If you are interested in the finance industry or trying to keep updated about the latest developments in the finance world, you may have wondered why financial modeling courses are trending nowadays and where you may find the best financial modeling learning centre suitable to you. This comprehensive article presents the concepts of financial modeling and a list of financial modeling institutes. If you are a Canadian student or a professional seeking to upgrade in the field of financial modeling, stay with us a little bit more. Here we have listed the top 10 financial modeling courses in Canada and the reasons why they might be beneficial for you.
What is Financial Modeling?
Financial modeling is a crucial, data-driven approach that provides a view of a company’s economic situation by analyzing its past financial records and helps the organizational leaders foresee how the business is expected to perform subsequently.
Financial models are structured by gathering information from the core accounting statements like balance sheets, income sheets and cash flow statements combined with future forecasting of sales, expenses and investments.
The business executives, thereby, get the opportunity to implement or alter their decisions about investments, budgeting and projects. To summarize, an accurate financial model provides a picture of a company’s current financial standing along with a forecast of its future and helps executives make financially sound decisions, thereby, increasing profitability and growth.
What is a Financial Model Used for?
A financial model is used to make decisions on:
- Raising capital
- Making acquisitions
- Growing the business organically
- Selling or divesting assets and business units
- Budgeting and forecasting
- Capital allocation
- Valuing a business
- Financial statement analysis/ratio analysis
- Management Accounting
- Risk management
What Should a Financial Model Include?
An effective financial model should include:
- An income statement
- A balance sheet
- A cash flow statement
- Supporting schedules
- Valuations
- Sensitivity analysis
- Charts, and graphs.
Benefits of Financial Modeling Courses in Canada
| Benefits | Provided by the Courses | Description |
| Diverse Career Options | ✅ | Investment Banking, Equity Research Analyst, Credit Analyst, Financial Analyst, Financial Planning and Analysis, Corporate Finance, Project Finance, Consultancy Firms, Real Estate, Financial Consultants |
| Better Salary Packages | ✅ | $61,073 per year. |
| Up-to-date Knowledge | ✅ | Financial Forecasting, Valuation, Decision-Making, Budgeting, Capital Allocation, Financial Statement Allocating |
| Practical Skills | ✅ | Work on Live Projects, Case Studies and Advanced Tools |
| Cost-Effective Learning | ✅ | Budget-friendly, Exclusive High-Quality Learning |
| Artificial Intelligence | ✅ | Master the AI tools to incorporate them into your finance career |
| In-House Internships | ✅ | Gain Hands-On Experiences and Upgrade Portfolio With The Institute’s In-House Internship Team |
| Certification and Credibility | ✅ | Gain industry-recognized and internationally accepted certifications |
| Placement Opportunities | ✅ | Access to placement opportunities through the Dedicated Placement Teams |
Skills Required to be a Financial Modeler
| Skills | |
| Accounting | ✅ |
| Forecasting | ✅ |
| Presentation | ✅ |
| Excel | ✅ |
| Spreadsheet Management | ✅ |
| Auditing | ✅ |
| Data Analysis | ✅ |
| Valuation | ✅ |
| Financial Analysis | ✅ |
| Strategy | ✅ |
| Risk Management | ✅ |
| Detect Potential Risks | ✅ |
| Financial Reporting | ✅ |
Top 10 Financial Modeling Courses in Canada
| Institutes | AI Integrated Curriculum | Mode | Module Specific Trainers | Mock Interview |
| IIM SKILLS | ✅ | Online | ✅ | ✅ |
| Financial Modeling Institute | ❌ | Online | ✅ | ❌ |
| Corporate Finance Institute | ❌ | Online | ✅ | ✅ |
| Pivotal 180 | ❌ | Offline & Online | ✅ | ❌ |
| Chartered Institute of Professional Certifications | ✅ | Online & Offline | ✅ | ❌ |
| EY Virtual Academy | ✅ | Online | ❌ | ❌ |
| Udemy | ✅ | Online | ✅ | ❌ |
| Training The Street | ❌ | Online & Offline | ✅ | ✅ |
| Career Bulls | ❌ | Online & Offline | ✅ | ✅ |
| Forvis Mazars | ❌ | Online | ✅ | ✅ |
1. IIM SKILLS
IIM SKILLS is a global provider of online digital education programs that includes skill development lessons for fresh graduates, beginners, students, professionals, business owners and even homemakers and college dropouts who want to advance or restart their careers by pursuing job-oriented courses with internationally recognized certificates.
