IIM SKILLS vs CFI Financial Modeling Course – Which Institute Should You Opt For
Looking for options for a financial modeling course? Then this article will present a comparison between IIM SKILLS vs CFI Financial Modeling Course. If you are a finance professional or want to make a career in the finance or accounting sector, then financial modeling is a topic that should be learned and should not be neglected. Financial modeling has become the most vital part of the finance sector and companies expect job applicants to know about financial modeling. In this article, I will present a comparison between the financial modeling courses offered by IIM Skills and Corporate Finance Institute.
Let us know the details about financial modeling before we start with our comparison between IIM SKILLS vs CFI Financial Modeling Course
What is Financial Modeling?
Financial Modeling is a representation of a business that is undertaken by financial analysts using various financial models with excel spreadsheets. A company’s financial statements are summarized and evaluated with financial models, and it is then analyzed to make predictions about the business. So, this analysis helps in the decision-making process of the company and helps predict any unforeseen challenges that might arise in the future.
It is a very important point to note here that financial modeling does not minimize the losses, but instead, it helps in forecasting the losses and so the company can prepare for any unforeseen changes that might arise in the future. Changes can be made accordingly in the processes to reduce the damage.
The financial modeling course enhances an individual’s skills to learn the concepts of valuation of the business and then use those facts and figures to analyze financial statements.
Types of Financial Models
There are various types of financial models, and each model is designed to solve a specific business problem. The financial models can be categorized based on their problem-solving capabilities like valuation, calculating and predicting risk, the performance of a portfolio, or predicting the economic trends within an industry or a region. Each sector requires different types of models, and they must be used accordingly.
The base for any financial model should be strong yet flexible. Before creating the financial model, financial experts should test it in various ways so it is trustworthy and it should be flexible in a way that with changing business scenarios, we can easily change the numbers and get results.
These Are Some of the Financial Models –
- Three Statement Model
- Discounted Cash Flow (DCF) Model
- Merger Model (M&A)
- Initial Public Offering (IPO) Model
- Leveraged Buyout (LBO) Model
- Sum of the Parts Model
- Consolidation Model
- Budget Model
- Forecasting Model
- Option Pricing Model
Let us now move to our detailed analysis of IIM SKILLS vs CFI Financial Modeling Course. The analysis is based on different factors like details about the institutes, course modules, course contents, and more details.
We will start our comparison with IIM Skills.
IIM Skills
IIM Skills was set up 5 years ago. To date, they have delivered over 2500 training to 15000+ participants. IIM Skills is an institute that conducts online classes for various professional courses, with its headquarters in New Delhi, India.
IIM Skills offer online live classes that are conducted by industry experts with over 12+ years of experience. Their focus is on enabling the students to learn practically rather than just focusing on the theoretical aspects.
To simplify the learning process all the course topics are divided into small segments so that it becomes easy for students to understand the subject well. The course moves at a comfortable pace, so students get a chance to understand the topic of the lecture, conduct practical assignments given with it and then proceed to the next lecture. Also, they have the option to choose from weekdays or weekend batches. So if you are a student or a working professional, then this flexibility in batch selection is definitely a plus point in the comparison between IIM SKILLS vs CFI Financial Modeling Course.
Their fee structure for all the courses is very affordable in comparison to the similar courses offered by other institutes.
Now let us see the Financial Modeling course highlights offered by IIM Skills.
Course Highlights
- Classes are conducted live
- Flexible scheduling – before enrolling you have the option to choose from the weekend or weekday batches
- Practical assignments of over 100 hours
- Hands-on learning with 4 live projects and 5 case studies
- Full placement assistance with support in preparing for an interview
- Tool-based practical learning
- Mentorship by industry experts with 12+ years of experience in their respective fields
- Access to the IIM Skills community, where you can watch recorded live classes, study materials, and ebooks
- Fee-back guarantee if you want to discontinue the course
- MSME Govt of India accredited certification from IIM Skills
- 24×7 learning and technical support
- Guaranteed internship is provided to students after the course
Course Duration
The duration of the financial modeling course offered by IIM Skills is 3 months with over 50+ hours of lectures and over 100+ hours of practical assignments. Course participants will also get the opportunity of 2 months of internship in which they will be placed in any one of the sectors from investment banking, financial modeling specialist & valuation advisory.
If you like to inquire more about the financial modeling course, then below mentioned are the details of the institute:
Phone Number: +91 9911839503
Email Id: info@iimskills.comWebsite: https://iimskills.com/
Eligibility Criteria to enrol in the Financial Modeling Course by IIM Skills
To learn financial modeling, there are no prior requirements or qualifications needed to join the financial modeling course offered by IIM Skills. Individuals coming from any stream of educational background can join the course.
But a basic knowledge of accountancy and excel will help in learning the course faster. Excel plays an important role in the preparation of financial models and requires advanced excel skills, which can only be learned if we are aware of the basics of excel.
But in case you do not have any prior experience in accountancy or have no knowledge about excel, then also you can join the course if you wish to pursue a career in the financial modeling sector. In the financial modeling course offered by IIM Skills, they teach basic excel in the first-course module.
