• FMVA® certification program
  • 44 total courses (18 required)
  • Self-Paced & 100% Online
  • Translated Subtitles
96%
improved how they build models, analyze data, and deliver insights at work.
93%
felt better prepared for roles in FP&A, investment banking, and corporate finance.
43%
use CFI models and templates in their day-to-day work.
Why Choose FMVA®

Go From Reviewing Models to Building Them

Many analysts can read a model. The FMVA® program teaches you how to evaluate the financial health of companies, build dynamic financial models in Excel, estimate the value of businesses, and clearly present your analysis. FMVA® is designed for professionals ...

Many analysts can read a model. The FMVA® program teaches you how to evaluate the financial health of companies, build dynamic financial models in Excel, estimate the value of businesses, and clearly present your analysis. FMVA® is designed for professionals and students preparing for careers in investment banking, private equity, corporate development, and corporate finance/FP&A at top global and Nigerian firms.

Read More
“The FMVA accelerated my ability to produce robust, auditable valuation work and shortened the time from idea to implementation.”
Recognized by Employers Across Nigeria and Globally
The FMVA® Certification is globally recognized by financial modeling and valuation professionals and can strengthen your candidacy for competitive jobs. An FMVA® credential verifies that you have practical, job-ready expertise, such as advanced Excel functions, testing different scenarios, and turning complex data into clear, actionable presentations.
Built by Finance Practitioners, for Finance Practitioners
Every course is designed by seasoned finance professionals who bring real-world rigor to the curriculum and their instruction, imparting both technical skills and how to apply them on the job. Our expert instructors earn high ratings for their clear, step-by-step video instructions that make complex financial theories and Excel tasks easy to follow. FMVA® graduates emerge from the program prepared with practical, job-ready skills that finance employers expect, whether in a global corporation, Nigerian firm, or a remote position.
Trusted by 3 Million Finance Professionals Worldwide
Financial analysts, investment bankers, corporate development directors, and FP&A managers across 190+ countries have made the FMVA® Certification their globally recognized credential of choice for financial modeling and valuation.
A Credential That Travels With Your Career
An FMVA® Certification delivers value at every stage of a finance career in Nigeria and beyond. Early-career professionals build job-ready skills in financial modeling and valuation. Experienced analysts formalize and validate what they already know. Senior professionals add a globally recognized certification to credentials they have spent years building.

What You'll Learn in the FMVA® Program

353

Financial Modeling
Financial Modeling
35%
Accounting
20%
Valuation
15%
Financial Planning & Analysis (FP&A)
10%
Excel
8%
Data Visualization
7%
Qualitative Business Analysis
5%

Financial Modeling

Nigeria’s top finance roles, whether at a domestic corporate, global MNC, or investment firm, expect you to build models, not just read them. This section teaches you to construct the financial models that analysts, investors, and managers rely on to understand financial trends and make informed decisions.

Skills You’ll Learn
  • Build a dynamic, logically structured three-statement model with clear assumptions and outputs managers can review and trust

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

  • Run scenario and sensitivity analyses so you can show what happens to the numbers when conditions change

Accounting

Strong accounting fundamentals are the foundation of every credible financial model and analysis. This section ensures you understand what’s driving the numbers, not just how to report them.

Skills You’ll Learn
  • Read and interpret financial statements with confidence, understanding how each component connects to the others

  • Apply the accounting principles that underpin the standards financial analysts encounter most

  • Understand how accounting decisions affect your models and the outputs that follow from them

Valuation

Valuation is one of the most in-demand skills across Nigeria’s investment banking, private equity, and corporate finance landscape. This section teaches you to determine what a company is worth and defend that view with data.

Skills You’ll Learn
  • Understand the main valuation methodologies, when to use each, and the tradeoffs between them

  • Build comparable company and precedent transaction analyses from real data

  • Construct a DCF model in Excel and calculate the weighted average cost of capital

Financial Planning & Analysis (FP&A)

FP&A is one of the fastest-growing finance functions at Nigerian corporates, MNCs, and startups. This section prepares you to go beyond reporting and become the person who explains what the numbers mean and what to do next.

