5 Institutes Providing Diploma in Financial Modeling

Are you looking for a course to improve your practical knowledge in the financial field? A diploma in Financial Modeling is one of the most prominent courses in the field of finance. While you may feel that you are job-ready, many candidates fail to impress their recruiters during the interview round. Do you know the reason? Well, maybe you have a good degree but your peer could impress the recruiter more. Even you can then do something that would land you your dream job. Maybe a skill-based course, what say? Let’s find out!

What Is a Diploma in Financial Modeling?

To be very specific, financial modeling refers to the technique through which the revenue, profits, losses, investments, taxes, and all such monetary data are recorded. Tools like Excel and spreadsheets are used for this purpose. Did this ring any bell? No, right! So let’s delve into this concept in detail.

Financial Modeling forms the core part of the finance industry. A diploma in financial modeling will provide you with the practical knowledge and skills you would require in this field. The company’s decisions on future investments, profit prospects, etc are all analyzed through these models. Analyzing financial statements, making different models depending upon the financial data, and forecasting the future of the business are all interconnected.

Forecasting the Future Would Refer to:

• Where to invest to gain maximum profit
• Amount of profit I am expecting from an investment
• Changes in the market
• Inflations
• Changes in Government Policies
• Reserve Funds

Through a financial model, the analysis takes place which is then used by the forecaster to predict and give advice. If you want to enter this interesting yet critical profession, then doing a financial modeling course is highly recommended to you. After all, you are going to get accustomed to some of the major techniques and tools used today.

You may also read: Career in Financial Modeling

Jobs I Can Do After Doing a Diploma in Financial Modeling

• Risk Manager
• Financial Analyst
• Accountant
• Auditor
• Cashier
• Equity Research Analyst
• Forecaster
• Financial Advisor
• Tax Analyst
• Modeler

Scope of Doing a Diploma in Financial Modeling 

A financial modeling course is bound to prove extremely useful to you. Think about the 80s and 90s. We were just starting to know about emails used in America then. By the late 1990s, the computer got introduced in India. Since then, there has been a change in the world around. With the computer came the internet and since then there has been mass digitization around. A lot of newer kinds of jobs have opened up. Today you can be a blogger, a home-baker, a content writer, etc. These professions got introduced due to technological innovations.

Just like any other field, finance as a sector also underwent a mass change. The manual work of recording, auditing, accounting, etc was now replaced by advanced software and different kinds of tools and techniques which not only lessened the work burden on the employees but also reduced the chances of error up to a great length. A diploma in financial modeling would help you to gain the practical skill-based knowledge used in the professional world.

What our traditional degree courses lacked can be now overcome by getting ourselves enrolled in a course like this. Not only will this course give you an extensive knowledge base but it will also help you to widen your perspective. By the end of this course, you are going to get familiarized with a lot of newer kinds of professions which you could perhaps try your hand at. The certificate provided at the end of the course will make you a certified financial modeler. 

A certified financial modeler has a greater job prospect. You would be able to grab a great job offering you a great salary package. If a course is actually benefitting you so much, why would you not do it, right!

Also read: Online Financial Modeling Courses

Skills That Would Make Me a Good Financial Modeler

Sincerity:

One of the most important qualities a person should possess is sincerity towards your work. Sincerity towards your work will help you to shine. Sincerity towards your work is nothing but your interest in your work. The greater interest you have to understand newer techniques and thereby use them individually, your sincerity towards your work would also increase.

Strong Excel Skills:

As a financial modeler, you would be using Excel on a daily basis. In such a situation your Excel using skills should be very strong. All the recordings and calculations will take place in excel. A weak understanding of Excel will not only hamper your personal growth but can lead to a tremendous loss on part of the company. You can also lose your job, due to the incorrect and amateur usage of Excel.

Forecasting:

As a financial modeler you have to forecast or predict the changes that might occur in the future. This prediction is usually conducted by analyzing the data recorded through modeling. Understanding the current situation and thereby predicting future changes is a critical aspect of finance. Will the company make a profit through a particular investment, how can the government policy lead to a change in the market demand, is it a good time to invest in a particular asset, etc are all part of forecasting. 

