Practical Proof
A rigorous exam based on a real business case
Candidates complete a financial model in Excel from a case scenario.
Advanced Financial Modeler Accreditation
Be Trusted
The financial modeling accreditation recognized globally by finance professionals.
AFM accreditation holders work at
Reported by AFM accreditation holders
97%
say the AFM strengthened their financial modeling skills.
88%
report a positive career outcome after earning the AFM.
85%
would recommend the AFM accreditation to a colleague.
What makes the AFM unique
Flexible Prep
Designed for working professionals
Reflects the modeling work professionals do in finance, banking, PE, consulting and accounting.
Real-world expertise
Built by practitioners
Created by experienced financial modelers who understand how models drive business decisions.
Guided Learning
Supported by learning resources
Access to learning materials, model examples, and community resources to help you prepare.
Is the AFM for you
Built for finance professionals
Built for finance professionals
The AFM is relevant for professionals in:
Accounting
Investment banking
Private equity
Corporate finance
FP&A
Equity research
Asset management
Other areas of finance
No prior FMI program or coursework required to sit the AFM exam.
Be next level with AFM
You can build a financial model under real-world conditions.
Apply technical modeling skills under time constraints, from scratch and without templates.
You can explain and support your model's assumptions.
Demonstrate your ability to communicate financial logic to clients, stakeholders, and senior colleagues.
You can apply judgment beyond the mechanics of modeling.
Interpret context, challenge assumptions, and stand behind financial conclusions.
Why the AFM Matters Now
Financial modeling requires professionals who can challenge assumptions, validate logic, and explain what the numbers mean.
The AFM is for finance professionals who can build a 3-statement model from scratch and assess models with confidence, whether built by people or supported by AI.
The AFM accreditation verifies
Professional competence through a 4-hour, proctored exam.
Be among our AFMs
“
FMI have put together a truly fantastic curriculum. I really enjoyed the experience and the financial modeling best practices that I've learnt and been able to apply.
”
“
The learning experience from this platform was enriching and provided hands-on experience that I can incorporate immediately into my professional pursuits. I am particularly impressed by the cohort, a group of curious minds eager to elevate financial modeling and continuously evolve in this ever-changing landscape.
”
“
I'm pleased to share that I have now been awarded the Advanced Financial Modeler (AFM) designation by Financial Modeling Institute (FMI)!... It's really just one step in a longer learning process. I'm excited to keep developing my modeling skills and applying them in practice.
”How the AFM works
From registration to accreditation
A flexible path for finance professionals at any career stage.
Upcoming exam dates · select one
October 24, 2026
Next
February 20, 2027
May 15, 2027
July 10, 2027
Advanced Financial Modeler
$725 USD
- One year of FMI Learning Resources
- Globally recognized accreditation
- AFM exam registration
- Write from anywhere
1
Register for an exam sitting
Select an exam date and register. Exams are offered four times per year. Registration for the October 24, 2026 sitting closes September 25, 2026.
2
Prepare using FMI learning resources
Access the AFM learning materials, practice resources, and candidate guidance.
3
Write the exam from home or office
Complete the exam remotely using your own computer.
4
Receive your accreditation
Successful candidates earn the AFM accreditation and digital badge.
Frequently asked
Common questions
What does the AFM exam involve?
You're given a case study, then build an integrated 3-statement model of a company from scratch in Excel, during a 4-hour virtual exam.
What learning resources are included?
Access to the FMI Community platform, including:
- A 12-hour, 60-video financial modeling tutorial series
- Sample models
- Practice exams and solutions
- Live online Q&A sessions with FMI
How many hours does it take to prepare?
Preparation varies with your familiarity with financial modeling and professional background. Previous candidates report preparation times of 50 to 75 hours.
Where can I use my AFM accreditation?
After your name in email signatures, business cards, CVs and published articles. You'll also be listed in the FMI Directory of Accreditation Holders.
Ready to earn the AFM?
Take the next step toward independent recognition of your financial modeling ability.
