There are plenty of learn-by-watching financial modeling courses. 

This isn’t one of them.

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Financial Modeling Certification

(FMC®) Program

Why Adventis?

Learn by doing, not by watching

The FMC Program consists of 35 videos and 8 hours of total instruction that provides a step-by-step guide to building your own financial models. You will build a three-statement financial model, public comparables analysis, precedent comparables analysis, discounted cash flow analysis and a leveraged buyout analysis – all from scratch. Earning our certifications requires you to continue practicing your modeling skills after you’ve watched the videos.

Access an esteemed network

Adventis has a network of over 700 certified financial professionals and we are certifying over 300 annually. Once you have earned your certification, you’ll have opportunities to meet and network with other professionals working at some of the most respected banks and financial institutions in the country.

Impress employers

Our certifications require you to build a fully circular, three-statement financial model within 90 minutes with minimal errors and pass challenging multiple-choice exams with a 90% success ratio. Whether you’re networking or interviewing, Adventis certifications show employers that you have the skills, work ethic, and attention to detail needed for the job.

Improve performance on the job

Earning our certifications provide you with a skill set that will separate you from your peers and enable you to be more productive in Microsoft Excel and will greatly improve your ability to perform high quality analyses and financial modeling tasks.

Prep for interviews

The process to become certified requires you to practice financial modeling after you’ve completed all our videos in the FMC Program. This process requires you to internalize and truly understand all the concepts, which will greatly enhance your ability to be ready for technical questions in interviews.

Everything you need to know, nothing you don’t

Since founding the business in 2013 we’ve provided the FMC Program to over 5,000 trainees and spent considerable effort continually improving our curriculum to focus on helping you develop skills you can use to differentiate yourself while networking and interviewing for competitive internships and full-time positions.

Who Should Enroll?

Whether you’re looking to win a position in investment banking, private equity, equity research, or other competitive fields in finance or simply want to build your financial modeling skills, the FMC Program will help to set you apart.

 

Typical professionals that enroll in the FMC Program include graduate students, MBA students, and other young professionals. While many of the professionals who enroll in the FMC Program are younger professionals, we often have others with substantial experience enroll to improve their skills or develop a new skill.

Course Highlights

Excel Formatting Techniques and Keystroke Efficiency

  • Build the skills that enable you to efficiently move through the rest of the program
  • Learn to use the mouse less and the keyboard more
  • Learn key formatting techniques that will make your financial models easy to follow

Three Statement Model

  • Build a 3-statement, fully circular, and properly formatted financial model of an airline company from scratch
  • Build supporting schedules for working capital, PP&E, dividends, share repurchases, debt, and interest expense
  • Learn how investment banking, corporate FP&A, equity research, and other analyst positions use assumptions-driven financial models to support management in making informed decisions and communicating to stakeholders

Public Comparables Analysis

  • Perform a public comparables analysis in the airline space to see where the airline company trades relative to its peers and determine where it should be trading
  • Develop an understanding of how to choose the right comp set for the airline by looking at factors like size, expected growth, and margins
  • Calculate and discuss commonly used multiples such as EV/EBITDA, EV/Sales, and P/E

Precedent Comparables Analysis

  • Perform a precedent comparables analysis for the airline space to see where previous airlines have been bought
  • Discuss how an investment bank would use precedent transactions to determine the appropriate sell price for this airline
  • Develop the knowledge necessary to compare recently sold companies using multiples like EV/EBITDA and EV/Sales in order to extrapolate how the market would value a similar company today

Discounted Cash Flow Analysis

  • Perform a Discounted Cash Flow (DCF) analysis to determine the intrinsic value of the airline
  • Determine the weighted average cost of capital (WACC) for the airline company
  • Learn the practicality behind EBIT, unlevered free cash flows, projection periods and terminal values in finding a valuation range for a business

Valuation “Football Field”

  • Build a comparison of public comparables, precedent comparables, and the discounted cash flow analysis to triangulate a value for the airline company
  • Learn how an equity research analyst determines whether to issue a buy, hold, or sell opinion
  • Learn how an investment bank determines the value range of a company

Leveraged Buyout Analysis

  • Learn the fundamental analysis used by private equity firms
  • Build a leveraged buyout (LBO) analysis from scratch and learn about capital structures, modeling pro-forma financials and calculating return and credit metrics

Self-Paced Practice & Certification Exams

  • FMC Program Enrollees are able to take unlimited exams for no additional cost
  • Exams are typically offered weekly and only one round of exams are allowed per week
  • Exam results and full feedback are often delivered within a few days
  • After videos are completed, it’s recommended you put in 5-10 hours of practice before attempting the exams

Certification Requirements

TO EARN

FMC Level I Certification 

INDIVIDUALS MUST

  • Build an industry-leading, three-statement financial model from scratch in less than 90 minutes with minimal formatting and formula errors
  • Score at least 90% on a 30-question multiple-choice exam focused on key financial modeling, accounting and corporate finance concepts

TO EARN

FMC Level II Certification

INDIVIDUALS MUST

  • Earn FMC Level I Certification
  • Score at least 90% on a 25-question multiple-choice exam focused on key valuation and leveraged buyout concepts

Have Questions about the FMC Program?

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