Aspirant financial modelers can enroll themselves in one of the best financial modeling courses in Canada provided by IIM SKILLS which consists of four months of live online classes followed by a guaranteed internship.
IIM SKILLS Financial Modeling Master Course
| Courses | Duration | Fees |
| Self-Paced Program | 4 Months | 582.89 CAD |
| Job Assist Program | 4 Months
| 972.77 CAD |
| Job Guarantee Program | 4 Months
| 2922.22 CAD |
IIM SKILLS Financial Modeling Master Course Alumni
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Highlights of the Financial Modeling Master Course
- Internationally accredited
- Guaranteed internship
- 4 Capstone projects
- Tools covered – Excel, PowerBI, Python and GenAI
- Certifications from IIM SKILLS and Capstone Projects
- Money back guarantee
The comprehensive course also assists learners in developing soft skills such as critical and analytical thinking, problem-solving abilities, communication, and presentation abilities, which further makes IIM SKILLS unique among most other financial modeling institutes in Canada.
IIM SKILLS Financial Modeling Master Course Curriculum
| Module 1 – Basic and Advanced Excel (8-10 hours)
Module 2 – Accounting Concepts and Financial Statements (5-7 hours) | Module 3 – Ratio/KPI Analysis (4-6 hours)
Module 4 – Basics of Financial Modeling (4 hours) |
| Module 5 – Different Types of Financial Models (12-15 hours) | • LBO Model
• M&A Model • Private Equity Return Model • 13 Week Cash Flow Model |
| Module 6 – Business Valuation (7-9 hours) | • Relative Valuation – Trading and Transaction Comps
• DCF Valuation • NAV Approach for Valuation |
Benefits
| Dynamic and engaging sessions | ✅ |
| Industry-relevant course curriculum | ✅ |
| Tool-driven training | ✅ |
| Flexible batches | ✅ |
| Experienced mentors | ✅ |
| Working on live Projects with experts | ✅ |
| Master certification | ✅ |
| User-friendly LMS | ✅ |
| Resume & interview preparation | ✅ |
Contact Information:
Phone Number: +91- 9580740740
Email Id: info@iimskills.com
Website: www.iimskills.com
Explore the best Financial Modeling Courses in Toronto for your career enhancement!
2. Financial Modeling Institute (FMI)
Financial Modeling Institute (FMI) is an educational academy that promotes financial modeling courses of outstanding quality through an internationally accredited curriculum that is well-aligned with the previous knowledge and skill sets of beginners as well as professional financial modelers.
The Financial Modeling Certification course begins from the introductory classes and gradually progresses towards the advanced master level through the guidance of well-seasoned mentors assisting Canadian students in shaping their financial modeling future, thereby, making FMI one of the top financial modeling courses in Canada.
Financial Modeling Institute’s Programs & Accreditations
- FMI Foundations in Financial Modeling
- Level 1: Advanced Financial Modeler (AFM)
- Level 2: Chartered Financial Modeler (CFM)
- Level 3: Master Financial Modeler (MFM)
Students also gain access to learning resources on:
- Best practices of financial modeling
- Optimal model design
- Financial statements
- Advanced technical skills
FMI has become one of the most popular financial modeling institutes in Canada since it provides an excellent opportunity to advance the career by developing technical as well as soft skills and provides access to join a global network of financial modelers outside Canada.
| Course | Duration | Fees |
| Foundations in Financial Modeling | 15 hours | $270.30 |
Benefits
| Learning Resources | ✅ |
| Study groups | ✅ |
| Question Forums | ✅ |
| Skill Assessment | ✅ |
| Exclusive Events and Webinars | ✅ |
| Networking Opportunities | ✅ |
Find out the best Financial Modeling Courses in Dublin for your career enhancement.