Systematic Recording:

One of the major flaws of a financial modeler is following an unsystematic process of recording data. Most of the time, there happens to be a large number of transactions in a company. A proper systematic way of regular data recording is necessary for the efficient functioning of a firm. Without daily recording, there are chances of missing certain transactions or losses or profits. Many a time, the missing record of a particular transaction can lead to a heavy loss incurred by a company.

Problem-Solving:

A finance field is a place that faces different kinds of crises on a regular basis. The problems may arise due to a delay in a particular payment, changes in government policies, heavy losses incurred by a company, etc. In such situations, it is always necessary to know as a financial modeler, how to deal with such problems. Come what may, a financial modeler has to analyze a problem and thereby come up with a proper resolution.

Institutes Offering a Diploma in Financial Modeling

1. IIM SKILLS

IIM SKILLS is one of the leading online educational platforms. The institute was founded in 2015 with a focus on professional courses. The institute’s main focus has been on practical skill-oriented knowledge that would help you to understand the intricacies of an industry and also increase your chances of getting hired. The trainers are experienced professionals who have been in their own area of expertise for more than a decade.

Course: Financial Modeling Course

Duration: 3 to 4 months

Fees: INR 49,900

Mode: Online Mode of Course Deliverance

Syllabus Followed:

Basic and Advanced Excel:

• Introduction and understanding of the Ribbon
• Keyboard shortcuts
• Regular use functions- Vlookup, Index, etc
• Rules of Conditional Formatting
• Data Validation
• Table functions
• Pivot tables, Pivot Charts, and Slicers
• Different types of charts and graphs
• Sensitivity analysis
• Delimit and Flash Fill
• Return functions
• What-If analysis

Accounting Concepts and Financial Statements

• Key Accounting Fundamental concepts
• Concepts of keyline items
• Concept of comprehensive Income
• Relevance of Notes 
• Preparing common size financial statements
• Reading of Annual Report

Ratio/KPI Analysis

• Types of Ratios
• Activity Ratios
• Liquidity Ratios
• Solvency Ratios
• Profitability Ratios
• DuPont formula
• Valuation Ratios
• Basic and diluted EPS
• Financial Summary

Basics of Financial Modeling

• Structure for a financial model
• Creating Scenarios
• Building Revenue
• Preparing different schedules
• Projecting financial statements
• Error tracking skills
• Formatting tips
• Addition of cover page

Types of Financial Models

• LBO Model
• Three-Statement Projection Model
• M&A Model
• Private Equity Return Model
• 13 Week Cash Flow Model

Business Valuation

• Relative Valuation
• DCF Valuation
• NAV Approach
• Football field analysis
• Valuation Output
• Valuation Report
• Pre-money and Post-money valuation

Perks of Doing this Course:

– Guaranteed job interview opportunities are provided to every student

– Before handing over the certificates, a small test is conducted for you. The results of the test will give you confidence regarding how far you have been successful in accumulating the practical skills

– Different methods and viewpoints to analyze a particular situation or scenario are taught to students

– Financial models like the LBO model, 13-week cash flow model, etc would be taught to you so that you can apply them in your workplace

– Practical-oriented training is provided to you by industry experts who are aware of the latest developments in the industry

Email: [email protected]

Phone: +91 9911839503

Other Courses Provided By IIM Skills

– GST Certification Course

– BAT Course

2. The WallStreet School

The institute was established in the year 2009 with the sole purpose of making each individual industry-ready. The courses provided by them are completely shaped by the latest developments and changes that have occurred in the market. The approach is student-centric where the needs and demands of the students are given utmost importance. The conceptual elements of the course are backed and organized practical training.

