Faculty

Course Outline

CIIA (Certified International Investment Analyst) is an internationally recognised, advanced professional qualification. The certification examines candidates at a high standard and in a practical fashion on topics of interest for top professionals from the financial industry, such as brokers dealers, financial officers, economists, risk managers, legal and compliance officers and general management at investment banks, insurance companies, brokerage firms, financial engineers and other financial services providers. CIIA holders are also of high value in the financial management of a company: cash balance, working capital, capital structure analysis, financial models for funding etc.

The certification can be equated in the case of financial programs by the Authorities in Great Britain, France, Spain, Italy, Portugal, Greece and Poland. Outside of Europe, the CIIA diploma is recognized especially by regulators in Asia and South America. Also, holders of the CIIA certification are exempt from the first exam (out of 3) related to the PRM (Professional Risk Manager) certification based on a partnership with PRMIA (Professional Risk Managers' International Association) from the USA.

 

WHY GET CIIA CERTIFIED?

• Global recognition, affiliation and opportunities: gain international value and prestige
• Equipping top investment professionals with the advanced skills to add value in their roles and in their organizations
• Combines real world class knowledge with respect for local expertise and culture
• CIIA holders enjoy higher salaries

 

DEADLINE FOR APPLICATIONS: 26th April 2024

 

Assesment Process

CIIA examinations consist of two levels: 

• FOUNDATION – Candidates with a university degree and at least 1-year work experience
• FINAL - Candidates holding a university degree and minimum 5-years work experience

The examinations are held twice a year each March and September. Both the Foundation and Final levels contain 7 modules:

• Portfolio management
• Financial accounting and financial statement analysis
• Economics
• Equity
• Corporate Finance
• Fixed Income 
• Derivates

The advanced training solution package offered by AAFBR and Envisia consists of:

• 1-year dedicated support;
• Registration and access to the online ACCIA learning platform (course materials, lecture films, exercises, progress tracker);
• 8 practical workshops (31 hours in total) of mock exams. Simulations of the real exams for each of the 8 MODULES of the CIIA FINAL LEVEL EXAMS with explained solutions & concepts (tips & tricks) from the past examinations delivered by top level practitioners as FACILITATORS;
• Tutoring. The lecturers are available – online or email - to deliver additional explanations if necessary, during the study period;
• Cost of 3 exams: 
  • CIIA Final Level, Exam 1 preparation: 4 live online tutorials (16 hrs) + registration fee to the exam 1 + exam grading
  • CIIA Final Level, Exam 2 preparation: 3 live online tutorials (12 hrs) + registration fee to exam 2 + exam grading
  • CIIA Final Level, Exam 3 (National) preparation: 1 live online tutorial (3 hrs) + exam grading

PACKAGE FEE: 3,500 EUR + VAT, payable as follows:

• 2,000 EUR + VAT by APRIL 20, 2024
• 1,500 EUR + VAT by FEB 28, 2025

Note: Repeating an exam, if failed or postponed (after registration), is 350 EUR (in addition to the above)

 

Course & assesment timeline

CIIA TRAINING PROGRAMME PREPARATION SESSIONS (4H/TOPIC)
 

For Exam 1, 20th September 2024, 16 hours in total

• Corporate Finance – 4th June 2024 (14:00 – 18:15). Facilitator: Daniela Ropotă, CIIA, CESGA
• Economics – 11th June 2024 (14:00 – 18:15). Facilitator: Ionuț Lianu, CFA
• Financial Accounting and Statement Analysis – 18th June 2024 (14:00 – 18:15). Facilitator: Mirela Păunescu, PhD, FCCA, CIA
• Equity Valuation and Analysis – 25th June 2024 (14:00 – 18:15). Facilitator: Carmen Lipară, PhD

For Exam 2, 7th March 2025, 12 hours in total

• Fixed Income Valuation and Analysis Tutoring – 28th January 2025 (14:00 – 18:15). Facilitator: Bianca Drăgucian, CFA
• Derivative Valuation and Analysis – 4th February 2025 (14:00 – 18:15). Facilitator: Adrian Codirlașu, PhD, CFA
• Portfolio Management – 11th February 2025 (14:00 – 18:15). Facilitator: Mihai Țântaru, CFA

For Exam 3, 17th June 2025, 12 hours in total

• Regulation. Ethics. Financial Statement Analysis. Market Structures and Instruments – 29th April 2025 (14:00 – 17:15).

 

Application Process

To apply to the advanced training solution offered by Envisia and AAFBR take in mind:

• 26th April 2024 – Deadline for application
• 20th April 2024 – Submission of the first installment payment 
• 28th February 2025 – Submission of the second installment payment 
• 4th June 2024 – The access to the ACIIA eLearning platform

FULL PACKAGE PRICE: 3,500 euro + TVA

 

About course

PARTNERING ORGANISATIONS

ENVISIA is the first business school in Romania for Board Directors. A Circle of trust, knowledge, expertise and insights. A place for Chairs, Senior Independent Directors, Non-Executive Directors, C-Suite level and high-caliber professionals to learn and develop sustainable business models and innovative approaches to organizational culture and future risks.
In a changing world, with challenges and new situations on the agenda of boards and executive leadership, the need for specialized education for these positions is growing. 
Envisia offers state-of-the-art courses and programs, dedicated to chair and boards, top management and professionals of high expertise, through prestigious international and national educational partnerships, having in its portfolio both academic and professional programs, as well as ultra-specialized courses and seminars

The Romanian Association of Financial and Banking Analysts (AAFBR) is a non-profit professional association, established in 2008. Since its launch, AAFBR has aimed to present a professional point of view regarding the prospects of the Romanian economy through conferences with a financial profile, press releases following internal surveys among members and opinions expressed in the Romanian media.
AAFBR thus wishes to offer useful tools to all companies interested in developments macroeconomics within the internal asset and liability management processes, to analysts who want a reference point for own estimates, the press that identifies economic challenges in the present and proposes solutions for the future, the university environment that orients on scientific research. 

 

CERTIFYING ORGANISATION

ACIIA (Association of International Investment Analysts) is a non-profit international association established in 2000, in Switzerland, based on a network of National/Regional member societies which represent investment professionals in their respective countries/regions. ACIIA is an international partnership of 23 national and regional associations and 1 federation, EFFAS – European Federation of Financial Analysts Societies, representing over 60,000 financial analysts, portfolio managers and other professionals in finance areas worldwide.

 

For more insights and guidance on the application process, please contact:
Gabriela HÂRȚESCU, PhD
Dean & COO, Member of the Board Envisia Business School
Tel: 0040.748.886.800
E-mail: gabriela.hartescu@envisia.eu