Financial modeling is a powerful technique that can be utilized to make informed decisions about complex financial situations in an industry. There are a variety of techniques that can be used to forecast a company’s financial performance through financial models. However, it is important to remember that the models are only as good as the assumptions that it is based on. If you are a Columbian looking to improve your financial modeling skills, you have come to the right place. In this article, we will be discussing financial modeling and the top 10 financial modeling courses in Columbia. So, Let’s get started.
What is Financial Modeling?
Financial modeling is the process of creating a representation of a real-world financial system of a company and generating predictions about its future performance by using historical data, regression analysis, and Monte Carlo simulations.
The model assists in making decisions about how the system should be structured, what policies should be implemented, what resources are required, how the company would perform and what the consequences will be.
A financial model is a numerical illustration to present the financial performance of an organisation. The model is based on a set of assumptions, such as how it will be used, what resources are available, and how the economic market will be.
Financial modeling is a critical tool that is also required to make sound investment and stock market decisions. By understanding the different tools and techniques of modeling, investors can better assess a company’s financial health and make more informed decisions.
Benefits of Financial Modeling Courses
| Benefits | Provided by the Courses | Description |
| Diverse Career Options | ✅ | Investment Banker, Accounting, Equity Research, Financial Planning and Analysis, Corporate Finance, Credit Consultant, Financial Analyst, Project Finance, Real Estate, Consultancy Firms, Venture Capital, Stock Trading |
| Better Salary Packages | ✅ | 2.5 Million COP (Entry-Level) to 6-12 Million COP (Experienced) Per Month |
| Up-to-date Knowledge | ✅ | Financial Modeling, Financial Forecasting, Sensitivity Analysis, Decision-Making, Budgeting, Valuation, Capital Allocation, Investment, Risk Management |
| Practical Skills | ✅ | Improve Practical Skills through Experiential Learning by Working on Live Projects and Case Studies |
| Cost-Effective Learning | ✅ | Budget-friendly Learning with Flexible Payment Options |
| Artificial Intelligence | ✅ | The AL Tools are a Great Addition to Improve Your Financial Skills |
| In-House Internships | ✅ | Opportunity to Work with Top Companies Around The World through the Institute’s In-House Team |
| Certification and Credibility | ✅ | Gain Industry-Recognized and Internationally Accepted Certifications |
| Placement Opportunities | ✅ | Dedicated Placement Team Assists in Your Job Placements |
Top 10 Financial Modeling Courses in Columbia
| Institutes | AI Integrated Curriculum | Mode | Module Specific Trainers | Mock Interview |
| IIM SKILLS | ✅ | Online | ✅ | ✅ |
| Columbia Business School | ❌ | Online | ✅ | ❌ |
| Wall Street Prep | ❌ | Online | ✅ | ❌ |
| The Institute for Finance Education and Career Achievement | ❌ | Offline | ✅ | ✅ |
| Adventis | ❌ | Online | ✅ | ✅ |
| Pivotal 180 | ❌ | Online & Offline | ✅ | ❌ |
| EdX | ✅ | Online | ❌ | ✅ |
| Financial Modeling Institute | ❌ | Online | ✅ | ❌ |
| Imarticus Learning | ✅ | Online | ✅ | ❌ |
| Corporate Finance Institute | ❌ | Online | ✅ | ✅ |
1. IIM SKILLS
Want to learn a specific professional skill online? IIM SKILLS is there to guide you to achieve outstanding expertise for the same. IIM SKILLS imparts special practical skills and techniques through active learning methods in different domains such as marketing, writing, finance, taxation, and others.
IIM SKILLS is one of the best financial modeling institutes in Columbia. Their well-qualified mentors provide a blend of theoretical knowledge and experiential learning in a perfectly balanced way.
The unique and well-designed financial modeling courses in Columbia are perfectly aligned with current in-demand industrial practices.
The curriculum consists of 7 comprehensive modules:
- The first module enables learners to understand Microsoft Excel, from basics to intermediate and finally to advanced levels.
