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CMAP Certification
The CMAP certification is awarded by the Middle Market Investment
Banking Association (MMIBA) and endorsed by
NACVA. The prerequisite criteria, in addition to passing the exam
(see below), for obtaining the Chartered Merger and
Acquisition Professional (CMAP) credential, include the following
- A four-year degree in business from an accredited
college or university or, alternatively, a non-business
undergraduate degree with one of the following (a) an MBA or
other graduate degree in a business field, (b) a
law degree, (c) two years of experience in M&A in which the
applicant worked in a “principal investment
banking role,” or (d) four years of full-time experience in
M&A in which the applicant worked in a support role
such as valuation, accounting, due diligence, tax
consulting, etc.
- Candidates must, in addition to the above, hold a
credential from a recognized institution demonstrating a
higher
level of training and accomplishment in a field of business,
finance, accounting, economics, or business
management.
Credentials recognized include:
Certified Valuation Analyst (CVA), Accredited Valuation
Analyst (AVA), Certified Forensic Financial Analyst
(CFFA), Accredited in Business Valuation (ABV), Accredited
Senior Appraiser (ASA), Accredited Member of
ASA (AM), Certified Business Appraiser (CBA), Chartered
Financial Analyst (CFA), Certified Fraud Examiner
(CFE), Certified Merger and Acquisition Advisor (CM&AA),
Certified Management Accountant (CMA),
Certified Public Accountant (CPA), Charter Accountant (CA),
or other recognized accounting or financial
credential subject to NACVA Headquarters approval.
- Be a Practitioner, Academic, or Government member of
NACVA and maintain active status (i.e., comply with
recertification).
- Provide one business client and two professional
references.
- Attend the five-day Mergers and Acquisitions
Workshop sponsored by the Middle Market Investment Banking
Association (recommended, but optional).
- Pass a four-hour proctored CMAP Certification Exam which
will consist of approximately 250 multiple-choice
and true/false questions.
Individuals may challenge the exam, meaning the training is
not a prerequisite to sit for the exam.
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Thirty-six hours of CPE will be required every three years for
re-certification, with at least one-half of the hours directly
related to M&A, which includes business valuation, and the other
half in areas tangential to M&A, which includes areas of
finance, forensic accounting, negotiation, fraud consulting, and
other fields where the designee can substantiate some
relevance to M&A.
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