Program & Accreditation Comparison

FMI

Compare the World's Best Financial Modeling Programs and Accredations

FMI Foundations in Financial Modeling

Level 1: Advanced Financial Modeler (AFM)

Level 2: Chartered Financial Modeler (CFM)

Level 3: Master Financial Modeler (MFM)

Acquire a comprehensive knowledge of key financial modeling concepts that are integral to your financial modeling journey.

Demonstrate your superior modeling skills by building an integrated 3-statement model from scratch, within a fixed time allotment.

Solve sophisticated problems in Excel to further showcase your financial modeling acumen, also within a fixed time allotment.

Expand the global financial modeling knowledge base through your unique contributions to research and insights.

FORMAT

Proctored 1-hour multiple choice exam

Proctored 4-hour exam to build an integrated 3-statement model of a company

Proctored 4-hour exam to demonstrate complex model problem solving skills.

Application process

PREREQUISITE REQUIRED

None

None

AFM Required

CFM Recommended

TIME COMMITMENT

15 hours

75-100 hours

75-100 hours

Application Process

ACCREDITATION TO USE

Not an accreditation, however successful candidates will be granted a digital badge

AFM

CFM

MFM

PRICE

Foundations in Financial Modeling Badge

Foundations in
Financial Modeling
$195 USD

Develop your financial modeling knowledge with this certification developed by the world's leading financial modelers.

Prerequisite: None.

Exam Dates: You can write the exam whenever you are ready.

This is a one-time purchase that grants you access to FMI for one year.
✓ Unlimited digital access to FMI Learning Resources
✓ Get exclusive access to the FMI Community

AFM Badge

Advanced Financial
Modeler (AFM)
$695 USD

Demonstrate your superior modeling knowledge and technical skills. 

Prerequisite: Comfort building an integrated 3-statement model of a company.

Exam Dates: You have four opportunities to write the exam annually. The upcoming dates are: October 22 (2022), February 11 (2023), April 29 (2023), July 29 (2023) or October 21 (2023).

Registration closes 2 weeks before each exam date.

This is a one-time purchase that grants you access to FMI for one year.
✓ Unlimited digital access to FMI Learning Resources
✓ Get exclusive access to the FMI Community

CFM Badge

Chartered Financial
Modeler (CFM)
$695 USD

Demonstrate your ability to solve sophisticated financial modeling problems. 

Prerequisite: Advanced Financial Modeler Accreditation

Exam Dates: You have two opportunities to write the exam annually. The upcoming dates are: October 22 (2022), April 29 (2023), or October 21 (2023).

Registration closes 2 weeks before each exam date.

This is a one-time purchase that grants you access to FMI for one year.
✓ Unlimited digital access to FMI Learning Resources
✓ Get exclusive access to the FMI Community

When you register:



  • Access to the FMI Community platform which holds our learning materials

  • Choose an exam date

  • Write your virtual exam

  • For those who pass, the ability to use and share your achievement and join our elite alumni community