Chartered Financial Modeler

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

Why the CFM?
For Advanced Financial Modeler (AFM) accreditation holders who want to validate their more sophisticated modeling abilities. Showcase your problem solving and creativity in the face of complex problems. This exam is the only accreditation founded on real-world financial modeling challenges.

The online, proctored CFM exam is offered annually in October.

Credible Skill Assessment
You will resolve a selection of curated problems in Excel - no multiple choice options.
Rigorous Process
Your exam will be proctored, time-bound and graded by experts - success is earned.
Learning Resources
You will receive learning resources including an index of past exam questions and answers.

Demonstrate the exceptional modeling skills required in intensive modeling roles.

Don’t just take our word for it…

Is it for me?

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

    • You value your AFM accreditation and seek to build upon it.

    • You regularly face advanced financial modeling challenges.
    • You engage with and interpret models developed by others, with an aim to enhance them effectively.
    • 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 is offered yearly.
The upcoming date is: October 26, 2024
Registration closes four weeks before each exam.

The CFM exam will offer a selection of problems from areas including:

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    CAPEX & Depreciation
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    Income Tax
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    M&A / Subsidiaries
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    Operating and Non-Operating Costs
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    Sensitivity Analysis & Summary Automation
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    Timing Flexibility
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    Working Capital
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The highly-regarded CFM accreditation sets you apart as a financial modeling expert.