The Chicago Booth CIMA® Education Program brings together top faculty, experienced practitioners, and a comprehensive curriculum designed to help you achieve CIMA certification and excel in your day-to-day investment practice.
The Chicago Booth CIMA Education Program is a CIMA Certification Registered Education course* that offers an online, blended learning experience for your convenience. This flexible format allows you to work at your own pace and provides you the opportunity to engage with Booth faculty through a live, recorded virtual classroom environment.
The Chicago Booth CIMA Education Program provides learnings that go beyond test preparation and covers important investment concepts at an in-depth level. Our approach provides you with clear instruction, real-world examples, ample practice, and access to a curriculum designed for success.
A true hybrid program, the Chicago Booth CIMA Education Program offers a combination of live online preparation and review sessions, on-demand recorded content sessions, and a recommended 2-day in-person session.**
1. Online, Live Instruction (required)
These sessions are recorded for offline viewing, but we highly recommend you attend these live sessions to stay on our recommended study schedule.
2. On-Demand Instruction (required)
3. In-person Instruction (recommended)**
This program is approved for 28 hours of CE credit for CFP® certification. The Investments & Wealth Institute is a CE Quality Partner of CFP Board and the sponsor of the education.
*INVESTMENTS & WEALTH INSTITUTE® is a registered mark of Investment Management Consultants Association Inc. (“IMCA”) doing business as The Investments & Wealth Institute (“The Institute”). CIMA® and CERTIFIED INVESTMENT MANAGEMENT ANALYST® are registered certification marks of IMCA d/b/a The Institute. As described in the CIMA Candidate Handbook, completion of an executive education program offered through a Registered Education Provider does not result in attainment of the CIMA certification nor does it award use of the certification marks. Completion of an executive education program results in a candidate becoming eligible to sit for the CIMA Certification Exam and thereafter to complete the remaining steps for certification.
**The April 2021 workshops will be conducted virtually with live instruction.
CIMA certification is beneficial for experienced financial professionals from a variety of backgrounds and business models, including financial advisors, investment consultants, analysts, wealth management professionals, national and regional broker-dealer representatives, and bank/trust employees. The Booth program is open to CIMA candidates in good standing.
Investments & Wealth Institute helps eligible individuals who are passionate about growing their career through advanced education. To learn more, please visit the Investments & Wealth Institute website.
Kathleen Fitzgerald is known at the University of Chicago as a superb educator. She brings a remarkably wide array of experience as an educator and a practitioner to the classroom. She has taught courses in Investments, Corporate Finance, Financial Accounting, Money and Banking, International Finance and Financial Management.
She is currently teaching for the University of Chicago Booth School of Business and the University of Chicago Law School. Her past experience includes the University of Massachusetts, Rochester Institute of Technology, and several Universities in Barcelona, Spain.
Kathleen also holds the position of Director of Academic Support at the University Of Chicago Booth School Of Business in Chicago, London and Hong Kong in which she prepares students of Chicago Booth Executive MBA program for the rigors of Chicago’s quantitative approach to finance, economics, statistics, and marketing.
Her professional experience includes auditing and tax consulting at Ernst & Young, LLP and forensic accounting consulting at Chicago Partners.
Kathleen graduated from the University of Massachusetts in Amherst with a Bachelor’s Degree in Economics in 1990 and a MBA in 1994. She passed the Unified C.P.A. examination in 1994 and holds a Masters in Business Administration from the University of Chicago.
Lubos Pastor is Charles P. McQuaid Professor of Finance at the University of Chicago Booth School of Business. At Chicago Booth, he also serves as Co-Director of the Fama-Miller Center for Research in Finance, Director of the Center for Research in Security Prices (CRSP), and a member of the CRSP Indexes Advisory Council. Outside Chicago Booth, he is a member of the Bank Board of the National Bank of Slovakia, Research Associate at the National Bureau of Economic Research, and Research Fellow at the Centre for Economic Policy and Research. He has served as President of the Western Finance Association and Director of the American Finance Association. He is an Associate Editor of the Journal of Financial Economics and a former Associate Editor of the Journal of Finance and the Review of Financial Studies.
