Have an interest in finance and data processing? Then the Financial modeling course is for. Financial modeling skill is currently one of the most lucrative skills in the finance industry, it can open up many job opportunities for skilled professionals in the core finance sector like investment banking, portfolio management, financial planning, etc. Here is everything you need to know about financial modeling and also a list of the best financial modeling courses in India.
In layman’s language, financial modeling can be understood as a process of making a summary of a company’s cost and revenue, to predict the future performance and growth of the company or any particular project. This prediction of financial models is based on past data on the company’s performance and some assumptions. To make an excellent financial model income statement, balance sheet, cash flow statement, as well as other relevant statement is also considered. Financial modeling has become one of the must-have skills in the finance sector because of its wide variety of use in decision making, performance analysis, company valuation, etc.
Businesses make and use financial models to get assistance in making important financial decisions that would result in an increase in sales and revenue and ultimately the company’s profit. Financial models are also used by businesses to minimize the effect of some unavoidable and disastrous events like the recent pandemic. Financial models because of the above factor can be seen as a simple outcome analysis tool, which is as good as the analyst who made it, and only useful when the user can understand them.
Different Financial model is created to serve different purpose and address a question specifically related to finance and monetary choices. Businesses use financial models in various scenarios, some of them are:
- Businesses use financial modeling in raising debt and equity, as they have to present the value of the company properly and also the growth prospect it can offer, to raise equity. And for raisingthe debt, they need reliable data on the amount of money they would need, and how quickly they can repay it along with the interest.
- Assessment and management of risk is an essential part of business and financial models help in predicting the risks which can arise over a period, this prepares businesses for any outcome and also help in taking preventive measures to minimize its effects.
- Businesses often acquire and merge with other businesses to increase their profits, and expand their horizons. Usually, in mergers and acquisitions, a lot of money is in line, so executives use financial models to understand the financial standing of the company they are acquiring or merging with.
- Financial models are also used by businesses in making internal investment decisions, like where to reinvest the money, and what strategies they need to adopt to maximize their profits.
Why opt for financial modeling course?
The scope of financial modeling is increasing day by day as businesses have started to rely on financial models more for predicting the financial future of projects. Going for a financial modeling course from a reputed institute will surely give a candidate an edge over the others. As financial models assist businesses in making data-oriented and practical decisions, it is one of the most in-demand skills, which opens a wide range of job opportunities for skilled financial modelers in various finance organizations like research firms, banks, insurance firms, financial planning organizations, etc. financial models have been playing a crucial role in organizations for years and now most of the businesses have and position for financial modeling experts.
Financial modeling skills not only help in getting jobs but also boosts the career prospect of professionals who are already working in the industry. Investment banks, equity research, commercial banking, real estate firm, etc use financial models extensively in all their important decisions.
Financial modeling is one of the good add-ons for finance students as it helps them in understanding the basics of businesses while developing a skill that is vital and globally applicable in the finance industry. It is one of the most marketable skills in the finance world as it comprehends complex data in digestible numbers.
The best financial modeling course in India:
There is a sea of institutes offering financial modeling courses, and selecting a course to enroll in can be difficult for aspirants, so here is the list of the best financial modeling course in India, that will help you in narrowing down your options.
1. IIM SKILLS
IIM SKILLS is one of India’s top institutes offering various skill development courses. In the finance domain, they offer two courses namely a business accounting and taxation course and financial modeling course.
Their financial modeling course is considered one of the best courses because it not only going to train you with the concept of financial modeling but also aids you in learning this concept’s practical application via their weekly assignments and various live projects. During this financial modeling course, you get a good grip on all tools and techniques requires to make excellent financial models. This course includes live lectures, practical assignments, live projects, and case studies.
One of the unique features of IIM SKILLS is they provide round-the-clock online support and care, if you are looking for a financial modeling course that provides personal mentorship then IIM SKILLS is the institute for you. They also provide their student lifetime access to their LSM which contains all their resource materials like eBooks, session recordings, and much more.
NSE (National stock trading exchange of India Limited) also offers a financial modeling course that goes by the name of certification in online financial modeling. In this financial modeling, course candidate will learn to read and build financial models, that represents the investments and other monetary decision of an individual or business in numerical form.
This financial modeling course is designed to give students an in-depth understanding of fundamentals along with theirreal-world applications, which would help students to estimate the realistic financial standing of businesses. This course is structured in such a way that it would help students in understanding the ever-evolving financial market both at domestic and international levels.
NSE’s financial modeling course curriculum includes several case studies, and an introduction to basic to advance level of tools and techniques used in making financial models, to give students 360 degrees view of financial modeling.
Coursera’s business and financial modeling specialization is another financial modeling course that worth mentioning, in this list of best financial modeling courses in India. This financial modeling course is offered by the university of Pennsylvania, a member of the ivy league. This course is beginner’s friendly as no prior experience is required to enroll in this course and also the foundational part of the course will introduce candidates to spreadsheet models, forecasting, company valuation, and more.
It is a 100% online course, on enrolling you can instantly start learning at your schedule as they offer flexibility in deadlines. This course will approximately take six months to complete at the suggested pace of two hours per week.
In this financial modeling course, you’ll also get hands-on projects, which needed to be completed to earn the certificate of this course, that can be shared with your future employers and in your network.
FinLadder is a start-up in the education domain, founded by two undergrad students of Delhi University, to promote financial literacy. This online educational organization regularly prepares the aspirant for various finance courses.
They also offer financial modeling and valuation course at very affordable prices. it is an eight weeks detailed course, which also promises a guaranteed internship. Their course is apt for beginners, students, job-seekers, or anyone interested in learning financial modeling.
This course is especially beneficial if you are planning to make a career in the finance sector, as this course not only increases your understanding of corporate finance but also improves your resume, resulting in better job opportunities.
CFI is another good institute providing excellent financial certifications and training for skill development. They have more than a hundred courses available with more than five thousand lessons and topics. Foundered in 2016, it has become a leading name in the industry for its various excellent courses.
Financial modeling & valuation analyst (FMVA) is one of their excellent courses, which teaches candidates essential skills required to read and build a financial model. It also introduces candidates will all the latest tools and techniques require to build well-structured financial models, which simplifies the complex data into understandable and easy figures, and helps in the decision-making process.
Data and numbers are the backbones of every business, no matter what industry it belongs to, and with the raise of the digital era, computing data has become much more important, making financial models a must-have tool, especially in the finance industry. Enrolling in the best financial modeling course in India will open countless doors and prospects for skilled candidates. So, congratulations on your wise decision, and all the best for your exciting journey.