The advancement of cutting-edge technologies and the nation’s economic progress have made it imperative for Czech finance professionals to have an in-depth knowledge of all the key financial competencies, including financial modeling, financial analysis and forecasting. This article is for all finance enthusiasts who wish to upgrade their financial knowledge through financial modeling and associated programs. We have presented the top 10 financial modeling courses in the Czech Republic that would assist Czech individuals in contributing to the economic prosperity of their country.
We suggest referring to the top 10 Financial Modeling Courses in the Czech Republic offered by various leading institutes mentioned below that will help our readers elevate their careers.
Economy Of The Czech Republic
The Czech Republic has an open market economy with trade and commerce being central to it. The industry sector accounts for 37% of the economy, services for 61% and agriculture for 2%.
The principal industries are high-tech engineering, automotive, electronics and machine-building, chemicals, steel production, transportation equipment, food processing and pharmaceuticals, among others. The major services include research and development, ICT, software engineering, nanotechnology, biological sciences etc.
Understanding Financial Modeling
Financial modeling is one of the most highly valued competencies in financial analysis and economic forecasting. The purpose of financial modeling is to integrate accounting, finance, and business metrics to predict and represent a company’s financial progress.
A financial model is typically developed in a spreadsheet, Microsoft Excel being the most popular one, that projects a company’s economic performance using its historical data and future assumptions.
Designing a financial model, also known as three-statement model, requires three financial statements that include – 1) Income statement, 2) Cash flow statement, 3) Balance sheet and 4) Supporting schedules.
Some other important types of financial models include:
- Budget model
- Forecasting model
- Valuation model
- Scenario analysis model
- Comparable company analysis (CCA) model
- Discounted cash flow (DCF) model
- Precedent transaction analysis (PTA) model
- Leveraged buyout (LBO) model
- Mergers and Acquisitions (M&A) model
- Initial public offering (IPO) models
- The sum of the parts (SOTP) model
- Consolidation model
- Option pricing model
Benefits of Financial Modeling Courses in the Czech Republic
| Benefits | Provided by the Courses | Description |
| Diverse Career Options | ✅ | Investment Banking, Commercial Banking, Corporate Finance, Project Finance, Financial Analyst, Credit Analyst, Equity Research Analyst, Junior Research Analyst, Financial Planning and Analysis, Financial Consultant, Financial Consulting Firms, Private Equity, Real Estate, Portfolio Management, Risk Management, Venture Capital, Hedge Funds etc. |
| Better Salary Packages | ✅ | 43,000 CZK/Month (Average Salary) – 46,750 CZK/Month (Total Salary with an Estimated Additional Pay) |
| Up-to-date Knowledge | ✅ | Financial Modeling, Financial Statement Analysis, Financial Forecasting, Valuation of a Company, Accounting, Budgeting, Auditing, Decision-Making, Capital Allocation, Equity Analysis, Spreadsheet Management, Presentation, Microsoft Excel |
| Practical Skills | ✅ | Utilize in-demand innovative skills in industry-aligned projects and case studies. |
| Cost-Effective Learning | ✅ | Economical yet premium-quality learning experiences |
| Artificial Intelligence | ✅ | Master the AL tools to enhance your financial modeling skills |
| In-House Internships | ✅ | Improve and implement your practical skills by participating in internships through the institute’s in-house team. |
| Certification and Credibility | ✅ | Gain industry-recognized and internationally accepted certifications. |
| Placement Opportunities | ✅ | Take advantage of the placement opportunities by the dedicated placement teams |
We hope you now have a fundamental idea about financial modeling, its types and advantages. Let’s get into a detailed discussion of the top 10 financial modeling institutes in the Czech Republic to improve your career prospects.
