Curriculum

NYIF Curriculum www.nyif.com/curriculum

WELCOME LETTERThis prospectus is a little different from those created by other learning institutions. And so are we. We are the New YorkInstitute of Finance and we will change how you look at finance education.

Finance education when carefully chosen, gives you many positive options in your career and every choice you make has aresult. Thats why we work with you to create your personalized Career Stream, to ensure you make the right educationaldecisions. Your personal Career Stream will provide a clear picture of your career options. It will help you understand whatcompanies could employ you, what salaries you can expect to earn, what roles you will be qualified for. Also what skills you willdevelop, what people you will be connected to, and what professional qualifications you can attain. We want you to fullyunderstand the lifetime return that investment in your education with NYIF will give you. Thats what our Career Streams do andthats why we are proud to be different.

SO WHAT EXACTLY IS A CAREER STREAM?Career Streams link our educational databases to industry, job, salary, and alumni data. This allows us to help you make senseof your choices and their potential outcomes into the future. We also map our curriculum to multiple professional designationssuch as the CFA, CIIA, FRM, Series 7, CPA, and MTA. That way, you know exactly when you will be ready to take thoseprestigious exams too.

Simply email or call to book an appointment with one of our Career Stream Advisors. They will work with you to create apersonal Career Stream plan based on your work history, career aspirations, and available study timeline. You have theflexibility to take breaks, learn in planned chunks, or execute on your Career Stream in one full stretch. We will help youcarefully plan your educational investment and then guide you to deliver on that plan.

If you like it, please share it. Learning is better shared!

Our Warmest Regards,

Lee Arthur.Managing Director, New York Institute of Finance

330 Hudson 330, 8 fl, New York, NY 10013 Phone: +1 212 641 6616 Page 1


OUR HISTORYTRUSTED, THEN AND NOWIn the small village of Elmvale, Ont., near Toronto, the water is said to be cleaner than the ice layers in the Arctic. There, you willsee the natural wells of Springwater Township. Like those wells, NYIF is the purest source of finance education in the securitiesindustry. It remains the finest. Born out of the New York Stock Exchange in the early 1920s, it continues to deliver the highestquality education to finance professionals worldwide. Headquartered in New York but available globally through digitaltechnology, our faculty and approach are the gold standard.

OUR HISTORYModern-era business education founded on the institutional knowledge that built the NYSE. The New York Institute of Financeis professional success, 90+ years in the making.

it became evident that, for the sake of the business itself and for the sake of the thousands of young men and womenemployed by the Exchange and by its member firms, some method should be devised whereby they might learn thefundamentals; the reasons why they did the things which occupied their working days

NYSE president Charles Gay, 1921

This was the inspiration behind the establishment of the New York Institute of Finance. It became an integral part of the one-year training program for new employees of the exchange. By 1930 courses of the institute were extended to employees ofmember firms of the Exchange and now worldwide.

EVERY JOURNEY IS DIFFERENT . . .He who is fixed to a star does not change his mind. Leonardo Da Vinci.

When out on the open seas, one wrong calculation can steer you of course. Similarly, the wrong training can stunt your careergrowth for years. Select carefully and new worlds open up before you. At NYIF you can be confident we will understand yourjourney and help you plot a true course.

HOW WE TEACHOur faculty is made up of financial experts with significant private sector experience that is current. At NYIF, youll learn fromsuccessful Portfolio Managers, Analysts, M&A Advisors, Risk Managers, Traders, and others. We teach highly usable skills forthe workplace, as well as concepts and understanding. We create our courses and certificates in partnership with the maininvestment banks and associations in the investment industry. As we design our curriculum, these key industry partners havehelped decide the skills we teach. That means our students are trained in exactly the specific subjects needed in the workplace.

We organize our curriculum into six Career Streams. Each one is made up of Professional Certification that can be taken online,in a classroom, or through a combination of both. To earn a certificate, students must complete a number of modular courses(typically, two to four). Our certificates are either concept-and-theory based (with a focus on practical application) or scenariobased (job role and skills acquisition). Students in concept-and- theory based programs learn about a particular subject or role(e.g., asset management) in a case study manner. In our scenario-based programs students are placed in real-world roles andtaught specific skills for the jobs in question. Real data and industry standard analytics are always on tap thanks to theavailability of Bloomberg Professional terminals in the classroom. We call this Desk-Ready Training.

WHAT WE TEACHWe divide our courses into six main Career Streams: Portfolio Management, Risk Management, Financial Engineering,Investment Banking, Accounting, and Operations and Compliance. A students education typically includes courses from morethan one Career Stream. Many of our programs include optional competency exams that prove students abilities in specificareas of expertise to employees. Employees know that applicants with NYIF Professional Certificates are Desk-Ready, becausethey regularly input on our courses.