3. Corporate Finance Institute
Established in 2016, Corporate Finance Institute (CFI), a Toronto-based ed-tech space, has been a certified skill enhancement platform for finance professionals worldwide and is considered one of the top-tier financial modeling institutes in Canada.
The Financial Modeling & Valuation Analyst Certification equips job seekers and professionals with the necessary know-how of financial modeling tools and ensures their mastery in modeling, budgeting, forecasting and overall competency in finance-related fields.
This self-paced comprehensive program trains learners to develop financial analysis skills to construct effective financial models for making informed business decisions.
What makes this course stand apart from other financial modeling courses in Canada is that the practical curriculum and their real-world applications prepare individuals for high-earning financial professional roles in:
- Investment banking
- Private Equity
- Financial Planning and Analysis
- Business valuation
- Corporate finance.
Learning Objectives
| Financial Modeling (25%) | ✅ |
| Finance (25%) | ✅ |
| Excel (17%) | ✅ |
| Valuation (10%) | ✅ |
| Budgeting & Forecasting (8%) | ✅ |
| Presentation & Visuals (8%) | ✅ |
| Accounting (5%) | ✅ |
| Strategy (4%) | ✅ |
Skills Covered:
- Financial Statement Analysis
- Accounting
- Budgeting
- Forecasting
- Excel
- PowerPoint
Highlights of the Course:
- 54 total courses (16 required)
- 200+ interactive exercises
- 6 certifications & 11 specializations
- Blockchain certificate
| Course | Duration | Fees |
| Financial Modeling & Valuation Analyst (FMVA) Certification | Self-Paced, Ideally 4-6 Months | $413.19 |
Benefits
| Expert-led training | ✅ |
| Practical Skill Development | ✅ |
| Interactive Lessons | ✅ |
| Learning Tools and Resources | ✅ |
Here’s a guide to the top Financial Modeling Courses in Sydney with Placement Assistance.
4. Pivotal180
The financial modeling courses in Canada by Pivotal180 are led by senior practitioners with real market experience and assist candidates in developing a high-quality financial model and promoting it for various projects and financial deals.
Pivotal180 training not only teaches learners how to code models but can significantly improve their modeling skills by focusing on key insights important to the transaction. The modules also cover how the numbers align with:
- Financial and engineering concepts
- Transaction structures
- Legal documentation
- Market conditions
- Risk management approaches
Pivotal 180 is viewed as one of the prominent financial modeling institutes in Canada since the training provided not only includes just the coding part but also the contract structures, risks, forecasting financial situations and ways to analyze deals.
| Courses | Duration | Fees |
| Battery Storage & Financial Modeling Online | Self-Paced | $692.57 |
| Project Finance & Infrastructure Modeling Online | Self-Paced | $1246.72 |
| Renewable Energy Project Finance Modeling Online | Self-Paced | $1246.72 |
| Tax Equity and Hybrid Modeling Online | Self-Paced | $1246.72 |
Benefits
| Scheduled Live Training Sessions | ✅ |
| Blended Learning Approach | ✅ |
| Innovative Training Methodologies | ✅ |
| Online Training Material | ✅ |
| Customized Modules | ✅ |
| Advisory & Consulting Services | ✅ |
| Free Online Resources | ✅ |
Have a look at these industry-specific Financial Modeling Courses in Singapore and master the in-demand skills, tools, and techniques.
