PFM Program is designed as Certification Program, which means, after taking preparation program, participant can sit in international examination which enables the participant to obtain PFM Designation behind his/her name. The Designation is an international Designation, which means it is valid worldwide.
Obtaining PFM Designation is a long term investment. PFM Program has been continually upgraded and it is envisioned to become the most comprehensive financial modeling examination worldwide with high difficulty and certainly, much lower passing rate. The increasing difficulty will add prestige to people already obtaining the Designation. Hence, if you obtain PFM Designation now while the curriculum is still expanding, you can obtain your designation much easier than waiting for the future. It is a good ‘hedge’ and investment.
The set up and development of PFM certification program has been undergoing rigorous process over the years and PFM Designation can be obtained only through passing the examination. The program is continuously developed by including newly invented or breakthrough knowledge not available elsewhere.
The examination is not a hassle, but it is part of learning process, as the knowledge retention rate of participant who take training and examination has been much higher than those who merely attend training. Examination process ensures that the holders gain credibility and trust from financial profession, employer and client.
Another benefit of taking PFM program is the thoroughness of the program and the relatively short preparation period needed before participant can join PFM Examination. Until now the examination is still a single level examination. PFM program covers all the knowledge needed in order to obtain proficiency in financial modeling. All delivered in just several full day sessions.
PFM Program is fundamentally different from most other financial modeling training programs. Many other financial modeling programs are aimed to train financial model developer. PFM Program is applicable for much wider audience. As seen in graph below, people involved in taking financial modeling program can be divided into 3 segmentations depending on the financial modeling skill subset required in performing job.
- Model Developer is a person whose job is preparing a financial model on mostly full time basis. Some are also analysts of the model. This is the narrowest segment within financial modeling profession. The person is usually required to possess strong skill in spreadsheet programming. PFM does not provide certain developer technical knowledge such as programming language or creation of dashboard. However, PFM Program is useful even for the most advanced model developer as it provides breakthrough knowledge not delivered in other most programs.
- Analyst and Decision Maker is someone who does not create a model from scratch but rather update models based on project or requirement, analyze and make decision based on it. The segment is much wider than model developer. Many of them now use commercially provided financial model softwares. Many of them are also enthusiasts in financial analysis programs such as CFA. PFM Program is very useful for them as it is a blend between financial model and unique analytical knowledge. Such person needs the knowledge to understand and able to upgrade a model, ensure that the model has high predictive value and make striking analysis out of it. PFM provides comprehensive understanding on how to develop a model even from scratch and also numerous Excel templates to enhance learning. The unique knowledge in PFM Program will provide new horizon of analytical knowledge for such professional segment.
- Stakeholder and User is the widest segment within financial modeling profession. They are not model developers or decision makers. The person has job description related to financial model and hence, require some understanding about financial model. Accountant, regulator, tax officer or auditor fall into the category. PFM Program enables them to understand all aspects in a model, including the logic involved and enables them to assess the robustness of a model in relation to market, analyze and help them get hollistic view when conducting their jobs. Accountant, for example, will learn how to relate financial reports which is historical with analytical predictive tools such as credit analysis or valuation.
PFM Candidate is not required to have former experience in functions related to financial modeling. As long as a Candidate fulfills some basic requirements, he/she is eligible for taking PFM Examination.