Adding an extension of financial modeling to your career in finance is the cherry on top. This course will bring new opportunities and open doors for a better job. If you are looking for the best financial modeling courses in South Africa, this article will help you find your perfect fit. South Africa is rich in natural resources. Manufacturing, tourism, and agriculture play a significant role in South Africa’s economy. It is the largest economy in Africa. Applying for financial modeling training programs in South Africa is a great option.
In this article, we will discuss the top 10 financial modeling courses in South Africa. But before that, let’s examine what financial modeling is, the different types of financial models, and the skills required for it.
What is Financial Modeling?
Financial Modeling is a method of forming a statement reflecting on a company’s portfolio and other assets. It displays the performance of the businesses, investments, or projects and helps companies make productive decisions.
Financial modeling is a detailed spreadsheet that briefly combines a company’s or business’s expenses and revenues. It helps the finance manager make profitable decisions about the firm’s future.
Financial modeling plays a crucial role in firms’ economic growth. It gives business decision-makers a brief idea and an in-depth understanding of expenses and cash flow.
This also showcases the effects of current stocks on the company’s portfolio. It creates a wide-framed picture of revenue generation and expenses, in simple words, where did the money come from? Where did the money go?
What Are The Different Types Of Financial Models?
There are many types of financial models based on their purpose. We will discuss a few of the most important and frequently used financial models. Financial models differ in complexity, purpose, size, and roles. For instance, a quick examination of assets will require a one-sheet financial model, but for corporate and vast industries, a multi-sheet model will help.
Types of Financial Models:
M&A Model: An M&A model studies how the acquisition affects the company’s EPS and compares the company’s previous EPS to the EPS after the acquisitions. The main goal of the Mergers and Acquisitions model is to label the EPS. For instance, if the post-acquisition EPS exceeds the previous one, it will be labeled ‘accretive’.
However, if the post-acquisition EPS is lower, it will be labeled as ‘dilutive’. Using this model, companies can make profitable decisions regarding mergers and acquisitions.
DCF: DCF is popularly known as the Discounted Cash Flow method. This method calculates future cash flows and determines the business’s current worth. DCF analyses the company’s net present worth and compares it to the forecasted free future cash flows. This comparison evaluates cash flows considering the reasonable discount rate. Discounted cash flow methods help companies make profitable future moves.
Three-Statement Model: This model links income statements, cash flow, and balance sheets with various Excel formulas. The objective of the Three-Statement Model is to make assumptions by studying the three parameters. This model connects all the accounts and notes all the effects on the company’s cash flows, balance sheets, and income statements by changing the formulas. This method is the basic Financial Model.
Budget Model: Professionals who work in financial planning and analysis stream use the budget model to keep the budget together for upcoming years. This model utilizes quarterly or monthly financial data and mainly focuses on the income statement.
Option Pricing Model: This module is based on mathematical formulas and is further divided into two parts: binomial tree and Black-Scholes. It doesn’t have any subjective criteria and is purely formula-based, which is why it is more practical, logical, and accurate. It is a calculator-like tool installed into Excel.
Forecasting Model: Similar to the budget model, this model is also used for financial planning and analysis. However, the objective of the Forecasting Model is to compare the forecasts of the budget model. Sometimes, both budget and forecasting modules are combined workbooks, but most of the time, they are different.
Initial Public Offering Model: When a company decides to go public, it re-examines its financial calculations using the IPO model. Finance professionals use this model in Excel to forecast how much investors would like to invest if the company goes public. Investment bankers also use this model to know the economic effects on the portfolio, assets, and stocks in advance. The IPO model also ensures that the stock portfolio is giving satisfactory returns.
Leveraged Buyout Model: This is a multi-layered, complex, briefly detailed, and one of the most crucial financial models. It is considered to be a complicated yet advanced form of modeling. LBO mainly concentrates on a firm’s capital structure and factors that give profitable equity returns.
