The FMI was established by The Marquee Group in collaboration with the Financial Modeling World Championships. The Marquee Group is a leading global provider of financial modeling training and consulting. Since 2012, the Financial Modeling World Championships is the world’s largest professional competition for Microsoft Excel, Financial Analysis, Investment Analysis, and Financial Modeling with a community of over 10,000 professionals and students. We recognized the skills shortage and the need for a universal, credible, accurate, and high-quality technical certification program for financial modeling. FMI collaborates with global experts and thought leaders in the field who are committed to promoting best practices, reducing risk, and improving standardization in the financial modeling profession. The FMI celebrates financial modelers across the world and our certification exams improve global skills in financial modeling.
Financial modeling plays an integral part in business decision-making, with modelers informing key transactions and critical business decisions. This exam is the only accreditation that validates mastery of this skill.
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.
Build an interactive financial model of the company, including inter-related: Statement of Profit or Loss (Income Statement), Statement of Cash Flows (Cash Flow Statement), Statement of Financial Position (Balance Sheet)
Design a modern model structure based on pre-determined model outputs & requirements
Build a clear revenue schedule to forecast company sales
Recall the techniques for model auditing tax and deferred tax treatment, depreciation calculations, integrity & error checking, and more
A F M program is open to anyone who has an interest in or currently works in business analysis, business planning, and financial modeling. From entry levels to seasoned industry professionals.
To achieve the Advanced Financial Modeler (AFM) accreditation, you need to demonstrate your superior modeling skills by building an integrated 3-statement model from scratch, within a 4-hour time allotment.
No. Each level is recognised as its own standalone accreditation - although, you will need to complete the prior accreditation to achieve the next level.
Candidates are expected to build a financial model from scratch in order to demonstrate their modeling skills.
The FMI administers virtual exams several times per year. In the virtual format, you can register and write from anywhere in the world.
In order to assess true financial modeling ability, we adhere to the strictest code of integrity. All exams are:
Proctored: Candidates are supervised during exams.
Closed-book: Candidates are not permitted access to external resources during the exam.
Excel-based: All exams assess applied ability; there is no multiple-choice in an FMI exam.
Exams are graded manually by members of the FMI Grading Team using a formal grading rubric. Each exam is anonymized prior to grading. The exams are subjected to a three step process involving multiple graders. Every effort is made to ensure a fair and appropriate evaluation.
