![]() Good question - I'm not sure if there is any hard evidence for other credentials. Praesto.Has there been any evidence that credentials like the CFA actually improved professional performance? It's actually against the CFA Code of Ethics to say the charter improves performance, so I would assume there is no evidence. If I come from no name, not nationally ranked school with a 2.8 GPA and no internships but I have this certification, will I have a leg up on the guy from Harvard with a 4.0 and 3 internships at top banks? On the other hand, if I am the Harvard guy do I really need this certification or have I proven myself through successful internships & academic excellency? At the end of the day breaking into IB is a numbers game. From the consumer perspective I don't see a lot of value yet. The grandfather portion seems a bit sketchy because it feels more like a way to market that people in the industry already have the certification, while they didn't go through the formal testing. At the end of the day I personally view most certifications as profit ventures, seeking to cash in on the dreams of recent graduates. Just a few questions, definitely not trying to beat up the certification. Did you guys intend to keep the pass rate low to mimic other financial certifications low pass rate? Is there a minimum passing score, or is it arbitrary like the CFA? Is this a test of productivity? If not I don't understand the last line. That being said, I think it's another signal to potential IB employers that you are dedicated to learning the IB body of knowledge and can be trusted to be a productive employee from day 1. ![]() Studying for the IBP Exams is time intensive and not easy to pass (our latest pilot passed 31%). :I definitely don't think the credential is for everyone. I think many of those questions will be answered by this article, but I'm happy to expand on anything you find or don't find in the FAQs or anywhere on the IBP Institute site.Īlso, please feel free to reach out to me over PM or directly at if you prefer to ask your questions in private. I assume many members of the community will have questions around the credential and if it makes sense for them. I'm happy to answer questions in this thread. To learn more about the IBP Institute leadership, please read here. Matchett and Financial Edge Training, Matan Feldman and Wall Street Prep, John Tjia, David Resnick, Gregory Fleming, Mitchell Hara, Joseph Marren, Diana Giddon, David Connal, Louise Pitt, David Mell, Ben Sopranzetti and many others to improve our industry and open the doors to a wider pool of talented candidates. To learn more about the IBP Career Center and candidate benefits, please click here. I am personally very excited about the credential because I know it will open the doors to many motivated students that don't fit the traditional investment banking "prototype" (what I see on WSO all the time) and will also help employers find the most motivated and talented employees. To learn more about the IBP Program and exam itself, please visit here. The IBP Exam is a rigorous test and will require between 150-250 hours of study (the exams include financial modeling in Excel) with the goal of developing a test that is indicative of success on the job - specifically in IB.įor more details on the exam topics, please view the Exam Topics Document here. The IBP Institute is dedicated to building a respected credential for the investment banking industry - similar to the CFA for Investment Management and the FRM for Risk Managers. This initiative has been in the works for years with pilots running at investment banks over the past few summers and we're excited to finally open registration (first public IBP Exam to be administered June 16, 2018). I am excited to announce the launch of the IBP Institute and the Investment Banking Professional Credential to the public.
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