CERTIFIED ANALYST PROGRAMME

CRISIL CERTIFIED ANALYST PROGRAMME

Batch IX (2015-2017)

DISCOVER YOUR HIDDEN POTENTIAL

Message from the President, Human Resources

Dear Aspirant,
Congratulations on choosing to enroll for the ninth batch of the CRISIL
Certified Analyst Programme (CCAP)!
CRISIL, a global analytical company providing ratings, research, and
risk and policy advisory services, has always strived to make markets
function better. As part of that goal, the CCAP programme leverages
CRISIL's recognised analytical superiority to groom world-class
financial analysts right here in India.
CCAP is a rigorous blend of classroom learning and practical
application of that knowledge in real-world scenarios. The programme
is administered by an expert faculty, both external and in-house, and
provides candidates a well-rounded understanding of the financial
markets and how they work.
CCAP is today a fertile ground for producing exceptional analysts.
Year after year, CCAPians, as the participants are known have
proved their mettle both within CRISIL and in the industry.
The financial markets are becoming increasingly complicated, and
the world needs high-quality analysts who can make sense of them.
So if you have a desire to build a career in this domain, CCAP will show
you the way.
I look forward to having you on board with us!
Wishes,
G. Ravishankar
President, Human Resources
January 2015

CERTIFIED ANALYST PROGRAMME

About CRISIL
CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services.
We are India's leading ratings agency. We are also the foremost provider of high-end research to the world's largest banks and
leading corporations. With sustainable competitive advantage arising from our strong brand, unmatched credibility, market
leadership across businesses, and large customer base, we deliver analysis, opinions, and solutions that make markets
function better.
Our defining trait is our ability to convert data and information into expert judgements and forecasts across a wide range of
domains, with deep expertise and complete objectivity. At the core of our credibility, built up assiduously over the years, are our
values: Integrity, Independence, Analytical Rigour, Commitment and Innovation.
CRISIL's majority shareholder is Standard and Poor's (S&P). Standard & Poor's, a part of The McGraw-Hill Companies
(NYSE:MHP), is the world's foremost provider of credit ratings.

Our Businesses
Ratings

Indias first, largest, and most prominent credit rating

agency

`36 trillion of debt rated

Global Research & Analytics

Largest and top-ranked provider of high-end research

and analytics to the worlds largest financial institutions
and leading global corporations

Market share in bank loan ratings exceeds 50 percent

Works with 12 of the top 15 global investment banks

Rates two-thirds of bonds outstanding in India

Highest number of outstanding SME ratings in India

Client list includes 30 Fortune 500 companies, across a

range of industries

Research

Indias largest independent research house, providing

comprehensive research coverage to more than 1200
Indian and global customers

Provides coverage on 70 industries

90 per cent of Indias commercial banks are our

customers

Largest independent equity research house in India

Official provider of valuations to all mutual funds in

India

Helps Employees Provident Fund Organisation

(EPFO) select fund managers

CRISIL Risk and Infrastructure Solution (CRIS)

*Wholly-owned subsidiary of CRISIL

Offers a wide range of solutions focused on

infrastructure policy, corporate advisory, integrated risk
management and associated consulting services

Serves a variety of clients, including government bodies,

multilaterals, banks and infrastructure companies

Practical and innovative solutions in 31 countries

Client roster includes 50 financial institutions in India and

abroad

Flagship product, RAM, is Indias leading internal risk

rating solution

About CRISIL Certified Analyst Programme

CCAP is a two-year intensive work-cum-study programme that combines job assignments, interactive workshops and
classroom sessions to equip the learner with exceptional financial and business skills. The programme is aimed at developing
world-class financial professionals for various
CCAP's unique work-cum-study format gives us both theoretical
analyst roles in CRISIL. The candidates can
knowledge as well as hands-on experience. The guidance and supervision
look forward to career growth and an
provided by eminent faculty members and the strong leadership team of
attractive package on a par with the industry.
CRISIL acts as a great platform to jumpstart our career in the field of
finance. I believe there can be no better way to learn.
The programme has gained acceptance from
the industry, CRISIL clients and the
Anushree Naik
Batch 2014-2016, CCAP Associate, CRISIL Risk & Infrastructure Solutions
academia.

