Shivani joined CIM in March 2023. She previously held the title of Director and Analytical Team Lead within the U.S. Public Finance Education team at S&P Global Ratings. In this position, she led a team of analysts responsible for reviewing credit ratings on debt instruments issued by not-for-profit higher education entities, charter schools, community colleges, and private K-12 schools. In her 13 years at S&P, she also evaluated and analyzed the creditworthiness of non-profit healthcare entities, not-for-profit organizations, and privatized off-balance sheet housing projects across the United States. As Team Lead, Shivani participated in leading industry and investor conferences and was a criteria subject matter expert for charter schools, higher education, and community colleges.
Prior to joining S&P, Shivani was a Senior Budget Analyst at the NYC Office of Management and Budget. Her core job duties included liaising with city agencies and overseeing the annual and ten-year capital budgets of the city’s two key health agencies, the NYC Health and Hospitals Corporation (the largest municipal healthcare system in the United States) and NYC Department of Health and Mental Hygiene. Before graduate school, she worked for two years as a Senior Credit Analyst at General Electric’s Consumer Finance division in India.
Shivani holds a Master of Public Administration (core concentration in finance) with top honors from Cornell University and a Bachelors of Arts (honors) in Economics and Mathematics from the University of Delhi. She is a CFA®, CAIA ® and FRM ® charter holder.