Self-Study Capital Markets & Securities Analyst (CMSA)™

Learn the most critical knowledge and skills required to become a world-class capital markets analyst including equities, fixed income, foreign exchange, commodities, and derivatives.

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Full Access to all CMSA™ CFI Courses

Never expires and gives you access to professional Wall Street training material. 18 courses (9 available now) and certificates included. Free access to all future courses and updates.

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Curriculum

Prerequisites (Optional)

CMSA Badge
Course Course Code Study Hours
Financial Math for Capital Markets CMSA 102 1-2
Economics for Capital Markets CMSA 103 3-4
Bloomberg Essentials CMSA 104 1-2

Core Courses (Required)

CMSA Badge
Course Course Code Study Hours
Introduction to Equity Markets CMSA 201 5-6
Fixed Income Fundamentals CMSA 202 3-4
Introduction to Foreign Exchange CMSA 203 4-5
Introduction to Commodities CMSA 204 3-4
Trading Using Technical Analysis CMSA 205 4-6
Introduction to Derivatives CMSA 206 2-3
Intermediate Options CMSA 211 4-6
Intermediate Swaps CMSA 212 4-6
Intermediate Futures & Forwards CMSA 213 4-6
Intermediate Fixed Income CMSA 214 4-6

Elective Courses (Required)

CMSA Badge
Course Course Code Study Hours
High Yield Bonds, Subordinated Debt, and Loans CMSA 221 4-5
Convertible Bonds CMSA 222 4-6
Short Duration Products CMSA 223 4-6
Hedge Fund Strategies CMSA 224 4-6
Behavioral Finance CMSA 230 3-4

Our Students

Trusted by 300,000+ Students working for some of the biggest companies in the world

See what some of our students say on LinkedIn!

Ihor Kukhar
Financial Modeling and...
Hey folks, After 6 months of studying, 19 courses, and over 900 lessons, I have finally completed Corporate Finance Institute® (CFI)’s Certification Program. I would definitely recommend it to anyone that is looking to get a deeper insight into Valuation,...
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Stephen Moerane
Director Of Special Pr...
Today marks a very important milestone in my educational journey. I have been looking for a way to get into Finance but hadn't been able to identify a credential that would do the job without interrupting my work schedule. Thank...
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Adam Thiébaut
FMVA™ | CFA™ level 1 c...
Got it!! I've just finished to complete the 6 pre-requisite courses, the 9 core courses and the 3 elective courses to get the Holy Grail certification. I am already hyped about the other certifications that #cfi might be launching soon....
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Brandon J. Casama...
Bank Loan Settlements ...
Big thank you to Tim Vipond for this incredible course. After much hard work, I now possess valuable financial modeling capabilities such as building discounted cash flow models, building dynamically linked 3-statement models, and building multi-year forecasts to project income...
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German Rivera Per...
Corporate Finance Chief
After almost six months of courses, finally I have achieved the #FMVA ( Financial Modeling and Valuation Analyst) Certificate from Corporate Finance Institute® (CFI) . I want to thank Tim Vipond, FMVA® Scott Powell and all people from Corporate Finance...
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Endorsed by the Global Corporate Finance Society

The GCFS board regularly audits the CMSA™ program to ensure relevancy and industry standards are being met. By regularly examining course curriculum, the GCFS board is able to ensure CFI courses include the latest possible trends.

Tuition Options for the CMSA™ Program


CMSA™ Self-Study
Current Page
CMSA™ Full Immersion
All 18 Courses (9 Available Now)
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CMSA™ Certification
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Lifetime Access
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Financial Models & Templates Library
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Quizzes, Assignments, and Tests
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Excel, PPT, and PDF Files
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Study at Your Own Pace
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Digital Blockchain Verified Certificate
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Premium Templates
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Premium Email SupportReceive premium one-on-one email feedback from our qualified financial analysts, for up to 5 CMSA-related questions per week
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Model Review & FeedbackReceive CMSA course-related model feedback from qualified financial analysts once per week
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Résumé & Cover Letter ReviewReceive a comprehensive resume and cover letter review once per month
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One FREE Financial Modeling Competition Entry
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Physical Certificate PrintingIncludes shipping and delivering the certificate to your location anywhere in the world.
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BIDA™ Beta Course AccessAccess soft launch courses before anyone else.
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CFI Program Discounts20% off FMVA®, CBCA™ & other programs
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CMSA Badge

CMSA™ Full Immersion

+
All 18 Courses (9 Available Now)
+
CMSA™ Certification
+
Lifetime Access
+
Financial Models & Templates Library
+
Quizzes, Assignments, and Tests
+
Excel, PPT, and PDF Files
+
Study at Your Own Pace
+
Digital Blockchain Verified Certificate
+
Premium Templates
+
Premium Email Support 
+
Model Review & Feedback 
+
Résumé & Cover Letter Review  
+
One FREE Financial Modeling Competition Entry
+
Physical Certificate Printing 
+
BIDA™ Beta Course Access 
+
CFI Program Discounts 
$847

CBCA™ Self-Study

Current Page

+
All 18 Courses (9 Available Now)
+
CMSA™ Certification
+
Lifetime Access
+
Financial Models & Templates Library
+
Quizzes, Assignments, and Tests
+
Excel, PPT, and PDF Files
+
Study at Your Own Pace
+
Digital Blockchain Verified Certificate
-
Premium Templates
-
Premium Email Support 
-
Model Review & Feedback 
-
Résumé & Cover Letter Review 
-
One FREE Financial Modeling Competition Entry
-
Physical Certificate Printing 
-
BIDA™ Beta Course Access 
-
CFI Program Discounts 
$447

Frequently Asked Questions

What payment methods do you accept?
We accept all major credit and debit cards including Visa, MasterCard, and American Express. Our payment processors include Stripe and PayPal. We also accept bank wire transfers if requested by email.
Technical Requirements
An Internet connection is required to take this program, including the ability to play audio as courses include voice lectures. Please make sure there are no firewalls set up that block access to certain features of the training.
CFI strongly suggests that students have the following technology in order to successfully complete projects and assignments online:
  • PC or Mac
  • Familiarity with basic Internet applications (email and web browser)
  • A recent version of Firefox, Chrome, Safari, Microsoft Internet Explorer, or another web browser
  • An updated version of Microsoft Excel (all courses use Excel 2016)
More Questions?
Please Email us and we'll be happy to answer any of your questions!

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Get lifetime access to over 100 hours of professional Wall Street training material and all future course upgrades.