Frequently Asked Questions

Credential Requirements

Are professional requirements needed to register for the IBP Program?

There are no academic or professional prerequisites to register for the IBP Program.

What are the requirements to obtain the IBP Credential?
  • Pass Level I of the IBP Exam
  • Pass Level II of the IBP Exam no longer than 3 years after passing Level I
  • Demonstrate at least 1 year of professional full-time work experience in investment banking, corporate finance or other finance related field within 3 years of passing Level II
  • Adhere to the IBP Institute Code of Ethics
  • A bachelor's degree or equivalent education

Candidates cannot use the IBP designation after their name in any manner until they have met all of the requirements above and been approved by the IBP Institute.  However, candidates enrolled in the IBP Program may indicate this on their resume.  Please see FAQ: "When can I use the IBP designation on my resume?"

We will also include candidates that pass Level I in the IBP Candidate Yearbook and they will have full access to the benefits of the IBP Career Center.

 

How do I demonstrate work experience?

Candidates must demonstrate at least 1 year of professional full-time work experience in investment banking, corporate finance or other finance related field to receive the IBP designation.

A candidate demonstrates work experience by submitting a minimum of 4-5 sentences describing his/her professional role in a finance related field. The application to submit your work experience must be completed once you are logged into your IBP Institute member account.

How long do I have before I submit my work experience to complete the IBP Credential?

The work experience submitted cannot be more than 3 years prior to having passed Level II of the IBP. The designation is geared toward practitioners in investment banking and corporate finance.  Positions that use corporate finance skills taught in the IBP Program will also be considered valid work experience.

Experience completed during undergraduate or graduate studies will not be considered, including internships, part-time jobs, or student teaching.  After 3 years, if the candidate has not submitted valid work experience, the candidate will have to re-enroll in the program and pay the required fees to retake Level I and Level II of the IBP.

When can I use the IBP designation on my resume?

Candidates cannot use the IBP designation after their name in any manner until they have met all of the requirements and been approved by the IBP Institute.

Candidates that are enrolled in the IBP Program and/or have passed Level I and/or Level II (but have yet to meet the professional requirement and/or receive the IBP designation) may indicate this on their resume strictly as follows:

  • Enrolled in the IBP Program: 2018 Level I
  • Enrolled in the IBP Program: 2018 Level II
  • Enrolled in the IBP Program: 2018 Level I and Level II

You may also indicate the exams you have successfully completed, for example:

  • Passed Level I of the IBP Program
  • Passed Level II of the IBP Program
  • Passed Level I and Level II of the IBP Program
What are the exam requirements?
  • Pass Level I of the IBP
  • Pass Level II of the IBP within 3 years of passing Level I
How much time do I have to complete the IBP certification process?

After passing Level I, the candidate has 3 years to pass Level II. After passing Level II, the candidate has 3 additional years to submit valid work experience and obtain their bachelor's degree. The designation is geared toward practitioners in investment banking and corporate finance.  Positions that use corporate finance skills taught in the IBP Program will also be considered valid work experience at the discretion of the IBP Institute.

Experience completed during undergraduate or graduate studies will not be considered, including internships, part-time jobs, or student teaching. After 3 years from passing Level II, if the candidate has not submitted valid work experience, the candidate will have to re-enroll in the program and pay the required fees to retake the Level I and Level II exams of the IBP Program before completing the IBP certification process.

Exam Registration & Deadlines

When is the IBP Exam offered?

The IBP Exam consists of two parts, Level I and Level II, which are both offered three times a year in January, June and August.  Level I begins in the morning (eastern standard time) and Level II is administered the same afternoon (eastern standard time).

Candidates must pass Level I before they can register an exam date for Level II.

Currently scheduled exams are: June 16, 2018, Aug 25, 2018 and Jan 19, 2019. Registration and pricing deadlines for these dates are listed in the question below.

The start times for candidates on test day will all fall within a 4-hour window for each level.

Level I candidates will begin their exams between the times of 6:00am and 10:00am EST.  The exact start time will be selected by the candidate after registration (times are subject to availability).