- The second module discusses the relevance of accounting and financial statements.
- The third module is about ratios like Activity Ratios, Liquidity Ratios, Solvency Ratios, Profitability Ratios, DuPont formula and Valuation Ratios and then moves to the topic of KPI analysis.
- The fourth and fifth modules deal with the Basics of financial modeling and the different types of models.
- Finally, the last two modules discuss various valuation methods used for financial modeling.
IIM SKILLS Course and 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 |
IIM SKILLS Financial Modeling Master Course
| Courses | Duration | Fees |
| Self-Paced Program | 4 Months | $670.36 |
| Job Assist Program | 4 Months | $1,118.76 |
| Job Guarantee Program | 4 Months | $3,360.76 |
Benefits
| Live super-interactive sessions | ✅ |
| A practical learning experience | ✅ |
| Flexibility in choosing batches and schedules | ✅ |
| Exceptional faculty as mentors | ✅ |
| Job interview and placement assistance | ✅ |
IIM SKILLS ALUMNI
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Contact Information:
Phone: +91 9580740740
Email: info@iimskills.com
Website: iimskills.com
Here is an extensive guide to the top-ranked Financial Modeling Courses in Australia. Read and explore in-depth.
2. Columbia Business School
Financial modeling courses in Columbia by Columbia Business School:
- Corporate Transactions and Financial Modelling
- Corporate Valuation and Financial Modeling
The ‘Corporate Transactions and Financial Modelling’ helps students to understand financial modeling, business analysis, business valuation and other finance-related domains of a company.
The models investigate the impact of different financial deals, accounting choices, future assumptions and overall economic decisions on firm value, liquidity, profitability, returns, and other financial statement ratios.
On completing the course, trainees should be able to
- Explore accounting and taxation and different types of transactions.
- Develop analysis skills in advanced valuation and financial statements
- Prepare Excel models step-by-step.
Throughout the course, original databases are used that are commonly dealt with by practitioners, thereby placing special emphasis on real-world applications.
The main goal of the program is to equip job seekers with advanced financial modeling techniques and transaction skills that will facilitate their success in a role in investment banking, Price-to-Earnings, consulting, capital allocation, corporate management or entrepreneurship.
The ‘Corporate Valuation and Financial Modeling’ covers a wide range of valuation methodologies used in the industry.
The topics of the modules include:
- Financial statement modeling.
- The cost of capital for the FCF (free cash flow)
- Choice of capital structure
- The relative approach to firm valuation
- Other approaches like the APV method, the LBO model etc.
| Courses | Duration | Fees |
| Corporate Transactions and Financial Modelling | 3 months | Not Available |
| Corporate Valuation and Financial Modeling | 5 Days | Not Available |
Benefits
| A wide range of degree programs | |
| Excellent faculty & faculty resources | |
| Executive Education | |
| Career management | |
| Lifetime network | |
| Tuition & financial aid |
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3. Wall Street Prep
The financial modeling courses in Columbia by Wall Street Prep include:
- Financial Statement Modeling (Basic Package)
- Financial & Valuation Modeling Certification Program (Premium Package)
Financial Statement Modeling
In the basic package, trainees will design a 3-Statement model from scratch using step-by-step instructions taking into account the historical data and future predictions of economic scenarios.
After the course, candidates will develop a comprehensive 3-statement model using various supporting schedules and also grasp the core concepts that lay the foundation for other important modeling techniques included in the premium package.
Financial & Valuation Modeling Certification Program
The premium package has been designed for those pursuing careers in investment banking, private equity, corporate finance and equity research.
Candidates will follow the instructors to build financial models in Excel from scratch using real case studies, current methodologies and best practices used in the top financial institutions and business schools.
