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Wall Street Prep

Fixed Income Markets Certification (FIMC©)

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Wall Street Prep Certification Program

Fixed Income Markets Certification (FIMC©)

  •   11 Courses
  •   24h 36m
  •   17,466 Students

Our globally recognized fixed income certification program prepares you with the skills you need to succeed as a fixed income trader on both the buy side or sell side

Earn a Verified Certification

Shareable on LinkedIn and in resumes

Finish in 1 Month

Recommended pace 6 hours/week

Globally Recognized

The same rigorous training program used by salespeople and traders at top global investment banks

Major Skills Covered

About this Fixed Income Markets Certification Program

fixed income certification

While other Fixed Income courses add formulas and complexity to hide the lack of real-world experience, Wall Street Prep's Fixed Income Markets Certification was created by former sales and trading professionals focused on what interns, new hires and early career analysts need to know on the job.

Designed following extensive discussion with hiring managers at major investment banks, we built our Fixed Income program around practical requirements like Bloomberg, with Excel exercises to demystify how Bloomberg calculates Yield and Duration on a bond.

Laptop with glasses and palm tree
Laptop with glasses and palm tree
9+ Hours of Video Instruction

Acquire expertise taught from an insider's perspective. Master how to use the Bloomberg terminal to analyze bonds, yields and cashflows.

Course overview with check marks
Course overview with check marks
A Comprehensive Program

Designed with input from the largest global investment banks on what Fixed Income salespeople and traders need to know.

Trophy with celebrating students
Trophy with celebrating students
Meaningful, Shareable Certification

Graduates will receive a blockchain-verified, shareable certification that can easily be added to LinkedIn and resumes.

What You Will Learn

  • Master the Bloomberg Bond DES screen
  • Learn how bond traders and investors measure returns
  • Decode the pricing and trading conventions of bonds
  • Learn how to chart, graph and analyze bonds and yield curves on Bloomberg
  • Use the Bloomberg Bond Calculators for Discounts and Yields
  • Discover the Central Bank tools that move markets
  • Calculate cashflows, yields and duration of actual bonds
  • Demystify the difference between G, T I and Z spreads
  • Understand the pricing and valuation process of new issue corporate bond

Your Path to Certification

This fixed income markets certification course is career-focused. We begin with an overview of the Fixed Income Market, sell-side investment banks and buy-side investors; move on to exploring how central banks impact bond yields; and discuss the yield curve. We demystify different fixed income products and build a basis for bond math. Using money markets, we learn about single cashflow investments and government bonds. Finally, we look at corporate bonds, discuss credit analysis, and take a look at the impact of seniority and collateral.

Recommended Path

1. Introduction to Financial Markets Week 1
2. Introduction to Bonds and Fixed Income Trading Week 1
3. Economics and the Role of a Central Bank Week 1
4. Money Markets Week 2
5. Government Bonds Week 3
6. Corporate Bonds Week 3
7. Mortgage Backed Securities Week 4
8. ESG Investing Week 4

Complete in 25 Hours

The FIMC is a job-focused program that drills down on what Fixed Income Markets professionals need to know while cutting out the rest. Average completion time (coursework + exam) is 25 hours.

Skills Fixed Income Markets Employers Look For

  • Fixed Income

    Covered
  • Bloomberg

    Covered
  • Hedging

    Covered
  • Trading

    Covered
  • Derivatives

    Covered
  • Sustainable Finance

    Covered

Top Jobs the FIMC Will Prepare You For

  • Position

    1st Year Salary + Bonus *

  • Credit Trader

    $135-160,000

  • Rates Trader

    $135-160,000

  • Fixed Income Salesperson

    $135-160,000

  • Fixed Income Structurer

    $135-160,000

  • Fixed Income Quant

    $175-200,000

  • Fixed Income Portfolio Manager

    $105-130,000

  • ESG Analyst

    $105-130,000

  • Debt Capital Markets Analyst

    $135-160,000

  • Corporate Treasury

    $100-125,000

* glassdoor.com estimates.

$145K
The average starting salary + bonus for Fixed Income Markets Sales & Trading Analysts. See our Sales & Training Salary Guide for more details of the career and pay progression. Data on average starting salaries is based on glassdoor.com U.S. estimates.

The FIMC© is the same program used to train new hires at Wall Street's largest investment banks

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WSP trains investment professionals and traders at the world's largest sell-side investment banks and buy-side asset managers.

"Our employees are telling us this is the best virtual learning experience they have ever had."

— Associate Director, Learning & Development
Global Investment Bank

What's Included

14 Lessons
1h 2m

Intro to Financial Markets

 14 Lessons  1h 2m

Course 1 of the Fixed Income Markets Certification (FIMC©) program. This course sets the foundations of the Fixed Income Markets, providing an overview of how Investors provide capital to Issuers through the Buy Side Investors and the Sell Side Investment Banks. We discuss the main Fixed Income Investors and how they are different have different ob ...