CCAP Design
The programme kickstarts with a special six-week intensive finance boot-camp. Subsequently, participants are allocated to
business units of CRISIL where they work four days a week from Monday to Thursday. Classes are held on Fridays and
Saturdays. The learning and growth path of the participants is closely monitored to ensure exposure to opportunities that will
facilitate their career progression.
The course comprises four semesters of six months each, during which rigorous academic training is provided on a range of
finance-related subjects.
The programme has been designed keeping in mind domestic and global business needs, and after thoroughly analysing the
existing curriculum of MBA, CA, CFA and FRM programmes. CCAP ensures that each participant develops an in-depth
understanding of financial concepts. This will enable the participants to undertake analytical assignments not just at CRISIL,
but elsewhere in the industry as well.

CCAP Location
The programme will be conducted entirely in Mumbai. Selected participants will have to make their own arrangements for
accommodation and local conveyance in Mumbai.

Batch Size
The intake for the batch of 2015-17 will be approximately 50 participants.

Salary
Participants will be paid an annual salary of `1.25 lakhs p.a. during the first year, and `2.25 lakhs during the second year of the
programme.
At the end of 2 years, the participants will be paid a minimum salary of `6 lakhs p.a. (plus performance-based variable pay).

CFA/FRM Reimbursement
For every level cleared during CCAP, the participant will receive a one-time award of up to `25,000.

CERTIFIED ANALYST PROGRAMME

Who should apply?

We are looking for young professionals with
An interest in finance
An analytical bent of mind
Good communication skills
High level of enthusiasm and initiative
An interest in a long-term career with CRISIL

I joined CCAP with the clear objective of

learning financial analysis and related
disciplines. The programme structure
provides an excellent platform for
'learning by doing', and I believe there is
no better way to learn any skill. My tenure
at CRISIL has further strengthened this
belief, and my understanding and
confidence have grown with each
assignment. The open culture that CRISIL
offers as an organisation also fosters
learning and growth.
Shivani Rathore
Batch 2009-11, Manager, CRISIL Ratings

CCAP was a 'stepping stone' for my career. The two years I spent in
the programme helped me both in my professional as well as
personal life, and made me a more responsible individual.. This
journey allows you to interact with the brightest minds in the industry,
which helps to expand your scope of thinking. The two years were
definitely a great investment made.
Rohit Mundra
Batch 2010-12, Credit Analyst, Global Analytical Center

Development through on-the-job learning/ work exposure

Along with classroom learning, CCAPians also work on live projects
in the different CRISIL businesses. Some of the tasks carried out by
CCAPians during the two years are listed below:
Credit analysis of fixed income instruments issued by corporates,
banks and financial institutions
Feasibility studies and market assessments
Assisting government and private clients in infrastructure projects
Consulting services, design and implementation of specialised risk
management models and systems for financial institutions and
domestic/global banks
Supporting global clients in the research, analysis and assessment of
equity, credit and derivatives instruments
Tracking the financial performance of many Indian/global listed
companies

CCAP Batch 6 (2011 13)

CCAP Academics
The Curriculum
The programme will cover more than 20 subjects in finance, in addition to conducting workshops on developing individual and
leadership skills. The continuous evaluation process will assess learning outcomes on the various courses.

