Top 6 Financial Modeling Courses In Toronto With Excel Training
The city of Toronto is a financial and industrial hub. Being Canada’s banking and stock exchange center, there are plenty of opportunities for the appropriate candidate. Since it is considered one of the largest financial centers in the world, a professional who takes the Financial Modeling Courses in Toronto stands out from their peers.
What is Financial Modeling?
Financial modeling is a process that forecasts the impact of a company’s future events or decisions using spreadsheets. A model like this is a mathematical representation of the essential aspects that influence a corporation. The goal is to forecast how future events may impact a company’s performance and financial status.
Models like this are typically built on electronic spreadsheets using summary-level revenues and expenses and formulas that alter outcomes when certain variables are changed. For example, rising energy prices, lower product prices, a product recall, a change in sales growth rate, or a successful employee strike that results in higher compensation and benefit expenditures can be forecasted using variables.
Why is Financial Modeling Important?
The purpose of financial modeling emerges primarily from its ability to help firms make better financial decisions. Companies typically use it for future planning. Financial modeling facilitates scenario planning by evaluating the impact of crucial components, allowing a company to understand what to do in many different scenarios.
It is a more comprehensive and in-depth grasp of business. Organizations that build financial models gain a deeper understanding of their businesses and the factors that influence their competition and can handle unexpected situations more effectively. It provides a regular review of performance.
Reviewing performance can also help to seek feedback on business operations. Some advanced financial models help organizations make operational modifications based on variance analysis to increase the value effect. It helps in determining finance requirements and strategies.
Financial models allow data mining to determine the extent of the cash flow position after paying interest and debt payback. It enables the company to decide if and to what point it can incur debt and, as well, obtain a sufficient amount of equity financing.
These are the top ten financial modeling skills needed to be a world-class financial analyst. Financial modeling is the skill of creating a dynamic tool (such as an Excel model) that allows users to analyze investment opportunities, mergers, and acquisitions (M&A), capital raising, or a company’s past or projected financial performance.
The following are the most important financial modeling skills:
Accounting skills are the first and most important skill to develop if you want to achieve success in this career field. Accounting foundations should be clear to you, and you should be familiar with the relevant financial accounts to identify any discrepancies and make any modifications.
2. Excel proficiency
Financial modeling requires advanced Excel skills. Developing models might be more of an art than a science sometimes. To save time and build models as fast as possible, you’ll need to master all the essential keyboard shortcuts. You’ll also need to be familiar with many basic formulae and functions involved in calculations and financial analysis. And the more you know Excel, the more efficient your results will be.
Making forecasts based on data that you may have acquired and analyzed is also part of your work as a financial modeler. You must be able to forecast based on the company’s history and current data after making the required assumptions. It also entails considering qualitative elements like the management team and culture, which could influence the outcome.
Being solution-oriented is another crucial skill to add to your arsenal. To excel in this field, you must have a problem-solving approach. When it comes to problem-solving, you must learn to think logically and organize your thoughts. It is essential to consider the flow of content in your presentation to ensure that it is easily understood.
As a financial modeler, you must deliver a simple and easy-to-understand picture to your superiors after analyzing complex data sets that may not make much sense to many in their raw form. The simplicity of complex information is also a vital skill for success in this field.
6. Attention to Details
You really can not succeed unless you develop this skill. Detailing is one of the essential skill sets you need to have if your role requires you to do complex analysis. You must be conscious of every aspect that may impact the final result and how it alters the equation.
It is a no-brainer; as a financial modeler, you will have to analyze large amounts of data, which is essential to the organization. It thus needs exceptional analytical abilities.
8. Financial Statement Linking
It is also a necessary skill for a job in financial modeling. All relevant financial statements, such as the balance sheet, income report, and cash flow statement, must be processed. While doing your research, you must be able to link the dots between these three elements.
9. Strategic Planning
You must be a strategic thinker to make more accurate predictions based on your research using the company’s financial data. It is not required, but it will help you climb the ladder faster.
10. Presentation Skills
Your job as a financial modeler involves more than just acquiring and analyzing data. You are also in charge of simplifying complex material and presenting it in a way that is easy to understand and retain.
Recommended Read: Online Financial Modeling Courses
About the Financial Modeling Courses in Toronto
The scope of financial modeling is expanding more than ever as many businesses rely on well-structured models to forecast their financial futures. You can get skills by taking Financial Modeling Courses in Toronto, which will give you a thorough understanding of the market and how the models operate.