Course 1 of the Fixed Income Markets Certification (FIMC©) program. This course sets the foundations of the Fixed Income Markets, providing an overview of how Investors provide capital to Issuers thro ...

Course 1 of the Fixed Income Markets Certification (FIMC©) program. This course sets the foundations ...

1
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20 Lessons
1h 42m

Intro to Fixed Income Trading & Bonds

 20 Lessons  1h 42m

Course 2 of the Fixed Income Markets Certification (FIMC©) program. We begin with an overview of how Bonds are Traded: Over the Counter and at an Investment Bank. We discuss the different desks are broker out by asset class and how bonds are quoted. We then proceed with an overview of Bonds, demystifying a Bloomberg DES screen and walking through t ...

Course 2 of the Fixed Income Markets Certification (FIMC©) program. We begin with an overview of how Bonds are Traded: Over the Counter and at an Investment Bank. We discuss the different desks are br ...

Course 2 of the Fixed Income Markets Certification (FIMC©) program. We begin with an overview of how ...

2
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20 Lessons
1h 58m

Economics & Role of Central Bank

 20 Lessons  1h 58m

Course 3 of the Fixed Income Markets Certification (FIMC©) program. Changes in Supply and Demand drive changes in Prices and Yields. We begin by taking a look at a Treasuries are auction and how shifting demand moves prices. Afterwards, we expand to a macro view and look at the tools of the Fed the can shift the overall market. We begin by analyzin ...

Course 3 of the Fixed Income Markets Certification (FIMC©) program. Changes in Supply and Demand drive changes in Prices and Yields. We begin by taking a look at a Treasuries are auction and how shift ...

Course 3 of the Fixed Income Markets Certification (FIMC©) program. Changes in Supply and Demand dri ...

3
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11 Lessons
0h 57m

Money Markets

 11 Lessons  0h 57m

Course 4 of the Fixed Income Markets Certification (FIMC©) program. Money Markets form a basis for the bond markets and the derivatives markets. We begin with an overview of money market investments and investors. We use Money Markets to calculate the returns of actual fixed income investments in both Excel and Bloomberg. We conclude by discussion ...

Course 4 of the Fixed Income Markets Certification (FIMC©) program. Money Markets form a basis for the bond markets and the derivatives markets. We begin with an overview of money market investments a ...

Course 4 of the Fixed Income Markets Certification (FIMC©) program. Money Markets form a basis for t ...

4
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11 Lessons
1h 4m

Government Bonds

 11 Lessons  1h 4m

Course 5 of the Fixed Income Markets Certification (FIMC©) program. Building on the concepts in the Money Markets course, we analyze Bond Math and Bond Returns using Government Bonds. We start off by building the cashflows of two Government Bonds and valuing those bonds by discounting the cashflows using strips. We then converted our discount value ...

Course 5 of the Fixed Income Markets Certification (FIMC©) program. Building on the concepts in the Money Markets course, we analyze Bond Math and Bond Returns using Government Bonds. We start off by ...

Course 5 of the Fixed Income Markets Certification (FIMC©) program. Building on the concepts in the ...

5
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23 Lessons
2h 16m

Corporate Bonds

 23 Lessons  2h 16m

Course 6 of the Fixed Income Markets Certification (FIMC©) program. In this course, we examine Corporate Bonds and how they are priced, valued and traded. We begin by discussing credit spreads and discussing the key credit spread (T, G, I and Z). We then discuss trading conventions and mechanics, from cashflow, price calculations, trade execution p ...

Course 6 of the Fixed Income Markets Certification (FIMC©) program. In this course, we examine Corporate Bonds and how they are priced, valued and traded. We begin by discussing credit spreads and dis ...

Course 6 of the Fixed Income Markets Certification (FIMC©) program. In this course, we examine Corpo ...

6
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31 Lessons
2h 25m

Mortgage Backed Securities

 31 Lessons  2h 25m

Course 7 of the Fixed Income Markets Certification (FIMC©) program. Agency Mortgage Backed Securities are the second largest asset class in Fixed Income. In this course, we provide an overview of how the Mortgage Market and how Mortgages are securitized. Prepayments in mortgages add complexity to how we value mortgages. We cover the CPR and PSA pre ...

Course 7 of the Fixed Income Markets Certification (FIMC©) program. Agency Mortgage Backed Securities are the second largest asset class in Fixed Income. In this course, we provide an overview of how ...

Course 7 of the Fixed Income Markets Certification (FIMC©) program. Agency Mortgage Backed Securitie ...

7
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26 Lessons
2h 3m

ESG Investing, Green Bonds and Social Bonds

 26 Lessons  2h 3m

The last decade has seen exponential growth in ESG investing worldwide. Designed for those seeking to learn about the role of Sustainable Finance at an Investment Bank, this course explores exactly how this transformation happened and how the market formalized the structure and conventions for Green Bonds and Social Bonds. It discusses both from th ...

The last decade has seen exponential growth in ESG investing worldwide. Designed for those seeking to learn about the role of Sustainable Finance at an Investment Bank, this course explores exactly ho ...