5. Chartered Institute of Professional Certifications
Founded in 2009, the Chartered Institute of Professional Certifications has 390+ accredited chartered programs which are delivered through live training programs and global conferences around the world including Canada.
The list of financial modeling courses in Canada:
- Chartered M&A Financial Modeling Analyst (Live Executive Programs)
- Chartered Financial Modeling Professional (Live Executive Programs)
- Chartered Financial Modeling Professional (Global Finance & Accounting)
These highly interactive financial modeling training classes are tailored to endow business executives with a strong, in-depth knowledge of constructing, designing and developing effective models and tracking the best possible financial forecasts to evaluate any major financial decision for their organizations.
Collaborations with Instructors from:
- Harvard University
- Wharton University of Pennsylvania
- Stanford University
- MIT Management Sloan School
- London Business School
- Columbia Business School
- University of Michigan
Why is this platform one of the most recognised financial modeling institutes in Canada?
This is because apart from financial modeling, participants will also improve in:
- Financial data analysis
- Evaluate financial statements
- Financial returns
- Implement financial reporting
- Improve financial risk management
- Conduct risk sensitivity analysis
| Courses | Duration | Fees |
| Chartered M&A Financial Modeling Analyst (Live Executive Programs) | 3 days | $2687.46 – $2990.04 |
| Chartered Financial Modeling Professional (Live Executive Programs) | 3 days | $2395 – $2695 |
| Chartered Financial Modeling Professional (Global Finance & Accounting) | 12 Hours | $327.75 |
Benefits
| Highly Interactive | ✅ |
| Dedicated Assistant Team | ✅ |
| Lifetime access to E-Learning Content | ✅ |
| Customized Training | ✅ |
Find out the best Financial Modeling Courses in Melbourne for your career enhancement.
6. EY Virtual Academy
Ernst and Young (EY) offers a certificate course on financial modeling through e-learning methods across various countries including Canada and is regarded as one of the premium financial modeling institutes in Canada.
Through the Certificate in Financial Modelling and Valuation course by EY the learners will grasp the methods of creating accurate yet flexible financial models that can examine and scrutinize historical trends, predict upcoming estimations and present financial statements, effectively and logically.
The course also includes:
- The basics of business valuation
- Various valuation methods
- Interpretation of the results of valuation
Candidates will gain insight and apply the newly acquired skills with the help of real-world examples, case studies and hands-on projects which will cover all the modules in the curriculum.
What makes the course one of the most reliable financial modeling courses in Canada is that on completion of the program, the candidates will be equipped to build well-structured and dynamic financial models to help them perform financial valuation and make well-informed business decisions independently.
| Course | Duration | Fees |
| Certificate in Financial Modelling and Valuation | 36+ Hours | $346.39 |
Benefits
| Handpicked Topics | ✅ |
| High Value, Insight-Driven Content | ✅ |
| Comprehensive Coverage | ✅ |
| Well-Structured Curriculum | ✅ |
| Hands-on Experience with Case Studies | ✅ |
| Assessments and Quizzes | ✅ |
| Query Management through 24/7 Email Query Support | ✅ |
Here’s a guide to the top Financial Modeling Courses in Malaysia with Placement Assistance.
7. Udemy
Through the platform Udemy individuals worldwide can learn new professional skills, executives can train their teams and mentors can impart their knowledge to various countries including Canada.
Among many financial modeling courses in Canada, the ones provided by Udemy are of premium quality.
Udemy brings its exclusive program, Canadian Corporate Finance and Financial Modelling, for Canadian aspirants who are pursuing a Corporate Finance course in a Canadian college or university.
Students will be taught the basics of corporate finance, taxation, capital budgeting and financial modeling with examples and case studies from Canadian companies.