Now let us see the course modules of the financial modeling course offered by IIM Skills
Course Modules
The Financial Modeling Course Offered by IIM Skills is Divided Into 6 Modules –
Module 1 – Training in Excel – starting from the basics and then heading to the advanced levels
Module 2 – Learning the various concepts of accounting and analyzing financial statements
Module 3 – Ratio / KPI analysis
Module 4 – Learning the basics of financial modeling
Module 5 – Knowing different types of financial models
Module 6 – Business valuation
Course Fees
The fees are ₹ 39,900 + 18% GST, which are very affordable as compared to other institutes offering similar courses.
Now, these were the complete details about the financial modeling course offered by IIM Skills. Let us now do a detailed analysis of the financial modeling course offered by the Corporate Finance Institute (CFI), so you can easily compare IIM SKILLS vs CFI Financial Modeling Course.
The institute offers courses like –
Digital Marketing Master Course
Let us now focus on the details of Corporate Finance Institute (CFI), so you can have a better idea of the comparison between IIM SKILLS vs CFI Financial Modeling Course.
Corporate Finance Institute (CFI)
Corporate Finance Institute (CFI) laid its foundation in 2016 and has become one of the most recognized training institutes in the field of finance. CFI trains finance professionals globally which help them to develop the skills and capabilities required to become an expert in the finance field.
Corporate Finance Institute (CFI) Provides Various Certification Programs –
- Financial Modeling & Valuation Analyst (FMVA)
- Commercial Banking & Credit Analyst (CBCA)
- Business Intelligence & Data Analyst (BIDA)
- Capital Markets & Securities Analyst (CMSA)
Apart from these, CFI also Provides Specialization courses –
- Commercial Real Estate Finance Specialist
- Environmental Social & Governance (ESG) Specialist
- Business Essentials
Now let’s see the Financial Modeling & Valuation Analyst (FMVA) course details offered by CFI
Course Highlights
The Financial Modeling & Valuation Analyst (FMVA) is designed to enhance the skills of the participants in the field of financial modeling and enable them to perform financial analysis practically.
The course is offered as a complete package that consists of 38 courses. The courses are divided into 3 parts – Prep Courses, Core Courses, and Elective Courses.
Prep Courses
7 prep courses will clear the basics and fundamental concepts of financial modeling. But all these 7 courses are optional. So, if are already working in the financial sector and are aware of these topics, you can choose to skip these. Let us see the course topics included in the prep courses –
- Accounting Fundamentals
- Capital IQ Fundamentals
- Corporate Finance Fundamentals
- Excel Fundamentals
- Macabacus Fundamentals
- Math for Corporate Finance
- Reading Financial Statements
Core Courses
This group consists of the mandatory 11 courses that need to be completed before moving to the next topic.
- Accounting Principles and Standards
- Budgeting and Forecasting
- Building a 3 Statement Financial Modeling
- Business Valuation Modeling Part I
- Business Valuation Modeling Part II
- Dashboards & Data Visualisation
- Financial Analysis Fundamentals
- FP&A Monthly Cash Flow Forecast Model
- PowerPoint & Pitchbooks
- Professional Ethics
- Scenario & Sensitivity Analysis in Excel
Elective Courses
In This Group, You Must Select 3 Courses Out of the Available Courses:
- Advanced Excel Formulas & Functions
- Corporate & Business Strategy
- ESG Integration & Financial Analysis
- Excel VBA for Finance
- Leveraged Buyout LBO Modeling
- Mergers & Acquisitions Modeling
- Mining Financial Model & Valuation
- Operational Modeling
- Presentation of Financial Information
- Real Estate Financial Modeling
- Renewable Energy – Solar Financial Modeling
- Startup/e-Commerce Financial Model & Valuation
After completing the course topics from the above-mentioned 3 modules, you are required to appear for the exam and score above 70 per cent to earn your program certification.
Course Fees
Cfi Offers 2 Types of Subscriptions to Choose From –
Self-study subscription which is charged at $ 41.42 / month – In this case, you can learn the course at your own pace.
Full-Immersion Subscription which is charged at $ 70.58 / month – In this case, you will get support from professionals and learn practically with case studies
The Financial Modeling & Valuation Analyst (FMVA) course is included in the above subscriptions. There are a few topics that are not included in the self-study subscription, whereas the full-immersion subscription includes the complete FMVA course.
For more information on the Financial Modeling & Valuation Analyst (FMVA) course, you can check the course on their website.
Recommended Reads
IIM SKILLS Financial Modeling Course Review
Financial Modeling Courses In India
Comparison between IIM SKILLS vs CFI Financial Modeling Course – in a Nutshell
Many institutions are offering financial modeling courses, but in this article, we have decided to present a comparison between IIM SKILLS vs CFI Financial Modeling Course.
The financial modeling course offered by both institutes is planned in a manner that will enable their students to learn the financial modeling concepts thoroughly and can progress in the field of financial modeling.
But there is a difference between the course style offered between both institutes.