These were a few examples of financial models. After completing the financial modeling training programs in South Africa, you may have to work with one of these models.
Skills Required For Financial Modeling :
Excel Skills: Financial modeling requires a strong foundation in Excel and some experience in Excel. Developing financial models is an art that requires Excel skills.
Data Analysis: A financial model requires accurate data and documents hence one should have excellent data analysis skills.
Presentation Skills: A modeler must present complex information in a simple, easy-to-understand way. Visually presenting the data and models is an impressive skill.
Attention to Detail: Models contain complex and vast data hence they require keen observation, critical thinking skills, and attention to detail.
Forecasting: Giving accurate predictions based on financial models is the responsibility of a modeler. A financial model forecasts revenue generation, and cost projections along with different factors affecting business.
Before starting practice as a finance modeler, a few other financial skills, such as accounting, sector-specific knowledge, auditing, spreadsheets, and a deep understanding of financial models, are required. Problem-solving, critical thinking, and designing are other skills required for financial modeling.
After completing the financial modeling courses in South Africa and sharpening the skills, one can start practicing as a financial modeler. Now, let’s take a look at the benefits of top financial modeling training programs in South Africa.
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Benefits Of Financial Modeling Courses in South Africa:
| Benefits | Provided by the Courses | Description |
| Improved Career Opportunities | ✅ | Generate new opportunities in finance, strategy consulting, and investment banking. |
| Practical Skill Development | ✅ | Gives hands-on expertise in data analysis, forecasting, and decision-making |
| Local Market Relevance | ✅ | Useful financial modeling techniques according to South Africa’s economic sectors and needs |
| Professional Credibility | ✅ | Boosts employment possibilities and confidence. Adds valuable credentials to resume. |
| Strategic Decision-Making | ✅ | Learning tools to evaluate investments and forecast outcomes. |
| Increased Earning Potential | ✅ | Good payments and frequent promotions. |
| Networking Opportunities | ✅ | Students can connect with industry experts and peers for career growth. |
| Global Standards Alignment | ✅ | Introduces students to global best practices of financial modeling. |
Top 10 Financial Modeling Courses in South Africa With Placement:
| Institutes | AI-Generated Curriculum | Mode | Module-Specific Training | Mock Interview |
| IIM SKILLS | ✅ | Online | ✅ | ✅ |
| University of Cape Town | ❌ | Online | ✅ | ❌ |
| Prospen Africa | ❌ | Offline/ Online | ✅ | ❌ |
| Simplilearn | ✅ | Online | ✅ | ❌ |
| University of South Africa | ❌ | Online/ Distance learning | ✅ | ❌ |
| Johannesburg School of Finance | ✅ | Online | ❌ | ❌ |
| Dbrown consulting | ✅ | Online | ✅ | ❌ |
| Moolman Institute | ❌ | Online | ❌ | ❌ |
| The Knowledge Academy | ✅ | Online/ Onsite | ✅ | ✅ |
| Unichrone | ❌ | Online | ✅ | ✅ |
#1 World's Most Promising
Financial Modeling Master Course
- Unlock Your Potential
- Acquire Expertise to Boost Career
- 100% Placement Assistance
- Work with Top Brands & Agencies
1. IIM SKILLS
IIM SKILLS is a popular learning platform that offers online training for financial modeling, investment banking, digital marketing, content writing, Tally, and much more. It is one of the most detailed and flexible financial modeling courses in South Africa.
IIM SKILLS has been in the teaching and training industry for the past decade and has a satisfying growth as an e-learning platform. Through this course, you will learn all the basic financial modeling concepts and develop a strong foundation.
The institute has a global audience and students from all over the world. It offers online, expert-led, and interactive sessions forming a personal connection with its students. The best thing about IIM SKILLS is it has 500+ global hiring partners including Deloitte, JP Morgan, Amazon, and Barclays from over 50+ nations.
