Top 11 Hyperion Analyst Certifications
This article provides an overview of the top certifications available for Hyperion analysts, including information on requirements and benefits.
Published 19 min read
Certifications for a Hyperion Analyst are important for job seekers in the market as they demonstrate a level of expertise and knowledge of the Hyperion product suite. Having a certification can help an individual stand out from other applicants and gives them an edge when it comes to job interviews. Certifications also help employers identify qualified candidates quickly, as they know that these individuals have already taken the time to learn about the specific software. Furthermore, certifications can be seen as a sign of commitment by employers, showing that the individual is dedicated to their craft and willing to go above and beyond what is required. Finally, having a certification may even lead to higher salaries or more opportunities for advancement within the company.
The purpose of the article is to review some of the top certifications for Hyperion Analysts and explain how they can help to advance a Hyperion Analyst's career.
What are Hyperion Analyst Certifications?
Hyperion Analyst Certification is a professional certification program designed to help professionals understand and use Oracle Hyperion software. This certification validates an individual’s expertise in using the software for financial reporting, budgeting, forecasting, planning, and data analysis. The certification also provides a comprehensive understanding of the features and functionality of Hyperion applications such as Essbase, Planning, Financial Management, Smart View, Data Relationship Management (DRM), and other related products.
The certification helps professionals develop their skills in mastering Hyperion technology solutions. It provides them with the knowledge they need to build efficient implementations that meet business objectives while leveraging the full power of Oracle Hyperion applications. They will be able to create custom solutions that are tailored to their organization’s specific needs. Additionally, they will gain insight into best practices for implementing and managing Hyperion solutions in order to ensure successful deployments.
Finally, since Oracle Hyperion is one of the most popular enterprise performance management (EPM) solutions on the market today, having this certification can help IT professionals stand out from other job candidates when applying for jobs within this field.
Pro Tip: Before taking the Hyperion Analyst Certification exam, make sure to brush up on your knowledge of Hyperion's Essbase and Planning products. This will help you to better understand the questions asked and provide more accurate answers. Additionally, it is important to practice with sample questions as much as possible in order to become familiar with the type of questions that are likely to appear on the test.
Related: What does a Hyperion Analyst do?
Top 11 Hyperion Analyst Certifications
Here’s our list of the best certifications available to Hyperion Analysts today.
1. Hyperion Financial Management (HFM) Certification
Hyperion Financial Management (HFM) Certification is a certification program offered by Oracle that provides an in-depth understanding of the Hyperion Financial Management (HFM) software. The certification program is designed to help individuals gain a comprehensive understanding of the HFM application and its features, as well as how to use it effectively.
The HFM certification program consists of two levels: Associate and Professional. Associate level certification requires passing one exam, while Professional level certification requires passing two exams. Each exam covers a variety of topics related to the application, including setup and configuration, data management, reporting and analysis, security and administration.
It typically takes around six months to complete the HFM certification program depending on individual learning speed. To get certified, individuals must first register for the program with Oracle and then take the appropriate exams online or at an authorized testing center.
The cost of the HFM certification program varies depending on which level you are seeking to obtain. The cost for Associate level certification is $245 USD per exam, while Professional level certification costs $495 USD per exam.
2. Hyperion Planning Certification
Hyperion Planning Certification is an industry-recognized credential that validates a professional's expertise in the implementation and administration of Oracle Hyperion Planning solutions. It is designed to enable professionals to demonstrate their skills in designing, building, and deploying Hyperion Planning applications.
The certification consists of two exams: 1Z0-567: Oracle Hyperion Planning 11 Essentials, and 1Z0-568: Oracle Hyperion Planning 11 Advanced Implementation. The exams are administered by Pearson VUE.
It typically takes around 3 months to complete the certification process, depending on the individual's level of experience with Hyperion Planning solutions. In order to get certified, individuals must first register for the exams on the Oracle website and pay the associated fees (currently $245 per exam). They must then study for and pass both exams within 18 months of registering for them.
The cost of getting certified depends on how much time a person spends studying for the exams and whether they use any additional resources such as books or online courses. The cost can range from around $500 to several thousand dollars depending on the individual's approach.