Level II candidates will begin their exams between the times of 2:00pm and 6:00pm EST.  The exact start time will be selected by the candidate after registration (times are subject to availability).

If a candidate plans on taking both Level I and Level II on the same day, we recommend a minimum of 6 hours between start times to ensure there is enough of a break between the end of Level I and the start of Level II.

For example, if a candidate selects a Level I start time of 9:00am EST, the earliest we would recommend sitting for Level II would be 3:00pm EST.  The candidate in this example will likely finish Level I between 1:30-2:00pm EST, so having at least one hour in between levels is best to have time to get a meal and regroup.

What are the early, standard and late registration deadlines for IBP Exam registration?

Below you'll find exam deadlines for currently scheduled IBP exams. Registration payment must be submitted no later than midnight (EST) on the "Registration Closes" date of each registration period in order for registration to be valid.

IBP candidates must receive a passing score on Level I before they are allowed to register for Level II.   In the case of new candidates taking the exam in June, the earliest they will be able to take Level II (or retake Level I) is the following January since candidates do not get their results until August (registration for the August exam is closed at that time).

Deadlines for June 16, 2018 IBP Exam
DatesDescription
June 16, 2017Registration Opens, Early Pricing Begins
Jan 31, 2018Early Registration Ends, Standard Pricing Begins
Mar 31, 2018Standard Registration Ends, Late Pricing Begins
Apr 28, 2018Registration Closes & Last Day to Defer to Next Exam Date
May 4, 2018Final Confirmation Emailed
June 16, 2018IBP Exam Day
Aug 16, 2018Exam Results Released
Deadlines for Aug 25, 2018 IBP Exam
DatesDescription
Aug 25, 2017Registration Opens, Early Pricing Begins
Mar 31, 2018Early Registration Ends, Standard Pricing Begins
May 31, 2018Standard Registration Ends, Late Pricing Begins
June 30, 2018Registration Closes & Last Day to Defer to Next Exam Date
July 9, 2018Final Confirmation Emailed
Aug 25, 2018IBP Exam Day
Oct 25, 2018Exam Results Released
Deadlines for Jan 19, 2019 IBP Exam
DatesDescription
Jan 19, 2018Registration Opens, Early Pricing Begins
July 31, 2018Early Registration Ends, Standard Pricing Begins
Sep 30, 2018Standard Registration Ends, Late Pricing Begins
Nov 30, 2018Registration Closes & Last Day to Defer to Next Exam Date
Dec 3, 2018Final Confirmation Emailed
Jan 19, 2019IBP Exam Day
Mar 19, 2019Exam Results Released
What are the registration and exam fees for the IBP Program?

Registration pricing for Level I includes a one-time enrollment fee of $400 for new candidates, the full suite of official IBP Institute study materials and services provided by the IBP Career Center.  For details on the available exams, pricing and exam fees for both new and returning candidates, please visit the IBP Exam Pricing and Registration page.

How do I enroll in the IBP Program and register for the next IBP Exam?

Enrolling for the IBP Program is done online. You can click here to get started.  Once you click, you will see which exam dates are currently accepting registrations.

How do I pay the enrollment and exam fees?

The IBP Institute accepts payment with any major credit card. Register for the IBP Exam here.

Can I take Level I and Level II on the same day?

No.  Level I and Level II must be passed sequentially on distinct exam dates. You must receive a passing score on Level I before you are able to register for Level II.

In the case of new candidates taking the exam in June, the earliest they will be able to take Level II (or retake Level I) is the following January since candidates do not get their results until August (registration for the August exam is closed at that time).

What are the fees if I don't pass and I want to retake an exam?

If you do not pass, you are allowed to retake the exam and there is no enrollment fee.   Pricing follows the same Early, Standard, and Late tiered structure. See the IBP Exam Pricing and Registration page for New and Returning Candidate details.

