IIM Skills vs IB Institute Financial Modeling Course – A Comparative Analysis

This is a detailed comparison between IIM Skills vs IB Institute Financial Modeling Course. We often get confused in our decision about our career, because it is very crucial in deciding our future. One wrong choice about a course or institute can waste our time, money, and energy. Anyone pursuing a job in the finance or accountancy sector must learn the concept of financial modeling to succeed in their career. So, if you are confused too about which institute to select for pursuing a course in financial modeling, then this article will help you to decide. I have presented a detailed comparison between the financial modeling course offered by two institutes – IIM SKILLS vs IB Institute.

Before moving to our comparison between IIM SKILLS vs IB Institute Financial Modeling Course, let us understand financial modeling and why it is gaining so much popularity.

What is Financial Modeling & Why it is so Popular?

Financial modeling is an abstract representation of an organization’s financial position based on financial models. Financial modeling can be used for any given period.

The basis of any financial modeling decision or prediction is based on assumptions. Those assumptions are made by financial modeling experts using financial models. Financial models are prepared using excel and each model defines a specific scenario and helps in resolving a specific type of problem.

Financial models do not help to reduce the losses that a company might incur in the future, but it helps to reduce them by predicting and foreseeing them in advance.

Each financial model addresses a specific type of business scenario – from calculating the cost of projects, allocating the corporate resources, mergers, and acquisitions, raising capital, and more such issues of business that arise either daily or periodically.

Now we have understood financial modeling, but now let us see the reasons why this concept is gaining popularity. These details will help to choose financial modeling as a career option and then you can go ahead and read out the comparison between the courses by IIM SKILLS vs IB Institute.

Reasons for Financial Modeling Gaining Popularity – 

In almost every sector, there is a role of a financial modeling expert.

• In the corporate sector, financial modeling helps predict future performance to set targets and plan various activities like acquiring new projects, expansion, fund-raising, mergers, and acquisitions.
• In the investment banking sector, financial modeling is used to predict a company’s performance and decide on the estimated value of the company. Also, the financial performance of a company is compared with the peers and competitors in the same industry. This information helps a lot in the case of mergers & acquisitions.
• Private Equity Firms use financial modeling for the assessment of risks and returns from investments which can help in knowing the company’s progress and planning about whether to proceed with the investment or not.

Still, there are a lot of sectors like Credit Rating Agencies, mutual funds, project finance companies, and venture capital firms, that use financial modeling services.

This is the reason why financial modeling has become an integral part of the financial sector and is gaining popularity.

Types of Financial Models

Different types of financial models are used to solve a specific business scenario and each model has its uses.

Types of Financial Models are – 

• 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

So, let’s begin our point-wise comparison between IIM SKILLS vs IB Institute Financial Modeling Course. We will start with IIM Skills.

IIM Skills

About the Institute

IIM Skills has successfully delivered 2500+ training classes over 5 years and have trained and prepared 15000+ students globally in the financial modeling field.

IIM Skills is a leading institute in providing professional online classes, conducted Live. The classes are conducted by faculties with over 12 years of relevant industry experience. They have an illustrious Financial Modeling Course that incorporates all important concepts of finance and taxation.

The Institute Offers Courses Like – 

Content Writing Master Course

Digital Marketing Master Course

Advanced SEO Course

Technical Writing Course

GST Certification Course

Business Accounting And Taxation Course

Course Highlights

These are the main highlights of the financial modeling offered by IIM Skills:

• Interactive live online course
• Flexible scheduling
• Practical assignments
• Hands-on learning
• Dedicated placement cell
• 100% interview guarantee
• Tool-based practical learning
• Mentorship by top-level professionals
• Community access to the alumni
• Full Refund of the amount of the fee charged by the institute if you are not comfortable with the course
• Accredited certification from IIM Skills
• Full learning support
• 3 months course duration + 2 months guaranteed internship

Now let us have a look at the course contents for the financial modeling courses offered in IIM Skills.

Course Modules

The financial modeling course is offered in 6 modules by IIM Skills

Module 1 – Excel training including basics

Module 2 – Accounting concepts and analysis of financial statements

Module 3 – Analysing Ratios

Module 4 – Learning the concept of financial modeling

Module 5 –Types of financial models and their analysis

Module 6 – Business valuation

Course Duration

The financial modeling course duration is 3 months. The course is divided in –

• 50+ hours of lectures
• 100+ hours of practical assignments
• 4 Live Projects
• 5+ Case Studies

Course Fees

The financial modeling course fees offered by IIM Skills are ₹ 39,900 + 18% GST.  The fee structure is very competitive as compared to other institutes offering similar courses.

