Fmva-exam File
The exam typically consists of 50 questions divided into two main sections:
The final exam, administered by the Corporate Finance Institute (CFI) , is a comprehensive 3-hour assessment that requires an 70% score to pass. The exam is highly practical, centered around building and analyzing financial models in Excel to answer specific case-study questions. Exam Structure & Content fmva-exam
These are the most time-intensive and require downloading Excel templates to build a 3-statement model or a DCF valuation. The exam typically consists of 50 questions divided