Level 1: Advanced Financial Modeler (AFM)

Break into the career you've always wanted with our Level 1 Advanced Financial Modeling certification. This exam forms the foundation for subsequent certification levels and focuses on the skills required to design and build integrated financial models.

Level 1: Advanced Financial Modeler (AFM)

Break into the career you've always wanted with our Level 1 Advanced Financial Modeling certification. This exam forms the foundation for subsequent certification levels and focuses on the skills required to design and build integrated financial models.
Begin with Level 1

Register for October 2020

Why earn the AFM?

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 to differentiate yourself in an increasingly competitive financial environment. Consider how obtaining the AFM can accelerate your career:

Skill Validation: Demonstrate advanced financial modeling proficiency to yourself and employers
Personal Development: Invest in yourself by earning certifications that are challenging and revered by the industry
Career Flexibility: Obtain a skillset that is globally relevant and respected across multiple lines of business

Why earn the AFM?

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 to differentiate yourself in an increasingly competitive financial environment. Consider how obtaining the AFM can accelerate your career:

Skill Validation: Demonstrate advanced financial modeling proficiency to yourself and employers
Personal Development: Invest in yourself by earning certifications that are challenging and revered by the industry
Career Flexibility: Obtain a skillset that is globally relevant and respected across multiple lines of business

Who is it for?

From finance students to seasoned industry professionals, the AFM designation is ideal for those who:

  • Understand the fundamentals and methodologies of financial modeling
  • Want to hone and validate their skills
  • Work as part of a larger team to provide support for improvement or new projects
  • Work extensively with Excel in their day-to-day work to make sound financial decisions

Who is it for?

From finance students to seasoned industry professionals, the AFM designation is ideal for those who:

  • Understand the fundamentals and methodologies of financial modeling
  • Want to hone and validate their skills
  • Work as part of a larger team to provide support for improvement or new projects
  • Work extensively with Excel in their day-to-day work to make sound financial decisions

What Candidates are Saying

ALEXANDER GURINOVICH, AFM, MBA, CPA, CMA, CFA,
Director, Financial Planning and Analysis - Movati Athletic | Toronto, Canada
ZWELI THOBELA, AFM
Investment Analyst - Alithea IDF | Johannesburg, South Africa
RAFID AL-HASSANI, AFM
Analyst, Venture Capital - CIC Capital | Montreal, Canada
GABRIELE DI ROSSI, AFM
Financial Analyst - Saudi Aramco | Dhahran, Saudi Arabia

What Our Candidates are Saying

ALEXANDER GURINOVICH, MBA, CPA, CMA, CFA, AFM
Director, Financial Planning and Analysis, Movati Athletic
RAFID AL-HASSANI | AFM AS OF MAY 2018
Analyst, Venture Capital - CIC Capital | Montreal, Canada
KEVIN VUCKOVIC
Equity Capital Markets Analyst, Canaccord Genuity
GABRIELE DI ROSSI | AFM AS OF OCTOBER 2019
Financial Analyst, Saudi Aramco | Tehran, Saudi Arabia

Level 1 Topics Covered

During this 4-hour Advanced Financial Modeler (AFM) exam, candidates will be given a case study of a company and an accompanying Excel file that contains 3 years of historical financial statements.

Candidates will be required to build an interactive financial model of a company, including interrelated:

  • Statement of Profit or Loss (Income Statement)
  • Statement of Cash Flows (Cash Flow Statement)
  • Statement of Financial Position (Balance Sheet)
Accounting40%
Finance40%
Financial Analysis0%
Valuations0%
Microsoft Excel70%

How to Study for the AFM

Candidates have two options when it comes to studying for the AFM:

Self Study

If you have a depth of experience in financial modeling then you may be able to pass the AFM without taking a training course. The average candidate studies for 25-100 hours to prepare for the AFM exam.

Take a look at our learning materials to gauge your proficiency and to decide if you need to enroll in a training course.

Take a Course

The FMI provides a global network of Approved Training Providers (ATP’s) that offer training courses for the AFM. Each of our ATP’s have been vetted for:

  • Experienced personnel with a record of excellence in financial modeling
  • The ability to pass an FMI exam
  • An offering of well-regarded courses that would suitably prepare a candidate for the AFM exam

Register for Level 1