Compare CFI Programs with Other Financial Certifications (2024)

Corporate Finance Institute Help Center

Trying to decide if CFI's Financial Certification Programs are right for you? We understand it can be difficult to decide when choosing a partner to help grow your professional skillset, so we have created this guide to help you compare and contrast our Certifications with others.

  • Compare program details
  • Costs
  • Exam differences
  • CFI accreditation
  • Deciding which platform is right for you
  • Frequently asked questions

Compare Program Details

We'll cover the key differences between CFI and other Financial Certifications, including:

  • Preferred Learning Style
  • Overall Goals
  • Program Cost
  • Entry Requirements
  • Time Requirements
ProgramCorporate Finance Institute (CFI)CFA InstituteGARPFMIAICPAACCA
Time Required< 1 year> 3 years> 1 year< 1 year> 2 years> 3 years
Available ProgramsFMVA, BIDA, CMSA, CBCA, FPWM, FTIP+ SpecializationsCFA Level I, Level II, Level IIIFRM Part I, Part IIAFM, CFMCPACA
Teaching StyleSelf-paced, instructor-led, Practical, real-world skillsSelf-paced, self-led, Theory focusedSelf-paced, self-ledSelf-paced, instructor-ledSelf-paced, online resourcesSelf-paced, online resources
Unique Selling PointFinance-focused data skills certification, hands-on, real-world resourcesN/AN/AN/AN/AN/A
CommunityMembers-Only CFI Community, LinkedIn CommunityVoluntary online learning communitiesVoluntary online learning communitiesExclusive FMI communityN/AN/A
Minimum Entry RequirementsNoneBachelor’s Degree or 4000 hrs of professional experienceN/AN/ABachelor’s Degree with a min. of 150 credit hrs of courseworkAdvanced Placement Exams
CertificationPass ExamPass Exams, complete 4 yrs of work experience (experience gained prior, during or after passing exams can be applied)Pass Exams, complete 2 yrs of work experience (experience gained prior, during or after passing exams can be used)Pass ExamPass uniform exam, and complete state requirementsPass exams, complete 3 yrs of work experience

Costs

Review the upfront expense of accessing the learning materials and any additional costs associated with certificates and final exams.

CostsCFICFA Inst.GARPFMIAICPAACCA
Self Study$497 annual subscription$350 one-time fee$400 one-time fee$195 for fundamentals in financial modeling$999 annual membership$350 annual subscription
Full Immersion$847 annual subscriptionNANA$695 for advanced financial modelingN/AN/A
Exam Fee$0$900+$600+N/AState-specific exam costVariable exam fee per level

Exams

Compare & contrast assessments:

  • The process of taking exams
  • Requirements for passing
  • Any additional experience necessary before obtaining certification
ExamsCFICFA Inst.GARPFMIAICPAACCA
Exam FormatOnline, multiple-choice, open-book, 2-3 hrs, unlimited retries with an active subscription (1-month cooldown period)Testing Center, closed-book, multiple choice & essay questions, 2 hrs 15 min for level 1, 4 hrs 24 min for level 2 & 3Testing Center, closed-book, multiple choice & essay questions, 4 hrsOnline, Proctored, Closed-book, Excel-based, 4 hrs, unlimited re-tries over 12 monthsUniform CPA exam PLUS state requirements (US), Testing Center, closed-book | 16-hrs, four 4-hr sessions | one 4.5-hr session for internationalsTesting Center, closed-book, 3-hrs
Exam DatesAnytimeFebruary, May, August, NovemberMay, August, October, NovemberFebruary, April, July, October (CFM offered only in Oct)N/AMarch, June, September, December
Exam ResultsImmediateWithin 60 days of taking the exam for Level I & II, 90 days for Level III~ 6 weeks after taking the examWithin 10 weeks of taking the exam1 - 2 weeks after taking the exam~ 6 weeks after taking the exam
Avg. Pass Rate80.89% across all programs41% Level I, 45% Level II, 52% Level III46.2% Part 1, 57.2% Part 240% - 60%53.5%57.48%
CertificationPass ExamPass Exams, complete 4 yrs of work experience (experience gained prior, during or after passing exams can be applied)Pass Exams, complete 2 yrs of work experience (experience gained prior, during or after passing exams can be applied)Pass ExamPass the uniform exam, and complete state requirementsPass exams, complete 3 yrs of work experience

CFI vs CPA Career Paths

What's the difference between CFI and CPA Career Paths?