Course: Financial Modeling Course

Duration: 6 weeks OR 180+hours

Fees: INR 40,000+GST

Mode: Live Virtual Class OR Classroom Sessions OR Self-Paced Online Video

Syllabus Covered:

• Basic to Intermediate Excel
• Advanced Excel and PowerPoint
• Basic Concepts Related to Finance
• Feasibility Studies OR Business Modeling
• Comparable Company Analysis
• Precedent Transaction Analysis
• Discounted Cash Flow Valuation
• Merger Model
• Leveraged Buyout
• Mock Interviews and Resume Edits

Perks of Doing this Course:

– Three different modes of course deliverance is provided to students so that they can enroll in the course according to the mode suitable to them

– The batches are available on weekdays as well as weekends. Based on the timings or days suitable to you, you can choose the batch

– Transparent placement assistance is provided to students where details regarding the company they are giving an interview for as well as previous batch members who got selected in that company would be disclosed to you

– Real case studies and projects would be given for you to analyze and thereby come to proper resolutions

Email: [email protected]

Phone: +91-9953729651 

You may also read Financial Modeling Courses in Mumbai

3. EduPristine

EduPristine in collaboration with BSE Academy provides one of the best financial modeling courses to its students. The certification provided by the institute is recognized worldwide. The institute has taken a highly practical approach to the concepts that are dealt with in financial modeling and the other things related to finance. Being the core course in the field of finance, this is a highly sought-after course where young students who desire to enter the professional world of finance enroll themselves in it.

Course: Financial Modeling Course

Duration: 14 days OR 70 hours

Mode: Classroom Sessions

Syllabus Covered: 

• Understanding and Creating Modeling Template
• Converting Data into Tabular Format
• Conditional Formatting
• Modeling the historical Statement
• Assumptions for Future Action
• Modeling Revenue Buildup
• Tax Modeling, MAT, and MAT credit
• Equity Infusion
• WACC and Cost of Equity Analysis
• Performing Sensitivity Analysis
• M&A
• Merger Motivations
• Hostile vs Friendly Offer
• DCF
• Comparable Companies
• Researching relevant reports
• Dilution Analysis
• Contribution Analysis
• Macros
• VBS Assignments
• Formatting Chart with Macros
• Establishing Designing Parameters
• Forecasting Toll charges and monthly traffic
• Auditing Project details
• Creating Yearly Statements
• REPT function 
• Accenture Case Study
• Modeling Income Statement
• Valuation and Sensitivity Analysis

Perks of Doing this Course:

– You will receive 14 days of extensive classroom sessions where complete and detailed understanding and analytical skills would be provided to you

– The institute provides career services where help and assistance would be provided to you regarding the career paths you can choose, counseling, and placement assistance

– 24/7 access to the LMS would be provided to you for your continued help. The LMS accessibility would be valid for a period of 1-year post-course completion

– Special training would be given to you on Excel workbooks. This training would make you efficient enough to understand and use with ease

Email: [email protected] 

Phone: 1800 200 5835

Also, read about Financial Modeling Courses in Kolkata

4. ProSchool 

ProSchool is an initiative by IMS. This unique course provided by the institute provides you with complete knowledge of finance, accounting, taxes, and other important concepts related to this field. An active learning methodology is used by this institute for the all-around development of the knowledge base of the student. The practical and active approach used for training will help you to showcase these skills at your workplace or during the practical skill-based round in an interview.

Course: Financial Modeling Plus Course

Duration: 3 months

Fees and Mode:

– Classroom Session: INR 40,000

– Live Virtual Classes: INR 32,000

– Distance Learning: INR 20,000

Syllabus Covered: 

•  Problem identification & solving approach
•  Descriptive statistics
•  Excel basics
•  Excel functions & Financial Math
•  Excel visualization
•  Storytelling with data
• Introduction to FSA
• Income statements
•  Balance sheet
•  Cash flow
•  Ratio analysis
• Time value of money and IRR
•  Cost of Capital
•  Sources and used of Capital
•  Introduction to Project Finance
• Build a manufacturing project
• Build a service project
• Overlay a project with tax implications
• Evaluate a project in totality
• Introduction to valuation
• Souring historical data
•  Forecasting costs and revenues
•  Forecasting BS and CFS
•  DCF & Relative valuation

Perks of Doing this Course:

– Once you complete the course you will receive a certificate from the institute whereafter you will be eligible to register and appear for the NSE Academy online examination to receive an NSE certificate