Therefore, through both programs, students will learn about various types of financial modeling, building buyers lists for target companies, and basic to advanced Excel, accounting, and PowerPoint. Hence, Wall Street Prep can rightly claim to be one of the notable financial modeling institutes in Columbia.
| Courses | Duration | Fees |
| Financial Statement Modeling | 10 Hours 29 Minutes | 10,205.87 COP |
| Financial & Valuation Modeling Certification Program | 45 Hours 59 Minutes | 25,591.60 COP |
Benefits
| An intuitive, self-paced and comprehensive program | |
| Real-world ‘on the Job’ training | |
| Unlimited access to the Online Support Center | |
| Private online tutoring (Additional Fee Applies) |
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4. The Institute for Finance Education and Career Advancement
The ‘Introduction to Financial Modeling’ program by The Institute for Finance is designed to be a practical introduction to financial modeling where learners gain the fundamental skills of financial modeling for investment banking and related areas of finance. It is one of the popular financial modeling courses in Columbia.
The course deals with three types of financial models:
- Integrated cash flow modeling
- Leveraged buyout (LBO) modeling
- Accretion/dilution (M&A) modeling.
This 2-days course is held on the campus of Columbia Business School for six hours per day each on two consecutive Sundays and is designed for current EMBA and MBA students of Columbia Business School.
The class is for students who are seeking careers in finance, including:
- Investment banking
- Private Equity
- Hedge funds
- Equity research (buy-side and sell-side)
- Asset management
- Corporate development
| Courses | Duration | Fees |
| Financial Modeling Course | 2 Days | 17,09,423.90 COP |
Why is The Institute for Finance Education and Career Advancement one of the most recognized financial modeling institutes in Columbia? Let’s have a look at the benefits.
Benefits
| Experienced, knowledgeable and friendly instructors | |
| Small, interactive classes | |
| Premium quality learning resources | |
| Excel worksheets, presentation materials and homework | |
| Focus on practical knowledge, not only theory | |
| Life-long participation in the alumni network | |
| Enhancing the resume or CV with demonstrable skills | |
| Making learners stand out in job interviews | |
| Differentiating students from their peers | |
| Significant emphasis on career advancement |
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5. Adventis
Adventis is the exclusive partner of the Columbia Financial Investment Group (CFIG), the largest undergraduate finance club of Columbia University. Adventis is the knowledge provider in financial modeling and other finance-related technical skills.
Financial Modeling Certification Program has assisted 10k+ professionals master the technicalities used in the financial sector and stay up-to-date with the requirements of the industry, thereby proving itself to be one of the significant financial modeling courses in Columbia.
Learning Objectives
Students will gain knowledge in:
- Excel formatting techniques and Keystroke efficiency
- Three Statement Model
- Public Comparables Analysis
- Precedent Comparables Analysis
- Discounted Cash Flow Analysis
- Leveraged Buyout Analysis
How to Get Started?
- Introduction & Set-Up
Individuals who have enrolled are introduced to the program and get their macros set up.
- Three-Statement Modeling
They learn to create the three financial statements from scratch and link them together
- Level I Exam
Learners can continue to practice building the model until they are ready for the exam. Enrollment provides them with unlimited exams in case of failure the first time.
- Valuation and LBO Modeling
Candidates also grasp the concept of analysis and supporting schedules of financial valuation and LBO analysis
- Level II Exam
They get to review the principles learned and take the Level II exam whenever they are ready.
| Courses | Duration | Fees |
| Financial Modeling Certification Program | 15 – 20 Hours | 22,46,053.18 COP (Professionals)
13,80,522.09 COP (Students) |
Benefits
| Access to resources for two years | |
| Personalized feedback | |
| Technical interview preparation | |
| Stand out in applications |
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6. Pivotal180
Pivotal180 is yet another global upskilling platform that is also one of the well-known financial modeling institutes in Columbia.
Pivotal180 offers:
- Live-streaming programs
- Public sessions
- Online self-paced training
- In-house workshops
- Advisory & consulting assistance
- Financial model audit services
By coaching individuals or teams in navigating complex financial transactions and helping in developing real-world skills, with an emphasis on financial modeling and analysis, Pivotal180 has paved its way to the top 10 financial modeling institutes in Columbia.