Indicative Course Outline

Semester I
Core Courses
1. Basic Financial Accounting
2. Business & Corporate Law
3. Business Statistics
4. Commercial Banking
5. Financial Institutions & Markets
6. Financial Statement Analysis - Basics
7. Micro Economics
8. Cost & Management Accounting

Semester III
Core Courses
1. Econometrics
2. Financial Derivatives - Advanced
3. Fixed Income Securities - Advanced
4. International Trade & Finance
5. Project Appraisal

Semester II
Core Courses
1. Credit Analysis
2. Corporate Finance
3. Equity Valuation
4. Financial Derivatives Basic
5. Fixed Income Securities Basic
6. Financial Statement Analysis - Advanced
7. Macro Economics

Semester IV
Core Courses
1. Financial Risk Management
2. Mergers & Acquisitions
3. Project Management
4. Security Analysis and Portfolio Management
5. Structured Finance

Other workshops along with the above curriculum :

Workshop by industry experts which will provide the participants with practical insights into their areas of specialisation
within finance.
Skill development workshops to enhance the overall analytical abilities and soft skills of the participants.

CCAP Faculty:
The CCAP faculty includes professors from the top business schools, senior CRISIL professionals and industry experts.

CERTIFIED ANALYST PROGRAMME

Participant Evaluation
CCAP participants will be assessed on both - job and academic performance

Performance Assessment
Participants will be evaluated based on competencies
identified for the role and the actual performance of assigned
tasks. This evaluation will be undertaken every semester.

Academic Assessment
There would be ongoing evaluations during the course along
with an end-term examination. Evaluation can be in the form of
class tests, quizzes, assignments, project work and case
studies.

CCAP for me was full of ups and downs. The 'ups' build
confidence and give you a sense of accomplishment, but
the 'downs' provide valuable experience and learning.
Both are clearly required for a long and successful career,
irrespective of the field one chooses to work in. Being a
fresher, the course has provided me with a steep learning
curve as well as a gradual easing into corporate life
Joshua
Batch 2012-2014, CCAP associate, Infrastructure Advisory,
CRISIL Risk & Infrastructure Solutions

On Completion of the Programme

Growth following CCAP completion
The two years that I spent as part of CCAP have
given me some of the most enriching and rewarding
moments of my career. CCAP not only makes you
an excellent analyst, but also a thinker par
excellence. The unique blend of work and studies,
combined with the knowledge-driven culture of
CRISIL and world-class academic training, ensures
a very strong foundation to build your career. I
strongly recommend this programme to people who
want to make a mark for themselves in the field of
finance.
Gautam Pal
Batch 2007-09, Associate Director
CRISIL Ratings

On successful completion of the programme, all participants will

continue working with their respective businesses, at an increased
salary of at least `6 lakh per annum (plus performance-based
variable pay). They will be designated on a par with the campus
recruits from business schools, who currently join CRISIL as
Management Trainees.

Growth following CCAP completion

Growth within the organisation will depend on the individual's
performance. CRISIL is a meritocratic organisation that believes in
rewarding its employees for superior performance and in promoting
employees with potential.

Admission Process
Eligibility Criteria
The minimum requirement for admission to the programme is:
1. A bachelor's degree with at least 55% marks or the equivalent cumulative grade point average (CGPA). This should be an
aggregate score for the course. Candidates appearing for the final year bachelor's degree/equivalent examination may
also apply.
2. The candidate should have been born on or after January 1, 1990.
Note: Candidates who are in the final year of graduation must produce a certificate from the Principal/Head of the
Department/Registrar/Director of the University/Institution certifying that the candidate has obtained at least 50% or
equivalent grades in his/her studies so far. Such candidates, if selected, will be allowed to join the programme. The deadline for
submission of final mark sheets and certificate is December 31, 2015. Non-fulfillment of this condition will automatically result
in the cancellation of the provisional admission.

Application Process
Aspiring candidates may apply online at www.crisil.com/ccap
for admission to the programme. Candidates will be required to
fill in a basic information form as part of the application process.
Following the submission of the form, the candidate will be
redirected to the payments section online, where the online
payment needs to be made. Online payment can be through
debit card, credit card or internet banking. Payments may also
be made offline.

Many among us don't want to be a part of an experiment.