ACCOUNTINGThe Accounting Career Stream is a practical, application-based program of study designed to equip candidates with a broadarray of financial accounting skills. Candidates will learn about the fundamentals of accounting including accounting standards,brokerage accounting, regulatory reporting, accounting for mergers and acquisitions, and derivatives and hedge accounting.

The Accounting Career Stream is comprised of courses covered in three professional certification programs and a variety of in-depth special topics courses delivered over more than 200 class hours. The courses cover the accounting material required forthe CFA designation in addition to comprehensive coverage of accounting principles and concepts relevant to the financialservices industry.

NYIF PROFESSIONAL CERTIFICATES

Core Skills 70%

Brokerage Operations 10%

Mergers and Acquisitions 20%

COURSE CERTIFICATE NYIF CREDITSAccounting 101 Investment Banking 40Accounting for M&A Mergers and Acquisitions 8Advanced Financial Statement Analysis Special Topics 16Analysis of Financial Institutions Special topics 16Brokerage Accounting Brokerage Operations 8Brokerage Accounting and Regulatory Reporting Special Topics 12Comparing U.S. GAAP and IFRS Special Topics 16Corporate Finance & Valuation Methods Investment Banking 40Derivatives & Hedge Accounting Special Topics 16Financial Accounting 101 Special Topics 16Financial Analysis of Insurance Companies Special Topics 16Financial Statement Analysis Special Topics 16Securities Analysis Special Topics 16



FINANCIAL ENGINEERINGThe Financial Engineering Career Stream is a technical program covering concepts and tools employed in asset pricing, riskanalysis, and product structuring. It emphasizes the practical application of numerical techniques to all asset classes, includingfixed income, credit, equity, foreign exchange, and structured products. The techniques covered include Monte Carlo methods,finite differences and finite element techniques. VBA and Python are the primary programming tools. Live data are accessedfrom our in-class Bloomberg Professional terminals to ground the techniques in real-world application.

The Financial Engineering Career Stream is comprised of courses offered in four professional certification programs deliveredover 160 class hours. The courses develop a complete quantitative toolkit, covering all of the required quantitative material forthe GARP FRM, PRMIA PRM, and CFA designations, and much more. Practical application of the tools to fixed income,derivatives, and risk management is emphasized.


Credit Risk 30%

Advanced Fixed Income 30%

Quantitative Methods 40%

COURSE CERTIFICATE NYIF CREDITSAdvanced Risk Management: Tools and Concepts Advanced Risk Management 8Credit Risk Management Advanced Risk Management 8Derivative Mathematics Quantitative Methods 16Fixed Income Mathematics Advanced Fixed Income 8Interest Rate Modeling Advanced Fixed Income 8Market Risk Management Advanced Risk Management 8Numerical Methods for Finance Quantitative Methods 16Programming for Finance Quantitative Methods 16Risk Management of Investment Portfolios Advanced Risk Management 8Structured Credit Modeling Advanced Credit Risk 16Valuation and Credit Risk Management Advanced Credit Risk 24Valuation of Interest Rate Derivatives Advanced Fixed Income 16Yield Curve Construction Advanced Fixed Income 8



INVESTMENT BANKINGOur Investment Banking Career Stream adopts a learn-by-doing approach. Students will acquire a comprehensive set ofpractical skills. The program employs worked examples, real-world case studies, and financial data analyses to facilitatelearning. Courses cover accounting concepts, financial modeling, valuation, mergers and acquisitions, and credit risk analysis,and include an overview of financial instruments.

The Investment Banking Career Stream is a selection of courses offered in six professional certification programs, deliveredover 300 class hours. An additional 200 hours of courses devoted to special topics and a comprehensive library of e-learningmodules complement the offering. The Stream constitutes a survey of the tools, principles, and concepts essential for asuccessful career in the financial services sector. Candidates who select the appropriate courses from this Stream will be wellplaced to acquire a CFA designation.


