Are you interested in entering the dynamic world of numbers and spreadsheets? Are you considering a career in Finance? This article will introduce you to the world of Financial Modeling and how it can help you embark on an exciting journey in Finance. The article will talk about the various aspects of the field and help you find several options for financial modeling courses in India. Before we explore the vast universe of options for a financial modeling course in India, let’s cover all the roots and foundations.
What is Financial Modeling?
Financial Modeling is the process of gathering and creating a spreadsheet of a company’s present financial expenses and profits and then using it to forecast future financial performance. It is used to estimate the valuation of a business or to compare it with industry competitors.
The current world is all about numbers. In that context, financial modeling helps companies to weigh and compare the advantages and disadvantages of their decisions in quantitative terms. In simple terms, financial modeling is the mathematical representation of different aspects of a business.
It is generally based on the company’s historical performance. The models are used as decision-making tools to test and analyze how a company will react to different situations. These models are built before the business goes ahead with a new strategy, decision, or product.
Who Builds Financial Models?
Before committing to financial modeling courses in India, it is important to understand who exactly builds these models. There are several kinds of professionals that work on developing financial models. Some of them are:
- Investment Bankers
- Equity Analysts
- Public accountants
- Portfolio Managers
- Investment Managers
- Risk Analysts
- Data Analysts
- Financial Analysts
- Management consultants
There are several kinds of financial models. The models differ based on the reason why they are being built. Here are 5 different kinds of Financial Models:
1. Three Statement Model:
This is the most common type of financial model. As the name suggests, it connects the three financial statements – income statement, balance sheet, and cash flow- using formulas in excel to build one dynamically linked model. This is then used as a base for building complex financial models.
2. Discounted Cash Flow (DCF) Model:
The DCF model builds on the previously mentioned three statement model and is used to value a business based on the Net Present Value (NPV) of the business’s future free incomes. This model is prominently used in determining the valuation of a company for mergers and acquisitions and leveraged buyouts.
3. Initial Public Offering (IPO) Model:
The IPO models are built by investment bankers and corporate development professionals to value a company before it goes public. These models examine comparable company analysis alongside working on estimating how much the investors will be ready to pay for the particular company.
4. Merger or M&A model:
This is one of the advanced models that is used to analyze the accretion/dilution of a merger or acquisition. It is mostly used in investment banking and/or corporate development. In M&A, one of the core financial models is used to analyze how the merger or acquisition will impact the earnings per share (EPS) of the company following the deal.
5. Credit Rating Model:
This model is generally built by banks, NBFCs, or other Financial Institutions to analyze the credit worthiness of a borrower. The model focuses on how to set up interest payments and principal repayments by the borrower promptly.
Some other types of financial modeling include Leveraged Buyout (LBO) Model, Sum of the Parts Model, Consolidation Model, Budget Model, Forecasting Model, and Option Pricing Model.
Why Financial Modeling is Important?
The value of financial modeling is increasing rapidly in the finance industry. While pursuing financial modeling courses in India, you will learn the various applications that these models have on both day-to-day and long-term business operations. Some of the benefits of financial modeling are as follows:
- Financial models are created after performing a lot of analysis. They provide an in-depth understanding of the business which prepares the companies to better handle the uncertainties of the future.
- Financial modeling includes performing the variance analysis which compares the actual results of the business against the budgets. This review can help companies get an overview of how their business is performing and make any changes if required.
- Financial models give a clear picture of expected cash inflows and outflows. Using this data, the company can plan its fund requirements and strategies efficiently.
- Financial models can be used to analyze a company’s true worth. These valuations become useful if a company plans any kind of restructuring, like selling a stake to external parties or investors.
- Financial modeling helps carry out a business’s due diligence by forecasting the financial impacts of any new projects or activities. For example, a business could know the financial impact of introducing a new product, entering a new market, or the effect of price changes on the business.