IBP candidates must receive a passing score on Level I before they are allowed to register for Level II.   In the case of new candidates taking the exam in June, the earliest they will be able to take Level II (or retake Level I) is the following January since candidates do not get their results until August (registration for the August exam is closed at that time).

Can I get a refund?

The IBP Institute does not provide refunds but will allow a candidate to defer the Exam Day once for a $100 fee prior to registration closing.

How do I defer my exam date?

Candidates are allowed to defer their exam date once. Deferment requires a $100 deferment fee. The deferment request must be made before final registration closes for the exam the candidate is currently scheduled for.

In order to defer your exam date, please email support@ibpinstitute.org with your deferment request, and please include the future exam date you'd like to defer to.

No deferments will be allowed once final registration closes for the exam the candidate is currently scheduled for.

Exam Procedures & Technical Requirements

How do I prepare for exam day?

The IBP Exams are administered through a secure online testing environment that has several technical requirements (see technical requirement FAQ).

  • As a candidate for the IBP Exams, you are expected to be familiar with these technical requirements as well as the procedures outlined here in the FAQs and within your IBP member portal
  • You will register an exact time to meet your proctor online at least 30 days prior to the Exam Day
  • Be prepared to present an original, non-expired passport or driver’s license for admission.  Please see our identification policies.
  • The name on your admission registration needs to exactly match the name on your passport or driver’s license. If it currently does not match, please contact member services before the Exam
  • In the IBP Institute member portal, there will be a "To Do" checklist that you need to complete well before Exam Day.  Please ensure that you have tested your system with our proctoring service, you have downloaded and taken the sample exam to familiarize yourself with the platform and that you meet all technical requirements

IBP Level I Exam Day - Sample Schedule (Eastern standard time)

8:00amCandidates downloads encrypted exam file (made available at 5:00am EST)
9:00amCandidate connects with proctor at scheduled time (this is an example)
9:00-9:15amCandidates authenticate ID through biometric keystroke analysis, non-expired Passport or drivers license and registration photo match. Proctor also reviews candidates work space and surroundings for potential violations prior to exam
9:15amCandidates also download necessary exam files with guidance from proctor
9:20amCandidate finish authentication and file downloads and proctor grants access key
9:20amCandidate begins IBP Level I Exam Note: your exact start time depends on your scheduled proctor meeting time, the time needed to authenticate your ID and download the Exam files. Typically the entire process takes anywhere from 10 to 20 minutes.
1:20pmIBP Level I Exam ends
1:20pm-1:30pmProctor guides candidate to upload Exam files, delete workbooks and through final checkout policy (required for exam to be valid)

IBP Level II Exam Day - Sample Schedule (Eastern standard time)

2:00pmCandidates downloads encrypted exam file (made available at 1:00pm EST)
3:00pmCandidate connects with proctor at scheduled time (this is an example)
3:00-3:15pmCandidates authenticate ID through biometric keystroke analysis, non-expired Passport or drivers license and registration photo match. Proctor also reviews candidates work space and surroundings for potential violations prior to exam
3:15pmCandidates also download necessary exam files with guidance from proctor
3:20pmCandidate finish authentication and file downloads and proctor grants access key
3:20pmCandidate begins IBP Level II Exam Note: your exact start time depends on your scheduled proctor meeting time, the time needed to authenticate your ID and download the Exam files. Typically the entire process takes anywhere from 10 to 20 minutes
7:20pmIBP Level II Exam ends
7:20pm-7:30pmProctor guides candidate to upload Exam files, delete workbooks and through final checkout policy (required for exam to be valid)
What kind of computer and programs do I need to have access to in order to take the IBP Exams?

Hardware Requirements:

  • 1028MB of RAM (minimum)
  • Working Webcam (internal or external)
  • A functioning microphone (sometimes web cameras have built-in microphones).
  • PC (Windows Vista or more recent) or Apple (Mac OS X 10.5 or more recent) computer
  • 15" or larger monitor (strongly encouraged for modeling components)
  • Tablets NOT supported

Software Requirements:

  • Microsoft Excel (version 2007, 2010, 2013 or 2016)
  • The latest Chrome, Internet Explorer or Firefox browser with popup blocker disabled.

