Information on exemptions relating to all qualifications
with the exception of the Professional Diploma in Financial
Advice (QFA® Diploma)
If applying on the basis of a qualification not listed please submit a detailed
syllabus with your application
In any applicable programme a maximum of 50% of the modules may be exempted.
If you are entitled to exemptions for prior qualifications (and part qualifications) from The
School of Professional Finance these are granted automatically. You do not need to apply for
them but can register directly for the remaining modules/subjects of your chosen course.
Details of these automatic module/subject exemptions are given in The Exemptions
Guidelines and in the individual course descriptions in the School’s prospectus. Please note
this handbook is meant as a quick reference guide only. The Exemption Guidelines can be
downloaded from www.bankers.ie/exemptions should you have more detailed exemption
queries.
*Qualifications from The Institute of Chartered Bankers (UK) which trades as the
Institute of Financial Services School of Finance (IFS)
Please note that if applying for an exemption from CeMAP/CeFA with a qualification from the
IFS there is no exemption fee charged. Candidates must fill out the exemption form (which
can be downloaded from www.bankers.ie/exemption) and submit it with a copy of their
qualification.
The Institute of Bankers School of Professional Finance is a recognised school of University
College Dublin, affiliated with the UCD College of Business and Law
Qualifications
Exemptions
Documentation Required
C11 from the CoP and the
GIFC/IBA
(The Insurance Institute of
Ireland)
Insurance Foundation 1
Photocopy of Parchment
Certificate in Supervisory
Management
IMI
May qualify candidates to
gain exemption from one and
possibly two modules of the
Cert in Front Line
Management. However any
candidate wishing to achieve
this must first provide a full
course description and
syllabus.
Exempt CeMAP 1
Full syllabus & Transcript of
results
CIP 1 and/or CIP 2 and/or
Cip3
Photocopy of Parchment
(if passed as part of The
Institute of Banker’s
arrangement with The
Institute of Financial
Services, the exemption will
be granted automatically
without application)
Diploma in Business Finance IMI
No Exemptions
Diploma in Financial
Management
(ACCA)
Exempt from An Introduction
to Financial Accounting
Information and Information
for Management Decision
Making
Photocopy of Parchment
Diploma in Marketing
The Marketing Institute
Six module exemptions in:
Micro Economics, Macro
Economics, Marketing 1,
Marketing 2, Management
and Organisation Behaviour 1
and Management and
Organisation
Behaviour 2
Photocopy of Transcript of
Results
August 2009
Foundation Certificate in
Marketing & Selling
The Marketing Institute
Four module exemptions
from the following six
modules from the University
Diploma
¾ Micro Economics and
Macro Economics
and/or
¾ Marketing 1 and
Marketing 2
and/or
Management and
Organisation
Behaviour 1 and
Management and
Organisation Behaviour 2
Photocopy of Parchment
Foundation Certificate in
Compliance
(ACOI / IOB / LIA / III)
QFA Regulation
Photocopy of Parchment*
FPC 1/1&2 (Chartered
Insurance Institute) or CeFA
1/1&2 (Institute of Financial
Services)-
Exempt from CeMAP 1 (NI)
Photocopy of Parchment or
Transcript of Results
Professional Diploma in
Financial Services
Management
(Chartered Institute of
Bankers/IFS-UK)
Direct entry to BFS stage 2
Photocopy of Parchment
The Associateship (9 exams)
The Chartered Institute of
Bankers in Scotland
Level two of The Bachelor of
Financial Services Degree
with the Institute of Bankers
in Ireland
Credit The Financial Services
Environment for the purposes
of Business Banking only.
Exempt CeFA 1
Photocopy of Parchment &
transcript of results
The Certificate in Business
Banking (AIB Bank only)
CeMAP 1,2 and 3
Photocopy of Parchment or
Transcript of Results.
(if passed as part of The
Institute of Banker’s
arrangement with The
Chartered Institute of
Bankers in Scotland, the
exemption will be granted
automatically without
application)
August 2009
HETAC/NCEA/BTec Qualifications
NB: A full transcript of results and syllabus summary from each awarding institution must be
submitted
Diploma in Business Studies/
now Ordinary Business
Studies Degree (Hetac Level
7)
Direct Entry to BFS stage 2
Photocopy of Transcript of
Results, photocopy of
parchment and full syllabus
summary.
Higher Certificate Business
Studies (Computer
Applications)
Hetac level 6
Exempt from An Introduction
to Financial Accounting
Information and Information
for Management Decision
making
Photocopy of Transcript of
Results, photocopy of
parchment and full syllabus
summary.
National Cert Business
Studies; BTec Higher National
Cert/Diploma in Business
Studies
A maximum of 6 module
exemptions from the
following (if your
previous study subjects
conform in standard and
content to):
• Quantitative Methods
& Financial Maths
• International Finance
and Trade 1/Treasury
Operations 1*
• eBusiness for Banking
• Management &
Organisational
Behaviour 1 & 2
• Economics (Micro)
• An Introduction to
Financial Accounting
Information
• Marketing 1 & 2
• Economics (Macro)
• Information for
Management Decision
Making
Photocopy of Transcript of
Results, photocopy of
parchment and full syllabus
summary.
August 2009
Primary Degrees
Non Business Studies Degree
with business and/or finance
subjects
Business Studies Degree
Possible exemptions from the
University Diploma, each
application will be reviewed
individually
Possible entry to Graduate
Diplomas
Photocopy of Parchment and
Transcript of Results and
detailed syllabus description
Photocopy of Parchment and
Transcript of Results and
detailed syllabus description
Professional Qualifications
ACA, ACCA, ACMA, ACPA and
ACIS
1. Possible Direct Entry to
Graduate Diplomas
Photocopy of Parchment and
Transcript
2.Exempt University Diploma:
Direct entry to BFS Stage 2
Photocopy of Parchment and
Transcript
Professional Certificate in Stockbroking
Equities securities exam from
the UK, Europe, US
or other developed capital
market such as Australia,
Hong Kong etc.
The Institute of Chartered
Financial Analysts (CFA)
- Level 1 Examination
MSc in Investment and
Treasury (DCU)
QFA – All 6 Modules or part
qualified (less than 6
modules completed)
Exempt from Securities &
Markets Paper
Photocopy of Parchment
Exempt from Securities &
Markets Paper
Photocopy of Parchment
Exempt from Securities &
Markets Paper
Photocopy of Parchment
No exemption granted
Not applicable
August 2009