Institutes Offering Financial Modeling Courses in India:
1. IIM Skills
IIM Skills is one of the leading institutions in the ed-tech space with headquarters in New Delhi, India. It provides many skill-based courses that are led by industry experts. All the courses are practical, job-oriented, and industry-relevant. They have trained more than 15,000 people across 35 countries.
Why Choose IIM Skills for Financial Modeling Course:
The financial modeling courses in India delivered by IIM Skills are designed by industry leaders. The curriculum is detailed and vast and it is customized to help attain market-level jobs. It is divided into 6 Modules that perfectly balance theoretical and practical knowledge. It covers major industry topics like Basic to Advanced Excel, Ratio/KPI Analysis, different Financial Models, and Business Valuation.
The course will help you cultivate several skills that will be useful to build a career in Financial Modeling like Critical and Analytical Skills, Substantial Finance and Accounting Skills, and Problem-Solving Skills. IIM Skills offers flexible classes. The courses are designed to be accommodating.
Both weekday and weekend sessions are offered by the institute. If a need arises, it also provides backup classes. The faculty includes industry experts with years of experience in top companies. All learning resources are available 24/7 and their learning management system is very user-friendly.
Upon passing the examination, you will receive a shareable authorized Master Financial modeling Certification recognized by the MSME Govt of India. This will help you strengthen your resume and CV. IIM Skills also offers an internship for two months with 100% job support.
For More Details:
Phone: + (91) 99 11 839503
2. IMS Proschool
Since 1977, IMS has helped students build long-term successful careers. In an AC Nielsen and Brand Equity Survey, it was recognized as the fourth most trusted education brand. IMS Proschool, an NSDC-approved institute, is an extension of similar missions and values. The Proschool helps students identify professional opportunities and build the required skillset. It has trained more than 30,000 students across various courses.
Why Choose IMS Proschool for Financial Modeling:
IMS Proschool can also be considered as one of the options for pursuing financial modeling courses in India. Their course is a 55hrs+ training program that will lead to joint certifications from NSE Academy, NSDC, and IMS Proschool. It will help you master various skills including Advance Excel, Report Writing, Presentation Skills, and Decision-Making Skills.
The curriculum is structured and comprehensively covers all relevant aspects that will help you thrive in the corporate world. The institute offers both online and offline studying opportunities. It has 15 offline branches across India. The course is divided into 5 Modules which will cover major topics like Equity Modeling, Excel, and Corporate and Project Finance.
IMS Proschool offers extra certification in VBA & Macros and Mergers & Acquisitions via online training after earning NSE Academy certification. The course includes a live project that will provide real-life industry experience. You will get to learn from industry masters. Furthermore, the course incorporates several case studies that will help students expand their industry knowledge. They also help students with mock interviews and job placements.
For More Details:
Phone: + (91) 7710044425
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3. The Wallstreet School (TWSS)
The Wallstreet School (TWSS) is a leading finance training entity that offers training in Financial Modeling, Business Valuations, Stock Market Analysis, CFA Training, and Big Data Analytics. It has trained more than 10,000 individuals across the world through its classroom and Online Programs. Additionally, it offers specialized corporate training.
Why Choose TWSS for Financial Modeling:
The Wallstreet School’s Financial Modeling and Valuations course is a 6-weeks long program. The faculty consists of experts who have worked with major investment banks. The curriculum consists of up-to-date material with real case studies and discussions. It is broken up into six substantial modules which incorporate several concepts including Advanced Excel, PowerPoint, Comparable Company Analysis, Precedent Transaction Analysis, and Feasibility Study.
The course is very flexible as it provides both classroom training and online sessions. It offers experiential learning and 100% placement assistance. It is designed by investment bankers and industry experts in such a fashion that it provides a detailed understanding of investment banking techniques, equity research, and capital markets.
An industry-recognized certificate is awarded following the successful completion of the training. Individuals who desire to pursue financial modeling courses in India through TWSS need to note that they have to clear an Eligibility Interview and the TWSS management reserves the right to admit any applicant.