Core Skills 40%


Fixed Income 20%

International Capital Markets 10%

Mergers and Acquisitions 10%


INVESTMENT BANKINGCOURSE CERTIFICATE NYIF CREDITSAccounting 101 Investment Banking 40Accounting for M&A Mergers and Acquisitions 8Analysis of Financial Institutions Special Topics 16Capital Markets 101 Special Topics 16Capital Markets Products and Risk Special Topics 24Computing Skills for Finance Special Topics 16Convertible Bonds Special Topics 16Corporate Finance & Valuation Methods Investment banking 40Corporate Treasury Management Special Topics 16Credit Risk Analysis Credit Risk 40Economic Indicators: Clues to the Future Special Topics 8Financial Analysis of Insurance Companies Special Topics 16Financial Modeling Investment Banking 40Financial Statement Analysis Special Topics 16Fixed Income Markets 1 Fixed Income 16Fixed Income Markets 2 Fixed Income 16Fixed Income Mathematics Special Topics 24Fixed Income Mathematics: Pricing and Valuation of Bonds Special Topics 16Free Cash Flow Decision Making Mergers and Acquisitions 8Global Securities: Trading and Settlements Special Topics 16International Capital Markets International Capital Markets 40Introduction to Financial Modeling Special Topics 16M&A: Concepts & Theory Mergers and Acquisitions 16M&A: Structuring Mergers and Acquisitions 8Managerial Finance Special Topics 16Mathematics and Statistics for Finance Special Topics 16Overview of Capital Markets Special Topics 16Overview of Structured Products Special Topics 16Project Finance: Public Private Partnerships Special Topics 24Public Private PartnershipsSecurities Analysis Special Topics 16Yield Curve Analysis Fixed Income 8



OPERATIONS AND COMPLIANCEOur Operations and Compliance Career Stream specifically reflects the emergence of compliance and operational riskmanagement as an independent governance function within the financial services industry. The Stream provides an in-depthreview of existing regulation including Dodd-Frank and Sarbanes-Oxley. Candidates are prepared to implement meaningful riskassessments, produce intelligible risk management information, and engage in cutting-edge risk modeling. There is particularemphasis on the operational risk and compliance challenges facing Broker and Dealers.

The Operations and Compliance Career Stream comprises courses offered in four professional certificate programs and anumber of special topics courses, delivered over 160 class hours. E-learning modules complement the Stream, which serves asa comprehensive introduction to operational risk management principles, concepts, and techniques, as well as compliance bestpractices. Relevant regulation is studied closely with an emphasis on the financial services industry. Candidates who completethis stream will be well placed to acquire enterprise risk management and operations risk management designations such assuch as PRMIA ORM.



Risk Management 30%

Enterprise Risk Mangement PC 40%

COURSE CERTIFICATE NYIF CREDITSBrokerage Accounting Brokerage Operations 8Brokerage Accounting and Regulatory Reporting Special Topics 12Brokerage Operations Brokerage Operations 16Capital Markets 101 Brokerage Operations 16Compliance for the Securities Industry Enterprise Risk Management 16Computing Skills for Finance Special Topics 16Cybersecurity for Financial Services Professionals Enterprise Risk Management 8Dodd-Frank: 2015 and Beyond Special Topics 16Introduction to Net Capital Rule 15c3-1 Special Topics 8Introduction to Risk Management Risk Management 8Operational and Integrated Risk Management Enterprise Risk Management 16Risk Management Tools and Practices Risk Management 8Stress Testing and Regulation Risk Management 16



PORTFOLIO MANAGEMENTOur Portfolio Management Career Stream is designed to equip portfolio managers and support personnel with a soundunderstanding of the tools and techniques employed to manage all major asset classes, including alternative investments.Course offerings cover a wide variety of subjects including performance measurement and attribution, portfolio riskmanagement, behavioral finance, accounting concepts, technical analysis, strategic asset allocation, and wealth management.

The Portfolio Management Career Stream is made up of courses from seven professional certification programs delivered over600 class hours. A large selection of e-learning offerings is also available. The Stream is an exhaustive survey of portfolio andasset management principles and concepts, with an emphasis on practical application to all asset classes. Candidates whocomplete the appropriate components from this Stream will be well placed to acquire portfolio and asset managementdesignations such IMCA, CIMA, and CAIA.


