Professional Financial Modeler (PFM) is professional certification program which awards PFM designation for those who have attended preparation class and pass a single level exam. The curriculum covers the field of financial model, which deals with predicting the future of financial condition of a company or project and to conduct thorough analysis on them.

PFM program is aimed at professionals dealing with development, maintenance and analysis of financial model and also individuals who want to embark career in financial sector. In order to sit in PFM Examination, participant must attend preparation program held by licensed training providers authorized to deliver PFM Program. The program is currently available as class room program in several countries.

The program consists of two components:

  1. Preparation program
  2. International examination

PFM preparation and examination is a highly interactive program designed to deliver practical understanding on effective financial modeling. The program covers many subject areas and and through real-life case studies, the emphasis will be on practical approaches.

PFM Curriculum embeds new concepts and models which are not delivered in other modeling classes where some concepts are proprietary to PFM Program.

PFM has adopted Sustainable Financial Modeling principles to ensure that a model developed has reasonable and adequate basis on model preparation process with emphasis on model reasonableness in the long run.

PFM Program provides some notable benefits to Candidates:

  • PFM Curriculum employs methods which will improve prediction and valuation quality
  • Applicable to most industries
  • The rigorous exam ensures that the participant knowledge retention rate will be much higher than non exam training. The exam also ensures that the designation holder already meets a certain standard. This is the key benefit obtained by companies who send their people to take PFM program.
  • Full of spreadsheet based practice to ensure that the curriculum can be applied in real life situation.
  • Participants who pass exam will be awarded Professional Financial Modeler (PFM) international designation.
  • Access to financial modeling community.
  • There will be no modeling software or third party service used or promoted.

Focus on core modeling skill

Financial Model is required skill that has to be mastered for individuals seeking career in finance, investment and risk management field. Financial Model is commonly an important job function which is required in many of the highest paying jobs in financial sector. Understanding about how to develop sound models and how to analyze them is a must for all professionals dealing with strategic decision making and analysis.

Understanding about financial model is crucial for professions such as:

  • Financial & investment analyst
  • Commercial credit banker or financial institution
  • Project manager or analyst
  • Investment banker & transaction advisor
  • Strategic & financial planner
  • Risk analyst
  • Accountant
  • Appraisal or valuation specialist
  • Private equity and hedge fund analyst
  • Financial auditor
  • Business development manager
  • Government and public officer or regulator
  • Officer working in NGO or multinational institution
  • Insolvency expert
  • Trader or portfolio and treasury manager
  • Business consultant and advisor
  • Lecturer and education specialist in the field of finance, business, accounting or management
  • Financial controller
  • Economist & quant

Highly specialized professions such as: private equity analysts, investment bankers, hedge fund managers, risk quant, etc.

PFM Program is a full package of Preparation Program and Examination. Currently, the preparation program and examination is available as offline (or called Onsite) program. Online program is under development to enable access by participants from any countries. The program is administered by International Financial Modeling Institute (IFMI).

IFMI, as administrator, has the authority to determine the curriculum of PFM Program including the Body of Knowledge (BOK), determine policy, administer PFM Examination, determine ethics policy, and manage members. By standard, IFMI cannot administer preparation programs to avoid conflict of interest. As such, IFMI appoints Licensed Training Providers to conduct the preparation program and register examination candidate to IFMI for specific country or region.

In order to attend PFM Examination, a candidate must sit in PFM Preparation class. PFM Preparation class is available as public lass and inhouse class. Number of delivery days will depend on discretion of local provider by considering several factor including the level of knowledge of the participants. The default delivery day for public class for practitioner or intermediate to advanced participants is 4 days.

PFM Examination may be taken after participant has attended preparation program which may take 5 days or more depending on the setting of the preparation program conducted by Licensed Training Provider.

Participants will sit on a whole day examination, in which participants will face two sets of exam: Multiple Choice and Computer Practice Exam. In order to obtain PFM Designation, a participant must pass both two exam modules. Should a candidate fails on one or more of the module, he/she is given three chances to attend examination only on the module he/she fails for three times without the need to attend retraining.

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