Top 11 Financial Modeling Courses in Mumbai in 2023
If you think doing CA or CS is the only way in which you can make your interest in Accountancy your profession, then let me introduce you to a new term, financial modeling. The process of creating a summary of a firm’s expenses and earnings in the form of a spreadsheet that can be used to calculate the impact of a future event or decision is known as Financial Modeling. It tries to build an abstract representation of real-world financial situations. A firm usually constructs a financial representation of all aspects of the firm through this process.
Financial Modeling consists of an income statement, balance sheet, cash flow statement, and supporting schedules, and some advanced types of models such as discounted cash flow analysis (DCF model), mergers and acquisitions (M&A), leveraged-buyout (LBO), sensitivity analysis.
Some of the uses of financial modeling are:
- Raising capital (debt and/or equity)
- Making acquisitions (businesses and/or assets)
- Trying to grow the business organically (e.g., opening new stores, entering new markets, etc.)
- Allocating the capital (priority of which projects to invest in)
- Valuing a business
- Financial statement analysis/ratio analysis
- Management Accounting
Who should learn Financial Modeling?
As such, financial modeling can be beneficial for everyone in the corporate industry. However, for some individuals, it’s absolutely essential to learn this skill if they want to excel in their field. Following are some of the personnel who necessarily need to learn financial modeling:
- Those who are looking to fill a knowledge gap.
- Bankers looking to refresh their technical skills.
- Teams employed in financial strategy roles.
- Graduates preparing to interview in the finance sector.
- Students at business school who are looking for a career in finance.
Step up your game with these Best Online Financial Modeling Courses
Financial Modeling Courses in Mumbai
As it might be clear by now that financial modeling is an essential skill that plays a vital role in all businesses and firms, it’s better to learn this skill before you step into the corporate world. Having a resume that says you have learned Financial Modeling will help you get better chances of selection and save the time that the company might have otherwise invested in teaching it during the induction process. This is one of the best financial modeling courses in Mumbai.
Also, if you own a company and want your employees to learn this skill, consider these courses as a suggestion for that purpose as you won’t be able to perform all the tasks all by yourself and might require someone’s assistance. Following are some of the most preferred financial modeling courses in Mumbai:
1. IIM SKILLS
IIM SKILLS was established with the aim to educate learners with the best approach possible to make learning and complex concepts easily understandable. Since then they have transformed the careers of more than 35 thousand individuals. It is an online learning platform that allows students to enroll and learn sitting in any corner of the world.
IIM SKILLS Financial Modelling Course Content & Modules:
|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
- Course Name -Online Financial Modeling Course
- Course Duration- 3 Months + 2 Months Guaranteed Internship
- Course Fee: INR 39,900 + 18% GST
Professional Courses from IIM SKILLS
- Digital Marketing Course
- SEO Course
- Technical Writing Course
- GST Course
- Content Writing Course
- Business Accounting And Taxation Course
- CAT Coaching
- Investment Banking Course
Contact: +919580740740, [email protected]
It is one of the top financial modeling courses in Mumbai. They also have plenty of programs related to this field. The most applicable course that teaches Financial Modeling is ‘Financial Analysis Prodegree’. This course lasts for about four to five months wherein they will make you ready for jobs as you will gain knowledge through both experiential and blended learning. The course uses case studies, classroom lectures, and hands-on projects to make it easier for students to wrap their minds around the topic. They are also known for providing excellent placement services.
INR 75,000 (offline mode); INR 58,000 (online mode)
IMS Proschool is India’s leading financial modeling service provider. It provides training on weekends & weekdays making it feasible for students as well as working professionals to take up the course. Here students get trained by industry experts. Students always have access to online study material. The training program lasts for around 70 hours. Students are provided with live projects to give them real-life industry experience.
INR 40,000 (offline mode); INR 28,000 (online mode); INR 20,000 (distance learning)
Available + NSE academy certification
You may also want to opt for:
EduPristine provides one of the best Financial Modeling courses in Mumbai. Here, you will be taught MS Excel from the very basics. By the end of the course, you will be able to independently build financial models. They have two types of training programs:
- a) Classroom Training: It’s a more general kind of training
- b) Corporate Training: It’s a more customized and specialized kind of training
The Financial Modeling course (online) provides discussion forums, pre-recorded videos, 24×7 support, access to online material, etc.
Awarded by BSE Institute Ltd
5. Jaro education:
Its ‘Certification Program in Corporate Finance & Analytics is one of the best financial modeling courses in Mumbai. This course consists of 6 months of virtual learning, usage and experience in various tools and technologies, peer networking, and 100+ hours of interactive learning. This program will help you to build the analytical and financial management skills that are required for a firm to evaluate and control its income and expenses to achieve long-term goals.
Udemy has one of the best financial modeling courses in Mumbai. Its course- ‘Beginner to Pro in Excel, is among the best financial modeling courses. It covers not only the teaching aspect of financial modeling but also the practical aspect ie. working on it the usage of excel. It will allow you to do your tasks more effectively and efficiently. They will also teach you to design more attractive and advanced excel sheets and charts. You’re only required to have access to Microsoft Excel 2010, Microsoft Excel 2013, Microsoft Excel 2016, or Microsoft Excel
Here are other cities providing excellent financial modeling courses
- Financial Modeling Courses in Pune
- Financial Modeling Courses in Nagpur
- Financial Modeling Courses in Bangalore
- Creative Writing Courses In Mumbai
It is known as one of the financial modeling providers in Mumbai. In their financial modeling courses, they teach about various types of financial models which will help you realize what all kinds of models might be required by a firm where you might work in the future. The learning objective here is to attain knowledge about accounting, MS excel, finance, forecasting, presentation, strategies, etc.