Not Supported

At this time we do not support the following; however, we are working on solutions to accommodate every platform.

  1. Google Chromebooks
  2. Android tablets (Nexus 7, etc.)
  3. iOS tablets (iPad, iPad mini, etc.)
  4. Linux operating systems
  5. Microsoft Surface RT

Note: We do not proctor computers running virtual machines. If you are running a virtual machine when you meet with your proctor, you will be asked to close your virtual machine and boot into your actual operating system to take your test.

Note: We do not support development previews, beta builds, or release candidates of any operating system unless specified.

What kind of internet connection do I need to take the IBP Exams?

Internet Speed Requirements

It is strongly recommended that candidates connect to the internet via Ethernet on exam day instead of via wifi to reduce likelihood of disconnections and interference.

What happens if my internet connection cuts out during the exam?

The candidate is responsible for ensuring that a strong and stable internet connection is established before taking the exam. It is strongly recommended that candidates turn off their computer's wifi connection and connect to the internet via an Ethernet cable. All candidates are required to test their system using the same computer, location and internet connection they plan to use on Exam Day with both the proctoring service and the testing platform.

If the internet connection is interrupted or cuts out during the exam, the exam platform will not be disrupted and time will continue to run. However, every disconnection will be noted by the proctor as a potential exam violation and will be reviewed after Exam Day. The proctoring system will automatically attempt to reconnect for short, intermittent drop outs.

For extended disconnections longer than a few seconds, the candidate is responsible for reconnecting with the proctor in a timely fashion and the keystrokes of the candidate will be analyzed upon submission of the exam to ensure no violations occurred (tracked by our testing platform). The proctor will have your email and phone number on file should there be prolonged disconnections and will reach out to help remedy the situation as quickly as possible.

The IBP Institute gives a maximum grace period of 15 minutes (total) to re-connect before you run the risk of invalidating your exam.  This 15 minute grace period is for the entire 4-hour examination for each level.  If you are not reconnected with the proctor within 15 minutes, the exam may not being graded, however, we do suggest you continue to take the exam.  The IBP Institute reserves the right to cancel a candidate's exam upon investigation (even for interruptions of less than 15 minutes) should our investigation of the recordings and keystrokes reveal any potential violations.

The IBP Institute will make a determination on a case by case basis if it is necessary to cancel an Exam due to an evacuation, natural disaster, acts of military, political or government authority, or "Acts of God".  Should such a cancellation occur, the IBP Institute will make every effort to notify candidates as soon as possible.

If we have to change the date or cancel the Exam in a particular region, the IBP Institute will make every effort to provide advance notice and inform the candidates of the new Exam date and/or additional options.

A weak internet connection or frequently dropped connection during the exam will not justify a refund.

What can I expect to see once I start the exam?

Each level of the IBP Exam includes 100 standard multiple choice questions. Some of these questions will require you to use Microsoft Excel to reach the correct answer.  You will be allowed to toggle (Alt-Tab) between the exam platform and Microsoft Excel when needed.

Who is the online proctor?

The online proctor is an IBP Institute representative that will connect with you on Exam Day through your computer's webcam to complete the following tasks:

  • Verify your identity through biometric keystroke analysis
  • Verify your identity using an original government issued license or passport through web cam (see Personal Identification section below for ID policies).  This ID also must match the photo you take during initial registration for the IBP Exam.
  • Ensures that the room you are taking the exam in has no study aids, electronic devices or other recording devices (not including your computer)
  • Ensures you have properly pre-loaded the exam and are ready to start
  • Ensures you have downloaded any pre-loaded files needed on the Exam
  • Monitors you throughout the exam (face and screen) to ensure no violations take place
  • Marks potential violations for review from our internal team after the exam
  • Walks you through the final checkout stages after you have completed the exam (file uploads, file deleting, etc)
When do I meet my proctor?

