Become a Certified Financial Modeling & Valuation Analyst (FMVA)®

Join over one million finance professionals who work for companies like Goldman Sachs, J.P. Morgan, and BlackRock
  • Boost your knowledge and skills
  • Study online at your own pace
  • Get certified in just a few months
FMVA Certified icon

FMVA® At a Glance

Program Overview

Online

100%

Online learning

Video Online

Learn at Your Own Pace

With videos, exercises and quizzes

Lifetime Access

2-Year Access

To our course libary

Courses

29

Total courses (14 required)

Salary

$121,000

Average CFI graduate salary

Templates

120+

Downloadable templates

Teacher

Taught by Industry Experts

Learn from the best

Certificate

Receive a Certificate

Verify your financial skills

Calendar

6 months

Average completion time

How the FMVA® Program Works*

Step 1: Prep Courses Optional

To prepare for the program, take our 7 optional prep courses to learn or review the fundamentals.

Accounting Fundamentals
Beginner
2.5 hours
Preview Course
Capital IQ Fundamentals
Beginner
2 hours
Preview Course
Excel Crash Course - Spreadsheet Formulas for Finance
Beginner
3.5 hours
Preview Course
Introduction to Corporate Finance
Beginner
2.5 hours
Preview Course
Macabacus Essentials
Beginner
1.5 hours
Preview Course
Math for Corporate Finance
Beginner
2.5 hours
Preview Course
Reading Financial Statements
Beginner
1.5 hours
Preview Course
See All Prep Courses

Step 2: Core Courses

Complete 11 core courses to build a strong foundation in financial modeling and valuation.

Accounting Principles and Standards
Intermediate
2.5 hours
Preview Course
Budgeting and Forecasting
Intermediate
7 hours
Preview Course
Building a 3 Statement Financial Model
Intermediate
5.5 hours
Preview Course
Business Valuation Modeling Part I
Intermediate
7.5 hours
Preview Course
Business Valuation Modeling Part II
Intermediate
5.5 hours
Preview Course
Dashboards & Data Visualization
Intermediate
6 hours
Preview Course
Financial Analysis Fundamentals
Intermediate
6.5 hours
Preview Course
FP&A Monthly Cash Flow Forecast Model
Intermediate
3 hours
Preview Course
PowerPoint & Pitchbooks
Intermediate
7.5 hours
Preview Course
Professional Ethics
Beginner
3 hours
Preview Course
Scenario & Sensitivity Analysis in Excel
Intermediate
2.5 hours
Preview Course
See All Core Courses

Step 3: Elective Courses

Choose a minimum of 3 electives (out of 11 available) to explore more advanced topics and specialized subjects.

Advanced Excel Formulas Course
Advanced
6.5 hours
Preview Course
Corporate & Business Strategy
Advanced
7.5 hours
Preview Course
Excel VBA for Finance
Intermediate
7.5 hours
Preview Course
Leveraged Buyout LBO Modeling
Advanced
11 hours
Preview Course
Mergers & Acquisitions (M&A) Modeling
Advanced
8 hours
Preview Course
Mining Financial Model & Valuation
Advanced
5 hours
Preview Course
Presentation of Financial Information
Advanced
2 hours
Preview Course
Real Estate Financial Modeling
Advanced
6.5 hours
Preview Course
Renewable Energy - Solar Financial Modeling Course
Advanced
6.5 hours
Preview Course
Startup / e-Commerce Financial Model & Valuation Course
Advanced
6.5 hours
Preview Course
The Amazon Case Study (New Edition)
Advanced
12.5 hours
Preview Course
See All Elective Courses

Step 4: Final Exam

After completing the required courses, take the FMVA® final exam (with a minimum passing grade of 70%) to earn your program certification.

Step 5: Get FMVA® Certified

Congratulations! Upon completion of the program, you will receive a block-chain digital certificate with your new credentials. You also have the option to order a physical certificate to be mailed to your door.