3. Hyperion Essbase Certification
Hyperion Essbase Certification is a professional certification program offered by Oracle to demonstrate proficiency in the use of the Hyperion Essbase software. It is designed to validate an individual’s expertise in developing, deploying, and managing applications using the Hyperion Essbase database.
The certification process consists of two exams: 1Z0-531 (Oracle Hyperion Essbase 11 Certified Implementation Specialist) and 1Z0-532 (Oracle Hyperion Essbase 11 Certified Implementation Expert). The first exam covers topics such as installation, configuration, security, data loading, and application development. The second exam focuses on advanced topics such as performance optimization, scalability, and troubleshooting.
To obtain the certification, candidates must pass both exams with a score of 70% or higher. Each exam takes approximately 90 minutes and costs $245 USD per exam.
Candidates can prepare for the exams by taking courses provided by Oracle University or through self-study materials available on Oracle’s website. Candidates can also take practice tests to help them prepare for the actual exams.
4. Hyperion Enterprise Performance Management (EPM) Certification
Hyperion Enterprise Performance Management (EPM) Certification is a professional certification program offered by Oracle. It is designed to validate the skills and knowledge of those who work with Oracle’s Hyperion EPM software suite. This certification covers topics such as financial planning, budgeting, forecasting, reporting, and analytics.
It typically takes between three to six months to complete the certification process. The first step is to register for the exam on the Oracle website and pay the associated fee. After registering, you will need to study for the exam using materials provided by Oracle or other resources available online. Once you have completed your studies, you can take the exam at an authorized testing center.
The cost of getting certified varies depending on which level of certification you are pursuing and where you are taking the exam. Generally speaking, it costs around $200-$300 USD for each level of certification that you pursue. Additionally, there may be additional fees associated with taking the exam at certain locations or if you require special accommodations when taking it.
Once you have successfully passed the exam, you will receive your official certificate from Oracle indicating that you are now a certified Hyperion EPM Professional. This certificate can be used to demonstrate your expertise in this field and may help open doors to new career opportunities in enterprise performance management roles.
5. Oracle Hyperion Data Relationship Management (DRM) Certification
Oracle Hyperion Data Relationship Management (DRM) is a data governance tool that enables organizations to manage their enterprise data. It helps organizations to identify and resolve data quality issues, ensure compliance with regulatory requirements, and improve the accuracy of business decisions. The certification program is designed to help individuals demonstrate their knowledge and skills in using Oracle DRM.
The Oracle DRM certification exam consists of 60 multiple-choice questions and takes approximately 90 minutes to complete. To get certified, you must pass the exam with a score of at least 65%.
In order to take the exam, you must first register for it through Oracle University. The cost of the exam varies depending on your location but typically ranges between $125-$150 USD. Once registered, you will be given access to an online practice test which can help you prepare for the actual exam. Additionally, there are several online resources available that provide study materials and practice tests for the certification exam.
Once you have completed the exam, your results will be emailed to you within two weeks. If you successfully pass the exam, you will receive an official Oracle DRM Certification badge which can be displayed on your LinkedIn profile or other professional networks as proof of your expertise in this area.
6. Oracle Hyperion Interactive Reporting (IR) Certification
Oracle Hyperion Interactive Reporting (IR) Certification is a professional certification program designed to validate the technical knowledge and skills of individuals in the use of Oracle Hyperion Interactive Reporting. This certification is for those who have experience with the software and wish to demonstrate their proficiency in its use.
The Oracle Hyperion Interactive Reporting (IR) Certification is an online exam that takes approximately two hours to complete. The exam consists of multiple-choice questions that cover topics such as report creation, formatting, data analysis, and security. To get certified, applicants must pass the exam with a score of at least 65%.
To get certified in Oracle Hyperion Interactive Reporting (IR), individuals must first register for the exam on Oracle’s website. Once registered, they can then purchase and download the exam from Oracle’s website. The cost of the exam varies depending on which country you are taking it from but usually ranges between $100-$200 USD.
Once registered for the exam, individuals should prepare by studying relevant materials such as user guides, tutorials, practice exams, etc., which can be found online or through books and other resources. After passing the exam, individuals will receive an email confirming their certification status along with a digital badge that can be used to showcase their credentials on social media sites such as LinkedIn or Twitter.