Placement Assistance & Job Opportunities After the Course 

IIM Skills offers placement assistance after the successful completion of the financial modeling course. The institute offers a guaranteed 2-month internship, which will be in one of the sectors from – investment banking, financial modeling specialist, and valuation advisory.

An internship is a great way to learn practically and prepare for the job-related challenges of the real world.

IIM Skills also guides and helps in preparing your resume and even guides in interview preparation. They have 150+ placement partners from whom you can get a call for an interview.

Students who have completed the financial modeling from the institute have been placed in renowned companies like –

• Bata
• IBM
• KPMG
• Barclaycard
• L&t Infotech
• Amazon
• Bajaj
• Tata Capital

Eligibility Criteria

As such you need just two basic skills to pursue a financial modeling course i.e, basic knowledge in excel and accountancy. But having said that, it is not at all a prerequisite for the course that can prevent you from enrolling in the course.

These skills can help you learn financial modeling faster and in a better way. But always check the course details page of any institute before enrolling for the course.

IIM Skills covers the topic basics in excel in the very first module, so it becomes easy for those who are not aware of the topic. So, in case you do not have a prior experience or knowledge in excel you can join the financial modeling course by IIM Skills.

In addition to providing basic knowledge in excel, IIM Skills also help develop various skills that are required for the role of a financial modeling expert. After the course, a candidate will be ready to face the job challenges of the real world.

The Skills are – 

• Analytical skills
• Problem-solving skills
• Communication skills
• Presentation skills
• Learning focus and analyzing with a keen interest in the model so you don’t miss out on any minute details
• Finance and accounting skills
• Learning to address and know about various problems and how to approach them

Learning About Excel

As I mentioned earlier, excel is the base for financial modeling and it is an added advantage if you know excel before joining the financial modeling course. But, at IIM Skills you don’t need to worry about that part.

The Institute Provides the Mentioned Learnings and Training in Excel – 

• Learn the important excel formulas that help in financial analysis
• Learn to use past financial data in analyzing and predicting the company’s future performance
• Successfully execute and decode predictive models to forecast financial outcomes and make accurate decisions and predictions
• Learn to compute various financial ratios
• Learn to make dynamic models that are a must for any financial modeling expert
• Learn to analyze the models efficiently without errors because keen attention to detail is a must in the analysis

You can visit the IIM Skills Financial Modeling course page, for more information.

Recommended Reads

IIM SKILLS Financial Modeling Course Review

Financial Modeling Courses In India 

Financial Modeling Course Eligibility

Now, this was a detailed comparison between IIM SKILLS vs IB Institute Financial Modeling Course. Let us now learn about the details of the financial modeling course offered by IB Institute.

Investment Banking Institute (IB Institute)

Investment Banking Institute (IB Institute) provides various professional courses for topics like Excel, Visual Basic of Application (VBA), Charts, Dashboards, Financial Modeling, Company Valuation, Project appraisal, Merger, and acquisition.

The institute provides live online classes. They also provide customized corporate training where they train an organization’s staff as per the requirements of the firm.

The institute uses a mix of theory and practical tools like excel-based exercises, PowerPoint presentations, and case studies for their courses.

Course Highlights

• The institute offers full support in the preparation of an interview and even helps in preparing your resume
• The institute provides two types of financial modeling courses – live online & self-paced
• Get access to video backup for the live sessions
• Learn using excel-based exercises, PowerPoint presentations, and case studies
• Get a query-solving session with faculty members
• 100% placement record for the financial modeling course since last 14 years
• Prepare for the interview after the first session
• After the course completion, students will receive certificates from IB institute, NSE, and Microsoft.

Let us have a look at the course modules of the financial modeling course offered by IB Institute. So, you can get a clear picture of the financial modeling course offered by IIM SKILLS vs IB Institute.

Course Modules

Basic & Advance Excel

Financial Statements & Analysis

Project Finance

Discounted Cash Flow Valuation (DCF) Analysis

Trading Combs Valuation Technique

Transaction Valuation Technique

Merger and Acquisition Analysis

Pitchbook Benchmarking Price Rebasing Company Profiling

Business Valuation

IPO Valuation

Equity Research Model

Capstone Project & Assessment

Course Duration

There are weekend batches for the online financial modeling course offered by IB Institute and the total time required for the course are 20 days, conducted every weekend.

Job Opportunities After the Course 

After completing the financial modeling course offered by IB Institute, participants can be hired for these positions – Financial Analyst, Research Analyst, Equity Research Analyst, Business Analyst, Credit analyst, Portfolio Manager, Fund Manager, and Corporate Finance Analyst.

