Certified Credit Research Analyst (CCRA)
The Certified Credit Research Analyst (CCRA™) is a comprehensive global education program designed to give an expert level understanding of credit markets to fresh graduates and experienced professionals. It integrates the fundamentals of financial analysis, credit analysis, rating methodologies, credit strategy and structuring. It offers the tools a candidate needs to occupy key positions in the world of finance, private banking, credit ratings and fixed income domain.
The CCRA™ Certification is being jointly offered by Association of International Wealth Management of India (AIWMI) & National Institute of Securities Markets (NISM).
The content of the CCRA™ exam has been designed in consultation with most of the world’s leading credit rating companies and financial institutions ensuring that the course focuses specifically on credit analysis knowledge, thus making it the most sought after exam for graduates and working professionals who aspire to a career in Credit Rating firms, Banking and Strategy.
Regulatory Requirement : CCRA™ certification meets the requirement in areas identified by RBI and communicated by IBA vide their circular no CIR/HR& IR/KSC/2017-18/2602 dated 26th April 2017.
Only Recognized Global Certification in Credit Research: CCRA™ is the only available Credit Specialization across the world with exams being offered in around 180 countries.
Job opportunities: There is no other recognized certification that prepares you better, for employment in the field of bank loans, credit analysis, rating and strategy. CCRA™ will open up these opportunities for you.
Practical Knowledge: CCRA™ will help you deploy the most comprehensive suite of research, data and tools to analyze and monitor credit analysis on individual securities, companies and industries in the market.
One-on-one access to industry-leading analysts, briefings, webinars and teleconferences.
Access to In-depth reports that dissect the credit strengths and weaknesses of individual companies and transactions.
Market savvy: Learn how to analyze accurate, timely and comprehensive sets of data on company financials, industries and deal performance metrics.
Global Analytical Models: Get insights into risk models, to analyze, screen and monitor individual credits and portfolios.
Multiple perspectives from qualitative to quantitative and from market-based views to fundamental analysis – on the credit quality of your portfolio.
Modes & Eligibility
Regular Mode: A candidate needs to appear for both Level 1 & Level 2 exams
Eligibility: A graduate from any stream (Undergraduate Students can register for exams but would be awarded the final certificate after graduation.)
Expert Mode: A candidate needs to appear only for the Level 2 exam.
Eligbility: CA/ FRM/ CIIA/CAIIB / CS/ ICWA/CMA/ PRM/ FRM Holders, CFA Level 2 passed candidate (USA) and above, CIWM/AIM Certification Holders / ACCA/CIMA/CPA/CMA Holders, Any other course approved by board.
The Suggested/Recommended reference book for this course is ” Certified Credit Research Analyst (Level I, AIWMI, 9789350713334,Paperback) and Certified Credit Research Analyst (Level II, AIWMI, 9789350713815, Paperback). The study material is included as part of your registration fees and are also available on leading bookstores and online portals.
AIWMI offers the examination across 5000+ Pearson VUE computer testing centers in 180 countries worldwide. Candidates can schedule exam after paying exam fees on any working day on any of the above centres.
CCRA Exam Structure
|Sr. No.||Name of Module||Type of Questions||Test Duration in minutes||No. of Questions||Maximum Marks||Pass Marks (%)||Negative Marking|
|1||Certified Credit Research Analyst (CCRA™) – Level 1||1 Mark MCQ – 40
2 Mark MCQ – 40
|2||Certified Credit Research Analyst (CCRA™) – Level 2||1 Mark MCQ – 50
2 Mark Case study MCQ – 35 (7 case studies of 5 questions each)
|Regular Mode||Expert Mode|
|Registration Fee – (5 Years validity)||Rs.47,200||Rs.35,400|
|Level 1 Exam Fee per attempt* – (3 Months validity)||Rs.3,540||Nil|
|Level 2 Exam Fee per attempt* – (3 months validity)||Rs.3,540||Rs.3,540|
*Goods & Service Tax inclusive