Certification Overview

Begin with Level 1

Next Exams Start in October 2021

The World's Most Prestigious

Financial Modeling Certifications

The FMI’s financial modeling certifications are internationally recognized credentials for advanced Microsoft Excel, financial analysis and financial modeling skills. The FMI offers three levels of certification, gradually increasing in difficulty as candidates obtain each subsequent level: Advanced Financial Modeler (AFM); Chartered Financial Modeler (CFM); and Master Financial Modeler (MFM). Each level is recognized as its own qualification.

The World's Most Prestigious

Financial Modeling Certifications

The FMI’s financial modeling certifications are internationally recognized credentials for advanced Microsoft Excel, financial analysis and financial modeling skills. The FMI offers three levels of certification, gradually increasing in difficulty as candidates obtain each subsequent level: Advanced Financial Modeler (AFM); Chartered Financial Modeler (CFM) ; and Master Financial Modeler (MFM) . Each level is recognized as its own qualification.

Levels of Certification

Hours Per Exam

Testing Centres

25 to0

Study Hours Per Level

Level 1: Advanced Financial Modeler (AFM)

The Advanced Financial Modeler (AFM) is the first of three certification levels offered by the FMI. The AFM exam tests a candidate’s technical modeling ability through building an integrated three statement model over the course of four hours. Participants who pass the exam will achieve the Advanced Financial Modeler credential.

Learn More about Level 1: AFM

Level 2: Chartered Financial Modeler (CFM)

The Level 2 Chartered Financial Modeler (CFM) builds on the topics covered in the Level 1 Exam. During the CFM Exam candidates will be faced with problem solving scenarios where they will have to demonstrate an advanced and thorough understanding of financial modeling, financial analysis, and advanced excel.

Learn More about Level 2: CFM

Level 2: Chartered Financial Modeler (CFM)

Learn More about Level 2: CFM

Level 3: Master Financial Modeler (MFM)

The Level 3: Master Financial Modeler (MFM) is the highest level of certification achievable. Experts who complete the MFM can support the increasingly complex forecasting and financial analysis needs of global organizations and effectively translate business strategies into analytical advantage.

Learn More about Level 3: MFM

FMI Advantages

In-Person

Exams are held at physical testing centres around the world. In-person exams are the gold standard for certifications in the finance industry, such as the CFA®.

No Multiple-Choice

Exams are computer-based and done in Excel. The FMI requires candidates to actually demonstrate their financial modeling proficiency by modeling in Excel.

True Competency

FMI’s curriculums ensure that candidates are competent in all areas of financial modeling.

Industry Developed

FMI certifications are built and supported through industry partnership with exams developed by industry-leading experts.

Globally Recognized

Because FMI candidates around the world are held to the same high-standard, each certification is internationally recognized.

No Internet

All exams are formally proctored and held in true “closed book” exam conditions. Candidates are not permitted to reference any external materials, internet or mobile devices during the exam.

"The FMI sets a very high standard for financial modeling around the world."

ANDREW GRIGOLYUNOVICH, CFM

Founder & CEO - Financial Modeling World Cup | Riga, Latvia

The Candidate Journey

STEP 1

STEP 2

SELF-STUDY OR TAKE A COURSE WITH AN APPROVED TRAINING PROVIDER

STEP 3

THE EXAM

Review the Exam FAQ

STEP 4

RESULTS & USE FMI DESIGNATION

How to Use Your Designation

"I felt completely supported throughout the study process, FMI looks out for candidates in a way that is second to none."

KEVIN VUCKOVIC, AFM

Equity Capital Markets Analyst - Canaccord Genuity | Toronto, Canada

FMI Level Matrix

	Level 1	Level 2	Level 3
Prerequisites	None	Level 1: AFM	Level 2: CFM
Who is it for?	Analyst level or anyone who builds models of companies	Senior Analyst level or anyone who builds models of companies	Consultants, managers and other professional financial modelers
What skills are required?	Proficiency in building integrated 3-statement models	Demonstrated ability in advanced Excel and financial modeling topics	Expert level skills in areas of accounting, finance, analysis, valuations and financial modeling
	> Learn More About Level 1	> Learn More About Level 2	> Learn More About Level 3

FMI Level Matrix

	Level 1
Prerequisites	None
Who is it for?	Analyst level or anyone who builds models of companies
What skills are required?	Proficiency in building integrated 3-statement models
	> Learn More About Level 1

	Level 2
Prerequisites	Level 1: AFM
Who is it for?	Senior Analyst level or anyone who builds models of companies
What skills are required?	Demonstrated ability in advanced Excel and financial modeling topics
	> Learn More About Level 2

	Level 3
Prerequisites	Level 2: CFM
Who is it for?	Consultants, managers and other professional financial modelers
What skills are required?	Expert level skills in areas of accounting, finance, analysis, valuations and financial modeling
	> Learn More About Level 3