– Core concepts like Excel, Financial Statement Analysis, Financial Math, Project Finance, and Equity Modeling would be explained to you in detail

– Real business and firm-related problems are given to you which you are meant to analyze and solve through Excel

– The institute does not maintain rigid eligibility criteria, so students from different academic backgrounds can also do this course

Email: [email protected]

Phone: +91 7304957452

5. CFI Education

This institute provides a financial modeling and valuation course that helps students to develop a holistic idea about the industry. The educational center is known for one of the best courses available for those who want to enter the field of finance. This type of a course is highly beneficial for you as it would enable you to analyze critical problems and scenarios related to finance. Along with the theoretical knowledge and practical training, the institute and its trainers will help you to build an impressive resume and also develop your soft skills.

Duration: 3 months

Fees: INR 35,000

Mode: Classroom Sessions OR Live Online Classes

Syllabus Covered:

• Basic and Advanced Excel
• Sorting and Filtering
• Mathematical Functions
• Pivot Tables and Pivot Chart Reports
• Excel Macros Introduction
• MS PowerPoint Skills
• Financial Statements and Analysis
• Annual Report
• Ratio Analysis and Reporting
• Modeling for 3 Financial Statements
• Revenue and Cost Modeling
• Dynamic Model
• Equity Modeling and Debt Modeling
• Terminal Value Calculation
• Football Field Analysis and Discussion
• Comparable Companies Analysis
• Key Statistics, Ratios, and Trading Multiples
• Comparable Acquisitions
• Project Finance and Uses of Funds
• Pitchbook and introduction to Company Profile
• Capstone Project
• Softskills Training and CV Building

Perks of Doing this Course:

– Post the classroom sessions, you are asked to complete a capstone project which is nothing but an integrated project that would test all the areas that have been covered during the course

– Proper interview training along with building an impressive LinkedIn Profile will be taught to you

– The course was designed by senior industry experts who have been in this field for a long time and are aware of the changes that might occur hereafter

– 100 hours of extensive classroom sessions are held where students are given the opportunity to interact, engage in quizzes, and various doubt-clearing sessions

Email:[email protected]

Phone: +91-9354266554

Frequently Asked Questions

Q1. What is the scope of doing a diploma in financial modeling?

In this new era of tremendous competition, a professional course can benefit any person. Being a skill-oriented course, a financial modeling course would not only give you the theories and concepts used in this field but will also make you use them through the practical assignments. The daily assignments and classwork along with the final test will make you a pro in financial modeling.

As an employee, your practical skills would be highly rewarded. Instead of teaching you everything from scratch, you would already be in possession of a lot of skills required in the market. Thus, any recruiter would choose you over other amateur candidates. The certificate received upon completion of this course will add glory to your CV. Also, you will now be considered a certified financial modeler. So, if you wish to see growth in your job, then this course has all the benefits.

Q2. Can I do this course while doing a full-time job?

Yes, why not. Seeing the current scenario, most institutes have the option of classroom-oriented sessions along with online classes. When you are doing a full-time job, appearing for a classroom session might be very difficult. In such a situation, you can definitely opt for an online course. Many of the institutes also offer the option of weekend classes. So if you are someone who is doing a full-time job but is also interested in a face-to-face classroom session, then you can choose the weekend classes.

Q3. How will my practical skills be tested in a diploma in financial modeling course?

While both theoretical, as well as practical training, are imparted to you, the institute makes sure to not only impart skills but also test the skills that have been understood by you. To test this, regular assignments are given to you. These assignments are 100% practical-based where you have to use the skills taught to you. Based on the progress in your assignments, your skills are tested every week. Finally, you have to appear for a test to receive the certificate. This test is also skill-based. Thus there are several ways used by each institute to test your skills.

Conclusion

While some may always have over-confidence about their skills, it is always good to have an attitude to learn new things. If you are someone who believes in life-long learning, then it is highly recommended that you do this course. 

Trust me, you are not going to regret this decision. Once you complete a diploma in financial modeling, some of the best opportunities will come your way.