Skills You’ll Learn
  • Build financial forecasts that support planning cycles and strategic decisions

  • Monitor results, identify the key drivers behind changes in revenue, costs, and profitability, and communicate them clearly

  • Translate financial data into insights that give management what they need to act

Excel

Excel proficiency is a baseline expectation for finance roles across Nigeria. This section takes you from functional to fast, the level where hiring managers start to take notice.

Skills You’ll Learn
  • Work faster and more accurately using keyboard shortcuts and efficient workflows

  • Conduct data analysis using pivot tables, data tables, and the functions finance teams rely on most

  • Build advanced formulas and functions that make your models more dynamic and easier to audit

Data Visualization

In Nigeria’s competitive finance job market, the ability to turn a complex analysis into a clear, decision-ready output sets you apart. This section teaches you to present your work in a way that gets it in front of the right people.

Skills You’ll Learn
  • Build professional dashboards and charts that surface the key drivers instead of overwhelming the reader with data

  • Present financial analysis in a format that supports investment and business decisions at every level

  • Design reports and presentations that make trends, risks, and valuation insights easy to act on

Qualitative Business Analysis

The strongest models are built on a clear understanding of the business behind the numbers. This section gives you the context to make your models sharper and your recommendations more credible, a skill that matters whether you’re analyzing a Nigerian conglomerate, an NGX-listed company, or a global MNC.

Skills You’ll Learn
  • Assess industry trends, competitive dynamics, and macroeconomic factors that affect how a business performs

  • Bring strategic and operational context into your models so your assumptions are grounded in reality

  • Evaluate business risks and opportunities in a way that strengthens both your analysis and your point of view

Financial Modeling

35%

Nigeria’s top finance roles, whether at a domestic corporate, global MNC, or investment firm, expect you to build models, not just read them. This section teaches you to construct the financial models that analysts, investors, and managers rely on to understand financial trends and make informed decisions.

Skills You’ll Learn
  • Build a dynamic, logically structured three-statement model with clear assumptions and outputs managers can review and trust

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

  • Run scenario and sensitivity analyses so you can show what happens to the numbers when conditions change

Accounting

20%

Strong accounting fundamentals are the foundation of every credible financial model and analysis. This section ensures you understand what’s driving the numbers, not just how to report them.

Skills You’ll Learn
  • Read and interpret financial statements with confidence, understanding how each component connects to the others

  • Apply the accounting principles that underpin the standards financial analysts encounter most

  • Understand how accounting decisions affect your models and the outputs that follow from them

Valuation

15%

Valuation is one of the most in-demand skills across Nigeria’s investment banking, private equity, and corporate finance landscape. This section teaches you to determine what a company is worth and defend that view with data.

Skills You’ll Learn
  • Understand the main valuation methodologies, when to use each, and the tradeoffs between them

  • Build comparable company and precedent transaction analyses from real data

  • Construct a DCF model in Excel and calculate the weighted average cost of capital

Financial Planning & Analysis (FP&A)

10%

FP&A is one of the fastest-growing finance functions at Nigerian corporates, MNCs, and startups. This section prepares you to go beyond reporting and become the person who explains what the numbers mean and what to do next.

Skills You’ll Learn
  • Build financial forecasts that support planning cycles and strategic decisions

  • Monitor results, identify the key drivers behind changes in revenue, costs, and profitability, and communicate them clearly

  • Translate financial data into insights that give management what they need to act

Excel

8%

Excel proficiency is a baseline expectation for finance roles across Nigeria. This section takes you from functional to fast, the level where hiring managers start to take notice.

Skills You’ll Learn
  • Work faster and more accurately using keyboard shortcuts and efficient workflows

  • Conduct data analysis using pivot tables, data tables, and the functions finance teams rely on most

  • Build advanced formulas and functions that make your models more dynamic and easier to audit

Data Visualization

7%

In Nigeria’s competitive finance job market, the ability to turn a complex analysis into a clear, decision-ready output sets you apart. This section teaches you to present your work in a way that gets it in front of the right people.

