Chartered Financial Modeler

Build on your AFM by demonstrating higher-order problem-solving skills in modeling.

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FMI
Why the CFM? icon
Why the CFM?
For AFM accreditation holders who want to validate their more sophisticated modeling abilities. They showcase their problem solving and creativity in the face of complex problems. This exam is the only accreditation founded on real-world financial modeling challenges.
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WHAT MAKES THE CFM UNRIVALED?
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Credible Skill Assessment
You will resolve a selection of curated problems in Excel - no multiple choice options.
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Rigorous Process
Your exam will be proctored, time-bound and graded by experts - success is earned.
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Objective & Independent
You will receive a roadmap & practice questions. Optional training is available from ATPs.

Demonstrate the exceptional modeling skills required in intensive modeling roles.

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Don’t just take our word for it…

Dr. Li Duan

The areas being tested by the FMI accreditations are close to daily business and highly relevant.  Commitment to the FMI is an investment in one’s continuing education in financial modelling and a verification that one meets the FMI’s well-defined skill level in financial modelling.

Dr. Li Duan, CFA, CFM

Manager, Advisory – Valuation, Modelling & Analytics @ PwC Deutschland

 

Andrew Grigolyunovich

The FMI sets a high standard for financial modeling around the world.

Andrew Grigolyunovich, CFA, CFM

Chairman – Financial Modeling World Cup

 

Andreas Papastavrou

Both AFM and CFM exams are rigorous & challenging and provide the benchmark for financial modeling skills. As an owner of a consulting practice specialized in financial modeling, these exams allowed me to validate and certify my skills in this area.

Andreas Papastavrou, CFM, FMVA

Manager – Excel Business Modeling Solutions

 

Is it for me?

Passing the CFM validates a higher level of skill in financial modeling.

  • You regularly face advanced financial modeling challenges.
  • You engage with and interpret models developed by others, with an aim to enhance them effectively.
  • You value your AFM accreditation and seek to build upon it.
  • You seek opportunities to accelerate or transition your career.
  • You value being part of an elite and collaborative global community of modelers.
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What does the CFM exam involve?
In this 4-hour Excel-based exam, you’ll be given discrete financial modeling problems to resolve. You’ll be required to find its source, before developing a solution and then executing in Excel.
Historical exam problems include:
  • Assist a growing fashion boutique with their international expansion sales projections.
  • Audit a junior banker’s model to help their client reapply for refinancing.
  • Help an Investment Fund choose their best financing option for a major asset purchase.
  • Support a manufacturer’s strategic planning by forecasting future operating profits.
To be known for expert skills, you’ve got to demonstrate them. A strong understanding of Excel and applied financial modeling ability is required.
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The CFM exam will offer a selection of problems from areas including:

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    Debt
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    Subsidiaries
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    Data Management
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    Supporting Schedules
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    Sensitivity Analysis
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    Revenues and Working Capital
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  • CFM Certification Icon
  • MFM Certification Icon

*This exam forms the foundation for the subsequent optional accreditation level MFM.

How to study

Once you register, you will be given a learning roadmap, preparation videos, and practice exams.

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Self-study

Available to AFM-accredited candidates only: prepare for the CFM exam using our in-depth learning materials, roadmap and resources.

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Training partners

Candidates looking for additional instruction can enroll in training with one of our Approved Providers.

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The highly-regarded CFM accreditation sets you apart as a specialist in the modeling field, granting you access to a globally recognized network of professionals.

Virtual exam registrations now open.
Click here to view upcoming dates.

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