7. Oracle Hyperion Financial Close Management (FCM) Certification
Oracle Hyperion Financial Close Management (FCM) Certification is a professional-level certification that demonstrates an individual’s expertise in the use of Oracle Hyperion Financial Close Management software. This certification is designed to validate an individual’s ability to effectively manage and close financial statements using Oracle Hyperion FCM.
It typically takes between two and three months to complete the Oracle Hyperion FCM certification process, depending on the individual’s experience level and the number of exams they choose to take. The first step in obtaining Oracle Hyperion FCM certification is to register for the exam online at the official Oracle website. Once registered, individuals must successfully pass one or more exams related to Oracle Hyperion FCM, which cover topics such as data analysis, reporting, budgeting, forecasting, consolidation and auditing.
The cost of obtaining Oracle Hyperion FCM certification varies depending on the number of exams taken and other factors such as location and payment method. Generally speaking, it costs around $200 per exam plus applicable taxes. Additionally, there may be additional fees for materials such as practice tests or study guides.
Overall, obtaining Oracle Hyperion FCM certification is a great way for individuals to demonstrate their expertise in using this powerful financial management software tool. It also provides employers with assurance that their employees are knowledgeable about this important technology and can use it effectively in their day-to-day operations.
8. Oracle Hyperion Strategic Finance (SF) Certification
Oracle Hyperion Strategic Finance (SF) Certification is a professional certification program offered by Oracle to help professionals demonstrate their knowledge and skills in the use of Oracle’s Hyperion Strategic Finance software. This certification is designed for individuals who are responsible for the planning, budgeting, forecasting, reporting and analysis of financial data using Oracle’s Hyperion Strategic Finance software.
The certification consists of two exams: 1Z0-532 and 1Z0-533. The 1Z0-532 exam focuses on the fundamentals of using Oracle’s Hyperion Strategic Finance software, while the 1Z0-533 exam focuses on the advanced features and functionality of the software. Candidates must pass both exams to obtain the certification.
It typically takes around 6 months to prepare for and complete both exams. During this time, candidates should gain hands-on experience with Oracle’s Hyperion Strategic Finance software as well as study related materials such as books, tutorials and practice tests.
In order to register for the exams, candidates must first create an account with Pearson VUE or Prometric. Once registered, they can then purchase vouchers from either vendor that will allow them to take the exams at a testing center near them. The cost of each exam is $245 USD.
Overall, obtaining an Oracle Hyperion Strategic Finance Certification requires dedication and hard work but can be extremely rewarding in terms of career advancement opportunities and increased earning potential.
9. Oracle Hyperion Business Rules Manager (BRM) Certification
Oracle Hyperion Business Rules Manager (BRM) Certification is a certification program designed to validate the knowledge and skills of professionals who use Oracle Hyperion Business Rules Manager. It is a specialized certification that focuses on the development, implementation, and maintenance of rules-based applications using Oracle Hyperion Business Rules Manager.
The duration of the certification varies depending on the individual's experience and background. Generally, it takes about three months to complete the coursework and pass the exam. The exam consists of multiple-choice questions and tests an individual's knowledge on topics such as rule authoring, rule deployment, rule execution, rule management, and troubleshooting.
To obtain Oracle Hyperion Business Rules Manager Certification, individuals must first register for an online course with Oracle University. The cost of the course depends on the type of course chosen but typically ranges from $1,500 to $2,000 USD. After completing the course successfully, individuals must then take and pass an online proctored exam in order to receive their certification. The cost of this exam is usually around $150 USD.
Once certified, individuals will be able to demonstrate their expertise in developing rules-based applications using Oracle Hyperion Business Rules Manager and will have access to additional resources such as user forums and technical support from Oracle University.
10. Oracle Hyperion Data Integration Management (DIM) Certification
Oracle Hyperion Data Integration Management (DIM) Certification is a credential that demonstrates a professional’s expertise in Oracle Hyperion Data Integration Management. It is designed to validate the knowledge and skills of professionals who use Oracle Hyperion DIM to manage their data integration projects.
The certification exam consists of two parts: the written exam and the practical exam. The written exam covers topics such as data integration principles, architecture, and development; data transformation; data security; performance tuning; and troubleshooting. The practical exam requires candidates to demonstrate their ability to create, deploy, and maintain an Oracle Hyperion DIM project.
