Taking the AFM exam was a significant step for me to transition to a role that required financial modeling. I was looking for an opportunity to hone my modeling skills when I discovered the AFM exam. With my academic background in finance, the sample models provided by FMI were enough for me to practice on my own until I was able to build models from blank spreadsheets within a time limit. My exam preparations made me well-equipped for on-the-spot financial modeling exams that I took for my job applications. After my career transition, I was told that my efforts in independently learning financial modeling through various training and certifications outside my initial job were one of the reasons why I was eventually hired. With my positive experience with the exam I have been recommending the exam to friends and fresh graduates who find themselves in a similar situation.
I got a terrific job with a fast growing company with strong support from a PE firm which wants to spend a lot of money on building a national fitness chain. I would need to do a lot of modeling here and my boss told me that he chose me because I have the AFM designation. So my success is to a significant part thanks to you and your amazing firm. Thank you a lot. Looking forward when you introduce 2nd and 3rd levels and I will be among first to register.
“My first exposure to financial modeling was through training provided by my company, PricewaterhouseCoopers (PwC). During the training, we were told about the FMI and its certifications. I rapidly developed an interest in financial modeling and wanted to improve my skills, so I registered for my Level 1 – AFM exam from the FMI.
The FMI exams are very structured and identified the areas where I needed to improve. The registration process was simple, and the FMI materials were very helpful. I learned very quickly. Since studying and preparing for the exam, I build my models from scratch more often and I have become a better financial modeler. I look forward to seeing where my FMI certification will take me. “
FMI offers a top-notch, well-run and efficient financial modeling accreditation service. For exam preparation, they offer clear overviews and fantastic review material so that the candidates know exactly what to prepare for. All information is clear, concise, and complete – no details are overlooked. It was a pleasure to have worked through the process with the FMI.
In addition, they offer great support service as well. From a Slack group for each exam, to 1-on-1 reviewing if needed, they look out for the candidates in a way that is second to none. Their service is to be envied by any competitor, and I would absolutely recommend it to anyone who is looking to further their financial modeling background in any capacity. I am proud to have taken the AFM exam with FMI.
I really enjoyed taking the AFM certificate because it challenges you while expanding all of your prior business, finance and excel knowledge. It is an international certification focused on best practices, providing you with the tools to build and audit best in class financial models. You need to stay focused on the exam preparation, following the study plan provided by FMI, and exercise your best time management, both in studying and on the exam day. I am now looking forward to progress to CFM soon!
As a software engineer, I decided three years ago to pursue my MBA with the goal of transitioning into a career in finance. While exploring the various industries and functions within the financial sector, one requirement I saw frequently in job postings was the ability to build financial forecasts and manipulate data in excel. I chose to sign up for the AFM exam because I wanted to acquire the core skills needed to build a financial model of a company. It was also a way to validate to myself that my skills and methods met the standards set by a well-recognized institute, at the same time, demonstrate my capability to potential employers.
Led by a highly accomplished team with a wealth of capital markets expertise, FMI sets the benchmark for excellence in financial modeling. They offer detailed study guides and sample models to help with exam preparation, making the experience accessible to anyone without prior exposure to financial modeling.
I’ve worked as an analyst in venture capital for the past year and we study several new opportunities on a weekly basis where decisions often have to be made very quickly. The skillset I’ve acquired while preparing for the AFM exam has made me more efficient at dissecting financial models of target companies, building my own forecasts, conducting sensitivity and scenario analyses, and presenting those results to my seniors – sometimes it helps me impress them too!
The AFM designation ensures a strong understanding of accounting concepts and the links between the three financial statements, combined with advanced Excel knowledge and the ability to operate quickly (i.e. keyboard shortcuts). I would highly recommend it for anyone in or looking to get into the financial sector.
As an analyst working for a leading Fund Manager, my role is very dependent on how well I work with financial models.
Registering for the Level 1: AFM was an easy decision since I knew it would compliment the CFA designation that I am working towards and cover the financial modeling skills required for my role.
My employer elected to pay for my AFM exam fees to support the investment in my professional development and career success.
Writing the exam in Johannesburg was a smooth and efficient process and the staff at the FMI were quick to answer all of my questions in a friendly and professional manner.
I am very pleased that I passed the AFM exam and the certification is already helping me to advance my career.
I first came across the FMI in 2018 when my interest in financial modeling flourished. After obtaining the AFM certificate and pivoting my career into modeling, the CFM certificate was my next big challenge. I found the CFM exam a great challenge for more experienced modelers. The exam was a great test of problem solving, creativity, time management, and of course best practice financial modeling. I am confident the skills built through studying for the CFM will prove beneficial throughout my career. The FMI team has been fantastic to work with over the years. Having also proctored two exams in Sydney, I’ve seen first hand FMI’s well run operation.
I definitely have no regrets in deciding to take the CFM exam soon after passing the AFM exam .The CFM exam requires much more advanced skills and tests one’s ability to build models very close to the kind of models needed in the real world. The preparations for the CFM exam helped me become both a more accurate and a more efficient modeller. The exam tests best practices and data presentation skills which are very important today when models are shared with different users. What I appreciated the most was the broad and all-encompassing topic coverage that covered many specific accounting topics and different industries. This ascertains that a CFM is truly equipped to be an all-around modeller, and I look forward to preparing for the MFM to further broaden and deepen my skill set.
Both AFM and CFM exams were rigorous & challenging and provide a benchmark for financial modeling skills. Financial modeling expertise takes years to develop and it is important to progressively build up your capabilities. As an owner of a consulting practice specialized in financial modeling, these exams allowed me to validate and certify my skills in this area. The skills tested during the exams are the skills required for a financial modeler based on the level of his experience. Testing center organization was great, and a big plus that it was located in my home town in Athens, Greece.
The FMI sets a very high standard for financial modeling around the world. As the Level 2 CFM exam is new, I can’t yet count on having a test centre in a small country like Latvia where I live. But this just adds to the excitement, as every time I can choose another test centre in another city (London, Zurich, Frankfurt and even Moscow work well for me).