Benefits
| Trainers of the highest caliber | |
| Simplification of complex concepts | |
| Customized training solutions | |
| Innovative approach to teaching | |
| Various delivery modes | |
| Instructions on diverse topics | |
| 12 months of access to online courses |
Have a look at these industry-specific Financial Modeling Courses in London and master the in-demand skills, tools, and techniques.
7. EdX
EdX is the online training space by a world-leading digital literacy provider. EdX is a collaborative initiative of Harvard and MIT to make quality education available to everyone and offers life-transforming academic experiences to its global audience.
MITx: Financial Accounting self-paced course provides knowledge on assets, the principles of financial accounting, analysis and forms of financial statements, liabilities & stockholders’ equity, and designing financial models and is one of the most eminent financial modeling institutes in Columbia.
The Modules Cover:
- The basic structure of financial reports
- The process of recording transactions.
- Analyze financial statements to assess corporate performance.
- Valuation models and corporate finance decisions.
Associated Skills Students will Gain:
- Valuation models
- Financial analysis
- Business performance management
- Financial Accounting
- Financial services
- Financial statements
- Chartered financial analyst
- Corporate finance
- Understand accounting terms
- Prepare financial statements
- Ability to read financial statements
Highlights of the Course
Institution: MITx
Subject: Economics & Finance
Level: Advanced
Prerequisites:
- Probability and Statistics (undergraduate)
- Calculus (undergraduate)
- Linear algebra (undergraduate)
| Courses | Duration | Fees |
| MITx: Financial Accounting (Free & Paid) | 12 Weeks | 23,75,762.36 COP (Paid) |
Benefits
| Flexible, self-paced program curricula. | |
| World-class university faculty and industry leaders. | |
| Upskill with various modes of delivery options | |
| Valuable credentials from recognized universities and industries | |
| Edx partners with world-class institutions and universities |
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8. Financial Modeling Institute
The Financial Modeling Institute (FMI) was established by former bankers of high calibre with a mission to differentiate between expert financial modelers from those who have yet to gain specific modeling skills.
Consequently, examinations were developed through research to test an individual’s ability to plan, design and present accurate financial models and draw insight from the same.
The exams are practical and simulate complex situations of real-world industries. By focusing on ‘learning-by-doing’ methods and assessments at every level, FMI endorses awareness and discipline in the approach of financial modeling, making its place among the leading financial modeling institutes in Columbia.
The financial modeling courses in Columbia and their accreditations are listed below.
| Programs | Accreditations |
| FMI Foundations in Financial Modeling | None |
| Level 1: Advanced Financial Modeler (AFM) | AFM |
| Level 2: Chartered Financial Modeler (CFM) | CFM |
| Level 3: Master Financial Modeler (MFM) | MFM |
| Courses | Duration | Fees |
| FMI Foundations in Financial Modeling | 15 Hours | 8,43,892.81 COP |
| Advanced Financial Modeler | 50-100 Hours | 30,07,720.54 COP |
| Chartered Financial Modeler | 75-120 Hours | 30,07,720.54 COP |
| Master Financial Modeler (MFM) | Application Process | N/A |
Benefits:
| Learning roadmap & resources | |
| Live Q&A sessions | |
| Expert Webinars | |
| Practical, in-demand modeling skills | |
| Skill validation by renowned global modelers | |
| Exams monitored and graded by experts | |
| Networking with both candidates and alumni. | |
| Tailored curriculum for individuals and teams |
Find out the best Financial Modeling Courses in Kenya for your career enhancement.
9. Imarticus Learning
The Certification in Financial Modeling and Valuation by Imarticus Learning helps in building financial models that can enable individuals or corporations to make better financial decisions.
The topics cover the fundamentals of financial modeling and core corporate finance concepts like financial valuation, valuation in project finance, valuation of startups, understanding valuation through multiples, economic forecasting, the three financial statements, equity & enterprise value, discounted cash flow (DCF), and Microsoft Excel for finance.
Hence, Imarticus Learning has become one of the most reliable financial modeling institutes in Columbia.
