Certification Overview

Begin with Level 1

Register for October 2020

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.

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Levels of Certification
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Hours Per Exam
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Testing Centres
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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)

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 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.

ANDREW GRIGOLYUNOVICH, CFM
Founder & CEO - AG Capital | Riga, Latvia
The Candidate Journey
STEP 1
REGISTER FOR AN EXAM
STEP 2
SELF-STUDY OR TAKE A COURSE WITH AN APPROVED TRAINING PROVIDER
STEP 3
THE EXAM
STEP 4
RESULTS & USE FMI DESIGNATION
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

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