The PFM Exam a full day exam consists of a pencil and paper multiple choice exam and computer based exam given in one single level examination. In each non English speaking country, the exam is provided in bilingual format. On the left side is the English version and on the right side is the local language version. While the language in spreadsheet is only in English. Note that due to some limitation, the translation in local language may not portray the exact meaning. In such case, candidate must refer to the English version.
Candidate may sit in PFM Examination after attending preparatory program provided by Licensed Training Provider. Candidate who has not attended at least 50% of the preparatory program cannot sit in for PFM Examination.
PFM Exam is a seven and half hour long exam consists of multiple choice and Computer Practice Examination. Multiple choice exam consists of 100 multiple choice questions which must be completed in 2.5 (two and half) hours and computer practice examination consists of 1 question which must be answered by preparing full set financial model in the form of spreadsheet in 5 (five) hours.
Schedule on the examination is as follows:
- Multiple Choice Examination (150 minute – 2.5 hours )
- Computer Practice Examination (300 minute – 5 hours)
There are no penalties for incorrect answers.
In order to obtain PFM Designation, candidate must pass both examination. Candidates who fail on exam may retake the exam. They only need to take the module which they have failed. Candidates are given three times to retake exam. If Participant fails on the fourth examination, participant needs to sit again in PFM preparatory training.
IFMI will send Exam Result Notification via email to each participant within 2 or 3 months after Examination. Participant is provided with quartile result achieved for each of the two sessions.
The breakdown of the quartile is as follows :
Quartile I : Scoring 80% - 100% Quartile II : Scoring 60% - 79% Quartile III : Scoring 30% - 59% Quartile IV : Scoring 0% - 29%
Candidate needs to obtain minimum score of 60 in both modules (Multiple Choice and Computer Practice Examination) in order to pass the exam. The scoring methodology is the proprietary of IFMI and will not be disclosed to public.
IFMI will send Exam Result Notification via email to each participant within 2 or 3 months after Examination.
In order attend PFM Program, Candidates must provide documents:
- Valid identity card
- Latest curriculum vitae
The documents can be provided by updating member profile in PFM Website.