Professor Pastor’s research focuses mostly on financial markets and asset management. He has written on a broad range of topics such as liquidity risk, political uncertainty, stock price bubbles, stock volatility, return predictability, technological revolutions, income inequality, populism, portfolio choice, performance evaluation, returns to scale in active management, indexing, learning, and IPOs. His articles have appeared in the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, Review of Financial Studies, and other outlets. His research has been awarded numerous prizes, such as two Smith Breeden Prizes, three Fama/DFA Prizes, Whitebox Advisors Selected Research Prize, Goldman Sachs Asset Management Prize, Barclays Global Investors Prize, Rothschild Caesarea Center Best Paper Award, Jacobs Levy Center Best Paper Prize, two Geewax, Terker & Co. Prizes, two Marshall Blume Prizes, the NASDAQ Award, the QMA Award, and the Q Group Award.
Using primarily observational data, Pope studies how psychological biases play out in field settings and economic markets. Examples include left-digit bias and projection bias in car markets and time inconsistency in housing markets.
Prior to joining the Chicago Booth faculty in 2010, Pope was on the faculty at the Wharton School at the University of Pennsylvania. He earned a PhD in economics from UC Berkeley in 2007 and a BA in economics from Brigham Young University in 2002.
Veronesi conducts research that focuses on asset pricing, stock and bond valuation under uncertainty, bubbles and crashes, return predictability and stochastic volatility. Most recently, he has been interested in studying, both theoretically and empirically, the interaction between government interventions and the behavior of asset prices. His work has appeared in numerous publications, including the Journal of Political Economy, American Economic Review, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He is the recipient of several awards, including the 2015 AQR Insight award, the 2012 and 2003 Smith Breeden prizes from the Journal of Finance; the 2008 WFA award; the 2006 Barclays Global Investors Prize from the EFA; the 2006 Fama/DFA prizes from the Journal of Financial Economics; and the 1999 Barclays Global Investors/Michael Brennan First Prize from the Review of Financial Studies.
Professor Veronesi teaches both masters- and PhD-level courses. He is the recipient of the 2009 McKinsey Award for Excellence in Teaching.
His undergraduate work was in economics at Bocconi University where he received a laurea magna cum laude with honor in 1992. He earned a master's degree with distinction in 1993 from the London School of Economics. He joined the Chicago Booth faculty upon obtaining his PhD in Economics from Harvard University in 1997.
Ira Weiss specializes in tax strategy, financial accounting, mutual fund taxation, and private equity investing. He teaches advanced MBA courses in both tax strategy and entrepreneurship at Chicago Booth, and helps support the entrepreneurial community through his work as the Faculty Director of Hyde Park Angels, an angel investing group affiliated with the Polsky Center for Entrepreneurship.
Weiss has been the recipient of numerous teaching awards, and his research has appeared in the Wall Street Journal and on CNN, as well as in the Journal of Accounting and Economics and Review of Accounting Studies.
Weiss feels it is important for students in his tax class to walk away knowing how to structure business decisions in the most tax-efficient manner, taking into account all other costs. He cites one significant use for the tools he teaches in class: learning how to structure merger and acquisition transactions. Students also learn many useful tax planning techniques for their personal financial decisions, such as whether they can deduct the cost of MBA tuition off their taxes. While teaching taxes and business strategy, he often is able to include some of the structures from real private equity deals to demonstrate the power of effective tax planning.
Weiss has held positions at the accounting/consulting firms of Ernst & Young and Coopers & Lybrand, and serves on the boards of Concerro and Retel Technologies.