The course consists of 2 sections:
- Canadian Corporate Finance / Finance for Managers
- Financial Modeling
Course Highlights:
- 1 article
- Access on mobile and television
- Full-time access
- 30-day money-back guarantee
By helping candidates develop the skill sets needed to effectively construct financial models and manage a firm’s short-term and long-term debt and equity financing in the Canadian market, Udemy has rightly paved its path to be one of the most effective financial modeling institutes in Canada.
| Course | Duration | Fees |
| Canadian Corporate Finance and Financial Modelling | 19 Hours | $44.47 |
Benefits
| Learning By Doing Methods | ✅ |
| Customizable Contents | ✅ |
| Goal-Focussed Recommendations | ✅ |
| AI Powered Coding Exercises | ✅ |
| Dedicated Customer Success Team | ✅ |
| Access to 10k+ Top Courses | ✅ |
Here is an extensive guide to the top-ranked Financial Modeling Courses in Australia. Read and explore in-depth.
8. Training the Street
Training The Street’s 2-day Fast Track: Financial Model intensive academic modules led by their experienced team of former practitioners teach participants to structure and create their interactive financial model from scratch which incorporates accounting, finance and Excel skills.
Through a blend of guided lectures and micro exercises, learners also gain insights into troubleshooting the model, utilizing the finished product and advanced sensitivity analysis.
The modeling curriculum also provides the opportunity for real-world, practical applications of the standards and methods that a professional requires to ensure high retention levels and interactions among learners. Hence, Training the Street presents one of the most noteworthy financial modeling courses in Canada.
By providing some of the most exclusive and innovative Excel-based learning tools, instant feedback, the opportunity to receive as many “reps” as one needs to be job-ready and one-year online access to course materials for additional guidance, Training the Street can be called one of the most intensive financial modeling institutes in Canada.
| Course | Duration | Fees |
| Fast Track: Financial Modeling | 2 days | $3,188.29 – $3465.54 |
Benefits
| Advanced Topics | ✅ |
| Industry-Leading Curriculum | ✅ |
| Latest Learning Technologies | ✅ |
| Blend of Learning Methods | ✅ |
| Various Delivery Modes | ✅ |
| Flexible and Customizable Schedules and Curriculum | ✅ |
| Online Learning Resources | ✅ |
| Proven Track Records | ✅ |
| Diversity, Equity & Inclusion | ✅ |
Your search for the best Financial Modeling Courses in Dubai ends here. Do check them out.
9. Career Bulls
Career Bulls is yet another education space that was established with the mission of bridging the gap between actual job requirements and the level of skills aspirants possess.
Financial Modelling & Valuation Course with Canadian certification is a joint venture of Career Bulls and Financial Modeling Institute (Canada) and has made its way to the list of top 10 financial modeling courses in Canada.
The interactive sessions are delivered by real-time investment bankers and are a must for aspiring as well as professionals for a successful career in finance.
Modes of Study:
Classroom Interaction
| Real-Time Faculty Interaction | ✅ |
| Physical Study Materials | ✅ |
| Class Assignments | ✅ |
| Interview Preparation | ✅ |
| 24*7 Doubt Clearing Support | ✅ |
Live Interactive Online
| Class Recordings | ✅ |
| Detailed Study Materials | ✅ |
| Weekend Assignments | ✅ |
| CV Building | ✅ |
| Soft Skill Training | ✅ |
| Free Backup Classes | ✅ |
Self Study
| Class Recordings | ✅ |
| Detailed Study Materials | ✅ |
| Better Quality material | ✅ |
| CV Building | ✅ |
| Unlimited Viewing | ✅ |
| 24*7 Doubt Clearing Support | ✅ |
| Course | Modes | Duration | Fees |
| Financial Modelling & Valuation Course | Classroom
Training | 80 hours | $660.01 |
| Live Interactive Online | 80 Hours | $495.04 | |
| Self Study | 70+ Hours | $297.02 |
Benefits
| Interactive Classes | ✅ |
| Small batch Size | ✅ |
| CV & LinkedIn Profile Building | ✅ |
| 1:1 Counseling | ✅ |
| Soft Skill Training | ✅ |
Eager to know about the extensive Financial Modeling Courses in Hong Kong with placement support? Here is a guide.