Top 10 Financial Modeling Courses in the Czech Republic
| Institutes | AI Integrated Curriculum | Mode | Module Specific Trainers | Mock Interview |
| IIM SKILLS | ✅ | Online | ✅ | ✅ |
| Global Horizon Training Centre | ❌ | Online & Offline | ✅ | ✅ |
| Glomacs | ❌ | Online & Offline | ✅ | ❌ |
| Oxford Management Centre | ❌ | Online & Offline | ✅ | ✅ |
| Blackbird for Training | ❌ | Online & Offline | ✅ | ❌ |
| Unichrone | ❌ | Online & Offline | ✅ | ✅ |
| Wharton Online | ❌ | Online | ✅ | ❌ |
| Finxl | ❌ | Online & Offline | ✅ | ✅ |
| The Knowledge Academy | ✅ | Online & Offline | ✅ | ❌ |
| Fitch Learning | ❌ | Online & Offline | ✅ | ✅ |
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1. IIM SKILLS
If you want to attain a clear concept of financial modeling and financial statement analysis from immensely experienced industry leaders in a cost-effective program, then welcome to the Financial Modeling Master Course presented by IIM SKILLS. It is one of the world’s fastest-growing and top-rated financial modeling institutes in the Czech Republic.
Key Features of the Financial Modeling Course
- 6 global accredited certificates
- 185+ hours of course delivery
- 100+ hours of practical assignments
- 5+ case studies with 1 month paid internship
- 25+ hours doubt solving classes
- Practical training in MS Excel, Python, PowerBI and Gen AI.
- Certifications from IIM Skills and Capstone Projects
- Job interview and placement assistance
- 100% money-back guarantee
In the financial modeling courses in the Czech Republic, students will:
- Create efficient and streamlined financial models to examine historical data, foresee future projections, and assimilate financial statements, key ratios, and outputs.
- Acquire the talent to comprehend the raw financial data sets to stem out accurate financial models reflecting real-world business problems.
- Become proficient at conducting financial analysis, setting forth conclusions, and casting recommendations.
- Be capable of investigating previous records of a company to calculate prospective business ventures.
- Know about and implement alternate ways to determine financial statistics and parameters.
IIM SKILLS Financial Modeling Master Course:
| Courses | Duration | Fees |
| Self-Paced Program | 4 Months | 9917.26 CZK |
| Job Assist Program | 4 Months | 16550.88 CZK |
| Job Guarantee Program | 4 Months | 49718.98 CZK |
Contact Information:
| Phone | +91 9580740740 |
| info@iimskills.com | |
| Website | iimskills.com |
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2. Global Horizon Training Center
Global Horizon Training Centre provides one of the best financial modeling courses in the Czech Republic.
Financial Modeling & Fundamental Analysis
This workshop is designed to equip students with a thorough understanding and practical skills to analyze financial data and make data-driven investment decisions.
Through a combination of theoretical learning and hands-on projects, candidates obtain competency in creating financial models and conducting financial analysis. Therefore, Global Horizon Training Center is deemed to be one of the most recognized financial modeling institutes in the Czech Republic.
Learning Objectives:
Attendees will be able to:
- Understand the concept of financial modeling and fundamental analysis.
- Form robust financial models using Excel and relevant financial modeling software.
- Examine financial statements to assess a company’s performance and economic health.
- Elucidate key financial ratios and metrics to make informed investment decisions.
- Apply different valuation techniques to estimate the value of a company, asset or product.
Target Audience:
This workshop is ideal for:
- Students pursuing degrees in finance, accounting and related domains.
- Finance professionals looking to advance their analytical skills.
- Investors who intend to make informed decisions in the stock market.
- Individuals who are interested in financial analysis and modeling.
| Course | Duration | Fees |
| Financial Modeling & Fundamental Analysis | 4 Days | 57,127.18 CZK |
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3. Glomacs
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The financial modeling courses in the Czech Republic by Glomacs are:
- Financial Analysis, Modelling & Forecasting
Highlights:
- Advanced skills in financial modeling with Excel
- The tools and techniques of financial analysis
- Improving forecasting quality and minimizing error
- Effective capital investment decision-making
- Device strategies for handling risks and uncertainty
- Overall challenges and solutions for 21st-century business
| Course | Duration | Fees |
| Financial Analysis, Modelling & Forecasting | 4 Days | 1,41,004.72 CZK |
2. Project Finance and Modelling
Highlights:
- What project finance is, its applications in industries and rising trends
- Financial feasibility of upcoming projects through feasibility studies, financial modeling, and risk management
- Financing options and developing optimal financial structures for projects
- Legal and regulatory frameworks related to project finance and its documentation
- Analyzing case studies to learn about the intricacies of project finance in real world industries
| Course | Duration | Fees |
| Project Finance and Modelling | 4 Days | 1,41,004.72 CZK |
3. Financial Modelling in the Oil & Gas Industry
Highlights:
- All about financial modeling and designing financial models in the oil and gas industry
- A dual approach that develops modeling as well as financial management skills
- Implementation of basic to the most advanced level of Excel.