For More Details:
Phone: + (91) 9953729651
4. Corporate Finance Institute (CFI)
The Corporate Finance Institute (CFI Education or CFI) is a prominent online education platform that provides practical training in programs like Financial Modeling, Investment Banking, and the CFA Prep program. They have trained more than 5,000 professionals. It offers classroom sessions in Delhi, Gurugram, and online classes across India.
Why Choose CFI for Financial Modeling:
The Financial Modeling and Valuation Analysis course offered by CFI comprises 100 hours of classroom sessions that run for 2.5 months. The classroom sessions are followed by a Capstone project and Soft Skill Training. Following the completion of these 3 milestones, you will become eligible for Job placements.
The vast and comprehensive course curriculum covers various crucial skills including PowerPoint, Excel, DCF Valuation, Project Finance, and Company Profile and Pitchbook. CFI’s team includes highly experienced educators and aims to build technical expertise. This course was designed after two years of substantial research and consultation with corporates. CFI also offers placement assistance, help in CV building, and scheduling interviews.
For More Details:
Phone: + (91) 9354266554
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In 2008, four industry professionals started a new training company called EduPristine. In a few years, it became a Premier Finance Training Provider across the globe. It provides training across five verticals- Finance, Accounting, Analytics, Marketing, and Healthcare. The courses are offered through both online and classroom modes. They have trained more than 50,000 students across 25+ courses.
Why Choose EduPristine for Financial Modeling:
The financial modeling course of EduPristine is designed in collaboration with the BSE Institute Ltd. The content of the course is industry-relevant. It covers excel based training. Soft skills like Interpersonal Communication, Presentation Skills, Email, Virtual Communication, and Emotional Intelligence are a part of the curriculum. After Course Engagement (ACE) Customised Career Guidance is also provided.
The course includes Classroom Training and Corporate Training. It is a 14-day, 70 hours course delivered by experienced and passionate trainers. A certificate from BSE Institute will be provided upon the successful completion of the course. EduPristine is a name that is trusted by Fortune 500 companies, professionals, and students across the country.
For More Details:
Phone: 1800 200 5835
Udemy is a massive open online course (MOOC) provider with innumerable professional course options for both students and working professionals.
Why Choose Udemy for Financial Modeling:
Udemy offers self-paced learning and on-demand videos. It provides you with the flexibility to learn anytime, anywhere. It also extends lifetime access to course materials. If you are planning to enroll in Udemy for financial modeling courses in India, you will be able to choose from the numerous courses available on their platform depending on what you want to learn.
Do you want to focus on advancing your Excel skills or do you want to learn how to build different financial models? Based on your requirement, you can choose from the myriad of courses offered by Udemy.
For More Details:
7. Imarticus Learning
Imarticus Learning is also a great option for people who are looking for good financial modeling courses in India. Imarticus is one of the front-running tech-based professional education firms. To prepare the learning community for a futuristic, tech-driven world, it offers various advanced programs in areas like Data Science & Analytics, AI, Machine Learning, FinTech, Investment Banking, and Marketing.
Why Choose Imarticus for Financial Modeling:
Imarticus brings the Financial Analysis Prodegree course in collaboration with the leading professional services and accounting firm, KPMG. It is a 180+ hours online course that focuses on skill-building in various aspects of finance. Almost 25+ hours of the sessions are delivered by senior faculty and experts from KPMG India.
This course will arm you with prominent skills like Financial Statement Analysis, Modeling, and Valuation, Equity Research, Excel, and PowerPoint. The curriculum includes six real-world projects and it is designed in collaboration with KPMG which ensures that it is industry-relevant. A certificate co-branded by Imarticus Learning and KPMG in India will be given after the completion of the course. The Imarticus Placement Portal will help with job placements.
For More Details:
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8. Learning & Development Academy by Grant Thornton
Learning & Development Academy by Grant Thornton in India offers training programs to both professionals and students. The academy provides Instructor-led Online Live programs, Classroom sessions, and e-learning.