He earned a bachelor's degree in accounting from the University of Illinois in 1992. He received an MBA in 1999 and a PhD in 2001, from the Chicago Booth. He holds a CPA from the state of Illinois.
Outside of the classroom, he enjoys college basketball, mountain biking, Middle East politics and religions, and neuro-linguistic programming.
John Nersesian is head of advisor education at PIMCO, providing advanced wealth management and investment consulting education to financial professionals. Prior to joining PIMCO in 2019, he was senior managing director of wealth management services for Nuveen Investments. Previously, he was a first vice president at Merrill Lynch Private Client Group, where he also led advanced training for financial consultants. He served as a board member of the Investments and Wealth Institute (IWI, formerly IMCA) from 2006–2017 and as chairman for the 2014–2015 term, and he is a faculty member for the IWI Certified Private Wealth Advisor (CPWA) and Certified Investment Management Analyst (CIMA) education programs held at Yale University and The University of Chicago. He has 35 years of investment and financial services experience and holds an undergraduate degree in business and economics from Lehigh University.
Course Content: Modules 5-12 (on demand)
Weekly Review and Problem Solving Sessions (live online and recorded)
Chicago Booth Final Assessments (online)
Recommended: Chicago Booth Certification Exam Prep Workshop (live online and recorded)
How do I earn CIMA certification?
If you have not yet begun the CIMA certification process or would like more information about the Investments & Wealth Institute's advanced certification qualifications, please contact the Institute directly at (303) 770-3377 or visit www.investmentsandwealth.org.
When can I take the CIMA Certification Exam?
Candidates who have completed the education program must sit for the Certification Exam within a 90 day scheduling window. If you are unable to sit for the exam in this specified window, a rescheduling fee is required to open a new 90 day exam scheduling window. You may sit for the exam as often as necessary, but retesting fees apply, and there is a 30 day wait period between exam attempts.
What materials are provided?
You will gain access to multiple resources including: live online sessions, lecture videos and notes, online quizzes, numerous practice problems, and background readings including online access to two textbooks: Investments (12th ed.) published by McGraw-Hill and The Investment Advisor Body of Knowledge published by Wiley.
How do I join the live sessions online?
You will need to be able to access and use WebEx. These sessions are recorded for offline viewing, but we highly recommend you attend live to stay on our suggested study schedule.
How many hours of study per week can I expect?
There is a considerable amount of material covered in this course, and you can expect to spend an average of 10-15 hours of work per week. We provide you with a course checklist and roadmap for success as we move through the material. After successfully completing the program, you should also plan to spend additional time studying for the CIMA Certification Exam. The Chicago Booth CIMA Certification Exam Prep Workshop is designed to help you prepare for this exam. In total, it takes most candidates 4-6 months to complete the certification process.
What if I don’t pass the Booth final exam online?
If you do not pass on the first try, you may take it again, but we recommend that you study for one week in between attempts. The maximum number of attempts is five. If you do not pass within five attempts, we will have a discussion about how to proceed.
How long will I have access to the course?
You have access to the program materials for one year from the course start date. We highly recommend, though, that you complete the course and the Certification Exam well before the one-year period. From our experience, the more time that passes after the education program finishes, the less likely it is that a candidate will complete CIMA certification. If you don't complete the education program within one year, you have the option to reenroll and pay a reduced tuition fee.
Will I receive a certificate of completion from Chicago Booth?
Yes, we will provide a certificate of completion after you have passed the Booth exam and successfully completed the Chicago Booth CIMA Education Program. In addition, we will provide a digital badge that serves as a certified online credential of your accomplishment and recognition of your achievement and can be shared among social networks, such as LinkedIn.
Is the education program approved for CE credit?
Yes, this program is approved for 28 hours of CE credit for CFP® certification. The Investments & Wealth Institute is a CE Quality Partner of CFP Board and the sponsor of the education.
Is remote access available for the CIMA Certification Exam Prep Workshop?
