Adventis’ FMC® Program transforms tomorrow’s leaders through essential financial modeling skills.
A superior way for elite performers to make an immediate impact.
Introduction
Today, banks and private equity companies are looking for candidates to step in and make an immediate impact. Practical financial modeling skills, analytical acumen, ambition, and work ethic are the keys to success in finance careers.
At Adventis, we created the Financial Modeling Certification (FMC®) Program to teach you the fundamental financial modeling and analytical skills we wish we had before starting our careers in finance. The FMC® Program is transforming the way financial modeling, valuation, and other vital analytical skills are learned through its practical, hands-on instruction.
About the FMC® Program
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The Adventis FMC® Program involves hands-on, detailed, and meticulous learning. With over 7,000 enrollments, only 15% of our applicants receive a certification. We only award our certificates to those who exhibit the knowledge of skills taught in the FMC® Program by passing our exams – not simply watching the program’s videos.
Initially designed to help students and professionals become better candidates for finance positions, companies can also use the FMC® Program to provide best-of-class financial modeling capabilities to their teams.
Life-long skills
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At its core, the FMC® Program teaches you how to build best-of-class, three-statement, fully circular financial models entirely from scratch. A three statement financial model is a critical decision-making tool for companies, from clients at a bank to your own entrepreneurial adventure. This life-long skill is why investment bankers are sought after in any professional context.
Understanding how to build a quality financial model empowers you to:
- Understand the impact of a company’s strategic and financial decisions
- Predict P&L statements if you raise prices, make hiring decisions, invest in certain areas, and beyond
The FMC Program also provides you with a foundational understanding of the following topics:
- Accounting
- Corporate finance
- Intrinsic and relative valuation
- Leveraged buyout transactions
Why get certified?
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For job candidates
In the hyper-competitive market for finance jobs, strong candidates don’t get job offers; exceptional ones do. Ambitious finance professionals need a way to stand out. Whether you want to advance your career or break into positions in investment banking, private equity, equity research, and other highly competitive fields. With an average of 100 applications for each available position, it’s important to stand out.
For employers
Companies also need to train and upskill their team members with skills that impact your firm and your clients. Our training program works with financial services firms, private equity firms, and other companies to help train their teams on building core financial modeling skills and efficiency in Microsoft Excel. To learn more reach out to info@adventis.com (or visit Institutions).
How the FMC® Program works
We designed the Financial Modeling Certification (FMC®) Program to provide a hands-on “learn by doing” approach to financial modeling. Aspiring finance professionals may learn these concepts in school, but lack the hands-on experience of how to actually build financial models. Learning from a textbook and doing case studies is great – but actually building out the model 10 to 20 times and getting certified provides you with a foundation you can’t get any other way. It forces you to internalize and deeply understand the three statements and how they work together.
Course Syllabus Overview
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When it comes to learning financial modeling, we believe that there is no substitute for repetition. That is why this certification requires enrollees to practice their financial modeling skills extensively and internalize key concepts.
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
FMC® Certification Levels
The FMC® Program consists of two levels of certification. Each level requires enrollees to pass a rigorous and thorough set of requirements that demonstrate strong analytical capabilities and an understanding of key concepts.
The FMC® Level I Certification identifies individuals who have learned best-of-class financial modeling skills and internalized key financial modeling, accounting and corporate finance concepts.
The FMC® Level II Certification identifies individuals who have internalized key valuation and leveraged buyout concepts, in addition to having earned our FMC™ Level I Certification.
- Participation in the FMC® Program
- FMC® Level I Certification
- Basic financial modeling skill
- Basic financial modeling skill
- Accounting and corporate finance concepts
- Valuation
- Leveraged buyout transactions
- Financial modeling exam (90 minutes)
- Multiple-choice exam (90%)
- Multiple-choice exam (90%)
How the FMC® Program looks on your resume
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Resume Description
Optional Sub-Bullets
- Includes the Financial Modeling Course, Valuation Module, and Leveraged Buyout Module
FMC® Level I Certification from Adventis
- Built a three-statement, fully circular and properly formatted financial model from scratch in under 90 minutes
- Scored at least 90% on a multiple-choice exam covering key concepts in financial modeling, accounting, and corporate financ
FMC® Level II Certification from Adventis
- Scored at least 90% on a multiple-choice exam covering key concepts in financial modeling, accounting, and corporate financ
- Scored at least 90% on two multiple choice exams covering key concepts in financial modeling, accounting, corporate finance, intrinsic and relative valuation, and leveraged buyout transactions
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