Why Choose GT Academy for Financial Modeling:
The Certification in Financial modeling & valuation offered by GT Academy is designed to help learners build business & valuation models. The curriculum strives to blend conceptual knowledge and industry practices. The program covers various important topics including Excel, Modeling Valuation, Project Valuation, Basic Macros, and M&A. It includes 40 hours of classes and a Certificate of participation. Access will be provided to Grant Thornton LMS and post-training support will be delivered through their MyGAAP portal.
For More Details:
Phone: +(91) 965 419 0274
9. EY Learning Solutions
EY Learning Solutions aims to provide working professionals, corporate, academic institutes, and students with well-researched content that will help them understand emerging trends, fill functional competency gaps and upgrade their skills. Their team of trainers delivers technical knowledge around the globe. All courses are updated regularly to incorporate changing trends and guidance. The courses are delivered by experts who have first-hand knowledge of the subject matter.
Why Choose EY for Financial Modeling:
The Certificate in Financial modeling and Valuation by EY Learning Solutions is also a remarkable choice for financial modeling courses in India. As part of the course, individuals will learn to build efficient and accurate financial models. The basics of business valuation, different valuation methods, and interpretation of the results of valuation will be covered in this course.
Several crucial aspects of financial modeling like tax calculation, sector-specific working of revenue and expense, building macros, and structuring and designing models will be taught by the instructors. The course includes 36+ hours of learning videos and six months of access to EY’s LMS. Candidates will receive a certificate of completion after they clear the assessment at the end of the course.
For More Details:
Phone: +(91) 9811638456
10. Henry Harvin
Henry Harvin is one of the leading online education institutes with a customer base in more than 97 countries. The institution exists across various business verticals including College Programs, Corporate Programs, Skill Development Programs, Consulting Services & Assessments. It has trained more than 3,00,000 individuals.
Why Choose Henry Harvin for Financial Modeling:
The financial modeling courses in India offered by Henry Harvin include 40-hour live online interactive classroom sessions taught by experienced trainers. It is divided into 7 seven modules and two case studies that perfectly cover practical knowledge and applicative skillset. The modules cover topics like Excel, Financial Report Writing, Cash Flow Statements, and Equity Research modeling.
The Financial modeling Professional Certificate awarded by Henry Harvin upon the completion of the course is globally recognized and is affiliated with MSME and the Government of India. The curriculum is designed to make you job-ready and it includes hands-on training on Excel Workbooks. With almost 2,100 hiring partners, you will get exposure to several jobs globally.
For More Details:
Phone: + (91) 9891953953
Q1. What is the Scope of a Financial Modeling Course? What is the job market for Financial Modeling Professionals?
The scope of financial modeling courses in India is rapidly increasing and this is expanding the job opportunities in the field. Almost every business needs well-structured models that can assist them in their financial planning. Financial modeling professionals are hired by:
- Equity research firms
- Investment banking firms
- Corporate finance companies
- Credit rating companies
- Consultancy firms
- Venture capital firms
Q2. What are the skills that are needed to begin a successful career in Financial Modeling?
Some of the skills that you will require when you are looking for a job as a financial modeler are:
- Advanced Excel skills- Mastering Excel tools like VBA programming, VLOOKUP and macro
- Knowledge of Accounting and Finance
- Attention to detail
- Research and Analytical skills
- Presentation skills
- Ability to simplify large and complex amounts of data
- Understanding of the Economy
- Forecasting skills
Make sure you choose financial modeling courses in India that will help you learn the required skills.
Q3. Who can pursue financial modeling courses in India?
Professionals already working in the finance industry who wish to expand their horizons can opt for this course. Those professionals include- Chartered Accountants, Cost Accountants, Company Secretaries, and Tax Professionals. Financial modeling courses in India can also be done by anyone interested to switch careers irrespective of their educational background. It might seem difficult initially, but what are these courses for, if not to equip you with the best skillset and knowledge.