  • CPA stands for Certified Public Accountant, the designation you need to be a legally recognized accountant. Many of CFI’s content team are CPA holders.
  • CFI offers role-based and skill-based learning content that is highly practical and designed for you to use immediately on the job.

How can CPAs leverage CFI?

  • CPAs can take CFI courses to earn CPE hours, or in other words, credits needed to maintain their CPA designation.
  • CFI's programs help build knowledge on a broader scope and give you a competitive edge in the industry. Our training complements the CPA designation by helping solidify a true understanding of how to apply theory to answer questions you may receive on the job.

CFI Accreditation

  • CFI is accredited by the Better Business Bureau® (BBB). To maintain accreditation standards, CFI follows the BBB Standards per the BBB Standards for Trust.
  • CFI is also a recognized continuing education provider by the CPA Institutions in Canada and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits.
  • CFI is also #1 Rated for Online Finance Courses on G2.

Interactivity and Hands-On Learning

Many other finance designations take a theoretical, textbook approach. At CFI, we believe the most valuable method of learning is hands-on, using authentic data to analyze real-world scenarios. With CFI, you’ll learn to read financial statements, analyze the information, and even build financial models from scratch. You can learn more about our hands-on training tools here.

Deciding which Platform is Right for You

Ultimately, your choice should depend on your budget, the time you have to commit to learning, and whether you want to focus on theory vs real-world experience.

We believe that at CFI, we’ve built an exceptional suite of courses and resources to help you thrive as a finance professional. But, we also understand many factors go into making a purchasing decision!

Below is a quick guide on how CFI plans could help you shape your career path.

Choose Your Career Path with CFI

Follow the links below to learn more about each of our Certification Programs and the potential career paths you can unlock by earning a CFI Certification. Our Interactive Career Map can also be helpful in planning your future career in finance!

Certification ProgramDesignation
BIDA®
CMSA®
CBCA®
FMVA®
FPWM™
FinTech Industry ProfessionalFTIP™

Frequently Asked Questions

How would CFI help my career?

  • CFI certifications will provide you with a well-rounded education on the material you study. This will allow you to jump into a new or current role with job-ready knowledge.

How would CFI complement my CPA?

  • CPAs must earn CPEs annually to maintain their designation. CFI has a course library containing hundreds of hours of CPE-eligible content for CPAs to choose from each year.
  • CPAs also benefit by taking the theoretical approach offered by the CPA certification and putting it into practice with CFI case studies, skills assessments, spreadsheets, and more.

What can I expect the courses to be like?

  • CFI courses cater to interactive, hands-on learners. All of our courses have interactive exercises, strong visuals, videos with graphs, charts, examples, and thorough explanations.

What does the subscription price include?

  • Self-study and Full-Immersion subscriptions include CFI’s entire course catalog. You can complete as many courses, programs, specializations and learning paths as you’d like, as long as you hold an active subscription.
  • Your digital blockchain certificates, assessments, and final exams are also included in the price.

Can I take your course/certification without prior experience in finance/investment or without a bachelor's degree?

  • Yes! We create programs to teach and help develop and strengthen skills for learners at any level. We do not require a degree or experience in the finance and investment industry.

What our Learners Have to Say

Deepen Knowledge Base and Better Application of on-the-job skills

  • "The Power BI courses and FMVA courses were a great refresher and gave me skills I did not have."
  • "As a business manager and investor, learning more about finance it's always helpful."
  • "CFI provided me with the tools needed to understand how the banking system works In order to have better negotiation and better deals"

Improved Technical Efficiency and Productivity

  • "I have considerably improved my modeling skills, needed in everyday work"
  • "The courses allowed me to develop best habits around how to set up Corporate Finance & Accounting spreadsheets. This took me up a few levels in terms of job performance, which was noticed by my boss and her boss. : )"
  • "As a comptroller in a government entity responsible for all budget, accounting, and tracking all resource requirements. Through training from CFI, my financial analytical and excel technical skills have improved greatly. This helps reduce the amount of time to complete tasks and management decisions/solutions."