The Financial Modeling & Valuation Analyst (FMVA) course offered by CFI is designed to enhance the skills of the participants in the field of financial modeling and enable them to perform financial analysis practically. The course is offered as a complete package that consists of 38 courses. The courses are divided into 3 parts – Prep Courses, Core Courses, and Elective Courses.
The financial modeling course offered by IIM Skills is offered as a complete package to its students which is designed to sharpen the skills of the participants to face real-world challenges and progress in their careers in the field of financial modeling. At the end of the course, you will get a clear idea about financial modeling and analyzing financial statements. The course by IIM Skills helps in sharpening your critical and analytical skills, problem-solving skills, communication skills, presentation skills, and finance and accounting skills.
There is a difference between the course fees charged by both institutes. The fees charged by IIM Skills for the financial modeling course is ₹ 39,900+18% GST. Whereas CFI offers 2 types of subscriptions to choose from The Financial Modeling & Valuation Analyst (FMVA) course is included in these subscriptions.
- Self-study subscription which is charged at $ 41.42 / month – In this case, you can learn the course at your own pace.
- Full-Immersion Subscription which is charged at $ 70.58 / month – In this case, you will get support from professionals and learn practically with case studies.
This is an important differentiating factor in the comparison between IIM SKILLS vs CFI Financial Modeling Course.
This was a brief comparison between IIM SKILLS vs CFI Financial Modeling Course.
Now, let’s go through some important questions which you might be having before joining the financial modeling course which will help you in choosing between IIM SKILLS vs CFI Financial Modeling Course.
Also read,
IIM SKILLS vs Wall Street Prep Financial Modeling Course
Frequently Asked Questions
Q1. Which skills are required for the financial modeling course?
There are no prior requirements or qualifications required to join the financial modeling course. Individuals coming from any stream of educational background can join the course. But a basic knowledge of accountancy and excel will help in learning the course faster. Excel plays an important role in the preparation of financial models and requires advanced excel skills, which can only be learned if we are aware of the basics of excel.
If you select the financial modeling course offered by IIM Skills, then they teach basic excel skills in the first-course module. Knowing basic excel will be a great help in learning and understanding the financial modeling course. Financial models are prepared using excel and the models form the base of the financial modeling analysis and decision-making process.
Q2. Will I get a job after the financial modeling course?
There are many career options available in the field of finance after the financial modeling course. Some companies may hire for a complete financial expert role, or some prefer to hire for specific job roles. The job type also depends on the level of experience you have in this field. If you are a fresher, you will get a beginner level or a specific role. Later when you progress further, you can get to look after the whole financial aspects of a company.
It is extremely important to choose a course that will help you to sharpen your skills and enhance your career prospects. So, this comparison between IIM SKILLS vs CFI Financial Modeling Course will help you to analyze both the courses and make the decision accordingly.
Also, before joining the financial modeling course, inquire about the internship opportunities and placement support from the institute. Both these are essential parts of your career path and will help you gain practical exposure and build your portfolio. IIM Skills offers guaranteed internships to its financial modeling students. Course participants will get the opportunity of 2 months of internship in which they will be placed in any one of the sectors from investment banking, financial modeling specialist & valuation advisory. The institute also helps the students in preparing for mock interviews and provides 100% job support.
Q3. Should I attend a demo class before enrolling in the financial modeling course?
Attending a demo class is very important to know about the course modules and teaching style of the institute. After attending the demo class, you can clearly understand whether you want to get enrolled in the course or not. IIM Skills offers a free demo class for all its courses which you can attend to get a better understanding of the topic. So before joining the financial modeling course, you can attend a free demo class by IIM Skills.
This feature of IIM Skills differentiates it from the other institutes offering similar courses. So before choosing IIM SKILLS vs CFI Financial Modeling Course or any other course, make sure you inquire about the demo class and surely attend one to get clarity.
Concluding Thoughts on the IIM SKILLS vs CFI Financial Modeling Course
Financial modeling courses are offered by many institutes with a slight variation in the course modules, teaching methodology, course duration, fees, and many factors. Always go through the course details carefully and choose the course that you feel will add to your knowledge. In case of any doubts, you can contact the institute and get your doubts cleared.
Another important point to consider before joining the course is to inquire about the internship opportunities and placement support after the course. Few institutes provide guaranteed internship opportunities like IIM Skills.
IIM Skills also guides its students to prepare for interviews and provides placement support. Do visit their financial modeling course, to know the details about the course.
In the end, check the course fees for the institutes and along with it do scan the course contents it offers in comparison to the fees and whether the contents justify the fee amount. This is very necessary since many times we feel that if a course is charged at very high fees, then it will be a good course. But such is not the case always. The financial modeling course offered by IIM Skills is charged at ₹ 39,900 + 18% GST.
The fee amount is very affordable as compared to other institutes offering similar courses, but along with it, the institute provides exhaustive course modules starting from basic excel training to developing and analyzing financial models. So, make sure you go through the course details carefully and choose the perfect course. The course should be able to provide value addition to your knowledge and it should help to shape your career positively.
I hope this comparison between IIM SKILLS vs CFI Financial Modeling Course, must have provided you with better clarity about both the institutes and the financial modeling courses offered by them.