New York Institute of Finance

New York Institute of Finance
Type Continuing education institute, for-profit
Established 1922 (1922)
Location New York City, New York, United States
Website www.nyif.com

The New York Institute of Finance is an American Education Company that was founded by the New York Stock Exchange (NYSE).[1]

Since 1922, It has striven to provide top level continuing education to professionals in the finance Industry and corporations worldwide. The Institute owns the trademark "Where Wall Street Goes to School".

History

“In 1921 it became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days…”

“This was the inspiration behind the establishment of the Stock Exchange Institute. The growth of this Institute has demonstrated that it fills a real need. Through Institute classes and lectures in New York, and through Correspondence Courses available to those at a distance, instruction is furnished in all important phases of the security business. Through these facilities, any young man or woman may, while working, obtain an education in finance and allied subjects.”

In 1924, 205 graduated from the New York Stock Exchange Institute. The following year, the institute introduced the “Mock Market”, a trading simulation on the floor of the NYSE after hours becoming 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 of member firms of the Exchange.

The first record of “The New York Institute of Finance” appears in the minutes of the NYSE Board of Governors meeting, October 8, 1942: “Permission has been granted to the New York Institute of Finance to use the Board of Governors meeting room for a lecture course and a portion of the Exchange Floor, after hours, for drill purposes, in connection with a course in military training which is being organized.” The New York Institute of Finance is headed by Albert P. Squier, who had been Associate Director of the Stock Exchange Institute for many years.

The New York Institute of Finance was sold from the New York Stock Exchange to Prentice-Hall in 1960. Via an acquisition of Prentice-Hall by Pearson plc, ownership and management of the New York Institute of Finance moved to Pearson plc, which owns both the New York Institute of Finance and Prentice-Hall. In 2008 the Institute opened its Beijing office. In 2013 ownership of the Institute was transferred to a Pearson company, the Financial Times Group. The Institute's head office is based in Manhattan New York. It teaches a curriculum of professional workplace skills-training in over 120 different financial training courses and offers its own qualifications and Professional Certificates. In 2015 the Institute had over 35,000 students in more than 120 countries, the majority studying via its extensive e-learning library. In 2017, the NYIF was sold and is now an independent company.[2]

Programs

  • Chartered Investment Banking Analyst™
  • Investment Banking and Valuation Professional Certificate
  • Credit Risk Analysis Professional Certificate
  • Financial Modeling Professional Certificate
  • Financial Accounting Professional Certificate
  • Derivatives Professional Certificate
  • Corporate Finance & Valuation Methods Professional Certificate
  • Capital Markets Professional Certificate
  • Data Science for Finance Professional Certificate
  • Options Volatility Trading Professional Certificate
  • Risk Management Professional Certificate
  • Fixed Income Professional Certificate
  • Structured Finance Professional Certificate
  • Portfolio Management Professional Certificate
  • Quantitative Methods for Finance Professional Certificate
  • Derivatives Professional Certificate
  • Data Analysis and Programming for Finance

Accreditations

The New York Institute of Finance works with several associations and organizations to complement their educational programs including:

  • National Association of State Boards of Accountancy (NASBA)
  • Chartered Financial Analyst Institute (CFA Institute)
  • Certified Financial Planner Board of Standards, Inc. (CFP Board)
  • Market Technicians Association
  • The Institute of Certified Bankers (ICB)
  • The Association of Certified Anti-Money Laundering Specialists (ACAMS)
  • Institute of Certified Public Accountants of Singapore (ICPAS)
  • Chartered Investment Banking Analyst™
  • Financial Data Scientist™
  • Project Management Institute (PMI)
  • International Association for Continuing Education and Training
  • Global Association of Risk Professionals
  • FutureLearn
  • New York State Education Department (NYSED)
  • edX

Past delegates include

References

  1. ↑ "Contact Us Archived 2010-01-04 at the Wayback Machine.." New York Institute of Finance. Retrieved on October 4, 2009.
  2. ↑ "About Us". Retrieved 2018-04-30.
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