FMVA® Skill Categories & Learning Objectives

Piechart Graphic

Accounting

See Details
  • Identify key items on the financial statements and describe the interrelationship between all the components

  • Explain the fundamental accounting principles that underly detailed accounting standards

  • Identify the key accounting standards commonly encountered by financial analysts and explain the impact on financial statements and financial models

  • Utilize the keyboard shortcuts to save time and be more efficient in Excel

  • Conduct data analysis using data tables, pivot tables, and other common functions

  • Use advanced formulas and functions to enhance the functionality of financial models

Finance

See Details
  • Explain key concepts around capital investments, the capital-raising process, different forms of financing, and the optimal capital structure

  • Assess the profitability, efficiency, returns, and value of a business using common financial ratios and analytical tools

  • Use key statistical measures to assess trends and relationships within sets of data

Financial Modeling

See Details
  • Build a dynamic, logically designed, well structured 3-statement financial model

  • Create multi-year forecasts for the income statement, cash flow, and balance sheet

  • Perform scenario and sensitivity analyses to enhance the robustness of the financial model

Valuation

See Details
  • Identify the different valuation methodologies and discuss the pros and cons of each

  • Perform a valuation analysis using comparable company and precedent transactions analysis

  • Calculate the weighted-average cost of capital and construct a DCF model in Excel

Budgeting & Forecasting

See Details
  • Apply various forecasting techniques to develop a robust financial forecast

  • Track actual performance against budgeted amounts using variance analysis and other techniques

  • Analyze the impact of a variance analysis on the financial statements and use the results to improve the budgeting process

Presentation & Visuals

See Details
  • Create insightful dashboards and advance data visualization techniques to communicate the results of financial analysis

  • Create aesthetically pleasing and insightful charts, graphs, and tables in Excel

  • Design impactful presentations to communicate key messages to a wide variety of audiences

Strategy

See Details
  • Differentiate between the different levels of a company’s strategy

  • Perform an analysis of external forces and internal competencies and assess the impact on a company’s competitive advantage

  • Generate, evaluate and select optimal strategic alternatives and tie these to a company’s mission, vision, and goals

Taught by Industry Experts

Tim Vipond
Tim is currently the CEO of the Corporate Finance Institute® (CFI). Since 2005, he has been an active participant in capital markets across a wide range of industries and transactions including mergers, acquisitions, divestitures, and capital raising totaling more than $3 billion in value.
Darren Tong
Darren is a corporate finance professional with over 15 years of experience in strategic planning, mergers and acquisitions (M&A), divestitures and capital markets financings. In prior roles, he led multidisciplinary teams in evaluating investment opportunities, conducting financial analysis and valuations to successfully execute over $2 billion in M&A transactions and capital market financings.
Scott Powell
Scott Powell is the co-founder and managing director of CFI. His specific area of focus is the design and delivery of customized learning solutions for clients in the financial services sector – particularly in the areas of commercial banking, investment banking, capital markets and asset management. His clients include ATB Financial, Bank of America Merrill Lynch, BCI, Credit Suisse, Coast Capital Savings, Deutsche Bank, Glenview Capital, HSBC, ING, Intact Insurance, JP Morgan, Royal Bank of Scotland, TD and many others.

Our Students & Alumni Work At

goldman-sachs-logo
jpmorgan-logo

Explore Your Career Options With The FMVA®

Investment Banking

Provide capital market financing and financial advisory services (e.g. M&A, restructurings).

Equity Research

Provide investors with financial analysis and recommendations on whether to buy, hold, or sell a particular investment.

Corporate Development

Pursue and execute organic and inorganic growth opportunities for a corporation.

Financial Planning & Analysis

Develop budgets and forecasts that support a corporation’s strategic planning process.
Explore Your Career FMVA

Private Equity

Invest in businesses with the goal of increasing their value over time before divesting of the investment.

Trust Our CFI Certified Alumni on LinkedIn

Kobe Wastiels
Aspiring PE/VC Analyst...
At first, I was sceptical. Then I was intrigued. After 200 hours I was amazed. This course has taught me to create, visualize and present clear, flexible and structured financial models. It teaches you critical hard skills that are necessary...
Read more
CFI CBCA student
Ihor Kukhar
Officer - Valuation Co...
Hey folks, After 6 months of studying, 19 courses, and over 900 lessons, I have finally completed Corporate Finance Institute® (CFI)’s Financial Modeling & Valuation Analyst Certification Program. I would definitely recommend it to anyone that is looking to get...
Read more
Muhammad Heryanto...
Corporate Finance & Bu...
I'm very grateful to finally earn my FMVA certification, after several months finishing up every module one-by-one.. Special thanks to Tim Vipond, FMVA®, Scott Powell, Jorge Marques, FMVA®, Lonny Coulombe, Antoine Bishara and all CFI team for such a great...
Read more
CBCA student credit analyst program
Stephen Moerane
Director Of Operations...
Today marks a very important milestone in my educational journey. I have been looking for a way to get into Finance but hadn't been able to identify a credential that would do the job without interrupting my work schedule. Thank...
Read more
CBCA reviews
German Rivera Per...
Corporate Finance Chief
After almost six months of courses , finally I have achieved the #FMVA ( Financial Modeling and Valuation Analyst) Certificate from Corporate Finance Institute® (CFI) . I want to thank Tim Vipond, FMVA® Scott Powell and all people from Corporate...
Read more