10. Forvis Mazars
Forvis Mazars Financial Modeling programs promote the implementation of best practices to make it appealing to project sponsors, bankers, advisors and any individual in the finance field.
These financial modeling courses in Canada will improve the ability of learners to plan, create and analyse highly efficient financial models at all organizational levels.
What makes Forvis Mazars different from all other financial modeling institutes in Canada?
The curriculum will offer candidates the modeling tools needed to structure transparent and methodical cash flow-based financial models with an improvement in Excel efficiency.
Throughout the course, students receive personal coaching and individual mentoring from expert trainers to build their project finance models from scratch using Forvis Mazars’ internationally recognized modeling methodology.
This structured approach and modeling principles, thus gained by the aspirants, will be applicable across a wide range of industries including Infrastructure, Mining, Oil & Gas, Power, Renewable Energy, Utilities and Real Estate among others.
| Course | Duration | Fees |
| Forvis Mazars Financial Modeling | Not Available | Not Available |
Benefits
| Personalized Learning Experience | ✅ |
| Small Group of Participants | ✅ |
| Individual Coaching | ✅ |
| Workshops | ✅ |
| Open Forum for Discussions | ✅ |
| Online Resources – Tutorials & Webinars | ✅ |
Have a look at these industry-specific Financial Modeling Courses in London and master the in-demand skills, tools, and techniques.
Frequently Asked Questions
1. Is taking a financial modeling course worth it in the Canadian finance market?
A: Financial modeling courses in Canada have been proven to be very useful for aspiring successful financial modelers. In this fast-paced, dynamic and highly competitive job-market scenario you need to be aware of the latest relevant skills that are used in the workplace.
The traditional classroom degrees focus more on the theoretical part with very little or no practical skills which is why the importance of these professional programs has seen a sharp rise. The certifications provided after the course completion give you an edge before the interviewer and the potential company you desire to enter.
2. Who should enrol in financial modeling courses?
Financial Modeling Courses in Canada are meant for individuals who want to get into the finance industry or a professional at any stage in their finance careers. Hence, the training is ideal if you are:
- Fresh Graduate – Graduates in finance or related disciplines
- MBA/CFA/FRM – Pursuing or have a degree in MBA, CFA or FRM
- CA/CS – A chartered accountant or chartered secretary
- Finance Professionals – A finance professional at any career juncture in the sector.
- Start-up Owner – A start-up owner or business head.
3. What are the duties of a financial modeler?
Some of the most important duties include:
- Regular updation of financial models
- Valuing a business
- Forecasting
- Accounting
- Sensitivity Analysis
- Resource allocation
- Financial statement analysis
- Ratio analysis
- Identifying financial and non-financial risks
4. Is financial modeling difficult to learn?
Financial modeling may be deemed as a challenging subject for many to grasp but it can be managed by having proper theoretical knowledge and implementing the same through practical scenarios. Structuring financial models involves complex formulas and hidden assumptions which require technical and strong mathematical skills as well as soft skills like critical thinking, problem-solving, decision-making, analytical skills etc. Therefore, it is advisable to enrol yourself in such a course which not only provides training in developing the obvious technical skills but also the required behavioural skills.
5. Can I work outside Canada with the certificate?
A: Most of the financial courses in Canada provide you with authentic internationally accredited and globally recognized certifications. As long as you have a work visa and all other essential papers and documentation, you are good to go.
Conclusion
By now you must have understood how important forecasting, strategic planning, budgeting, cash flow and risk management are for a business to grow. This explains the need for financial modeling skills to prosper in present-day financial careers. Financial modeling is certainly not an easy task to master, but with the right mindset, determination, and proper guidance through financial modeling tutorials you will surely be able to navigate through all the challenges towards success. We hope this article will be able to guide you in choosing the most suitable financial modeling course for yourself.
