Diploma in Corporate Finance

CISI Level 6 Diploma in Corporate Finance

Why study the Diploma in Corporate Finance?

The Diploma in Corporate Finance forms part of a joint CISI/ICAEW programme, which will equip you with advanced corporate finance knowledge, skills and expertise. It will enhance the value you bring to the organisation you work with.

Is the Diploma in Corporate Finance right for me?

The syllabus has been developed by corporate financiers to ensure it is work related and transaction oriented. The Diploma assures a clear progressive path from the Certificate in Corporate Finance and successful completion may lead to full CISI Chartered Member status and the ICAEW Corporate Finance (CF) designatory letters.

It is suitable for corporate finance staff seeking an advanced level qualification. It is particularly appropriate for holders of the CISI Certificate in Corporate Finance or ICAEW ACA qualification.

Key features:

Qualification factsheet

Entry requirements and exemptions

There are specific entry requirements for the Diploma in Corporate Finance that must be met before applying to sit the first paper.

Find out if you are eligible

Exemption will only be considered in respect of the Financial Reporting and Financial Statements Analysis unit.

View full details on this exemption

Qualification structure

The new route to the Diploma in Corporate Finance consists of three on-demand exams and one narrative exam. The three new on-demand exams provide a flexible progression route, with each building upon the last in terms of required study hours and complexity.

The existing final unit, Corporate Finance Strategy and Advice is an open book narrative exam that requires candidates to have a detailed understanding of issues, disciplines, regulations and strategies involved in advising on and implementing companies’ corporate finance objectives.

The Diploma in Corporate Finance is regulated by Ofqual as the CISI level 6 Diploma in Corporate Finance. On the European Qualifications Framework, this equates to a level 6 qualification.

Total Qualification Time – 537 hours

The total qualification time (TQT) of this qualification is 537 hours. TQT is an estimate of the number of hours that a typical candidate might reasonably spend achieving the qualification. This will vary depending on your previous experience and include any formal study as well as self-study and assessment time.
Diploma in Corporate Finance


Exam Details

Exam Availability

Pass Mark / Pass Rate

The current pass rate for this exam is and the pass mark is .

Regulated Qualifications Framework

credits on the Regulated Qualifications Framework are awarded upon successfully passing this exam

Feedback and Appeals

For further details on how to give us your feedback and / or Appeal your result, please refer to our Exam Policies.

Transitional arrangements

The route to the Diploma in Corporate Finance has recently been revised, with three on-demand exams replacing a Level 6 Corporate Finance Techniques and Theory (CFTT) narrative paper from summer 2024.

Candidates who achieve, or who have already achieved, the current CFTT exam will have until the December 2025 session to sit and pass the Corporate Finance Strategy and Advice (CFSA) exam and complete the CISI level 6 Diploma in Corporate Finance.

After the December 2025 sitting of CFSA candidates will only be able to achieve the CISI level 6 Diploma in Corporate Finance by passing the three new exams and CFSA. If you have any questions, please contact our Customer Support Team.

Study support

A CISI workbook is required to be purchased when booking each exam. This is to ensure there is one standard workbook from which all exam candidates can prepare. You can also choose to purchase CISI elearning to support your exam preparation.


Book your exam

Complete the booking form and email the completed form to: CorporateFinance@cisi.org

 Diploma in Corporate Finance Booking Form

Accredited Training Partners

You can choose to complete formal training for our exams with a CISI Accredited Training Partner (ATP).

Find an ATP near you

Examination and Study materials

The Financial Reporting and Financial Statements Analysis, Sources of Finance, Capital Investments and Valuations and Mergers & Acquisitions and Market Regulations examinations are on-demand closed book examinations.

The Corporate Finance Strategy and Advice examination is an open book examination. You are permitted to bring in texts, articles and notes of any kind. It is your responsibility to bring any material needed and any such texts brought into the examination venue should be in hard copy only.

Find out more about the examination materials

Post Qualification Opportunities


After successfully achieving the Diploma in Corporate Finance qualification you can join the CISI as a full Member and attain the designatory letters, MCSI. As a Member of the CISI, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator.

Higher Level Qualifications

Obtaining the Diploma in Corporate Finance is one of the pre-requisites required for those candidates wishing to pursue the ICAEW Corporate Finance qualification and the accompanying CF designatory letters. Further information is available here.