News Flash: AIWMI has entered in to a strategic partnership with National Institute of Securities Markets (NISM) to jointly offer the prestigious Certified Credit Research Analyst (CCRATM) Certification in India.
Exam Details

AIWMI conducts/delivers its examination with computer-based testing (CBT) provider, Pearson VUE ( across its network of over 5,000 test centres in 180 countries worldwide.

You can locate the nearest exam center at Please take a moment to familiarize yourself with security measures at Examination centre here

Students would be required to pay their examination fees under their AIWMI login post which they will be authorized to schedule their examination at any centre listed on the pearsonvue website. 

Test Accommodation

AIWMI is committed to providing access for all individuals with disabilities. Depending on your geographic region, test accommodations may also be known as “special arrangements” or “reasonable adjustments." For more details on type of accommodation available, please click on or write an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it with details of accommodations required. Test Accommodations may incur certain extra exam charges.

Calculator Policy

Scientific and financial calculators are permitted. Note: Candidates must clear their calculator's memory before starting their exam and after finishing their exam.

Re-schedule Policy

If you wish to reschedule your exam, you must contact Pearson VUE at least two full business days (48 hours) prior to your scheduled appointment. Rescheduling less than 48 hours prior to your appointment may result in forfeiting your exam fees. AIWMI only allows one reschedule free of cost. International Exams (outside Indian subcontinent) would be USD 100 per exam.

Cancellation Policy

No cancellation is allowed. If you wish to cancel your exam, you must contact AIWMI on the contact details provided on

Admission Policy

We ask that you arrive at the test center 15 minutes before your scheduled appointment time. This will give you adequate time to complete the necessary sign-in procedures before beginning your exam. You will be required to show two (2) valid forms of personal identification one from the primary list and another from the secondary list below:

Primary ID:

  • Passport
  • Driver's license
  • Military ID
  • Any government issued ID

Secondary ID:

  • Credit card
  • Debit card

For candidates in India, following IDs can also be presented as Primary ID:

  • Voter ID
  • UID
  • PAN card

Both forms must contain your signature, and at least one form must be a government issued photo ID. Both forms must be in your name as it appears on this confirmation letter. If you arrive more than 15 minutes after your appointment time and are refused admission, the exam fees will be forfeited.

If you need a Name Change, please request the same to AIWMI atleast 10 working days in advance so that we can update your name records. AIWMI won’t be responsible for any refusal to exam admission due to name mismatch issues.

No personal items may be taken into the testing room. This includes all bags, books not authorized by the sponsor, notes, phones, pagers, watches and wallets.

There are two levels of examinations covering all topic areas including basics and expert topics.

Examination paper structure:

Common Exams Hours Format Contents
Level  1 2 MCQ
Level  2 3 Case study based/ MCQ

Exams will be held online on Pearsonvue platform online on a daily basis, Examination fees can be paid under your AIWMI login. The passing score for each exam is 60% with no negative marking in each level. 

CCRA Exam Structure

Sr. No. Name of Module Type of Questions Test Duration in minutes No. of Questions Maximum Marks Pass Marks (%) Negative Marking
1 Certified Credit Research Analyst (CCRA) - Level 1 1 Mark MCQ - 40

2 Mark MCQ - 40
120 80 120 60 No
2 Certified Credit Research Analyst (CCRA) - Level 2 1 Mark MCQ - 50

2 Mark Case study MCQ - 35 (7 case studies of 5 questions  each)
180 85 120 60 No

For more information, please reach us at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it or This e-mail address is being protected from spambots. You need JavaScript enabled to view it

CCRA Brochure

CCRA BrochureDownload the CCRATM Brochure here.



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