Choosing Financial Modeling Courses in Toronto is advantageous since it allows you to differentiate yourself from the competition by giving relevant and accurate information about the industry. Financial modeling services are data-driven; they assist businesses in successfully solving problems and making sense of data, allowing them to make better decisions.
Financial modeling professionals can work for various companies, including research organizations, banks, financial institutions, credit rating agencies, and insurance companies. Because data plays a significant role in today’s capitalist world, most organizations have openings for financial modeling professionals.
If you work in finance or a similar field, understanding financial modeling will broaden your skills and improve your career opportunities. Given the increased demand for financial modeling professionals, employers prefer to hire people who have financial modeling skills over those who don’t. Financial modeling skills are needed if you want to work in commercial finance, corporate finance, real estate, equity research, investment banking, or venture capital.
The Top 6 Financial Modeling Courses in Toronto
Although multiple institutes provide various financial modeling courses in Toronto, it is essential to choose one of them wisely. The following is a list of six financial modeling courses in Toronto.
1. IIM SKILLS
IIM SKILLS is one of the world’s top online education service providers. They have a presence in 23 Asian cities, including Dubai and Singapore. IIM SKILLS provides skill development courses to help working professionals, students, and entrepreneurs who want to advance their careers through a career-oriented program.
Since 2015, they have trained over 15,000+ individuals from 35+ countries through their successful programs. They offer career courses on professional skills such as content writing, technical writing, digital marketing, business accounting and taxation, financial modeling, and many more.
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: 656.36 Canadian Dollars + GST
The Financial Modeling Course Module
- Basic and advanced excel
- Accounting concepts and financial statements
- Ratios/KPI Analysis
- Basics of financial modeling
- Different types of finance models
- Business valuation
IIM SKILLS provides lifetime access to the course via the Learning Management System (LMS) along with lifetime support. The course includes 50+ hours of lectures, 100+ hours of practical assignments, 5+ case studies, internship opportunities, and 100% placement assistance. You will also receive a certificate after completing the course and examination.
- Digital Marketing Course
- SEO Course
- Technical Writing Course
- GST Course
- Content Writing Course
- Business Accounting And Taxation Course
- CAT Coaching
Contact: +919580740740, [email protected]
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2. Knowledge Hut
Knowledge Hut is a leading training institute that helps individuals from many industries advance their knowledge and bridge skill gaps to get recognition and success in the global corporate world. It aims to provide high-value training through innovative and practical methods. It offers a wide range of services in training, learning, and development related to technology and management.
The course teaches individuals essential financial modeling techniques. Their expert-led training teaches you how to use and analyze models in Excel. Get hands-on experience with advanced Excel tools and approaches for manipulating vast databases of financial data.
The Financial Modeling Course Module
- Module 1: Accounting Bootcamp
- Module 2: Financial Structure and Accounting
- Module 3: Extra Excel Applications
The course includes 24 hours of live instructor-led training by recognized industry experts, practical exercises for better retention of concepts, tips & techniques to build robust financial models, mastering excel techniques with hands-on training, and a course completion certificate from KnowledgeHut.
Course Name: Financial Modeling with Excel
Recommended Read: Online Online Business Accounting and Taxation Courses
3. Corporate Finance Institute (CFI)
CFI is the world’s largest and most well-known financial training, certification, and skill development platform, established in 2016. CFI offers the leading resources for finance professionals globally, including certification, productivity tools, and online training for financial modeling, valuation, securities, cryptocurrencies, capital markets, data science, lending, business intelligence, and more.
The Financial Modeling & Valuation Analyst Certification Program will teach you the fundamental skills required to perform practical financial analysis. The FMVA certification provides the necessary skills, tools, and strategies to become a world-class financial expert.
How Does the FMVA Course Work?
Step 1: Prep Courses Optional
Take seven optional prep courses to learn or review the basics of the program.
Step 2: Core Courses
Complete eleven core courses to establish a solid understanding of financial modeling and valuation.
Step 3: Elective Courses
Choose any3 options available out of 12 to learn more advanced topics and specialized subjects.
Step 4: Final Exam
After completing the required courses, you must pass the FMVA final exam (with a minimum passing mark of 70%) to get program certification.
The course includes all 30 FMVA courses, certification, financial models and templates library; quizzes; assignments; and tests; Excel, PP, and PDF files; and a digital blockchain verified certificate.