You will meet your proctor on Exam Day at the time scheduled (this is done after registration).  Once you have verified your identity and accepted all of the exam conditions, the proctor will make sure to answer any questions before you begin your exam.  We also require that all candidates test their system at least 30 days prior to the Exam Date to ensure that it is compatible with the proctoring system.

Upon meeting with my proctor, will I be subject to screening?

Proctors may ask to inspect your belongings during the check-in protocol to ensure that prohibited items are not in the room with you.

What is the IBP Institute identification policy?

A current, original, and not expired government issued passport or driver's license is accepted. The name on your admission registration must match exactly what you will present on Exam Day. The passport or driver's license must include a photograph of the candidate - photocopies are not acceptable.

There are NO exceptions to this policy, regardless of what form of identification a candidate may have used in past Exam administrations. If a candidate arrives on Exam Day without a valid passport or driver's license, they will not be allowed to sit for the Exam.

IBP Institute administers its exams in many countries. Because all of the different forms of identification that are used worldwide, which differ greatly from country to country and from culture to culture, we cannot list all forms of identification that are not acceptable. We require that all candidates must abide by this same rule, worldwide. Additionally, the IBP Institute will not accept work/employer identification cards, voter's identification cards, a learner's permit, student ID cards, PAN card, or national ID cards.

What can I have in the room with me during the exam?

You are allowed one page of blank paper and a pen or pencil along with a mouse, keyboard, webcam (internal or external) and computer (laptop or desktop is fine).

The following items may be carried in your pockets or placed UNDER your seat, preferably in a transparent bag:

  • Wallet (money purse)
  • Pencil sharpeners, eye-glasses, earplugs.
  • Medicine, tissues, and other medically necessary items.
  • Food and drinks. All food and drinks must be consumed outside the room you will be testing in.
Can I have my smartphone in the room?

Smartphones (such as iPhones, Blackberries, Windows phones, Android devices, and all other cellular/mobile phones) are not allowed in the room you decide to take the Exam under any circumstances, and must be stored outside of the room. If a candidate is found to have a smartphone or cellular phone in the Exam room, an Exam Violation Report will be issued and his/her Exam may not be graded.

Are calculators or anything to write on allowed inside the room?

Calculators and other electronic devices (with the exception of your computer) are strictly prohibited.  You may have 1 piece of blank paper and pen or pencil to write on during the exam. You may not write on this paper until the exam begins.

When can I leave the room?

If you finish either session before the end of the allotted time, you may submit your exam to start the check out process early.  Once you submit your exam, you may not re-enter the exam or change any of your answers.  You may not leave the exam room to use the bathroom.  You are not permitted to leave the room until the Exam has been submitted and the final check out procedures are complete.  If you do leave the room during the exam, an Exam Violation Report will be filed and your exam may not be graded.

Am I allowed to mark a question and go back?

No, you will not be allowed to move back to previous questions. If you get stuck and/or are unsure of an answer, we encourage you to move forward.  A clock displaying the time remaining will show in the upper right corner of the screen so that you can pace yourself accordingly.

Can I keep my exam files?

All Exam materials, including the Exam files, your work in those files, are the sole property of the IBP Institute. Completed Exam files will be uploaded as part of the check-out process with the help of the proctor.  You will then be required to delete these files from your computer. Your Proctor will guide you through this process prior to disconnecting.

These files will be not be scored, but will be used to investigate potential exam day violations and for internal research processes as we continue to modify and improve the IBP Exams.

How are violations dealt with?

The IBP Institute seriously reviews each and every Exam violation that is filed by a proctor. If a proctor files a violation report, the IBP Institute has at its sole discretion the right to cancel or not grade the exam.

What are some examples of violations that the IBP Institute has enforced in the past?
  • Not uploading the exam files at the end of the exam as instructed by the proctor
  • Candidate found cheating
  • Candidate found to be wearing or brought into the room electronic devices including calculator, cell/mobile phone, smart watch, Google glass and portable clocks
  • Candidate failed to delete the exam files as instructed by the proctor
  • Candidate's internet connection dropped out for more than 15 minutes combined
  • Candidate's keystroke analysis revealed suspected cheating
  • Candidate's Excel files contained minimal to no work
  • Candidate communicating with another candidate during the exam
  • Candidate ID not matching ID collected during registration
  • Candidate ignoring proctors questions and/or instructions
How do you handle refunds for violations?

