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Investment Management Certificate Program




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Fall 2014

Outlook Conference:

Business Outlook and M&A/Capital Use Trends


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A CFA Institute University Recognized Program Where Students Manage Real Portfolios While Earning Their Degrees

The Investment Management Certificate Program (IMCP, pronounced Imcap) provides students with the knowledge and skills necessary to actively manage a real balanced investment fund of over $300,000. Those completing the certificate will gain a substantial competitive edge in pursuing careers as investment analysts, financial analysts, or investment advisors, and will have an outstanding foundation for portfolio management or becoming independent financiers. Students and donors discuss the program in this video and in this article.

The program is applied in nature. Students learn investments in traditional class settings and by managing a real portfolio. In the practice classes, students carry out all of the duties of investment professionals; thus, when they leave the program they will know analyst level skills because they were analysts in a real setting during school.

The IMCP is a CFA Institute University Recognized Program. This status is granted to institutions whose degree program(s) incorporate at least 70% of the CFA Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams. The CFA charter is a gold standard in the industry and the CFA Institute promotes professional excellence, education, and ethics for the greater good of society.

  IMCP class of 2011



The program is a standout in investment education because:

  • The curriculum focuses on traditional academic theory in an applied setting. Students carry out most of the duties of an actual investment firm. Students are "analysts."

  • The IMCP is truly a program, not a class or a club. Starting in January each year, students receive 17 months of training, and they manage a real portfolio during the last two semesters.

  • Students have discretion over securities held in the portfolio, subject to the director's and board's oversight.

  • The certificate program is a rigorous program and the students report to a board of actual investment professionals.

  • The program has its own lab with numerous investment technologies and resources that students utilize to conduct analyses.

  • Students have many opportunities to meet with investment professionals. In the practice courses, professionals help teach course modules, participate on boards, are guest speakers, and open their doors to meet with students during the IMCP's trips to investment firms.

  • Students are part of a small group of people, all of whom are passionate about investments.

  • The program is supported by a faculty team with a wealth of knowledge of investments and a director with 17 years of investment experience in a variety of areas and types of firms.


"Participating in an applied investment program gave me the skills, knowledge, and relationships that jump started and propelled my investment career. I am very excited to lead the effort to bring these educational elements to University of Wisconsin-Milwaukee's new student investment program."


Dr. Kevin Spellman, CFA, Director, IMCP, Former Analyst, Portfolio Manager, and Director of Research



Related Links


UW-Milwaukee Student Investment Club


IMCP Forum






















    IMCP Student Marco Spada Featured by UWM Graduate School

    $2.5 Million Gift Establishes David O. Nicholas Applied Finance Lab

    IMCP Featured in UWM Alumni Magazine - Controlling Risky Business