If you are a newbie starting fresh with no foundation in finance, no worries! IIM SKILLS offers basic to advanced-level courses in financial modeling. Any professional, newcomer interested in finance, or a finance graduate can apply for this course.
IIM SKILLS Financial Modeling Courses in South Africa Details:
Financial Modeling Master Course
| Courses | Duration | Fees |
| Self-Paced Program | 4 Months | 7606.63 ZAR |
| Job Assist Program | 4 Months | 12753.23 ZAR |
| Job Guarantee Program | 4 Months | 36361.50 ZAR |
|
What IIM SKILLS Financial Modeling Course Provides
| |
| Live training | ✅ |
|
Practical assignments, doubt-solving classes
| ✅ |
|
Lifetime access to the LMS portal
| ✅ |
| 100 % Job guarantee | ✅ |
| Hands-on projects | ✅ |
| 1:1 mentorship | ✅ |
| Placement assistance | ✅ |
| IIM SKILLS Will Teach | |
| Basic and advanced-level Excel | ✅ |
| Accounting Concepts and Financial Statements | ✅ |
| Ration & KPI Analysis | ✅ |
| Technicals of Financial Modeling | ✅ |
| Different Types of Financial Models | ✅ |
| Business Valuation | ✅ |
| New age advanced tools | ✅ |
What Makes IIM SKILLS Unique :
While offering a detailed curriculum, IIM SKILLS oversees the student’s professional journey. They offer,
- Resume building sessions
- Mock interviews
- Communication skills
- LinkedIn profile-building guidance
- Quizzes
- Hackathons
- Corporate culture
- Workplace ethics
- Workshops
Contact Details:
| Phone | 9580740740 |
| info@iimskills.com | |
| Website | iimskills.com |
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2. University Of Cape Town
UCT is known for its diverse, lively worldwide community with its global learners and staff from corners of the world. It has an encouraging staff and various opportunities to volunteer which contributes to student’s growth and makes student’s learning journey adventurous.
The University of Cape Town offers online financial modeling courses in South Africa ensuring students develop all the essential skills required for this field. Additionally, the staff personally teaches essential modern techniques as well as economics, market patterns, and investment management ensuring students comprehensively understand financial modeling.
Students with or without formal knowledge of finance, and professionals looking for new career opportunities in finance, can enroll in this course. After completion of UCT’s online financial modeling courses in South Africa, you may work with offshore investments, ETFs, properties, and other assets of a company or client.
What They Offer:
- 8 weeks online financial modeling short course
- Practical financial modeling skills
- Valuable analysis skills
- Completion certificate
- Unlimited access to the edX career engagement network
Course Module:
- Orientation program
- Using financial modeling effectively
- Accounting statements
- Building three statement model
- Forecasting three-statement model
- Sensitivity and scenario analysis
- Modeling different types of business
- Decision-making using a financial model
- Using financial models for valuation.
Fee Structure:
| Course | Duration | Fees |
| Financial Modeling and Analysis online short course | 8 Weeks | 14,900 ZAR |
Click here to learn How to Prepare a Financial Model
3. Prospen Africa
Prospen Africa is a well-established institute offering satisfying leadership training, consulting services, and high-quality study content. This institute believes in putting learners’ needs first and ensures that learners’ needs are met by offering everything they are looking for.
Their vision is to deliver trusted, effective, and innovative solutions that help them form a solid relationship with partners and customers.
Along with financial modeling courses in South Africa, it also offers, HR Consulting services, a wide range of customized short courses, and training in local mining industries.
Their financial modeling training programs in South Africa provide essential skills required for analyzing business performance and managing risks. Prospen creates decision-makers out of financial modelers.
This course provides all the tools, techniques, formulae, and methods of Excel used in financial modeling. They will teach you all the flexible and advanced forecasting tools and techniques.
However, their financial modeling courses in South Africa are mainly designed for finance professionals or students with a commerce background.
