Exam Information

 
Information and policies related to FMI programs and accreditations.
 

Exam Calendar

 
Exam Day Registration Deadline Results Release Deadline
Saturday, July 26, 2025 (AFM) Friday, June 27, 2025 Saturday, September 20, 2025
Saturday, October 25, 2025 (AFM and CFM) Friday, September 26, 2025 Saturday, December 20, 2025
Saturday, February 21, 2026 (AFM) Friday, January 23, 2026 Saturday, April 18, 2026
Saturday, May 9, 2026 (AFM) Friday, April 10, 2026 Saturday, July 4, 2026
Saturday, July 11, 2026 (AFM) Friday, June 12, 2026 Saturday, September 5, 2026

Exam Day: Saturday, July 26, 2025 (AFM)
Registration Deadline: Friday, June 27, 2025
Results Release Deadline: Saturday, September 20, 2025

Exam Day: Saturday, October 25, 2025 (AFM and CFM)
Registration Deadline: Friday, September 26, 2025
Results Release Deadline: Saturday, December 20, 2025

Exam Day: Saturday, February 21, 2026 (AFM)
Registration Deadline: Friday, January 23, 2026
Results Release Deadline: Saturday, April 18, 2026

Exam Day: Saturday, May 9, 2026 (AFM)
Registration Deadline: Friday, April 10, 2026
Results Release Deadline: Saturday, July 4, 2026

Exam Day: Saturday, July 11, 2026 (AFM)
Registration Deadline: Friday, June, 12, 2026
Results Release Deadline: Saturday, September 5, 2026

Exam deferrals must be made 48 hours prior to your scheduled exam.

Testing accommodation requests must be submitted 6 weeks prior to your scheduled exam.

 
 
 

Policies

 
 

Testing Accommodations

The process of testing accommodation refers to the provision of special arrangements or adjustments made during an exam to accommodate individuals with disabilities. These accommodations ensure that all candidates, regardless of their circumstances, have an equal opportunity to demonstrate their knowledge and abilities during the examination process.

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Testing Accommodations Checklist for Candidates

Follow these steps to ensure your request for testing accommodations is successfully processed by Financial Modeling Institute (FMI).

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Academic Dishonesty and Disciplinary Appeals Process

This policy applies to all candidates enrolled in the Advanced Financial Modeling (AFM), Chartered Financial Modeling (CFM) accreditations, or the Foundations in Financial Modeling program, administered by Financial Modeling Institute (FMI). 

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Invalid Exam Results (AFM & CFM)

If a candidate’s exam attempt does not comply with the FMI’s Exam Rules and expectations, the exam attempt will be considered invalid, and the exam submission may not proceed to grading.

During the FMI’s post exam validation processes, if a candidate is found to have violated the exam rules an invalid exam investigation may commence. This is including, but is not limited to:

  • late file submissions
  • Communications with other people during the exam
  • opening other websites or computer programs that are not allowed

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Frequently Asked Questions - AFM  

 
 

Before the Exam: 

What study materials are available to help me prepare for the AFM exam?

  • You will be able to access the AFM exam learning materials on the FMI’s Community platform. 
  • These materials include:
    • A 12-hour step-by-step financial modeling video tutorial series (60 videos)
    • Sample models
    • Practice exams and solutions
    • 1-hour Q&A session with FMI to address questions prior to the AFM exam

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AFM Re-Enrollment Options

 
 

Re-Enrollment Fee: $300 USD
AFM candidates who do not pass the exam are eligible for Re-Enrollment at a reduced fee of $300. Re-enrollment provides continued access to the FMI Community, the AFM learning resources and eligibility for the next AFM exam sitting.

Re-Enrollment with an AFM Exam Review: $350 USD
AFM candidates who do not pass the exam are eligible for Re-Enrollment with an AFM Exam Review at a fee of $350. This provides continued access to the FMI Community, the AFM learning resources and eligibility for the next AFM exam sitting. This option will include feedback on the candidate's exam performance. 

If you would like to re-enroll in the AFM Program, please email info@fminstitute.com to confirm your eligibility.