The Industry Sectors Include – 

• Investment Banking
• Project Appraisal
• Private Equity
• Hedge Funds
• Equity Research
• Corporate Finance
• Knowledge Process Outsourcing
• Asset Management
• Rating Agencies

Always choose a course that helps you in shaping your skills and capabilities and enhances your career prospects. So, this was a comparison between the financial modeling course offered by IIM SKILLS vs IB Institute to guide you in analyzing both the courses and making the decision accordingly.

Now let’s see a point-wise comparison in brief between the financial modeling course offered by IIM SKILLS vs IB Institute. For a simple understanding, I have presented my comparison in a tabular format based on different points, so it becomes easy to understand and compare.

Comparison between IIM SKILLS vs IB Institute Financial Modeling Course – in a Nutshell

Both institutes – IIM Skills vs IB Institute offer financial modeling courses that cover basic concepts from an advanced level of study with a focus on practical learning.

This was a brief comparison between IIM SKILLS vs IB Institute Financial Modeling Course.

Now you might be having some questions before selecting the best financial modeling course between IIM SKILLS vs IB Institute. So, let us first have a look at the frequently asked questions.

Frequently Asked Questions (FAQs)

Q1. What makes financial modeling courses a top choice for professionals and students today?

Financial Modeling courses today are one of the most coveted professional courses. With businesses keen to assess the health of their business organizations in order to make key decisions like capital investment and other vital decisions, it makes sense to create financial models. Financial models incorporate historical data and information from financial statements to understand the feasibility of making investments. Thus, it is a very useful tool to predict the financial standing of enterprises.  Financial Modeling courses ensure that you have an in-depth understanding of how to create financial models to help businesses in fulfilling their objectives.

Here Are a Few of the Reasons for Choosing A Financial Modeling Course – 

• Extensive Curriculum
• Practical assignments
• Hands-on learning
• Dedicated placement cell
• 100% interview guarantee
• Tool-based practical learning
• Mentorship by top-level professionals
• Community access to the alumni
• Full learning support
• Internship and soft skills training

Q2. I don’t have prior knowledge in excel, can I still join the financial modeling course?

For any financial modeling course, it is not mandatory to have basic excel knowledge, but it can be an added advantage if you are aware of the basic excel formulas. So, a basic knowledge of excel and accountancy can help you introduce the course easily.

But as I said, it is not at all mandatory for the course and it cannot prevent you from enrolling in the course. These skills can help you learn financial modeling faster and in a better way. But always check the course details page of any institute before enrolling for the course.

The institutes cover the fundamentals first, hence it becomes easy for those who are not aware of the topic. A structured learning approach helps in strengthening your core knowledge of the topics.

The institutes mentioned in this article help to develop various skills that are required for the role of a financial modeling expert like analytical skills, problem-solving skills, communication skills, presentation skills, finance, and accounting skills, and help with addressing and knowledge about various problems and how to approach them.

Q3. Is it worth doing financial modeling course?

The concept of financial modeling is gaining popularity in recent times and has become an integral part of the financial sector.  Now let us see the sectors which use the services of a financial modeling expert that will help you to decide about the financial modeling course.

In Almost Every Sector, There is a Role of a Financial Modeling Expert, to List a Few – 

• In the corporate sector, financial modeling helps predict future performance to set targets and plan various activities like acquiring new projects, expansion, fund-raising, mergers, and acquisitions.
• In the investment banking sector, financial modeling is used to predict a company’s performance and decide on the estimated value of the company. Also, the financial performance of a company is compared with the peers and competitors in the same industry. This information helps a lot in the case of mergers & acquisitions.
• Private Equity Firms use financial modeling for the assessment of risks and returns from investments which can help in knowing the company’s progress and planning about whether to proceed with the investment or not.

Still, there are a lot of sectors like Credit Rating Agencies, mutual funds, project finance companies, and venture capital firms, that use financial modeling services.

After going through the details, I am sure you must be tempted to pursue financial modeling as a career option and go ahead and make a choice between the courses by IIM SKILLS vs IB Institute.

Final Thoughts on the Comparison Between IIM SKILLS vs IB Institute Financial Modeling Course

Both the institutes – IIM Skills and IB Institue offers financial modeling course that covers all the essential topics and provides a focus on the practical learning aspects through case studies, assignments, and projects.

In case of any further doubts, you can always contact the institute and clear your doubts. IIM Skills offers a free demo class for all the courses. It is better to attend a free demo class before joining the course to get a clear idea about the teaching style of the institute and the course details.

Another important point is to go through the course details carefully and then make a choice. The course should cover all the aspects of financial modeling from basic to advanced levels with a focus on the practical aspects and teach you all the required skills to use excel tools and make financial models.

I hope this comparison will help you in deciding about the best financial modeling course between IIM SKILLS and IB Institute.