The IBP Institute reserves the sole right to determine if a violation has taken place before or during Exam Day and will not provide refunds in cases where the exams are not graded as a result of these violations.

IBP Institute Services

What is the IBP Institute?

To learn more about the IBP Institute's mission and leadership, please click here.

When did the IBP Institute launch the IBP Exam?

To learn more about the IBP Institute and our history, please click here.  To learn more about the IBP Exam development process, please click here.

Why use the IBP designation?

After completing both Level I and Level II of the IBP Program and obtaining requisite work experience, using the IBP designation properly can serve as a strong signal to potential employers of your wide body of knowledge in corporate finance.

You are encouraged to highlight your achievement on your resume, business cards and other related business documents.

What is the correct verbiage to use to demonstrate my certification?

The IBP designation should only be used in these ways:

  • IBP
  • Certified IBP
  • IBP, certified by the IBP Institute
What are the benefits of IBP Institute membership?

Membership gives you access to complimentary community events, discounted continuing professional education opportunities and direct access to the powerful network of candidates in the IBP Institute.

What are the requirements for IBP Institute membership? Is there an application process?

There is no application process for becoming a member of the IBP Institute; all that is required is registering for the IBP Exam and a professional interest in investment banking or corporate finance.  

Membership is covered by the IBP Institute for the first year after registration for Level I and/or if you have a Student Membership.  Thereafter, there is a $50 annual membership fee to continue.

What are the requirements for Student Membership? How long can I be a student member?

Student Membership is reserved for those who are enrolled in a full-time program at a recognized academic institution. IBP Institute does not require you to provide proof of matriculation at the point of registration but does ask you to provide an email contact for your faculty advisor/professor in case your registration is audited.  Since many IBP candidates are undergraduate and graduate students, Student Membership is allowed for up to three one-year terms. Any exceptions require approval of the IBP Institute.

Does the IBP Institute offer scholarships?

Yes, the IBP Institute offers over 50 scholarships every year through our corporate and academic partners.  The IBP Institute covers the cost of the enrollment and all exam fees for selected candidates in these programs.  The final selection of who receives these scholarships is based on merit and is at the sole discretion of the IBP Institute with guidance from our partners.

The IBP Institute also covers part of the enrollment and exam fees for candidates that can demonstrate financial aid. Please visit our scholarship application to learn more and apply.

Who is eligible for IBP scholarships?

The IBP Institute also covers part of the enrollment and exam fees for candidates that can demonstrate financial aid. Please visit our scholarship application to learn more and apply.

Currently, the IBP Institute offers scholarships through our corporate and academic partners.

What is the IBP Career Center and how does it help candidates?

The IBP Candidate Career Center is a resource established by the IBP Institute to ensure that IBP candidates have guidance when they start recruiting.  To learn more, please click here.

 

What is included in Phase 1 offered by the IBP Career Center and how do I gain access?

All candidates who register for Level I of the IBP will also be granted access to the Investment Banking Interview Course through Wall Street Oasis.  This course has three main modules to help IBP candidates in their job search:

  • Module 1 focuses on preparing the candidates for the technical portion of the investment banking interviews.
  • Module 2 focuses on preparing candidates for the behavioral questions faced in investment banking interviews.
  • The third module is training geared toward improving the candidates networking skills in order for them to land more interviews.

Each module contains video and text based training and access is granted immediately upon sign up for Level I of the IBP.

Learn more about the services provided by the IBP Career Center.

What is included with Phase 2? When is my resume review?

Phase 2 is offered to all candidates that pass Level I. Within 4-8 weeks of passing Level I, the IBP Career Center will match you with an expert resume reviewer from our internal team to ensure you get detailed, one-on-one guidance to improve your resume so that it is ready for investment banking resume submissions and networking efforts.

