The only credential based on real-world financial modeling challenges.
Build on your AFM by demonstrating complex problem-solving skills in a 4-hour, Excel-based, proctored exam.
Why the CFM
The Chartered Financial Modeler (CFM) accreditation is the only credential based on real-world financial modeling challenges. It is designed for Advanced Financial Modeler (AFM) accreditation holders who want to validate more sophisticated modeling abilities.
The CFM showcases problem solving and creativity in the face of complex problems, and demonstrates the exceptional modeling skills required in intensive modeling roles.
The online, proctored CFM exam is offered annually in October. The next sitting is October 23, 2027.
What makes the CFM unique
Credible skill assessment
Candidates resolve a selection of curated problems in Excel. There are no multiple choice options.
A rigorous process
The exam is proctored, time-bound, and graded by experts. Success is earned.
Learning resources
Candidates receive learning resources, including an index of past exam questions and answers.
Passing the CFM validates a higher level of skill in financial modeling.
The CFM is a fit for experienced modelers who recognize themselves in the following.
Register for the October 23, 2027 Exam
You value your AFM accreditation and want to build on it.
You regularly face advanced financial modeling challenges.
You work with and interpret models built by others, and aim to improve them.
You are looking for opportunities to accelerate or transition your career.
You value being part of an elite, collaborative global community of modelers.
To be known for expert skills, you have to demonstrate them.
In this 4-hour, Excel-based exam, candidates are given discrete financial modeling problems to resolve. Each one requires finding the source of the problem, developing a solution, and then executing it in Excel.
A strong understanding of Excel and applied financial modeling ability is required.
Historical exam problems include:
International expansion
Assist a growing fashion boutique with sales projections for its international expansion.
Model audit
Audit a junior banker's model to help their client reapply for refinancing.
Financing decision
Help an investment fund choose the best financing option for a major asset purchase.
Strategic planning
Support a manufacturer's strategic planning by forecasting future operating profits.
Exam topics
The CFM exam offers a selection of problems from areas including:
Hear from CFM accreditation holders
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.
”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.
”The FMI sets a high standard for financial modeling around the world.
”From AFM to CFM
The CFM is the next step for AFM accreditation holders, with one sitting each October.
Hold the AFM accreditation
The CFM builds on the Advanced Financial Modeler (AFM) accreditation. Learn about the AFM.
Register for the exam
Registration for the October 23, 2027 sitting closes September 24, 2027, four weeks before the exam.
Prepare using FMI learning resources
Access the CFM learning resources, including an index of past exam questions and answers.
Write the exam from home or office
Complete the 4-hour, proctored exam remotely using your own computer and a reliable internet connection.
Receive your accreditation
Successful candidates earn the Chartered Financial Modeler accreditation, digital badge and certificate.
The CFM sets you apart as a financial modeling expert.
FMI offers three accreditation levels. Each one validates a deeper level of financial modeling skill.
Compare the Accreditations
Ready to earn the CFM?
The highly regarded CFM accreditation sets you apart as a financial modeling expert.