Tuition Options for the FMVA® Program

2-Year Access
Self-Study
$497
2-Year Access
Full Immersion
$847
Your Learning Experience
All 29 FMVA® courses
FMVA® Certification
2-Year Access
Financial Models & Templates Library
Quizzes, Assignments, and Tests
Excel, PPT, and PDF Files
Digital Blockchain Verified Certificate
Bonus Materials
Macabacus
PitchBook Data User Account
Capital IQ User Account
Premium Email Support
Model Review & Feedback
Additional Case Studies
Premium Templates
Resume & Cover Letter Review
A FREE Modeling Competition Entry
Self-Study
$497
Enroll Now
Full Immersion
$847
Enroll Now

Looking for team solutions? Train and improve with CFI.

Frequently Asked Questions

Are CFI courses accredited?
CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits. You can find more information here.
Will these courses help me advance my career?
Reviews from students who have taken CFI courses and the FMVA® certification program include numerous stories about how people have been able to advance their careers. There is a proven track record of CFI graduates marking successful transitions into the careers of their dreams and this is based largely on the resources that we make available to our students upon enrolment. Our training is designed to be fully practical and simulates the experience of being trained as a professional financial analyst. Additionally, we offer a wealth of information through our free career resources. The unique blend of all these elements is what sets us apart from other e-learning platforms when it comes to giving you all the tools you need to create a successful career in finance.
Admission Requirements
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to the advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection.
What is the duration of the program?
It takes an average of 4-6 months to complete the entire program. However, you are given the freedom to complete all of the training at your own pace! Please see the "What You'll Learn" section for recommended study hours for each course to give you a better idea for your time management.
How much time do I have to complete the courses?
You will have 2-year access to the courses and all future upgrades. You can review the video lessons as many times as you like and complete the courses at a pace that is most convenient for you.
How are the exams conducted?
Students are required to complete an online assessment (MCQ's, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams at your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. See here for more details on the FMVA® final exam: https://dashboard.corporatefinanceinstitute.com/fmva-final-exam/
Can I email the instructor if I have questions regarding the learning materials?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function which allows you to communicate directly with in-house experts in the area of study you are focusing on. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle.
Can I download and edit the course material and templates?
Yes! You can download and edit the Excel models and templates included in your courses. All of the files needed in a course are available for download. Please note that while our study materials can be downloaded, the lecture videos are only available online due to copyright infringement issues.
How do I earn my certificates?
You need to complete all the video lessons, quizzes, and final assessments in each course to earn your course certificates. The certificate will then be available on your student dashboard and also emailed to you as soon as you have completed all of the requirements.
How long does it take to receive my digital FMVA certification?
As soon as you complete the program! After completing the FMVA® program requirements (11 required & 3 elective courses) and passing the final exam, you can immediately request your digital FMVA® certificate to be emailed to you by submitting your completed program through your student dashboard.
Can I take more than 3 electives?
Absolutely! The FMVA® Certification Program (Self-Study and Full Immersion) includes all 29 courses with certificates. You may take more than three electives if you wish with no additional charge.
Can I order a physical copy of my FMVA certificate?
Yes, you may order a physical copy of your FMVA® certificate by mail through your student dashboard. Printed certificates are printed in high quality, large size certificate paper that measures 11.0 x 14.0 inches.
Can I take individual courses instead of completing the whole program?
Yes, you may enroll in the courses available from the program individually. Please let us know whenever you're ready to upgrade to the program and we'd be happy to issue you a unique coupon code (which will credit the amount already paid).
What currency are your courses priced in?
All of our online courses and programs are priced in USD.
What payment methods do you accept?
We accept debit/credit cards (Visa, Mastercard, Amex), Paypal, and wire transfers for one-time course payments. If you wish to proceed with a wire transfer from your bank, please email us at [email protected]
Are there any additional fees or costs?
None! The program tuition includes everything and there are no additional fees required to earn your digital certification.
More Questions?
Please Email us and we'll be happy to answer any of your questions!

Get Certified in
Financial Modeling (FMVA)®

30-Day Money Back Guarantee
seo-banner-footer