The Advanced Financial Modeler (AFM) is the first of three certification levels offered by the FMI. This exam forms the foundation for subsequent certification levels and focuses on the skills required to design and build integrated financial models.
The AFM exam provides participants with a unique opportunity to demonstrate their modeling proficiency through an intensive modeling exam within a controlled environment. Participants who pass the exam will achieve the Advanced Financial Modeler credential.
Why Earn the AFM Certification?
The AFM is the foundational level for earning the most respected financial modeling certification in the industry. It sets the global standard in financial modeling proficiency and allows you differentiate yourself in an increasingly competitive financial environment. Consider how obtaining the AFM can accelerate your career:
The AFM program is open to anyone who has an interest in or currently works in the financial markets. From finance students to seasoned industry professionals, the AFM designation is ideal for those who:
Level 1 Content Overview – Foundational Skills
The AFM certification is open to anyone with an interest in financial modeling. There are no work experience or education requirements and the exams are offered twice a year. Read the Candidate Journey to understand study techniques, exam day, and your options after successfully earning the certification.
Before registering for your AFM exam, please ensure you take the time to understand the following:
The AFM exam is based on self-study exam with individuals typically devoting between 25 and 100 hours to preparation, depending on their level of modeling experience. The FMI would recommend candidates undertake the following activities:
Results are mailed to candidates within 8-10 weeks of the exam. Should you need to re-sit the exam the Re-Take Fee is US$200 (or equivalent in your local currency). This fee covers the administration, facility rental and grading required for the exam.
Once a candidate passes the exam, they may use the AFM designation:
After successful completion of Level 1, candidates can elect to progress to Level 2 – Chartered Financial Modeler.