Course Name: Financial Modeling & Valuation Analyst
Course Fee: Self-Study $497/year and Full Immersion
Recommended Read: Financial Modeling Courses in Singapore
Pivatol180 has been associated with Ivy League universities in the United States, taught in the Middle East, Africa, Asia, Europe, and Australia, and worked in-house at Goldman Sachs and GE Capital. Learn from industry experts and Ivy League professors in a public session, on-site at your workplace or university, online, or through collaborative learning, which combines online and in-person events.
This course will connect the gap between theory and reality. Using cap tables, you can determine the impact of leverage and equity dilution caused by multiple capital raises.
The Financial Modeling Course Module
- An Introduction to Financial Modeling
- Historical data and forecasting
- Working capital
- Capital structure and investment decisions
- Core Outputs
- Sensitivity and business optimization
- Modeling quality checks and maintenance
The course includes 12 months of online access to their material with concept videos with transcriptions, lecture slides, and downloadable spreadsheet examples, a comprehensive step-by-step model walkthrough, access to discussion boards for ongoing queries, membership to the Pivotal180 alumni network, and a certificate of completion of the course.
Course Name: Business Financial Modeling
Recommended Read: Financial Modeling Courses in Dubai
5. EY Virtual Academy
EY professionals, industry experts, and top professors offer a variety of business-driven e-learning programs to improve workforce skills. High-value content in various areas of finance and accounting, analytics and business tools, process and complaint management, and much more is available through a flexible, on-the-go worldwide e-learning platform, helping individuals develop cross-functional skills.
Candidates will learn to create efficient, reliable, and versatile financial models to report and examine historical data, make future predictions, and present complete financial statements, key financial ratios, and outputs in an organized, simplified, and effective manner.
- Best practices
- Structuring and designing models
- Sector-specific working of revenue and expense
- Understanding the different possible methods of calculating various line items in financial statements
- Tax calculation
- Integrating financial statements to present a cohesive report
- building macros
- The various approaches to valuation and how to apply them
- Presentation of results in an appealing and meaningful manner
The course includes 36+ hours of learning videos, presentations, online assessments, certificates of completion, query support through email, and six months of LMS access.
Course Name: Certificate in Financial Modelling and Valuation
Course Fee: ₹10,000.00 (plus taxes)
6. Marquee Group
Marquee has trained thousands of professionals worldwide in financial institutions, corporations, professional organizations, and universities since 2002. They aim to ensure that everyone who prepares Financial models has the knowledge and ability to do so efficiently.
This hands-on course focuses on the skills necessary to design and develop an interactive financial model of a business that meets the highest industry requirements.
- Model design
- Financial concepts
- Accounting treatment
Marquee offers the course in two convenient formats: via a webinar or a self-directed online course. Their webinar experience is similar to in-person sessions, which focus on interaction. Discussions, work activities, and access to instructors are all incorporated into the sessions. The self-study course contains the same excellent content in a self-directed format: 55 expert videos, 7+ hours of interactive content, and practice assignments with a complete answer sheet.
Course Name: Building a Financial Model (of a Company)
Course Duration: 8–12 hours, depending on the amount of material to be covered
Frequently Asked Questions
Q1. What are the criteria for enrolling in Financial Modeling courses in Toronto?
The eligibility criteria for financial modeling courses in Toronto differ depending on the institute offering the course. However, there are no precise criteria for pursuing financial modeling; therefore, candidates must have a basic understanding of economics and finance.
Q2. What are the career options after completing the Financial Modeling Courses in Toronto?
Financial modeling is one of the essential and well-paid jobs in the country. People with degrees can work as investment banking analysts or associates, equity research analysts, financial analysts, managers, and directors in various financial organizations.
Q3. Is it worth taking Financial Modeling Courses in Toronto?
Financial modeling courses in Toronto so you will get valuable industry-standard training and guidance. Financial modeling skills are necessary for practically every corporate finance job, so if you know how to perform them, you’ll have plenty of opportunities. It enhances the performance of a fast-paced, financially, and professionally successful career path.
Financial modeling purposes are diverse and extensive because models are in a wide range of decision-making processes, including mergers, acquisitions, capital collection, internal planning, budgeting projections, investments, and assessments, among other things.
Professionals in corporate markets, investment banking, company development, stock research, and financial planning and analysis are responsible for the task. The demand to create models and statements is becoming increasingly important as people move toward a digital world. Numerous options and opportunities will emerge once you complete the financial modeling course. If you want to master the skills to become an expert, take financial modeling courses in Toronto. They will help you broaden your horizons.