It usually takes between 6-12 months to complete the certification process. To get certified, you must first pass both the written and practical exams with a score of 70% or higher. You can then apply for the certification through Oracle’s website.
The cost of getting certified depends on which version of Oracle Hyperion DIM you are using. Generally speaking, it costs around $1,500-$2,000 for the entire certification process.
11. Oracle Hyperion Workspace Administration and Security (WAS) Certification
Oracle Hyperion Workspace Administration and Security (WAS) Certification is a credential designed to validate a professional’s skills in administering and securing Oracle Hyperion Workspace. This certification demonstrates the candidate's ability to install, configure, maintain and troubleshoot Oracle Hyperion Workspace, as well as their understanding of security best practices for the product.
The certification exam typically takes about 90 minutes to complete. The cost of the exam varies depending on your geographical location, but generally ranges from $150-$250 USD. To get certified, you must first register for an Oracle account and then purchase an exam voucher from the Oracle University website. Once you have purchased your exam voucher, you can schedule your exam through Pearson VUE or Prometric testing centers.
In order to prepare for the certification exam, it is recommended that you take an official training course offered by Oracle University or attend a boot camp offered by a third-party provider. Additionally, there are numerous online resources available that provide practice tests and study materials to help you prepare for the exam.
Do You Really Need a Hyperion Analyst Certificate?
The short answer to the question of whether or not you need a Hyperion Analyst Certificate is “it depends.” Whether or not you need a Hyperion Analyst Certificate depends on your individual goals and career aspirations.
If you are looking for a job in an organization that uses Hyperion software, having a certificate can be beneficial. It shows employers that you have taken the time to learn about the software and understand how it works. The certificate also indicates to employers that you are serious about working with Hyperion software and can be trusted to do so confidently and effectively. Furthermore, some organizations may require applicants to have certification before they will consider them for certain positions.
On the other hand, if you are already employed in an organization that uses Hyperion software but don’t feel comfortable using it yet, obtaining a certificate could be beneficial as well. Having a certificate shows employers that you have taken initiative to learn more about the software and become more proficient with it. This could lead to higher levels of responsibility or even promotions within your current organization.
In conclusion, whether or not you need a Hyperion Analyst Certificate depends on your individual goals and career aspirations. If you are looking for work in an organization that uses Hyperion software, having a certificate could give you an advantage over other applicants who lack one. Similarly, if you are already employed in an organization using this type of software but don’t feel confident using it yet, obtaining certification could show employers that you are serious about learning more and help advance your career within the organization.
Related: Hyperion Analyst Resume Examples
FAQs About Hyperion Analyst Certifications
1. What is the Hyperion Analyst Certification?
Answer: The Hyperion Analyst Certification is a professional credential earned by individuals who have demonstrated their knowledge and expertise in the areas of Oracle Hyperion Financial Management (HFM) and Performance Management Architect (PMA). It is designed to validate an individual's ability to design, develop, deploy, maintain, and troubleshoot applications using HFM and PMA.
2. How do I become certified as a Hyperion Analyst?
Answer: To become certified as a Hyperion Analyst you must pass the Oracle Certified Professional (OCP) exam for either HFM or PMA. Additionally, you must have experience working with both HFM and PMA applications and demonstrate your knowledge through the completion of practical exercises.
3. What are the requirements for certification?
Answer: The requirements for certification include passing the OCP exam for either HFM or PMA, having at least two years of experience working with both HFM and PMA applications, and completing practical exercises that demonstrate your knowledge of the technologies.
4. Is there a fee associated with becoming certified?
Answer: Yes, there is an associated cost for taking the OCP exam which varies depending on location and other factors. Additionally, some organizations may require additional fees for participation in training courses or seminars related to Hyperion Analyst certification.
5. How long does it take to become certified?
Answer: The amount of time required to become certified as a Hyperion Analyst will vary depending on an individual’s prior experience with HFM and PMA technologies as well as their ability to pass the OCP exam within a certain timeframe. Generally speaking, it can take anywhere from several months up to one year or more to complete all of the necessary steps towards earning this certification.