Learning Objectives:
After completing the 8-week skill-building program, students should gain in-depth knowledge in:
- Building robust and dynamic financial models
- Financial forecasting
- Industry research
- Excel for corporate finance
- The art and science of valuation
Imarticus Learning is more effective than many other financial modeling courses in Columbia since the program promotes the ‘learning-by-doing’ technique through a unique case study methodology that aligns with real business scenarios.
Each module centres around 1 of 6 in-depth real-life cases to ensure learners get the best experience of the job market situation in the country.
| Course | Duration | Fees |
| Certification in Financial Modelling and Valuation | 8 Weeks | Not Available |
Benefits
| Comprehensive coverage | |
| Industry-aligned curriculum | |
| Different delivery modes | |
| Experiential learning | |
| Access to learning aids, study materials, and exam papers. | |
| Resume building with insider tips | |
| Interview preparation with model questions & answers | |
| Mock interviews with industry veterans | |
| Guidance through the Imarticus Career Assistant team |
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10. Corporate Finance Institute (CFI)
CFI’s Financial Modeling & Valuation Analyst Certification, one of the distinct financial modeling courses in Columbia, provides insights into valuable financial modeling skills, by analyzing historical financial data for confident business decisions.
Apart from financial modeling, this comprehensive program ensures mastery in financial statement analysis, budgeting, forecasting, Microsoft Excel, Microsoft PowerPoint and overall competency in finance and accounting.
What makes this course stand out from other financial modeling courses in Columbia 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%) |
Highlights of the Course:
- 54 total courses (16 required)
- 200+ interactive exercises
- 6 certifications & 11 specializations
- Blockchain certificate
Accreditations of the Course:
CFI’s programs are accredited by:
- The Better Business Bureau
- The CPA Institutions in Canada
CFI’s programs offer verifiable CPE credits that meet NASBA standards and ensure that professionals fulfil CPE compliance requirements along with gaining the skills needed for industry application.
| Course | Duration | Fees |
| Financial Modeling & Valuation Analyst Certification | Self-Paced, Ideally 4-6 Months | Starting From 21,50,844.76 COP/year |
Benefits
| Expert-led training | |
| Practical Skill Development | |
| Interactive Lessons | |
| Learning Tools and Resources | |
| Industry Standard Credentials |
Frequently Asked Questions
1. Is it difficult to grasp financial modeling courses in Columbia?
A: If you have no prior knowledge of financial modeling, then financial modeling courses in Columbia might be challenging to know it all in one go. But worry not. The chapters on modeling and other finance-related areas can be handled with the right blend of in-depth theoretical knowledge and its real-world applications. Since financial modeling deals with complex mathematical formulas and hidden assumptions, you need strong mathematical as well as soft skills like analytical, critical thinking and problem-solving skills. Therefore, it is wise to enrol in any of the financial modeling courses in Columbia listed above to receive adequate training in technical as well as corporate behavioral skills.
2. What will be my duties as a financial modeler?
A: As a financial modeler, you may have the duties of:
- Updating financial models
- Valuing a business
- Forecasting
- Accounting
- Sensitivity analysis
- Capital allocation
- Financial statement analysis
- Ratio analysis
- Identify market risks
- Prepare and present results
- Perform audits
3. Do I have to appear physically for examinations in case of online financial modeling courses in Columbia?
A: Not necessarily. Most of the online financial modeling courses in Columbia have a global audience who may not be able to visit other countries to take examinations. Therefore, in most cases, the programs have provisions for online examinations and assessments so that candidates can take full advantage of the courses and nobody is left behind.
Conclusion
Financial modeling has become essential in the finance sector of Columbia with the rapid proliferation of the economic sector in the country. Hence, financial modeling institutes in Columbia play a vital role in addressing the technical capabilities and strategic thinking required to forecast and evaluate financial data and make well-informed decisions in various economic situations in a company.
It is crucial to select a course that utilises your talent, hones your skills and aligns with your interests and career goals. With the right determination and proper support from the training programs, you will be able to play a significant role in the ever-growing and dynamic financial sectors of the country.
Varun
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