Executive Education

Certified Investment Management Analyst® (CIMA®) Certification

CIMA® certification is the only credential designed specifically for financial professionals who want to attain a level of competency as an advanced investment advisor or consultant. Chicago Booth is a Registered Education Provider for the education program requirement in the certification process.

Education Program Dates:

February 2019. Please check back for specific dates. If you'd like to join Booth's mailing list and get notified when dates are posted, please fill out our request form.

The Booth Advantage 

Program format - a hybrid approach
For a comprehensive learning experience, candidates will gain access to course content in multiple formats: live online, on demand, and in person.  You will begin the program by attending several pre-course sessions live online before launching into the on-demand content.  Woven throughout the course, live problem-solving sessions online allow you to apply concepts in real-time, get your questions answered, and keep your study on track.  The program concludes with an optional last chance boot camp, a 2-day session in downtown Chicago.      

Valuable mix of top Booth faculty and experienced practitioners
Given the extensive CIMA curriculum, our program assembles seven experts to cover the content–a number that is unmatched by any other education provider. The program is taught by top Booth faculty as well a CIMA professional.

The Chicago Approach™
Our faculty will challenge you to question assumptions, separate fact from fiction, and analyze information – and to recognize when it’s time to reevaluate. You will receive clear instruction and access to a curriculum designed to build a solid understanding. It is an approach with a proven track record: more than 85% of candidates who have studied at Chicago Booth have earned their CIMA.

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John C. Heaton

Joseph L. Gidwitz Professor of Finance

John C. Heaton studies asset pricing, portfolio allocation, and time-series econometrics. He was first drawn to this area because he was "intrigued by the idea of understanding economic phenomena both to guide policy and to help people make better decisions." His research in these areas has earned him numerous fellowships, including an Alfred P. Sloan Research Fellowship from 1993 to 1995.

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Lubos Pastor

Charles P. McQuaid Professor of Finance

Lubos Pastor is Charles P. McQuaid Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Centre for Economic Policy and Research. In addition, he serves as an Associate Editor of the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.

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Pietro Veronesi

Roman Family Professor of Finance

Professor Pietro Veronesi has been a part of the University of Chicago's teaching faculty since 1997, and currently is the Roman Family Professor of Finance and Robert King Steel Faculty Fellow. Veronesi conducts research that focuses on asset pricing, stock and bond valuation under Bayesian uncertainty and learning, and equilibrium models of return predictability. Veronesi is a research associate of the National Bureau of Economic Research and a research fellow of the Center for Economic and Policy Research.

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Ira S. Weiss

Clinical Professor of Accounting and Entrepreneurship

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.

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Kathleen Fitzgerald

Adjunct Associate Professor of Strategic Management

Kathleen Fitzgerald 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.

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John Nersesian

CFP®, CIMA®, CIS, CPWA®, Managing Director

An experienced financial advisor to corporate executives, affluent families and non-profit organizations, John was a First Vice President of Merrill Lynch Private Client Group prior to joining Nuveen Investments. While at Merrill Lynch he was also a leader of Advanced Training for Financial Consultants, providing training in comprehensive wealth management strategies and business development practices. He received a B.S. in Business and Economics from Lehigh University.

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

Excellent program with in depth analysis of calculation needed for course material.

- Robert Filetti, Robert Baird

 This class was far above my expectations.  This is a great value for the cost.

- Alicia Frye, Regional Business Consultant, Symmetry Partners

There are very few people that I have met that have a true depth of knowledge in their field.  Kathleen is one of them.  She is amazing in her understanding of the concepts.

- Program past participant

Program Outline 

Precourse Content (Live online and recorded)

  • Time value of money
  • Basic statistics
  • Calculating returns
  • Risk measures and risk versus return basics
  • Applied finance and economics
  • Global capital markets history and valuation

Course Content (On demand)

  • Portfolio theory and models
  • Investment vehicles
  • Investment philosophies and styles
  • Options, futures, and other derivatives
  • Fixed income
  • Behavioral finance
  • Formulating tax-efficient strategies
  • Performance measurement
  • Portfolio construction and consulting process

Problem-Solving Sessions (Live online and recorded)

  • Held weekly over approximately eight weeks

Optional Last Chance Boot Camp (In person)

  • Held quarterly over a weekend in downtown Gleacher Center campus
  • Offered just prior to a CIMA exam period

Since April 2011, CIMA® certification has been recognized as the only financial services credential in the US to meet an international standard for personnel certification (ISO 17024) and earn accreditation by the American National Standards Institute.

Administered through the Investments & Wealth Institute®, CIMA® certification is the only credential designed specifically for advanced investment consultants. CIMA certification signals that a professional has completed the rigorous program and has achieved a high level of competency, professionalism, and investment expertise. Chicago Booth is a Registered Education Provider for the education program requirement in the certification process.

Steps to Certification:

The CIMA certification program requires that candidates meet all eligibility requirements, including experience, education, examination, and ethics.

Step 1: Submit CIMA Certification program application to the Investments & Wealth Institute
Step 2: Complete Booth CIMA education program
Step 3: Pass certification examination
Step 4: Sign licensing agreement and adhere to the Investments & Wealth Institute Code of Professional Responsibility and Rules and Guidance for use of the marks

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 Investments & Wealth Institute directly at (303) 770-3377 or visit www.investmentsandwealth.org.