The Models for Financial Economics (MFE) Exam is a three hour multiple-choice examination. Exam MFE is offered via computer-based testing (CBT).
Computer Based Testing is a Two Step Process:
After July 1, 2018 this exam will be revised and renamed the Investment and Financial Markets Exam.
The syllabus for Exam MFE develops the candidate's knowledge of the theoretical basis of financial models and the application of those models to insurance and other financial risks. A thorough knowledge of calculus, probability and interest theory is assumed. Knowledge of risk management at the level of Exam P is also assumed. In addition, for Exam MFE administrations through March 2017, candidates are assumed to be familiar with the earlier chapters of the McDonald text, which are in the syllabus of Exam FM.