Top 10 Financial Modeling Courses on Coursera
India has been recognized as one of the top fastest-growing startup countries in the world. In this scenario, in the small business sector, startup founders are gaining huge momentum. There is a surge in the demand for trained professionals, who can manage, plan and execute the growth of such new ventures. This is where lies the importance of financial modeling. It helps in planning different pricing models, setting the capital, and accordingly arranging meetings with the investors. Gauging the rising importance, we share with you the list of top 10 financial modeling courses on Coursera.
What is Financial Modelling?
Financial modeling is the process of predicting a project’s or business’s financial performance by considering all important aspects, including growth and risk assumptions, and evaluating their influence. It allows the user to quickly learn all of the aspects that go into financial forecasting.
Benefits of Financial Modelling
Financial modeling is becoming increasingly valuable in the banking business due to several reasons –
- Financial modeling is an important tool for cost-effectively estimating company ideas and risks.
- The process of creating a visually appealing portrayal of a company’s financial position is known as financial modeling.
- Financial models are mathematical concepts that are used to reflect a company’s economic performance.
Career Opportunities –
After successful completion of the course, you become eligible for all the following courses –
- Financial Analyst
- Financial Manager
- Business Analyst
- Market Research Analyst
- Associate Analyst
- Equity Analyst
Why Coursera?
Coursera is a leading online, educational startup, that in collaboration with more than 200 top universities and companies, imparts professional courses to individuals as well as organizations. These inexpensive, flexible, and in-demand courses range from certificates to degree degrees.
Coursera offers several customized Financial Modeling courses on Coursera. Each of these courses is conducted in collaboration with different universities and has different course duration, different languages, and many other criteria. The candidate can choose anyone, depending upon his/her requirement and feasibility.
You may also be wondering Can I Learn Financial Modeling on My Own
Let’s Focus on the Top 10 Financial Modeling Courses on Coursera –
1. Business and Financial Modelling Specialisation
Course Details:
The Business and Financial Modelling Specialization at Wharton is designed to help you in making sound business and financial decisions. These introductory courses will teach you how to use spreadsheet models, modeling techniques, and popular applications for investment analysis, company valuation, forecasting, and more.
Course Duration – Approximately 6 months
Skills you Learn :
- Financial Modelling
- Microsoft Excel
- Simulation
- Linear Programming (LP)
- Modeling
- Linear Regression
- Probabilistic Models
- Regression Analysis
- Monte Carlo method
- Solver
- Risk
- Cash Flow
Course Modules:
- Fundamentals of Quantitative Modelling
- Introduction to Spreadsheets and Models
- Modeling Risk and Realities
- Decision-Making and Scenarios
- Wharton Business and Financial Modelling Capstone
Mode: Online
Certificate: Shareable certificate on course completion
2. Finance and Quantitative Modeling for Analysts Specialisation
Course Details:
The second course to feature on our list of top 10 financial modeling courses on Coursera is Finance and Quantitative Modelling for Analysts Specialisation. This specialization will prepare a learner for a career in the fast-paced world of data and business research, as well as a better technical understanding of finance and quantitative modeling. You’ll learn how to use spreadsheets as a strong, accessible data analysis tool, starting with the principles of quantitative modeling.
Course Duration: Approximately 4 months
Skills You Learn:
- Financial Modelling
- Corporate Finance
- Microsoft Excel
- Modeling
- Linear Regression
- Probabilistic Models
- Analysis
- Monte Carlo method
- Linear Programming (LP)
- Solver
- Discounted Cash Flow
Course Modules:
- Fundamentals of Quantitative Modelling
- Introduction to Spreadsheets and Models
- Financial Acumen for Non-Financial Managers
- Introduction to Corporate Finance
Mode: Online
Certificate: Shareable certificate on course completion
Here is a Complete Guide to DCF Financial Modeling
3. Wharton Business and Financial Modelling Capstone
Course Details:
You will be recommended a business plan based on a data model you have created in this Capstone. You’ll use a data set created by Wharton Research Data Services (WRDS) to create quantitative models in spreadsheets to determine the best chances for success while reducing risk.
You will structure a decision and convey this plan of action in a professional PowerPoint presentation that contains both data and data analysis from your quantitative models, using your newly gained decision-making abilities. This hands-on approach to the course makes it feature on the list of top 10 financial modeling courses on Coursera.
Course Duration: Approximately 13 hours
Skills you Learn:
- Summary statistics
- Financial Modelling
- Diversification ( Finance)
- Investment
Course Modules :
- Getting Started
- Steps 1 and 2: Yahoo Finance
- On the efficient frontier, constructing an optimal risky portfolio
- Optional Exercise using CAPM tables
Mode: Online
Certificate: Shareable certificate on course completion
4. Advanced Valuation and Strategy – M&A, Private Equity, and Venture Capital
Course Details:
This course is beneficial to executives who must value entire strategies as well as other students interested in corporate finance and strategy. They’ll change the way you make decisions by combining static corporate finance procedures with dynamic methods to quantify strategic thinking. Their approach goes much beyond traditional valuation analyses.