Course Details:
| Course | Duration | Fees |
| Financial Analysis, Modeling, and Forecasting | 5 Day training | Not Available. |
You Will Learn:
- Building and designing effective financial models in Excel.
- Improving analyzing and interpreting skills needed for financial statements.
- Tools for managing risks
- Techniques of investment banking decision making
- Forming a wide range of forecasting models
Course Structure:
- Module 1- Competitive Challenges in the 21st Century + Fundamentals of financial modeling
- Module 2 – Mastering financial analysis.
- Module 3 – Improving financial forecasting.
- Module 4 – Financial models to improve decision-making.
- Module 5 – Managing risks and uncertainties.
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4. Simplilearn
Simplilearn is a global leader in providing digital skills and was founded in 2010 in Plano having offices in Bangalore and Texas. It offers financial modeling courses in South Africa and has 400+ live skill-focused courses across 150+ nations with 8 million students worldwide.
It collaborates with world-class universities, leading business industries, and top companies to design a factual and educative curriculum. It believes in transforming learner’s lives through digital skills.
Simplilearn offers advanced MS Excel and financial modeling training programs in South Africa with a completion certificate. Its active, in-field trainers provide real-world knowledge making the learners ready to thrive in the world of finance.
You will go through many practical, active, real-world case studies. Simplilearn has a curriculum designed by industry experts to imbibe students with job-ready skills.
Course Details:
| Course | Duration | Fees |
| Self-paced Learning | Lifetime access/ Self-paced | 1993.14 ZAR |
| Corporate Training | Instructor-led/ Self-paced | N/A |
This Course Offers:
- 15 hrs E-learning
- 13 chapters with 1 quiz
- Chapters based on case studies
- Excel practice templates
- 1 Financial modeling exam with MS Excel simulation
- Teaches Football field and floating bar charts along with Monte-Carlo simulation.
Course Contents:
- 1st Module – Valuation modeling (Excel, ratio analysis)
- 2nd Module – Merger-Acquisition analysis (Bid evaluation and analysis)
- 3rd Module – Project finance modeling (Risk analysis, modeling cast flow waterfall)
- 4th Module – Monte Carlo simulation
- 5th Module – Advanced MapReduce (Index and match functions)
- 6th Module – Advanced charting techniques
You can enquire using your email ID for more in-depth information about the course and fees. They provide flexible payment options.
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5. University Of South Africa (UNISA)
UNISA is a higher education institute offering the best financial modeling training programs in South Africa. Having impressive global reach, it is the first university in South Africa to deliver distance education. With 37300 active students across 109 countries, it is the largest university in the continent of Africa.
This is a bachelor’s degree program of Commerce Honours in Financial Modeling hence, only ex-UNISA students or new applicants who want to pursue a degree can apply for this course. After checking the qualification criteria, UNISA will accept the application. An email will be sent to the applicants; only these students can start learning with this institute.
For the financial modeling courses in South Africa, UNISA insists students should have a personal computer, a strong internet connection, and a printer to avoid any technical inconvenience.
Course Details:
| Course | Fees |
| Bachelor of Commerce Honours in Financial Modeling | Not Available |
Course Structure:
This Honours program has credits and is divided into two modules.
- Co-requisite module – Module A and Module B are co-requisite modules and can be applied simultaneously.
- Prerequisite module – Module A is a prerequisite of Module B. Students must pass Module A to appear for Module B.
You Will Learn:
- Forecasting
- Stochastic modeling
- Financial modeling 1
- Financial modeling 2
- Research projects
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6. Johannesburg School Of Finance
Johannesburg School of Finance is a private training institute that provides finance and finance-related training. Along with financial modeling courses in South Africa, they provide short courses in investment analysis, asset management, and investment training.
They have trained clients from all over the world including big organizations, companies, and well-known institutions.
JSF focuses on imbibing entrepreneurship and decision-making skills in their clients. Having the main office in Bryanston it has a huge client following from the continent of Africa and the Middle East.