Yes, the April 2021 workshop will be conducted virtually with live online instruction. When future workshops resume in-person, accommodations can be made for virtual access if candidates are unable to travel due to the pandemic.
I was very impressed with the Chicago Booth CIMA Education program. I found the material to be very relevant and helpful. I thoroughly enjoyed all the video lectures, and all the professors did a fantastic job explaining very complex topics in a short time frame, breaking it down to the most important concepts in easy to digest segments.
Kathleen is an amazing teacher. I've taken many classes in many different settings and it's rare to find a teacher as enthusiastic, caring, and knowledgeable as Kathleen. It was obvious from the beginning that she wanted us to all succeed and she wanted to make sure that we understood all the material, not just what we needed to know for the exam. She created a warm and welcoming environment — not an easy task in a remote learning setting. She was patient, kind, and funny — never once making anyone feel uncomfortable for asking a question. She took the time to make sure we understood the material and how to apply it and has a knack for explaining difficult concepts! Upon completing the program, I took and passed the CIMA exam. I am very grateful for the opportunity to learn in such an amazing environment with a wonderful group of talented and intelligent professors!
- Mary J. Thompson, CFP®, Founder, ReFrame Financial Planning
I had a great experience studying for the CIMA exam through the University of Chicago Booth School of Business Education Program. I was amazed at the quality of the content, the expertise of the professors, and the structure of the program. The online modules and videos made it easy for me to both stay on track and also work at my own pace. I encourage anyone who is taking the CIMA exam to consider Chicago Booth for your preparatory course.
- Logan Jones, CFP®, CIMA®, Financial Advisor, Everhart Advisors
I would definitely recommend this program to a colleague because I am a big believer in process and discipline, and if you follow the UC Booth process, attend live classes, complete the readings and videos, do the practice problems each week, you will pass the exam. UC Booth has discovered a formula for success and strikes a good balance between helping you understand the information from an academic perspective while knowing key focus areas for the exam.
Also, I felt the material was extremely relevant to working with clients and immediately applicable in my own job. It is great to have a class that you spend months with that has diverse experiences and roles within our industry. This allows us to network and build out lifelong connections after the program is over.
- Greg Goin CFP®, CIMA®, CLU®, CRPC® Advisory Solutions Director
The best part of the Booth program was the scope and thoroughness of the course. We covered a lot of material that I will be able to meaningfully utilize at our practice and in my role. The instructors were great and I thought that the hybrid model allowed for flexibility and studying at your own pace.
- Owen McCabe, Director, Astra Wealth Management Group
Chicago Booth’s history of achievement in the areas of finance and theory were the reason I choose Booth.
- John DeGroft, Senior Vice President, Merrill Lynch
The class was excellent and gave me ideas I can use to improve my business.
-Jeff Martin, President, KDM Investment
The rigor was exceptional. The challenge makes this a truly career/education enhancing building block. Wonderful to get exposure to U of C – professors/staff and curriculum.
- Cheryl Snook, AVP, Financial Advisor, Morgan Stanley
Robust curriculum, thoughtfully designed and masterfully taught. Thank you Chicago Booth! You have more than exceeded my expectations!
- Era Yoo, SVP, Northern Trust
This class was far above my expectations. This is a great value for the cost.
- Alicia Frye, Regional Business Consultant, Symmetry Partners
The University of Chicago has a well-planned approach to teaching the CIMA curriculum. All of the important concepts are covered in a clear, concise format. The professors really want to make sure you understand the material and go to great lengths to provide intuition behind some of the math concepts. The class is very interactive and the faculty make themselves easily accessible throughout the class. I strongly recommend this program to anyone considering attaining the designation.
- Todd Muentzer, CIMA®, ETF Specialist
This was a great overall experience. Kathleen does a great job presenting and reviewing the content. It was also beneficial to connect with other students preparing for the exam.
- Jon Maldonado, Financial Advisor, UBS Financial Services