Chartered Financial Modeler

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

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FMI
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.
WHAT MAKES THE CFM UNRIVALED?
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.
Objective & Independent
You will receive a roadmap & practice questions. Optional training is available from training providers.

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 is offered yearly.
The upcoming date is: October 21, 2023
Registration closes two weeks before each exam.

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

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    Revenues
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    Operating Costs
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    Debt and Equity
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    Working Capital
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    Subsidiaries
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    Sensitivity Analysis
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  • CFM Certification Icon
  • MFM Certification Icon

*The CFM accreditation is recommended for those candidates who wish to apply to become a Master Financial Modeler (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

If you’re confident in the practical application of financial modeling skills, learn more about what the AFM exam involves below.

Learning Resources
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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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