Their financial modeling course is divided into 4-day training programs which will include basic to advanced Excel knowledge. To make the learning process intense and serious they have allowed only 6 students per session. For the client’s convenience, JSF also offers 1:1 sessions and in-house training programs for finance professionals.
Fee Structure:
| Course | Duration | Fees |
| Financial Modeling in Excel Module 1 | 4 consecutive days | 20,125 ZAR |
They Provide:
- Online face-to-face sessions
- Certificate in Practical Finance
- 4 successive days of training
- Online practice exercises
Course Module:
- First part: Purpose, principles, and techniques of financial modeling.
- Second Part: Creating and interpreting charts.
- Third Part: Planning, building,g and interpreting a model.
- Fourth Part: IF statements and variations.
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7. Dbrown Consultancy
Mr.David Brown a successful finance practitioner, created this course and has been in action for the last 10 years. His deep concern for finance enthusiasts and students who lack the knowledge and skills to thrive in this field gave birth to this consulting institute.
It offers world-class financial modeling training programs in South Africa and prepares students for internationally recognized financial modeling exams.
Anyone who works in the finance sector or has an unsatisfied career growth and looking for new opportunities in finance should consider this course. This financial modeling course addresses learners’ pain points and guides them at every step in career growth.
This financial modeling course is a collaboration between Dbrown and FMI (Financial Modeling Insitute) and is a scholarship program. The scholarship and program are particularly designed for residents of Africa.
FMI’s financial modeling courses in South Africa will imbibe you with core Excel skills, financial statement analysis, finance accounting, and logical thinking. You can opt for Dbrown, as this collaboration will nurture you by bridging the knowledge gaps and addressing your weak topics.
Course Module:
- Primer course – MS Excel skills and fundamentals of modeling
- Module 1 – Building model structure and framework
- Module 2 – Restructuring historical models – Profit and loss account
- Module 3 – Restructuring historical financials – Balance Sheet
- Module 4 – Financial divers and base assumptions
- Module 5 – Computation mechanics
- Module 6 – Finalizing module, visualizations, and analysis.
You Will Learn:
- Understanding, identifying,g and applying Excel functions.
- Structural designs and three statement models.
- Cost, price, value analysis, and forecasting
- Cashflow, waterfall model, capital structure modeling
- Fundamentals of Business Valuation
- Style, structure,e and visualization of models.
Dbrown collaborates with the best financial modeling training programs in South Africa offers in-depth knowledge of financial modeling and prepares students for real-world projects. Currently, there is a waitlist hence the fee structure is not available. Knowledge seekers should frequently check the website.
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8. Moolman Institute
Moolman Institute is bringing a course series on financial modeling in collaboration with LES (Licensing Executive Society). Moolman Institute was founded by Dr. Sean Moolman with the thought of innovation and inspiring people to learn and gain skills.
Dr. Sean is passionate about teaching hence will be your instructor and will personally guide you throughout the course.
LES is a group of brilliant professionals having a passion for transforming people’s lives through training in finance, law, and management. This association aims to build skilled and technically sharp professionals by offering multiple courses.
If you have no prior knowledge of finance no need to worry because this collaboration will offer a bundle of 4 programs from basic to advanced levels for financial modeling courses in South Africa.
Course Details:
| Course | Duration | Fees |
| Master Financial Modeling Course Series | 14 hrs | 3,900 ZAR |
What You Will Learn:
- NPV, IRR, and financial evaluations.
- Spreadsheet skills.
- Understanding and analyzing financial statements.
- Building own financial model.
- Decision tools
- Formulas, spreadsheet templates.
Course Chapters:
- 101 – Mastering the key concepts – 5 hrs
- 201 – Kickstarting Spreadsheet Skills – 2.5 hrs
- 301 – Financial statements – 3 hrs
- 401 – Building financial models – 3.5 hrs
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9. The Knowledge Academy
This institution is a successful quality training program provider having a market in over 190 countries. The Knowledge Academy has trained almost 2 million learners with conviction, gained every delegate’s trust, and become the market leader in training courses.