However, I strongly believe everything in this world starts
with an experiment. I am extremely happy to be a part of
this programme, as it allows me to discuss the actual
problems I face at work with my professors and
colleagues and arrive at the best possible solution,
thereby bridging the gap between theory and practical
experience

Online Payment

Rudranshu Samanta
Batch 2014-2016, CCAP Associate, Research

When directed to the payments section, candidates must pay `1,500 (non-refundable) online as application fee. On
successful completion of the process, the candidate will receive an acknowledgment of receipt of the application.
Offline Payment
Offline payment can be made through the Demand Draft. The applicant must fill the online application. The applicant should
also fill in the demand draft details online. The applicant can then send the Demand Draft of ` 1,500 (favouring CRISIL Limited
and payable at Mumbai) along with a cover letter mentioning the registration number to - The Programme Leader, CRISIL
Certified Analyst Programme, CRISIL House, Central Avenue Road, Hiranandani Business Park, Powai, Mumbai 400076.
The last date for submission of application form is February 28, 2015.

CERTIFIED ANALYST PROGRAMME

Selection Process
Applicants will be shortlisted based on the eligibility criteria. Shortlisted applicants have to go through the below mentioned
selection stages.

CRISIL Aptitude Test

Candidates will have to appear for the CRISIL Aptitude test, which will be conducted across 18 locations in India. The test will
have 5 sections: Verbal Ability, Quantitative Ability, Data Interpretation & Logical Reasoning, General Knowledge and Essay
Writing. The test duration is 135 minutes.
The candidate may submit their latest CAT/ XAT scores held during 2014-15. If the candidate has equal to or more than 90
percentile with a minimum of 80 percentile in all the sections, he/she will not be required to appear for the CRISIL Aptitude test
and will directly appear for the GD/PI round.

CCAP Test Location

North

Chandigarh, Delhi, Jaipur, Lucknow

West

Ahmedabad, Mumbai, Pune

South

Bangalore, Chennai, Cochin, Hyderabad

Central

Allahabad, Bhopal, Indore

East

Bhubaneshwar, Guwahati, Kolkata, Patna

Group Discussions and Personal Interviews

The final round of GD & PI will be held in Chennai, Delhi, Kolkata and Mumbai (subject to change). Final selection will be based
on the candidate's profile, performance in the CRISIL aptitude test, GD & PI rounds.
The selected candidates will be informed by email and the results would also be updated on the website. Selected candidates
will need to confirm their admission before a specified date, failing which their admissions will be cancelled.
Candidates would be required to send their original 10th Standard certificate to confirm their acceptance.
Please note that the original 12th standard, graduation and work experience certificates need to be produced for verification
on the commencement of the programme, failing which the admission will be cancelled.

Batch Statistics

Batch VIII (2014-2015)

Work Experience Distribution

Education Background

9%
14%

Fresher

41%

0-1 year
29%

62%

Above 1 year

Commerce and
Management
45%

Gender Statistics

26%
Male
74%

Engineering

Female

Others

CERTIFIED ANALYST PROGRAMME

Life at CCAP
L House

at CRISI
Christmas celebrations

classroom

IL House

e library at CRIS

ns in th
Exam preparatio

Batch VIII CCAPians

atch VIII)

training workshop (B

ate
A Campus to Corpor

Batch VII CCAPians in the

Fun at the Cafete

ria

10

Important Dates
Last date for submission of application forms

February 28, 2015

CRISIL Aptitude test

March 28 & 29, 2015

Group discussion and personal interviews

April 20 - May 5, 2015

First list for admissions

May 11, 2015

Acceptance confirmations for first list

May 18, 2015

Second list for admissions

May 21, 2015

Acceptance confirmation for second list

May 29, 2015

Commencement of programme

June 15, 2015

For further details

Log on to: www.crisil.com/ccap | Call: +91 22 3342 3000 / +91 976 9797 440 | Email: ccap@crisil.com

Stay Connected

Twitter

LinkedIn

YouTube

Facebook

CRISIL Limited
CRISIL House, Central Avenue, Hiranandani Business Park, Mumbai 400 076. India
Phone: +91 22 3342 3000 | Fax: +91 22 3342 1830
www.crisil.com
CRISIL Ltd is a Standard & Poor's company