Skills You’ll Learn
  • Build professional dashboards and charts that surface the key drivers instead of overwhelming the reader with data

  • Present financial analysis in a format that supports investment and business decisions at every level

  • Design reports and presentations that make trends, risks, and valuation insights easy to act on

Qualitative Business Analysis

5%

The strongest models are built on a clear understanding of the business behind the numbers. This section gives you the context to make your models sharper and your recommendations more credible, a skill that matters whether you’re analyzing a Nigerian conglomerate, an NGX-listed company, or a global MNC.

Skills You’ll Learn
  • Assess industry trends, competitive dynamics, and macroeconomic factors that affect how a business performs

  • Bring strategic and operational context into your models so your assumptions are grounded in reality

  • Evaluate business risks and opportunities in a way that strengthens both your analysis and your point of view

Step 1 Optional

Prep Courses

Choose from 9 optional courses to learn or review the fundamentals.

Excel Fundamentals - Quick Start Guide
3h 30min
Excel Fundamentals - Formulas for Finance
3h 30min
Accounting Fundamentals
5h
Reading Financial Statements
2h
Corporate Finance Fundamentals
2h 30min
Math for Finance Professionals
3h
Workflow Best Practice for Analysts
1h 30min
The Role of The FP&A Professional
1h 30min
AI for Finance Workflows & Governance
2h
Step 2

Core Courses

Complete 15 required core courses to build your skill set in financial modeling & valuation analyst.

Financial Analysis Fundamentals
5h
Financial Modeling Guidelines
3h
Introduction to 3-Statement Modeling
6h
3-Statement Modeling
6h 30min
Auditing and Balancing a 3-Statement Model
2h 30min
Operational Modeling
8h
Introduction to Business Valuation
6h 30min
DCF Valuation Modeling Fundamentals
2h
Applied DCF Valuation Modeling
7h
Comparable Valuation Fundamentals
2h
Forecasting Techniques
1h 30min
Scenario & Sensitivity Analysis in Excel
1h 30min
Excel Data Visualization and Dashboards
3h
PowerPoint & Pitchbooks
4h 30min
Professional Ethics
1h
Step 3

Elective Courses

Choose a minimum of 3 electives (out of 12 available) to master more advanced topics and specialized areas.

Monthly Cash Flow Modeling
3h
Advanced Excel Formulas & Functions
4h 30min
Comparable Valuation Analysis
4h 30min
Mining Financial Model & Valuation
5h
Startup / e-Commerce Financial Model & Valuation
6h 30min
Corporate & Business Strategy
7h 30min
Introduction to Bank Valuation
4h
Normalizing Income Statements
2h
Real Estate Financial Modeling
6h 30min
Communication and Presentation Skills for Finance Professionals
2h
Strategic Problem Solving
2h 30min
Sell-Side Equity Research
4h
Step 4 Optional

Case Study Challenges

These case study challenges allow you to apply your knowledge and skills by solving real-world problems.

Renewable Energy - Solar Financial Modeling
6h 30min
Using IBISWorld to Analyze and Benchmark a Business
1h 30min
AI Prompting for Financial Analysis
1h
AI-Assisted Peer Group Selection
1h
Drafting a 3-Statement Model with AI
1h
Formatting a 3-Statement Model with AI
1h
Auditing a 3-Statement Model with AI
1h
Tesla Earnings Analysis - A Sell-Side Research Case Study
1h 30min
Step 5

Final Exam

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

CFI FMVA Certificate FMVA Program Badge

Get FMVA® Certified

Congratulations on becoming a certified Financial Modeling and Valuation Analyst! Upon completion of the program, you will receive a blockchain digital certificate with your new credentials.

As a CFA Charterholder who put a good 900 hours into that designation, I found just as much value in your FMVA® program.

In all honesty, as a CFA Charterholder who put a good 900 hours into that designation, I found just as much value in your FMVA® program. This designation only took me about 60-70 hours to complete. What I like about the approach is that it's very practical for the workplace as opposed to just pure theory. I also appreciate CFI focusing internationally and giving a financial break to those who are struggling to afford it.

chris caldwell headshot
Chris Caldwell, FMVA®
Director, Treasury

Meet Your Instructors

A combined 100+ years of industry experience to help you unlock your potential.