It has also trained the world’s leading companies and greatest education institutes including brands like Aston Martin, Dell, Queen Mary University, and several other companies.
The knowledge academy offers one of the most popular financial modeling courses in South Africa including advanced financial analysis and complex scenarios.
This course will offer you hands-on learning and job-ready skills that will prove highly beneficial in your career. It is an online platform that also offers on-site training with over 490+ locations worldwide according to learner’s requirements.
Course Outline:
- Introduction to financial modeling
- Valuation
- Learning Excel
- Data dashboard
- Presentation
- Uses of financial modeling
What They Offer:
- Tailored learning expertise
- Team building opportunity
- Interactive classes led by world-class instructors.
- Completion certificate
- Online, Onsite and self-paced training options
- Enhanced and improved skills
- Opens doors to advanced finance careers.
For onsite and classroom training you can contact the institute.
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10. Unichrone
Unichrone is an institute offering training programs in over 170+ countries. They train professionals from various sectors such as Cloud computing, project management, Quality management, Cyber security, and Financial modeling.
This institute has highly qualified teaching staff which assists professionals in gaining the required skills and preparing for the fast-growing corporate environment. The strong point about Unichrine is the management stays in touch with their students and learning professionals to magnify their career growth.
Along with other development courses, this institute is well known for offering financial modeling courses in South Africa. Unichrone offers a one-day online training program and customized interactive training as per the client’s requirements.
After completing this course, you will get a financial modeling and forecasting certificate, which will boost your employment possibilities in South Africa. To earn the certificate, students have to qualify for a 60-minute exam and Unichrone will provide you with the study material required for the exam.
This institute has an internationally accepted curriculum that can be a career booster for a successful career pathway.
Key Features:
- Case studies designed by industry experts.
- Mock test
- High-quality, industry experts as trainers.
- Best industry practices with trends
- End-to-end support.
- Convenient weekend or weekday class.
Benefits of the Financial Modeling Courses in South Africa Taught by Unichrone:
- Higher Salary
- Sophisticated skillset
- Diverse job roles
- Gain credibility
- Rigorous study plan
Modules:
- Module 1 – Financial Modeling Overview
- Module 2 – Primer in the accounting of statements
- Module 3 – Financial Statement Modeling
- Module 4 – Forecasting
- Module 5 -Business valuation
Course Details:
- Name – Financial modeling and forecasting training in South Africa.
- Duration – 1-day training
- For the fee structure, students must visit the website and enquire.
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#1 World's Most Promising
Financial Modeling Master Course
- Unlock Your Potential
- Acquire Expertise to Boost Career
- 100% Placement Assistance
- Work with Top Brands & Agencies
FAQs
Q1. Who can enroll in the financial modeling course?
If you are interested in taking the financial modeling training program, then you must at least complete your 10+2 from a well-recognized board with a minimum score of 50% or above. Also, you must have a basic understanding and knowledge of accounts and their fundamentals.
Q2. Which course is best if I want to build my career in finance?
Well, there are plenty of courses that you can take. But a few will offer you a wider scope of career growth. A few courses that you can choose from are CFA, Business and Financial Modeling, Financial Accounting, Financial Statement, Accounting, Budgeting and Forecasting, Corporate Finance, etc. Each of these courses has its own eligibility criteria and career scope.
Q3. Is Financial Modeling a good career to take?
Of course, it is one of the promising careers and offers a wide scope of career growth.
Conclusion:
In this article, we have mentioned all the prestigious financial modeling training programs in South Africa. You can choose your course according to your needs and desires. This article mentions beginner-to-professional-level classes. To gear up your career, you can start learning anytime.
Gaining new skills and knowledge will always help a seeker. Financial modeling is a deep and wide field, but the internet has brought knowledge to your doorstep. Start your financial modeling journey today. We hope this article was helpful and wish you happy learning!
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