You will have access to their course library for two years and over 120 downloadable templates that will help you make better, self-explanatory, and more attractive models and charts. The course is 6 months long. You’ll just need to have access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection.
Varies from course to course
8. The Wallstreet school:
Wallstreet school is the provider of notable financial modeling courses in Mumbai. Here you’ll be provided practical training too. The instructors are pretty experienced. The training materials are up-to-date and case studies are solved for a greater understanding of various concepts. Here, batches are available both on weekends and on a full-time basis.
This is 6 week and 180+ hours long course. If you opt for an online self-paced video format, you can access the study material and various related content at any time. They also assist in placements. This course can be taken by CAs, MBA Finance students, engineers, or any B.com/BBA graduate students.
INR 22,000 (online self-paced video format)
Recommended Read: BusinessAccounting and Taxation Courses in Thane
It provides financial modeling courses in Mumbai to provide an effective management approach to improve performance in related areas. Prior understanding of spreadsheets and Excel is not a prerequisite for their students and the program starts with teaching the basics of spreadsheet modeling and is a 2-day long program.
10. Academy of Financial Training:
Academy of Financial Training provides one of the best-known financial modeling courses in Mumbai. Here you’ll be given more than 1000 hours of training to provide you with overall development. They have 25+ experts in various domains and a pretty renowned faculty for financial modeling. Till now they have trained over 6000 students.
Recommended Read: GST Certification Courses in Thane
11. ATM Training:
It is one of the best financial modeling courses in Mumbai. They have numerous workshops and courses related to financial modeling that are usually a day long. They have a faculty of experienced personnel who make sure that you learn everything in the best possible way. You’ll have access to their huge digital library where you can access the latest version of resources. They invest a lot in both in-house and public training.
Vary according to the course chosen
Common Types of Financial Models
Financial Modeling doesn’t just consist of a balance sheet or a profit and loss statement. In fact, it can be made in a lot of types and have a combination of all such records. Some of the most common types of financial models are:
- Three Statement Model
- Discounted Cash Flow Model
- Merger Model
- Initial Public Offering Model
- Leveraged Buyout Model
- Sum of Parts Model
- Consolidation Model
- Budget Model
- Forecasting Model
- Option Pricing Model
What is a ‘good financial model’?
a) Good Assumptions: A financial model is essentially the outcome of a forecast. Hence, it is based on past records. If the assumptions made in this model are over-the-board they can lead to the company getting discouraged if such targets are not met (because of obvious reasons). Also, if the company’s ability is undervalued it won’t be able to estimate its full potential. Both of these cases are harmful to a company, hence, the person making the financial model should be careful while making assumptions as they can have long-lasting effects on the firm. They must also make sure that the assumptions and conclusions conveyed within the model are clear.
b) Flexible: A good financial model should be flexible. Not only in terms of design but also the techniques being used. There are many techniques and methods used for calculations in financial statements. For instance, Depreciation can be calculated in many ways like the straight-line method or diminishing balance method.
Hence, the methods being used should be considered carefully as financial models are dynamic in nature and a small mistake can cost a lot to the firm. It should be editable so that it can be regularly updated and adapted according to the current traits and trends. This will also reduce the chances of irreversible mistakes.
c) Easy to follow: We don’t want the one going through our models to get confused and/or misinformed. Therefore, Those who make financial models should make sure that the model is made in such a way that a layman or a person with minimal knowledge can comprehend what it is about. One can use templates to make the context decipherable.
Frequently Asked Questions:
Q- Are templates important in a financial model?
A- Financial models are usually made on excel sheets. Being given its nature, it is a bunch of various heads and amounts. Preparing it in an unorganized or monochromatic way can lead to confusion or lack of interest by the reader. As we know that designing and understanding a financial model is important, those creating a financial model are suggested to use templates. This saves the time and effort of a person trying to start from scratch. Also, it leads to the preparation of a graspable model which can be understood by everyone and not just by the one preparing it. Also, they come in very handy while having presentations or deals. The sheets are self-explanatory which often leads to the other party thinking highly of you.
Q- Are financial Forecasting and Financial Modeling the same?
A- No. There is a difference. Forecasting is the process by which companies prepare themselves for future scenarios. Forecasting is the expectation of future results. The basis of forecasts are previously preserved trends. If older data isn’t available, data generated by other similar businesses in the market can be used. On the other hand, Financial Modeling takes these expectations of the future i.e., forecast, and assists them with logic through calculations by using the company’s financial statements. Financial Modeling is more mathematical or statistical in its nature, whereas forecasting is research and analysis-based.
Like financial modeling, forecasting can be done in a lot of ways too. Some forecasts are sales based i.e.: they go through the data about how the sales were made in the past and base their future on that information. While others base them on production ie: the quantity that was produced in the past year(s). Yet another kind of forecast can be made based on profits earned. A firm should know what works the best for them by occasionally experimenting with all kinds of methods.
Q- Is Financial Modeling difficult?
A- Maybe a bit, if you’re trying to do all the work by yourself. However, with the help of expert professionals and trainers, you’ll be able to figure out things that might seem difficult to do while doing it all alone. That’s the reason why we mentioned all these courses. We did it so that you can work hard but in a smarter way. In our opinion, proper guidance can help one overcome any kind of obstacle. Hence, you should check it out yourself under expert supervision to achieve proficiency in your desired field.
Financial Modeling may not look so but it is indeed a vast field. If you have an earnest interest in this area, you may as well prosper in it. But stopping yourself just because you don’t know much isn’t a great idea. We hope that this article about financial modeling courses in Mumbai was helpful and gave you some clarity regarding the same matter.