Duncan McKeen

Duncan McKeen

EVP, Financial Modeling
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.
Scott Powell

Scott Powell

CFI Co-Founder
Scott is the Co-Founder 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
Jeff Schmidt

Jeff Schmidt

VP, Financial Modeling
Jeff is the Vice President, Financial Modeling at CFI. Prior to joining CFI, Jeff Schmidt taught financial modeling and valuation to thousands of learners all over the world for over a decade.
Tim Vipond, FMVA

Tim Vipond, FMVA

CEO & Co-Founder
Tim is the Co-Founder and CEO of CFI Education with an extensive background in entrepreneurship, financial analysis, and investment banking.
Ryan Spendelow, FMVA®

Ryan Spendelow, FMVA®

SVP, Training & Curriculum
Ryan joins CFI having spent over a decade designing and delivering training solutions for the investment banking and investment management industries around the globe. Based in London, Ryan is experienced at creating innovative training solutions that deconstruct complex products and
Sebastian Taylor

Sebastian Taylor

VP, BIDA
Seb started his career in risk management, managing the implementation and operations of quantitative energy hedging strategies. Having since worked in several different industries, from finance to retail and service, Seb’s business intelligence skills were developed within the realities of
Carl Seidman

Carl Seidman

Subject Matter Expert
Carl’s FP&A development methodologies and curriculums have been implemented by leading organizations as part of their financial leadership development programs (FLDPs) for top talent and emerging leaders.
Antoine Bishara

Antoine Bishara

Instructor
Antoine is Vice President of Business Development at Learning Strategies Group (LSG) in the USA. Antoine is responsible for building LSG’s presence in the US market, as well as delivering in-class facilitation and developing new learning solutions for our clients. Prior

Careers in Financial Modeling & Valuation in Nigeria

icon fpa card
Financial Planning & Analysis
Develop budgets and forecasts that support a corporation's strategic planning process, one of the most in-demand finance roles at Nigerian corporates, banks, and MNCs.
icon private equity
Investment Banking
Perform financial modeling, valuation, presentations, pitchbooks, AI tools, and strategy at Nigeria's leading investment banks and global firms.
private equity icon
Private Equity
Evaluate potential investments, conduct financial modeling, and support portfolio companies across Nigeria's growing private equity landscape.
corporate development icon
Corporate Development
Identify and execute strategic growth opportunities for a company, a role gaining prominence at Nigerian conglomerates, NGX-listed firms, and multinational firms operating in Nigeria.
icon fpa card
Financial Planning & Analysis
Develop budgets and forecasts that support a corporation's strategic planning process, one of the most in-demand finance roles at Nigerian corporates, banks, and MNCs.
icon private equity
Investment Banking
Perform financial modeling, valuation, presentations, pitchbooks, AI tools, and strategy at Nigeria's leading investment banks and global firms.
private equity icon
Private Equity
Evaluate potential investments, conduct financial modeling, and support portfolio companies across Nigeria's growing private equity landscape.
corporate development icon
Corporate Development
Identify and execute strategic growth opportunities for a company, a role gaining prominence at Nigerian conglomerates, NGX-listed firms, and multinational firms operating in Nigeria.

Accreditation & Recognition

CFI is recognized by leading professional bodies worldwide for the quality of its finance training and certification programs. CFI aims to create value for its certification holders, spread awareness of the FMVA® program, and increase global recognition of our designations.

Nasba Logo

National Association of State Boards of Accountancy

Helps keep the accounting industry effective, enabling professionals to protect the financial interests of the public.
LIBF Logo

The London Institute of Banking & Finance

Professional body accredited by the Financial Conduct Authority, focused on banking and finance education globally.
Higher Learning Commission logo

Higher Learning Commission (HLC)

Independent accreditation body for colleges and schools across the United States and North Central region.

Frequently Asked Questions About FMVA® in Nigeria

If you haven’t found your answer from our FAQ, please send us a message.
What is the FMVA® certification and who is it designed for?
The Financial Modeling & Valuation Analyst (FMVA®) certification is CFI's most popular program, designed for anyone looking to build professional finance skills. It's ideal for students, career changers, and working professionals in Nigeria who want to strengthen their financial modeling, valuation, and analysis expertise to compete for roles at top firms locally and globally.
If you haven’t found your answer from our FAQ, please send us a message.