Everyday Utility for Seasoned Professionals (CPD, lifelong learning, value)

  • "CPD credits. Continual education. Relevant topics. Good self-managed pace"
  • "Great & handy platform, continuously updates (i.e. new courses), diversified offer, low fee"
  • "Your service is invaluable for helping explain complex topics. As a seasoned professional, I already know a vast array of technical topics. But your courses cement the knowledge even better and show the best way to present conclusions at a summary level. With two professional designations (CPA & CFA), your courses help me meet my annual PD requirements in a cost-effective way and in a very meaningful way (i.e. I learn, or reinforce, a ton)."

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Related Articles

  • CFI Certification Programs
  • Introduction to Corporate Finance Institute (CFI)
  • Getting Started with CFI
  • CFI Specialization Programs
Compare CFI Programs with Other Financial Certifications (2024)

FAQs

Are CFI certifications valuable? ›

CFI certifications will provide you with a well-rounded education on the material you study. This will allow you to jump into a new or current role with job-ready knowledge.

What is the most recognized and respected financial planning certification? ›

Certified Financial Planner™ (CFP®)

This widely recognized designation is open to experienced financial planning professionals, students, and career changers who work with - or want to work with - clients, helping them plan and manage investments, insurance, taxes, and estate plans.

Which certification is best for finance? ›

List of the Top Finance Certifications
  • Chartered Financial Analyst (CFA) certification.
  • Certified Public Accountant (CPA) certification.
  • Financial Modeling & Valuation Analyst (FMVA) certification.
  • Chartered Alternative Investment Analyst (CAIA) designation.
  • Certified Financial Planner (CFP) designation.

Which is better, CFA or FMVA? ›

We recommend those early in their career to start with the FMVA program and for those that are further along and more advanced, with less technical skill requirements on a day-to-day basis for his or her job role and performance , and with a more accommodating work schedule to pursue the CFA.

What is the difference between CFE and CFI certification? ›

What is the difference between a CFE Certification and a CFI Certification? A Certified Fraud Examiner (CFE) is an individual who deals with investigations regarding fraudulent activity. A person who has a CFI® certification is the one in conversation with those who are suspected of committing a fraudulent activity.

What is the difference between CFI and CFA? ›

The CFA program consists of three levels, each culminating in a six-hour exam. The CFI certification, meanwhile, involves fewer exams, which are generally considered to be more focused on specific skills related to financial modeling and valuation.

What is the hardest finance certification? ›

Chartered Financial Analyst (CFA)

To become a charter holder, it's necessary to pass three exams and is an equivalent of a master's degree. The CFA designation is reputed to be the most difficult certification to obtain, which works to the benefit of those who succeed.

What is the easiest finance certification to get? ›

The easiest finance certification is the Financial Modeling & Valuation Analyst (FMVA) certification. There is no authoritative exam required nor does it require any educational qualifications. The FMVA is an easy resume building finance certification that looks more professional than it is.

What is the best alternative to the CFA? ›

A professional credential offered by the Institute of Management Accountants is the Certified Management Accounting certification (CMA). The Certified Management Accountant (CMA) is another strong alternative to the CFA for those interested in management accounting, corporate finance, and financial strategy.

Is FMVA recognized in USA? ›

FMVA certification can significantly enhance an individual's skills and knowledge in financial modeling and valuation. The certification is globally recognized and held in high regard in the finance industry. FMVA certification can lead to increased job prospects, career advancement, and higher earning potential.

Is CFI FMVA recognised? ›

Are CFI courses accredited? CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits.

Can Fmva get you a job? ›

Who benefits from earning an FMVA certification? When professionals earn their FMVA certification, they may benefit from increased pay, a promotion or a higher likelihood of securing an available job. The industries in which these professionals work also benefit from new knowledge introduced to these fields.

How credible is CFI Institute? ›

CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards. Better Business Bureau® (BBB) also trusts the Corporate Training Institute to train its employees with the Financial Modeling & Valuation Analyst (FMVA)™ certification program.

Is the FMVA certification worth it? ›

Finance professionals with FMVA certification have been known to earn around 15-20% more than their peers with similar titles. Overall, FMVA certification paves the way for a successful career in finance and is well worth the investment.

Do CFI certifications expire? ›

A flight instructor needs to renew their CFI certificate every 24 calendar months from the month in which it was either issued, renewed, or reinstated.

Is it hard to get CFI? ›

But becoming a certified flight instructor is no easy task. It takes considerable effort and there are a few CFI requirements you'll need to meet before you can become one.

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