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

Master financial modeling and improve your proficiency across the entire accounting and finance universe
  • Earn the prestigious, in-demand FMVA certification
  • 38 courses to choose from, with 14 required
  • Hands-on modeling prepares you for the real world
FMVA Certified icon

FMVA® At a Glance

CFI’s Financial Modeling & Valuation Analyst (FMVA)® Certification Program will teach you essential skills required to perform practical financial analysis.

Financial models are a critical part of the decision-making process in the finance industry today. By following our recommended financial modeling courses, students learn the best way to structure their models to instill confidence in the stakeholders involved in the decision-making process.

The Financial Modeling & Valuation Analyst FMVA® certification can help you learn financial modeling skills, streamline a budgeting and forecasting process, or improve competency levels across the entire accounting and finance spectrum. The FMVA® certification provides all the skills, tools, and techniques required to become a world-class financial professional.

Program Overview

38 courses

Consisting of over 2690+ lessons

190+ interactive exercises

Learn by doing with guided simulations

Expert instructors

Learn from the very best

New courses monthly

On need-to-know subject matter

Blockchain certificate

To verify your skills

500,000+ 5 star ratings

Best-in-class training, as rated by you

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
Level 2
2.5 hours
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Capital IQ Fundamentals
Level 2
2 hours
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Corporate Finance Fundamentals
Level 2
2.5 hours
Preview Course
Excel Fundamentals - Formulas for Finance
Level 2
3.5 hours
Preview Course
Macabacus Fundamentals
Level 2
1.5 hours
Preview Course
Math for Corporate Finance
Level 2
2.5 hours
Preview Course
Reading Financial Statements
Level 2
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
Level 2
2.5 hours
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Budgeting and Forecasting
Level 3
7 hours
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Building a 3 Statement Financial Model
Level 3
5.5 hours
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Business Valuation Modeling Part I
Level 3
7.5 hours
Preview Course
Business Valuation Modeling Part II
Level 4
5.5 hours
Preview Course
Dashboards & Data Visualization
Level 2
6 hours
Preview Course
Financial Analysis Fundamentals
Level 3
6.5 hours
Preview Course
FP&A Monthly Cash Flow Forecast Model
Level 3
3 hours
Preview Course
PowerPoint & Pitchbooks
Level 2
7.5 hours
Preview Course
Professional Ethics
Level 1
3 hours
Preview Course
Scenario & Sensitivity Analysis in Excel
Level 3
2.5 hours
Preview Course
See All Core Courses

Step 3: Elective Courses

Choose a minimum of 3 electives (out of 19 available) to explore more advanced topics and specialized subjects.

Advanced Excel Formulas & Functions
Level 3
6.5 hours
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Case Study - Financial Statements in Power BI
Level 4
7 hours
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Corporate & Business Strategy
Level 3
7.5 hours
Preview Course
ESG Integration & Financial Analysis
Level 3
6.5 hours
Preview Course
Excel VBA for Finance
Level 3
7.5 hours
Preview Course
Leveraged Buyout LBO Modeling
Level 5
15 hours
Preview Course
Mergers & Acquisitions (M&A) Modeling
Level 4
8 hours
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Mining Financial Model & Valuation
Level 4
5 hours
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Modeling Risk with Monte Carlo Simulation
Level 4
4 hours
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Operational Modeling
Level 3
8 hours
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Power BI Fundamentals
Level 3
9 hours
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Power Pivot Fundamentals
Level 3
7 hours
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Power Query Fundamentals
Level 3
6 hours
Preview Course
Presentation of Financial Information
Level 2
2 hours
Preview Course
Real Estate Financial Modeling
Level 5
6.5 hours
Preview Course
Regression Analysis - Fundamentals & Practical Applications
Level 4
6.5 hours
Preview Course
Renewable Energy - Solar Financial Modeling
Level 5
6.5 hours
Preview Course
Startup / e-Commerce Financial Model & Valuation
Level 4
6.5 hours
Preview Course
The Amazon Case Study (New Edition)
Level 4
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

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  • 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

Excel

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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 the Chair of the Board of CFI Education with an extensive background in entrepreneurship, financial analysis and investment banking. Since 2005, Tim has been an active participant in capital markets across a wide range of industries and transactions including mergers, acquisitions, divestitures, and capital raising totalling more than $3 billion in value.
Scott Powell
Scott is the Co-Founder and Chief Content Officer of CFI. Over the past 30 years, he has focused on designing and delivering learning solutions for clients in the financial services sector – particularly in the areas of commercial banking, investment banking, capital markets, and asset management. Some of the organizations Scott has worked with over his career 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.
Duncan McKeen
Duncan McKeen
Duncan is the Executive Vice President, Financial Modeling at CFI. Since 2014, Duncan has been focused on designing courses and teaching financial modeling to employees working in accounting, valuation, investment banking, equity research and private equity. He also has extensive experience providing consulting services on financial modeling to large corporations and institutions. Prior to transitioning over to teaching, Duncan held senior equity research positions with top banks & brokerages using financial models to form opinions and guide institutional investors with capital allocation.
Jeff Schmidt
Jeff Schmidt
Jeff is the Vice President, Financial Modeling at CFI. Prior to joining CFI, Jeff Schmidt taught financial modeling and valuation to thousands of students all over the world for over a decade. Before his career in financial education, Jeff covered approximately 50 companies with a combined market cap of $500 billion during his career in equity research. He also worked in corporate development leading M&A due diligence and Financial Planning & Analysis, as well as working in investment banking and restructuring.

The FMVA® program has upskilled teams at:

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

The Complete FMVA® Program is Included in your CFI Subscription

Self-Study
$497 / year
Full Immersion
$847 / year
Your Learning Experience
All 38 FMVA® courses
FMVA® Certification
Financial Models & Templates Library
Quizzes, Assignments, and Tests
Excel, PPT, and PDF Files
Digital Blockchain Verified Certificate
Bonus Materials
Macabacus Access
Capital IQ Access
Refinitiv Workspace Access
PitchBook Access
Vertical IQ Access
Premium Email Support
Model Review & Feedback
Additional Case Studies
Resume & Cover Letter Review
A FREE Modeling Competition Entry
Self-Study
$497 / year
Enroll Now
Full Immersion
$847 / year
Enroll Now

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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?
Take as much time as you need. You will have access to all courses and all future upgrades in your subscription. 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
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?
Take as many electives as you would like—all our content is available to you in your CFI subscription.
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.
What currency are your courses priced in?
All of our online courses and programs are priced in USD.
What payment methods do you accept?
As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.
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?
You can view more detailed information through our Help Center or simply Email Us and we'll be happy to answer any of your questions!

Get Certified in
Financial Modeling (FMVA)®

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