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.