Learn more about the FAST Standard Certification

The FAST Modelling Certification is evidence of an individual’s understanding of the FAST Standard and the application of the Standard in building spreadsheet models that are flexible, appropriate, structured and transparent. Financial Arena is offering preparatory courses for the FAST Modeling level 1 certification or as better alternative suggests you prepare for the global financial modeling certification offered by the Financial Modeling Institute.

The FAST Level 1 Certification provides evidence that an individual has proved competent on a specified date in understanding and applying the FAST Standard. This certification will be useful for individuals that are seeking to present a case to existing or potential employers of their modelling credentials and experience.

1. Preparing for the FAST Level 1 Certification

An individual who is ready to apply for the FAST Level 1 Certification, and do well in the assessment procedures is likely to be able to:

  • describe in some detail the contents of the FAST Standard;
  • explain what the FAST Standard is trying to achieve;
  • recognise what a FAST compliant model should look like; and
  • apply the FAST Standard to simple modelling assignments.

The test is designed to assess how well you understand the FAST Standard and how well you can apply it to a practical modelling situation.

You will be given one attempt to complete the assessment procedures and submit your results. If you wish to undertake the assessment procedures again, then you must apply to take a new test and pay any associated fees.

Biomass is a representative case study of the level of complexity you might expect in the assessment procedure.

You will find:
Biomass modelling assignment
Biomass “start” model for modelling assignment
Biomass solution model

2. Sponsoring bodies

Each individual is required to supply details of a sponsoring body who will be asked by the FSO to provide assurance that the test undertaken and submitted was the individual’s own work.

Financial Arena is one of the first training organisations registered with FSO as a FAST sponsoring body that provides training on the FAST Standard and preparation for the certification examination. Contact us to learn more about our training offerings that will allow you to get the FAST Standard certification.

3. Obtaining the FAST Level 1 Certification

A certificate will be issued to an individual once they have:

  • passed a test of their competence;
  • provided confirmation by an appropriate body that the test attempted was their own work; and
  • paid an appropriate fee.

Financial Arena is a strong promoter of best practice financial modeling as we have realised through discussions with HR professionals that firms are looking for job candidates with strong financial modelling skills.

Contact us today to learn how we can prepare you to become a certified financial modeller.