- Technical approach to various sectors including oil and gas firms
- Real industry examples regarding the oil and gas sector
| Course | Duration | Fees |
| Financial Modelling in the Oil & Gas Industry | 4 Days | 93,615.79 CZK |
4. Advanced Financial Modelling & Petroleum Project Economics
Highlights:
- The challenges and uncertainty in modern petroleum projects
- Principles of business planning and performance management
- How financial models can help improve business decision-making
- Practical expertise in financial modeling in petroleum projects
- Advanced technique to analyze oil and gas sector economic indicators
| Course | Duration | Fees |
| Advanced Financial Modelling & Petroleum Project Economics | 10 Days | 1,87,245.41 CZK |
5. Financial Modelling & Tariff Setting for Utility Sector
Highlights:
- The new challenges and difficulties of the energy sector in the 21st century
- The effects of the modern legal frameworks on the power industry
- Financial models relevant to the power sector
- The progress and problems of modeling and forecasting utility value
- The operation of power industry projects using financial models
| Course | Duration | Fees |
| Financial Modelling & Tariff Setting for Utility Sector | 4 Days | 93,615.79 CZK |
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4. Oxford Management Center
‘Finance and Business Acumen’ training courses by Oxford Management Centre are designed to equip managers and finance professionals with the ability to critically analyze finance and accounting practices and make sound investment decisions.
The training courses develop the skills of using financial information, business metrics and key performance indicators for commercial and career advancement. Not to mention, the programs assist candidates and their businesses to be at par with other global organizations.
Oxford Management Center is also one of the premium financial modeling institutes in the Czech Republic that delivers financial modeling programs through online, in-house and classroom training sessions.
Students can develop their mastery and broaden their knowledge with the accredited and certified financial modeling courses in the Czech Republic in the following categories:
| Courses | Duration | Fees (For Online/In-House Training) |
| Financial Modelling and Petroleum Project Economics | 10 Days | 1,87,396.96 CZK |
| Financial Analysis, Modelling & Forecasting | 4 Days | 93,698.48 CZK |
| Financial Modelling in the Oil & Gas Industry | 4 Days | 93,698.48 CZK |
| The 10-Day Advanced Financial Modelling & Petroleum Project Economics | 10 Days | Available on Request for In-House Training |
| Renewable Energy, Project Financing & Financial Modelling | 5 Days | Available on Request for In-House Training |
| Financial Analysis, Modelling And Budgeting Masterclass | 10 Days | Available on Request for In-House Training |
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5. Blackbird for Training
Blackbird for Training offers financial modeling courses in the Czech Republic in the capital city of Prague.
- Financial Modelling
Course Objectives:
- Valuation of a company
- Forecasting future performance
- Budgeting and planning
- Sensitivity analysis
- Capital structure analysis
- Scenario analysis
- Risk management
- Investment analysis
2. Certificate in Advanced Financial Modeling
Course Objectives
- Prepare effective financial models using core modeling techniques
- Calculate valuations of projects and companies
- Develop financial models to support investment decisions
- Recognize best practices of modeling and valuation
3. Financial Modeling for Real Estate Course
Course Objectives
- Know financial modeling and valuation in real estate
- Construct real estate financial models
- Evaluate the financial viability of real estate projects
- Comprehend risk analysis and sensitivity testing in real estate modeling.
- Interpret financial statements and cash flows
- Enhance decision-making skills through scenario analysis.
Comparative Study of the Core Curricula:
| Days | Financial Modelling | Certificate in Advanced Financial Modeling | Financial Modeling for Real Estate Course |
| 1 | Overview of Financial Modelling/ Excel Fundamentals | Advanced Excel for Financial Modeling | Introduction to Real Estate Financial Modeling |
| 2 | Building Financial Statements/ Financial Statement Analysis | Fundamentals of Financial Modeling | Real Estate Investment Metrics and Valuation |
| 3 | Forecasting/ Valuation Techniques | Valuation Techniques | Real Estate Financial Statements and Projections |
| 4 | Capital Budgeting Techniques/ Risk Analysis | Building Real-Life Models | Financing and Risk Analysis in Real Estate Modeling |
| 5 | Advanced Excel/ Putting it All Together | Special Modeling and Valuation Considerations | Advanced Real Estate Modeling Techniques |
| Courses | Duration | Fees |
| Financial Modelling | 4 Days | 1,33,312.30 CZK |
| Certificate in Advanced Financial Modeling | 4 Days | 1,33,312.30 CZK |
| Financial Modeling for Real Estate Course | 4 Days | 1,33,312.30 CZK |
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6. Unichrone
The financial modeling courses in the Czech Republic by Unichrone prepare all candidates from various cities to grasp key topics like profit & loss and cash flow statements, balance sheets, economic forecasting, financial statement valuation, and scenario analysis.