The last decade has seen exponential growth in ESG investing worldwide. Designed for those seeking t ...

8
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97 Lessons
8h 41m

Elective Crash Course in Bonds and Debt

 97 Lessons  8h 41m

This course will teach you all about bonds. First, we'll take a look at the role of bonds in financing governments, corporations, households and financial institutions around the world. Next, we'll dive into bond math. You'll learn the various calculations and concepts required to accurately analyze the large variety of fixed income products. We'll start slow, but will quickly ...

This course will teach you all about bonds. First, we'll take a look at the role of bonds in financing governments, corporations, households and financial institutions around ...

This course will teach you all about bonds. First, we'll take a look at the role of b ...

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20 Lessons
1h 9m

Elective Debt Capital Markets Primer

 20 Lessons  1h 9m

Corporate finance bankers interact regularly with their product partners in debt capital markets, yet many have a limited understanding of the key drivers behind DCM business. This webinar begins by introducing you to the key DCM business lines, including Loan Syndication, Debt Origination, Liability Management and Risk Management. Next, it examines the ways DCM bankers interac ...

Corporate finance bankers interact regularly with their product partners in debt capital markets, yet many have a limited understanding of the key drivers behind DCM business. ...

Corporate finance bankers interact regularly with their product partners in debt capi ...

View Course TOC
30 Lessons
1h 19m

Elective Debt Capital Markets: How to Survive Day 1

 30 Lessons  1h 19m

Designed for incoming and prospective DCM/Capital Markets analysts and interns with no prior DCM experience, this course will provide an insider's prospective of what you''ll be doing on the job. We'll focus on industry knowledge not taught in school and demystify industry jargon. We start with the basics: what DCM actually does, what a DCM desk looks like and how to use the tu ...

Designed for incoming and prospective DCM/Capital Markets analysts and interns with no prior DCM experience, this course will provide an insider's prospective of what you''ll ...

Designed for incoming and prospective DCM/Capital Markets analysts and interns with n ...

View Course TOC

Get the Fixed Income Markets Certification (FIMC©)

Fixed Income Markets learners are eligible to earn Wall Street Prep's globally recognized Fixed Income Markets Certification (FIMC©). The certification is earned by successfully completing the final exam from each of the program's individual courses. These online assessments can be taken any time after enrollment in the program.

Course Samples

Bond Coupons
Economic Indicators
Introduction to Yield Curves
Overview of Money Market Bond Math: Discounts
Libor and the Eurodollar Market
Introducing US Treasuries
US Treasury Cashflows
High Yield Bonds
Overview of the Mortgage Backed Securities Market

Meet Your Instructor

Eric Cheung

Eric is the lead instructor for Wall Street Prep’s Capital Markets and Sales & Trading programs. Eric’s financial markets career began after he was a finalist for J.P. Morgan’s Fantasy Futures trading competition. Eric worked at J.P. Morgan for 10 years across DCM, Syndicate and Sales & Trading Roles, including in the Cross Asset Sales & Structuring group with trade execution experience across all asset classes. Eric is an expert in International Markets and Cross-Border transactions with global work experience in New York, London, Hong Kong and Tokyo.

Round Out Your Markets Training:
Buy the FIMC© and EMC© Together and Save $199

Fixed Income Markets
Certification (FIMC©)

11 Courses • 24h 36m

Reg Price $399

Equities Markets
Certification (EMC©)

7 Courses • 9h 52m

Reg Price $299

  • Buy both programs together for a complete Markets Training Program.
  • Gain a real-world understanding of Fixed Income and Equities Markets trading.
  • Learn what it takes to become a successful trader on the Buy Side and Sell Side.
$499 Reg. $698

Frequently Asked Questions

How long does it take to complete the full certification program?

Most participants need ~25 hours to complete the program, which is approximately 4 weeks at 6 hours a week. The core curriculum is comprised of 8+ hours of videos, 7 excel based exercises, 10 quizzes and a certification exam. The program also includes 3 elective courses.

How do you teach Bloomberg?

Skills taught in Bloomberg are divided into bite-sized and searchable videos. The videos are recorded from a start screen with individual functions and keystrokes called out and highlighted to make the process easily replicable. Excel exercises files have the Bloomberg codes and syntax for participants to replicate their analysis on their own stocks and indices.

Do any Investment Banks use this program to train new-hire salespeople and traders?

Yes – this same material is used to teach new hires at large investment banks across the world. This course was designed based on the needs of investment banks to train new hires, and we’re excited to offer the same materials in a certification program.

What background knowledge is necessary? Are there any prerequisites needed?

This course is carefully constructed to assume no background knowledge or prerequisites. We balance that with the understanding that the typical learner has a passion for finance and strive for a balance that is not too basic but does not assume prior knowledge.

Do I need to take the courses in a specific order?

No, although the courses are designed to flow in a certain order, they can be taken in individual bite sized lessons. Perfect for the busy professional that needs to quickly learn or reference a specific topic.

Earn CPE Credits with WSP Online Courses

Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.