1, 2022 | July 1, 2022 |
| November 20, 2020 | February 1, 2021 |
🗓️ Updates Effective March 31, 2026
To ensure the CBCA® program remains focused, relevant, and aligned with learner outcomes, we will update the CBCA curriculum by removing the following courses. These changes will take effect on March 31, 2026.
Courses Being Removed from CBCA Prep:
- Introduction to Agribusiness
Courses Being Removed from CBCA Electives:
- Mergers & Acquisitions (M&A) Modeling
- Monthly Cash Flow Modeling
- Operational Modeling
- Origination Fundamentals – Debt Capital Markets Perspective
- Lending to Medical Professionals
- Agriculture Lending Fundamentals
Deadline to Complete Under the Current Curriculum
Candidates must complete the CBCA program by March 31 in order to follow the current curriculum.
After March 31, any candidate who has not completed CBCA will be required to follow the updated curriculum moving forward.
Questions?
If you have questions about these changes or how they affect your progress, please contact our support team.
🗓️ 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.