Certified Investement Banker - CIB

About The Program
Objectives
The Body of Knowledge
The CIB Approach
Eligibility
Skills to Succeed
For Whom
Duration
Period of Validity of Enrollment
Program Structure

About The Program

Economic liberalization and decontrol have transformed the economic landscape of India. Globalization of the economy is at the forefront of the reforms agenda of the Government. The impact of the reforms process was most pronounced on the investment banking industry. The entry of foreign investment banks like Morgan Stanley, Merrill Lynch, Goldman Sachs, Jardine Flemming, etc. has brought about the much needed professionalization in this crucial sector. The abolition of controls enabled the investment bankers to offer customized financial engineering solutions suited to their clients' requirements. Apart from tapping domestic markets, corporates are increasingly accessing the global markets. This has widened the business avenues of the investment bankers by providing newer services like loan syndication, advisory services and managing mandates for offerings of American Depository Receipts (ADRs), Global Deository Receipts (GDRs), etc. Placement of shares/bonds with Foreign Institutional Investors (FIIs) has also emerged as a lucrative business opportunity.

The CIB Program offered by SCIB is specifically designed and developed for the benefit of postgraduate students and professionals/working executives engaged or interested in the area of investment banking and corporate finance.

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Objectives

The CIB program has the following objectives :

• To develop a new body of knowledge and make it available for those seeking challenging careers in the new era of liberalization and globalization;
• To introduce participants to the financial system and capital markets both in India and abroad;
• To impart a strong conceptual foundation in investment banking;
• To give adequate exposure to emerging areas like securitization, financial engineering, infrastructure financing, etc;
• To prepare individuals capable of providing leadership to investment banking organizations operating in globalized environment.

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The Body of Knowledge

SCIB visualizes the body of knowledge of the CIB Program as covering three interrelated areas:

• The Core body of knowledge : Specialized fields and skills which are essential to business and its orderly functioning.
• The evolving concepts, techniques and strategies : Debated and tested by researchers and practitioners but not yet understood well enough to be included in the core areas.
• The frontiers : The newest ideas, speculative and often controversial, but offering the promise of practical insights into the process of analysis, and decision-making.

Ideas enter the realm of knowledge at the frontiers and gradually as they are tested and refined, move towards the core body of knowledge.

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The CIB Approach

The CIB Program follows five distinctive but inter-related approaches:

• Theoretical Studies aimed at improving candidates’ understanding of certain fundamental phenomena and relationships underlying the changing world.
• Case Studies linking the theoretical studies to the practical problems faced by investment bankers.
• Practical Exposure to industry practices takes place through a variety of activities like project work, management development programs, seminars, conventions, etc.
• Global Perspective to business by encouraging the candidates to appreciate and get exposed to the international business environment and practices.
• Ethical Focus aimed at inculcating in the candidates an ethical approach in their professional interactions and a sense of personal, corporate, and social responsibilities.

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For Whom

Keeping in mind the avenues open to candidates who take up the CIB Program, this course would be useful for:

• Finance and Accounting Professionals like CFAs, CAs, CWAs, CSs, MBAs who seek careers in investment banking.
• Professionals employed in the merchant banking departments of banks and financial institutions.
• Professionals working in the corporate finance/treasury departments of corporates/banks.
• Entrepreneurs and managers engaged in financial services and securities markets.
• Candidates pursuing professional courses like CFA, CA, CWA, CS, CAIIB, TFM, etc.
• Candidates pursuing full-time postgraduate programs in commerce, economics, mathematics, statistics and management.
• Other individuals associated with financial markets.

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Skills to Succeed

The surge of activity in investment banking requires constant monitoring and managing. To succeed in these areas, candidates should possess the following skills:

• Analytical dexterity
• Negotiation and interpersonal skills
• Ability to withstand pressure

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Eligibility

The following categories of applicants are eligible for admission into the CIB Program:

• CFAs, CAs, CWAs, CSs, CTMs and CPMs.
• Candidates with PG qualifications like PGDBA/MBA/MMS/MFC (Master of Finance & Control)/MIB (Master of International Business)/MBE (Master of Business Economics)/MCom/MA (Eco)/MSc (Maths), MSc (Stats) etc.
• The following categories of candidates are also eligible to enroll into the CIB Program, provided they are graduates.
• Candidates who passed CFA (Level I), CA (Inter), CWA (Inter), CS (Inter) or CAIIB (Part I).
• Bankers with CAIIB qualification.
• Full-time students of the PGDBA/MBA/MMS/MFC/MIB/MBE/MCom programs with business schools/University Departments, IIMs and other reputed institutions.
• Full-time students of MCom/MA (Eco)/MSc (Maths)/MSc (Stats).
• Executives having a minimum of five years working experience in executive capacity in finance/commercial banking/investment banking sector.

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Duration

The CIB Program may be completed in a period of 12-18 months.

Period of Validity of Enrollment

The enrollment of a candidate in the CIB Program is valid for three years from the date of enrollment. Candidates who are unable to complete the program within the three-year validity period, but, keen on continuing in the program, are required to register de novo.

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Program Structure

The CIB Program covers all the important topics related to investment banking. The broad areas in which the body of knowledge is developed and the candidates will be examined, are divided into Three Groups consisting of Two Parts each.

The structure of the CIB Program and details of marks and time allotted for each Part is given below:

Group/Part	Marks Allotted	Duration of Examination
GROUP A Part I : Financial Markets and Environment Part II: Economics and Corporate Finance	100 100	3 hours 3 hours
GROUP B Part III: Investment Banking I Part IV: Investment Banking II	100 100	3 hours 3 hours
GROUP C Part V : Managing Investment Banking Organizations I Part VI : Managing Investment Banking Organizations II	100 100	3 hours 3 hours

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