Certified International Investment Analyst (CIIA) Final Examination

Certified International Investment Analyst (CIIA®) is an international and locally recognised advanced professional qualification for individuals wishing to work/working in the finance and investment industry.  The qualification is awarded by the Association of Certified International Investment Analysts (ACIIA)To be awarded the CIIA®, candidates must pass Common Knowledge Examinations, a National Regional Examination and proof experience working in domain of financial analysis, portfolio management, and/or financial services in general. The Common Knowledge Exams are divided into two levels, the Foundation and Final Level. Only the CIIA Final Examination is offered by the HKSI Institute in Hong Kong.

Candidates who fulfil the below enrolment prerequisites may proceed directly to the CIIA Final Examination and are exempted from the CIIA Foundation and National Regional Examinatons.

有关CIIA期终资格考试的简体中文考试详情,请看「Related Downloads」内的CIIA期终资格考试考试手册

Prerequisites

To be eligible for registration as a candidate of the CIIA Final Examination, applicants must meet the requirements of either the EQC Route or the DPE/PDFM Route, as described below:

Individuals who meet the following requirements are eligible to proceed directly to the CIIA Final Examination:

  1. HKSI Institute Ordinary Members/Fellows/Senior Fellows/Honorary Fellows; or
  2. Applicants with the following academic/professional qualifications recognised by the HKSI Institute:
  • academic qualifications such as Bachelor Degree(s) or above in accounting, business administration, economics, finance, investment management and law; or
  • professional qualifications such as CFA, CFPCM, CMA (Australia/ Canada/ US) , ACMA (UK), ACA (England & Wales/ Scotland/ Ireland/ Australia/ New Zealand/ Canada/ South Africa/ Zimbabwe), CPA (HK/ PRC/ Australia/ US) and ACCA (UK); or
  • other qualifications recognised and approved by the HKSI Institute.

EQCs must pass the CIIA Final Examination within THREE years from the month of their first eligible examination session.

 

Registration as a CIIA Registered Candidate

To enrol for CIIA Final Examination for the first time, applicants must register with the HKSI Institute as a CIIA Registered Candidate. Registration Fee of HK$1,140 is charged for CIIA Candidate registration.  For details of the application procedures, please refer to the ACIIA/HKSI Institute CIIA Final Examination Handbook (Examination in English and/or Examination in Simplified Chinese).

Examination Details and Fee

Examination Syllabus

Please download the syllabus from the Reference guide and Syllabus section of the ACIIA website.

 

Examination Structure and Fee

All examination papers of the CIIA Final Examination are in English or Simplify Chinese, and include full and mini-case study questions and in-depth essays. 

Examination

Duration

Examination Fee

Early-bird

Regular

Exam 1

  • Corporate finance
  • Economics
  • Financial accounting and statement analysis
  • Equity valuation and analysis

3 hours

HK$3,320

HK$4,160

Exam 2

  • Fixed income valuation and analysis
  • Derivative valuation and analysis
  • Portfolio management

3 hours

HK$3,320

HK$4,160

Study Support

Study Manuals

Registered candidates can download the most updated versions of the CIIA Study Manuals from the CIIA website.

 

List of References and Suggested Readings

Please download the materials from the Reference guide and Syllabus section of the ACIIA website.

Award Requirements

To be awarded the CIIA®designation, CIIA Candidates must:

  • complete the CIIA Final Examination;
  • have three-year experience working in the domain of financial analysis, portfolio management, investment, etc.;
  • become an HKSI Institute Ordinary Member or above; and
  • fulfil any other requirements prescribed by the ACIIA.
Recognitions

The CIIA® is recognised by the Securities and Futures Commission (SFC), as one of the internationally recognised professional qualifications in finance which can compensate the "recognised industry qualifications" of the SFC's competence requirements for an individual applying to be a responsible officer and/or a representative.

 

For further details regarding the CIIA® recognition, please refer to ACIIA website.

Examination Schedule
  Application Fee Application Deadline
Candidate Registration
HK$1,140 18 December 2017
5:30 p.m.
Examination Examination Date and Time Fee Fee Enrolment Deadline Enrolment Deadline
    Early-bird Regular Early-bird Regular
Exam 1 10 March 2018
9:30 a.m. - 12:30 p.m.
HK$3,320 HK$4,160 18 December 2017 15 January 2018
Exam 2 10 March 2018
2:15 p.m. - 5:15 p.m.
HK$3,320 HK$4,160 18 December 2017 15 January 2018

Notes
1. Enrolment is on a first-come-first-served basis.
2. The dates and times shown in this timetable refer to the dates in Hong Kong and the Hong Kong Standard Time as announced by the Hong Kong Observatory.
3. The timetable and fee are subject to change without prior notice.

Qualification