Credit Risk 10%

Derivatives 10%

Fixed Income 20%

Portfolio Management 20%

Advanced Portfolio Management 30%

Risk Management 10%


PORTFOLIO MANAGEMENTCOURSE CERTIFICATE NYIF CREDITSAdvanced Alternative Investments Advanced Portfolio Management 16Advanced Derivatives Applications for Asset Managers Special Topics 40Bond Trading Special Topics 16Capital Markets 101 Special Topics 16Capital Markets Products and Risk Special Topics 24Computing Skills for Finance Special Topics 16Convertible Bonds Special Topics 16Credit Default Swaps: From Vanilla to Exotic Special Topics 18Credit Derivatives Special Topics 16Credit Risk Analysis Credit Risk 40Demystifying Derivatives Special Topics 8Economic Indicators: Clues to the Future Special Topics 8Equities Trading and Support Special Topics 12Equity Portfolio Management Portfolio Management 24Fixed Income Markets 1 Fixed Income 16Fixed Income Markets 2 Fixed Income 16Fixed Income Mathematics Special Topics 24Fixed Income Portfolio Management Portfolio Management 24Forwards, Futures and Swaps Derivatives 24Global Securities: Trading and Settlements Special Topics 16Hedge Funds Special Topics 16Introduction to Risk Management Risk Management 8Mathematics and Statistics for Finance Special Topics 16Measuring Risk: Equity, Fixed Income, Derivatives and FX Risk Management 8Mortgage Backed Securities Special Topics 16Options: Applications, Pricing and Risk Derivatives 16Overview of Capital Markets Special Topics 16Overview of Structured Products Special Topics 16Portfolio Management Theory and Practice Portfolio Management 16Portfolio Performance Measurement and Attribution Advanced Portfolio Management 8Portfolio Risk Management Advanced Portfolio Management 8Portfolio Theory and Behavioral Finance Advanced Portfolio Management 8Risk Management of Investment Portfolios Advanced Risk Management 8Risk Management Tools and Practices Risk Management 8Structured Finance Professional Certificate Special Topics 40Technical Analysis Special Topics 16Valuation Special Topics 8Volatility: Core Concepts Special Topics 24



RISK MANAGEMENTThe Risk Management Career Stream exposes candidates to every aspect of risk management from the techniques andconcepts employed to measure risk to an analysis of ever evolving prudential risk regulations. The stream covers the principlesof risk assessment and management, credit risk, derivatives risk management, fixed income risk, and the risk management ofinvestment portfolios.

The Risk Management Career Stream is a selection of courses from eight professional certification programs, delivered overmore than 700 class hours. A number of e-learning modules are also available. The Stream offers comprehensive coverage ofrisk management theory and practice applied to all elements of risk, from market risk to operational risk. This Career Streamemphasizes a practical, integrated approach to risk management. Candidates who complete the appropriate components willbe well prepared to acquire risk management designations such as GARP FRM and PRMIA PRM.


Credit Risk 10%

Advanced Credit Risk 10%

Derivatives 10%

Advanced Derivatives 10%

Advanced Fixed Income 10%

Risk Management 10%

Advanced Risk Management 40%


RISK MANAGEMENTCOURSE CERTIFICATE NYIF CREDITSAdvanced Credit Risk Analysis Special Topics 24Advanced Derivatives: Applied Decision Making Advanced Derivatives 24Advanced Options: Risk Transfer and Enhancement Advanced Derivatives 16Advanced Risk Management Tools and Concepts Advanced Risk Management 8Asset Liability Management Special Topics 16Basel III and Emerging Market Banks Special Topics 16Capital Markets Products and Risk Special Topics 24Computing Skills for Finance Special Topics 16Credit Default Swaps: From Vanilla to Exotic Special Topics 18Credit Derivatives Special Topics 16Credit Risk Analysis Credit Risk 40Credit Risk Management Advanced Risk Management 8Cybersecurity for Financial Services Professionals Enterprise Risk Management 8Demystifying Derivatives Special Topics 8Derivative Mathematics Quantitative Methods 16Derivative Products in Dodd-Frank World Special Topics 24Dodd-Frank: 2015 and Beyond Special Topics 16Fixed Income Mathematics Advanced Fixed Income 8Forwards, Futures and Swaps Derivatives 24Global Securities: Trading and Settlements Special Topics 16Interest Rate Modeling Advanced Fixed Income 8Introduction to Risk Management Risk Management 8Market Risk Management Advanced Risk Management 8Mathematics and Statistics for Finance Special Topics 16Measuring Risk: Equity, Fixed Income, Derivatives and FX Risk Management 8Numerical Methods for Finance Quantitative Methods 16Operational and Integrated Risk Management Enterprise Risk Management 16Operational and Integrated Risk Management Enterprise Risk Management 8Options: Applications, Pricing and Risk Derivatives 16Overview of Structured Products Special Topics 16Programming for Finance Quantitative Methods 16Relative Volatility & Dispersion Trading Special Topics 8Risk Management of Investment Portfolios Advanced Risk Management 8Risk Management Tools and Practices Risk Management 8Stress Testing and Regulation Risk Management 16Structured Credit Modeling Advanced Credit Risk 16

Structured Finance Professional Certificate Special Topics 40Swaps I Special Topics 8Swaps II Special Topics 8Valuation and Credit Risk Management Advanced Credit Risk 24Valuation of Interest Rate Derivatives Advanced Fixed Income 16Volatility: Core Concepts Special Topics 24Volatility and Variance Swaps Special Topics 8Yield Curve Analysis Fixed Income 8Yield Curve Construction Advanced Fixed Income 8


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