Certified International Investment Analyst (CIIA®)

Certified International Investment Analyst (CIIA®) is an internationally recognised advanced professional qualification for individuals working in the finance and investment industry.

Legal requirements

Each day the mandatory requirements from domestic and international regulators emphasize the role of certifications such as CIIA® for professionals who want to develop a career in financial markets. This trend is especially true for young professionals with moderate or no experience in the market. The CIIA® certification will help you greatly to be able to work in this industry and raise your level as a financial executive.

Your Mark of Superior Knowledge and Skill

Essential skills and knowledge is required in the subject areas of:

  • Equity Valuation and Analysis
  • Fixed Income Valuation and Analysis
  • Derivative Valuation and Analysis
  • Economics
  • Corporate Finance
  • Financial Accounting and Financial Statement Analysis
  • Portfolio Management

Opening Doors to International Finance and Investment

Achieving the CIIA® holder status provides you with the recognition of a superior standard of applied knowledge that is essential for working in domestic and international investment markets.

CIIA® is the passport you need as employers recognise the advantage of hiring mobile professionals with qualifications that will enable them to work in any international financial centre.

Better employment prospects

CIIA® holders have a much higher employment rate than the sector mean, since they have greater and more valuable skills, knowledge and legal backing in their applications.


  • Recognized in 34 countries and accepted by employers and international regulators.
  • Combines an International applicable Common Knowledge Base with local regulations and market practices.
  • International common exams prepared by experts from the A CIIA® members societies.
  • Use of mother tongue: Candidates have the option of studying and sitting for exams in 11 different languages (Chinese, English, French, German, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish).
  • Supervision of the International Examination Committee (IEC) that ensures the strictness of the tests.
  • Candidates can apply for admission to the CIIA® exams through any participating national/regional society
  • Exams can be taken in any country where an A CIIA® member exists (additional exam centres are organised in London and New York)
  • Two exam sessions per year for each level
  • Students can enrol also for partial exams
  • Online and classroom training programs with the support of the National/Regional Societies.
  • Ethical Code of professional behavior


The common knowledge exams are divided into two levels – the Foundation and Final Level. Examined are essential skills and knowledge required for professionals working in investment markets common in all countries.

The national / regional exam is set by individual national / regional societies and examines knowledge of specific markets. Covered are the legal, regulation, taxation, local market practices and the cultural environment of the financial market of study.

Foundation level:

Exam Format: Multiple choice, calculation, discursive and short essay questions.

Exam 1 3H10 Equity valuation and analysis
Financial accounting and statement analysis
Corporate Finance
Exam 2 2H40 Fixed income valuation and analysis
Exam 3 3H10 Derivative valuation and analysis
Portfolio management

Graduates who already have relevant qualifications may be exempt from the Foundation Level exams. Contact your local national / regional society for further details.

Final level

Exam Format: Full and mini-case study questions and in-depth essay.

Exam 1 3H Corporate finance
Financial accounting and statement analysis
Equity valuation and analysis
Exam 2 3H Fixed income valuation and analysis
Derivative valuation and analysis
Portfolio management

National / Regional Exam

Set by individual national/regional societies and examines knowledge of specific markets. Covered are the legal, regulation, taxation, local market practices and the cultural environment of the financial market of study.

Exam 1 3H Regulation
Financial statements analysis
Market structures and instruments

Reference Book

Candidates will be given access to the course manual (of which depends on which examination paper(s) of the CIIA® Final/Foundation Examination they have enrolled for) via the Study Platform Online Tool (SPOT) after they have successfully enrolled for the CIIA® Final/Foundation Examination. More information about the reference readings is available here

Exam Details

AIWMI offers the CIIA® examination at selected centres in India. Candidates should check the availability of exam centre with AIWMI before paying exam fees. The upcoming exam dates can be found here

Fee Structure

Particulars Amount (Rs)
Registration Fee Rs. 29500
Exam Fee (Foundation) Rs. 17700
Exam Fee (Final) Rs. 51920
Exam Fee (National) Rs. 5900
Total Rs.1,05,020

* Fee inclusive of Taxes

Experienced Qualified Candidate (EQC) Route:

Particulars Amount(Rs)
Registration Fee Rs. 29500
Exam Fee (Foundation)
Exam Fee (Final) Rs. 51920
Exam Fee (National)
Total Rs. 81,420

* Fee inclusive of Taxes

Disclaimer: The Association of International Wealth Management of India (AIWMI) is an independent entity/brand and has no relation, whatsoever, with AIWM