Once matched with your reviewer, Phase 2 takes between 7 to 14 days to complete.

Learn more about the services provided by the IBP Career Center.

What is included in Phase 3? When is my mock interview?

Phase 3 is also offered to all candidates that pass the Level I IBP Exam.  Within 4-8 weeks of passing Level I, the IBP Career Center will match you with a mentor that has experience recruiting at a top investment bank.

This mentor will find a mutually convenient time to schedule a mock interview with candidates in order to ensure they are prepared for the challenging investment banking interview process.

Learn more about the services provided by the IBP Career Center.

Exam Content & Studying

What does Level I of the IBP cover?
  • Accounting
  • Financial Statement Analysis and Financial Reporting
  • Excel and Financial Statement Modeling
  • Corporate Finance
  • Markets and Valuation Modeling
  • M&A Process and Merger Analysis
  • Leveraged Buyouts and LBO Modeling
  • Effective Communication

To download the IBP Exams Topic Document for more detail, please click here.

What does Level II of the IBP cover?

Level II of the IBP covers the same topics as Level I, but with significantly different weightings.  See below for a comparison.

Level 1TopicsLevel 2
20%Accounting, Financial Statement Analysis and Financial Reporting10%
10%Excel and Powerpoint for Investment Bankingn/a
20%Financial Statement Modeling10%
20%Corporate Finance and Valuation Modeling15%
10%M&A Process and Merger Analysis25%
10%Leveraged Buyouts and LBO Modeling25%
10%Effective Communicationn/a
n/aCommercial Awareness5%
n/aEthics in Investment Banking10%

To download the IBP Exams Topic Document for more detail, please click here.

How Long is each level of the IBP Exam?

Each Level is a 4-hour online exam administered with an online proctor that will monitor your progress through our testing system to ensure you setup and complete the exam with no violations. Level I and Level II each have a maximum allowable time for completion of four hours.

How much math do I need to know?

The level of mathematical difficulty of the IBP Exam is consistent with an advanced undergraduate or introductory graduate level finance course at most universities. It should also be noted that while much of the IBP Exam is conceptual in nature, you will still need to be advanced in Excel, know important formulas and calculations and how to apply them correctly. Formula sheets are not provided with the Exam, however, Excel spreadsheets are preloaded with information for some of the model building sections of the exams.

For guidance on what to study, please refer to the Candidate Handbooks and Study Guides for Level I and Level II, or log into your IBP Institute member portal and click on the "Study" section to review exam topics.

In what language is the IBP Exam offered?

The IBP Exams are offered in English only; specifically American English. The IBP Institute is aware that not every candidate’s native language is American English. In the exam development process, we make every effort to ensure that questions are written in a clear, concise form and avoids the use of colloquialisms or other terms and phrases that might confuse a non-native American English speaker.

How do I study for the IBP Exam?

The IBP Institute provides a comprehensive online course that covers all topics on both Level I and Level II.  This is included as part of the enrollment fee, so there is no additional cost to candidates for this study material.

Once you register for the IBP Exam (Level I or Level II) you will be given immediate access to the IBP Institute member section of the website.  This member area has information on your IBP Exam registration, required tasks you need to complete with due dates as well as a comprehensive study area to review the topics covered in the exam.

Is there a study plan?

The IBP Institute has a detailed study plan for both Level I and Level II of the IBP Exams which will be included in the IBP Institute Member Portal and also in the Study Guides for Level I and Level II.

How much time do I need to study?

The IBP Institute recommends between 200-250 hours of study for each level of the IBP Program.  How much time each candidate will need to spend depends on the familiarity with financial concepts as well as how much previous experience they have in the subject matter.

What type of questions should I expect?

Both levels of the IBP Program will require candidates to build financial models in Excel and also work in Powerpoint in order to arrive at the correct answers for 100 equally weighted multiple choice questions. Both levels also include two short essays (500 words or less) that are graded on a 0 - 5 scale.