Certified Investment Management Analyst® (CIMA®) Certification

Program Overview

Seismic changes in financial markets highlight the need for objective, ethical investment advice from a credentialed investment professional. The Certified Investment Management Analyst® (CIMA®) Certification is the only credential of its kind designed specifically for financial professionals seeking competency as an advanced investment consultant.

Wharton has partnered with the Investments & Wealth Institute™ for more than 20 years to offer the educational component of the CIMA® certification process. The program provides the knowledge necessary to prepare you to take the final CIMA® Certification Exam, providing you with a conceptual and practical view of investment theory and practice.

Prof. Jeffrey Jaffe talks about the CIMA curriculum

Academic Director Jeffrey Jaffe talks about the CIMA® curriculum.

Program Experience

Program Highlights & Benefits

By attending CIMA®, you will:

  • Prepare for CIMA® certification — recognized by the financial services industry as the standard for advanced investment consulting — in an intensive one-week education program
  • Earn a respected credential that communicates to clients and peers your high level of competency, professionalism, and investment expertise
  • Gain enhanced knowledge and master advanced investment techniques that can improve your practice and your clients’ overall experience

Experience & Impact

In the investment world, the CIMA® certification reflects a high level of quality and credibility among your financial professional peers. The commitment and discipline required to achieve this professional designation will not only enhance your investment skills but also enable you to strengthen your relationships with clients. The education component that Wharton delivers as part of the Certified Investment Management Analyst® (CIMA®) Certification process prepares you to successfully take the CIMA® Certification Exam.

Wharton faculty — led by Jeffrey Jaffe, an expert on corporate finance, investments, and money management — apply their field-based research and the latest strategic insights on modern portfolios, as well as investment alternatives such as private equity, commodities, and hedge funds that are changing the face of investing today.

Program Structure

This education program presents a semester’s worth of material in one week and focuses on the required topics to prepare you for the CIMA® Certification Exam. In order to qualify for our program, participants must first apply and be accepted as a candidate by the Investments & Wealth Institute®. Upon acceptance, candidates can complete our education program and exam at one of several week-long programs offered throughout the year at Wharton. Through highly interactive, daily review sessions, you will learn to apply, and retain the information necessary to pass the CIMA®Certification Exam.

Topics include:

  • Modern Portfolio Theory
  • Asset Allocation
  • Manager Search and Selection
  • Investment Policy
  • Performance Measurement

Final Exam

Wharton’s education program culminates with a final exam. You must pass this exam to successfully complete the education component of the certification process. After completing this intensive program, you will be prepared to take the CIMA® Certification Exam. Participants who pass the CIMA® Certification Exam join a select group of professionals who have earned this internationally recognized credential.

Who Should Attend

The CIMA® certification program requires that you meet all eligibility requirements, including experience, education, examination, and ethics. Before registering for the Wharton education program, you must submit a CIMA® application and fee to the Investments & Wealth Institute, and undergo a background check.

Group Enrollment

To further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group enrollment benefits to companies sending four or more participants.


Jeffrey Jaffe, PhDSee Faculty Bio

Academic Director

Associate Professor of Finance, The Wharton School

Research Interests: Corporate finance, investments, money management, and the effects of information on the behavior of security prices

A. Craig MacKinley, PhDSee Faculty Bio

Joseph P. Wargrove Professor of Finance, The Wharton School

Research Interests: Asset pricing models, behavior of futures prices, econometric modeling, stock market behavior

Richard Marston, PhDSee Faculty Bio

James R. F. Guy Professor of Finance, The Wharton School

Research Interests: Foreign exchange risk management, international asset pricing, international investments


Christopher QuinleyLiang & Quinley Wealth Management

Robert LunaCEO, Surevest Wealth Management

I was interested in the CIMA certification and am very glad I chose Wharton’s program. I gained a lot of practical insights from the course that will help me with my exam and my role at UBS analyzing investments and portfolios. In addition to all the detailed terms presented in the class, I learned what to look for in a fact sheet and how to approach wholesalers and evaluate a financial product when they pitch it to me. Wharton’s presenters were great — very knowledgeable and easy to understand. Listening to them gave me an academic perspective that made me want to learn more. I’ve already recommended Wharton’s program to colleagues in investment sales and strategy."

Veronica AlardWealth Strategy Associate, UBS International

The week I spent in this program was one of the more productive weeks of my career. The program is a near-perfect blend of diverse faculty, current and relevant theory, and solid fundamental strategic analysis. The tools I acquired will pay dividends for years to come."

Shane PeeryChief Financial Officer, Cherokee & Walker, Inc.

Attaining my CIMA certification is about building more credibility with clients and peers. Being able to interpret attribution and formulating your own commentary allows for more independent thought when discussing our investment strategies and providing insight on how it may fit into a client’s portfolio. I always understood the basic concepts of this material, but after my Wharton experience, I really knew it and could define it in intricate detail. Now I can dig deeper into the numbers and fully explain the returns and process, and how our strategies may complement a client’s portfolio in a clear and defined manner.

It was a complete and total professional experience. Wharton’s faculty was very detail-oriented. The time and effort Wharton put into the overall planning of every aspect of this class was impressive. The peer interaction across the board was also impactful — you had many other asset managers and advisors ranging in age from their late 20s to the early 50s. The diversity of the points of view in the program was invaluable."

Andrew CiproAssistant Vice President, Scout Funds

Dates, Cost, & Location

October 1 - 5, 2018Philadelphia, PA$6,850

January 28 - February 1, 2019Philadelphia, PA$6,850

April 1 - 5, 2019Philadelphia, PA$6,850

June 24 - 28, 2019Philadelphia, PA$6,850

Download the program schedule, including session details.

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Logistics Information

Tuition for programs in Philadelphia includes lodging and meals. Prices are subject to change.

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Contact Us

If you are interested in starting the CIMA® certification process, or for more information about the Investments & Wealth Institute™'s advanced certification qualifications, please contact the Institute directly via email or by phone  +1.303.770.3377.

Schedule a personalized consultation with Wharton Client Relations to discuss your professional goals.



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