The teaching experts help candidates develop strategies for constructing the latest tools and solving modern business problems that are simulated within the programs.
By bringing about personal and professional enhancements in analytical thinking, problem-solving and numeracy skills through practical assignments to make optimal data-driven decisions on financial analysis and future planning, Unichrone has become one of the most popular financial modeling institutes in the Czech Republic.
Financial Modeling Training in Czechia covers topics of:
- Financial statement analysis
- Forecasting and budgeting
- Valuation methods (DCF, multiples, etc.)
- Scenario analysis
- Sensitivity analysis
- Capital budgeting
- Mergers and acquisitions
- Corporate finance
Course Highlights
- Adheres to international standards
- Online classroom or group training in Czechia
- Highly qualified and accredited trainers with vast experience
- Study materials designed by subject matter specialists
- Mock tests for best possible learning
- Enrich with industry best practices
- End-to-end support via phone, mail, and chat
- Convenient weekday or weekend training schedule in Czechia
Offline classrooms are available in the cities of Brno, Budweis, Hradec Kralove, Liberec, Olomouc, Ostrava, Pardubice, Pilsen, Prague and Usti Nad Labem.
| Course | Duration | Fees |
| Financial Modelling Training | 1 Day | Not Available |
7. Wharton Online
The Business and Financial Modeling specialization by Wharton Online, one of the noteworthy financial modeling courses in the Czech Republic, is designed to impart financial modeling and valuation skills to make informed business decisions.
This online program features a Capstone project where participants work with datasets from Wharton Research Data Services, or WRDS, and apply their knowledge to real-world scenarios with feedback from Wharton data experts.
Course Objectives
- Predict future business needs
- Raise debt and/or equity
- Identify financial risks
- Ascertain corporate development opportunity
- Explore the quality of earnings and investments
- Determine the value of businesses
- Analyze mergers and acquisitions
- Raise capital
The financial modeling courses in the Czech Republic included in the Business and Financial Modeling Specialization
| Courses | Duration | Fees |
| Fundamentals of Quantitative Modeling | 4 weeks | 1,877.84 CZK |
| Introduction to Spreadsheets and Models | 4 weeks | 1,877.84 CZK |
| Modeling Risk and Realities | 4 weeks | 1,877.84 CZK |
| Decision-Making and Scenarios | 4 weeks | 1,877.84 CZK |
| Business and Financial Modeling Capstone | 4 weeks | 1,877.84 CZK |
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8. Finxl
Finxl offers financial modeling classes and valuation training globally with certification where learners obtain maximum practical exposure in creating financial models from scratch on any chosen international company.
Participants do not necessarily need any prior knowledge of finance, accounting and Excel, as the online training program covers the fundamental details of the same with live practical examples.
They build robust financial models on live listed, private and start-up companies with the filings and the latest available data. Hence, Finxl is one of the most intensive financial modeling institutes in the Czech Republic.
What makes this program different from most other financial modeling courses in the Czech Republic is that the core curriculum encompasses 90% of practical education with 10% theoretical instruction.
This means students get hands-on experience in forecasting profit & loss accounts, income statements, balance sheets, cash flow statements, statements of operations, debt schedules, debt revolver schedules, fixed asset schedules, equity schedules, revenue drivers, cost drivers, valuations like DCF, relative valuation and more.
Course Highlights
- Aligns with financial modeling best practices in the industry
- Certified program with job assistance
- 4 months of internship with an equity research firm
- Technical interview preparation by qualified investment bankers
- Opportunity to design five financial models of a chosen listed company
| Course | Duration | Fees |
| Financial Modeling Certification | 4 Months | 5,609.78 CZK |
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9. The Knowledge Academy
The financial modeling courses in the Czech Republic by The Knowledge Academy are:
- Financial Modelling Course
Students master advanced financial analysis, learn about complex financial scenarios through hands-on training and gain a competitive edge in the job market.
