Business Schools

Tepper to Offer Certificate Courses for Investment Advisers


Carnegie Mellon University’s Tepper School of Business will offer coursework for investment advisers seeking one of the most respected credentials in their industry.

A Certified Investment Management Analyst (CIMA) credential proves that an adviser has the necessary training to provide objective financial advice to individuals and institutions. It is the only financial-services certification accredited by the American National Standards Institute (ANSI).

Business schools are the only institutions that offer the required curriculum to prepare for the CIMA certification. Tepper becomes the third school to offer the certification course, joining University of Chicago’s Booth School of Business and University of Pennsylvania’s Wharton School.

The CIMA curriculum covers portfolio performance, risk measurement, and behavioral finance, among other topics. Financial professionals must have at least three years of experience providing investment advice to retail or institutional clients.

Tepper’s first session is scheduled for March 24-28. The school plans to charge $5,000 for the course and expects to sign up about 30 students. Tepper decided to offer the certification program because it “fits with a core strength of the school,” according to John Lankford, executive director of executive education at Tepper.

Earning a certification isn’t easy. Out of the 1,200 candidates in a given year, only about 40 percent pass all the exams. But of those who do pass and get a certificate, 33 percent of CIMA advisers earn more than $380,000 annually, according to the Tepper website.

Francesca_dimeglio
Di Meglio is a reporter for Businessweek.com in Fort Lee, N.J.

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