2. Financial Modelling And Forecasting Training
Learners understand how to collect and analyze historical data for financial information, forecast working capital and funding requirements and acquire necessary financial skills including financial modeling.
3. Real Estate Financial Modelling Training
Candidates receive a comprehensive know-how of real estate valuation techniques, comprehend financial modeling and attain skills in analyzing cash flows related to real estate assets.
Comparative Study of the Core Curricula:
| Modules | Financial Modelling Course | Financial Modelling and Forecasting Training | Real Estate Financial Modelling Training |
| 1 | Introduction to Financial Modelling | Financial Modelling Overview | Real Estate Finance |
| 2 | Valuation | Short Primer in the Accounting of Financial Statements | Real Estate Financial Modelling (REFM) |
| 3 | Excel | Financial Statement Modelling | Cap Rate and Net Operating Income (NOI) |
| 4 | Data Dashboard | Forecasting Performance | Internal Rate of Return (IRR) and Return on Sales (ROS) |
| 5 | Presentation | Business Valuation | Issues in Real Estate Modelling |
| 6 | Uses of Financial Modelling | – | – |
| Courses | Duration | Fees |
| Financial Modelling Course – Czech Republic | 1 Day | 29,996.89 CZK |
| Financial Modelling And Forecasting Training – Czech Republic | 1 Day | 29,996.89 CZK |
| Real Estate Financial Modelling Training – Czech Republic | 1 Day | 29,996.89 CZK |
10. Fitch Learning
The financial modeling courses in the Czech Republic by Fitch Learning are:
1. Fundamentals of Financial Modeling
This session teaches executives to form well-structured financial models with the effective usage of Excel. It ensures that learners have the knowledge and skills required to harness Excel’s tools and functionality accurately.
These skills are then applied according to the best practices of modeling standards to create the modules of a 3-statement model and abridged cash flow model.
Key Learning Outcomes:
- Demonstrate fast and efficient Excel skills
- Construct functional financial modeling applications
- Apply efficient financial forecasting modeling techniques
- Create a basic 3-statement financial model
2. Best Practice Financial Modeling
During the next program, delegates develop best practice approaches to designing fully flexible and auditable forecast financial models for financial analysis and structuring, including in-depth analysis of key modeling areas such as forecasting, revenue, operating costs, debt, and other components.
Key Learning Outcomes:
- Exhibit accurate and effective Excel skills for modeling
- Design practical financial modeling applications
- Create a professional 3-statement financial model
- Know the best practice modeling techniques
- Understanding the sensitivity of key drivers
- Be aware of complex revenue and cost modeling in different industries
- Perform scenario analysis
| Courses | Duration | Fees |
| Fundamentals of Financial Modeling | 1 Day | Not Available |
| Best Practice Financial Modeling | 2 Days | Not Available |
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Frequently Asked Questions
1. Who can enrol in the financial modeling institutes in the Czech Republic?
A: Typically there is no prerequisite for enrolling in the financial modeling programs. Any individual working in the finance sector or interested in the financial domain can register.
2. Is prior knowledge of Microsoft Excel required?
A: Having prior knowledge of MS Excel has its advantages, but most curricula of the financial modeling courses in the Czech Republic are beginner-friendly and cover the essential topics of basic and advanced Excel.
3. Are the program schedules of the financial modeling institutes in the Czech Republic suitable for working individuals?
A: Yes. Most financial modeling institutes in the Czech Republic offer flexibility in days and timings with various modes of learning methods including online, classroom and in-house training, making the courses suitable for working professionals.
Conclusion
Any business is a combination of sales, purchase, marketing, profit and loss, logistics, finance, accounting etc. A good knowledge of economic analysis, prediction and forecasting of upcoming events, along with an ability to make data-driven informed decisions based on the available data sets is the indispensable feature of a successful industry leader.
A career in finance puts forward some of the highest-paying jobs globally. If you are contemplating working in the financial discipline, enrolling in any one of these financial modeling institutes in the Czech Republic and acquiring a degree or certificate with practical expertise is a must. The future in finance is promising with lucrative job opportunities and you can expect financial modeling training to be one of the key game changers in your finance career.