The enlarged NPV, which combines DCF, real options, and game theory, is introduced. Managers can resolve strategic questions by thinking about options, games, and adaptive methods. Such unique aspects make this course feature in our top 10 financial modeling courses on Coursera.
Course Duration: Approximately 16 hours
Skills you Learn:
- Corporate valuation
- Strategic management
- Growth option value
- Corporate real options
- Game theory
Course Modules:
- Executive Summary
- Discounted Cash Flow Analysis
- Corporate Strategy
- Corporate Real Options
- Option Games
Mode: Online
Certificate: Shareable certificate on course completion
5. Excel Modelling for Professionals: Best Practices & Pitfalls
Course Details:
This course is designed for people who are already familiar with Excel. The goal of the training is to improve the clarity, longevity, and transferability of Excel models, as well as to eliminate errors and encourage uniformity in enterprises using Excel. Learners will be able to decide whether or not to utilize Excel to address their problems after taking this Excel course.
They’ll learn how to build up solid input data, format it correctly, and the value of thorough documentation. Learners will be able to distinguish between various functions, grasp the hazards and strengths of commonly used functions, and apply the appropriate functions to their Excel models.
Course Duration: Approximately 17 hours
Skills you Learn:
- Financial Modelling
- Microsoft Excel
- Excel Modelling
Course Modules:
- A Foundation for Better Spreadsheets
- Good Use of Formulas and Functions
- Spreadsheet Structure and Logical Flow
- Finishing Touches
Mode: Online
Certificate: Shareable certificate on course completion
Recommended Read: Financial Modeling Courses in India
6. Finance Analysis and Modelling MasterTrack Certificate
Course Details:
The next course that features in our list of top 10 financial modeling courses on Coursera is Finance Analysis and Modelling MasterTrack Certificate. This Mastertrack is designed for the future-oriented professional and will provide you with the tools and frameworks you need to become financially literate and successfully use data to produce insights and make decisions. You could be an IT specialist, marketing, or healthcare worker looking to improve your financial and data literacy to better comprehend a key component of any business.
Course Duration: Approximately 4 months
Skills you Learn:
- Financial Management
- Data Analysis
- Financial Literacy
- Data Literacy
- Data Models
- Data Processing
- Employee Management
- Market Insights
Course Modules:
- Know Your numbers 1
- Know Your Numbers 2
- Understand, Analyse and Generate Insights
- Theories and Techniques to Understand your Customers
Mode: Online
Certificate: Shareable certificate on course completion
7. Optimisation Methods in Asset Management
Course Details:
This course focuses on portfolio construction and risk management using optimization approaches. The first module covers portfolio development in an arbitrage-free environment using Mean-Variance Analysis and the Capital Asset Pricing Model (CAPM). The security market line and the shape ideal portfolio are then demonstrated in the exercises.
The second lesson discusses the challenges of implementing Mean-Variance approaches in a real-world situation and possible solutions. They will discuss risk assessments such as Value at Risk (VaR) and Conditional Value at Risk (CVaR), as well as Exchange Traded Funds (ETFs), which are significant in trading and asset management.
To attain better outcomes when performing genuine statistical estimates, common statistical biases, hazards, and their underlying causes are also highlighted. The third session focuses on simulating real-world transaction costs. It covers the fundamental market microstructures, such as the order book, bid-ask spread, liquidity measurement, and their impact on transaction costs. Then they add transaction costs to Mean-Variance portfolio methods to improve them.
Course Duration: Approximately 14 hours
Skills you Learn:
- Capital Asset Pricing Model (CAPM)
- Risk Measurements
- Value at Risk (VaR)
- Exchanged Traded Funds (ETFs)
- Transaction costs-modeling
Course Modules:
- Course Overview
- Mean-Variance Analysis and CAPM
- Assignment Week
- Practical Issues in Implementing Mean Variance
- Assignment Week
Mode: Online
Certificate: Shareable certificate on course completion
Also Read: Financial Modeling Tools
8. Mastering Data Analysis in Excel
Course Details:
This course will teach you how to create and deploy data-driven predictive models. In the Final Project (module 6), you’ll play the part of a bank’s business data analyst and create two alternative predictive models to determine which credit card applications should be allowed and which should be refused.
Your first model will be focused on reducing default risk, while your second will be focused on increasing bank profits. The two models should show you how your choice of business metric influences your choice of optimal model in a practical, hands-on approach.
The second major concept that this course aims to convey is that your data-analysis results cannot and should not be aimed at eliminating all uncertainty. As a data analyst, your job is to minimize uncertainty for decision-makers by a monetary increment while measuring how much uncertainty still exists.
You’ll learn how to compute and apply the most common uncertainty metrics in business, such as classification error rates, the entropy of information, and confidence intervals for linear regression, to real-world scenarios. Such a detailed and comprehensive approach makes this course one of the top 10 financial modeling courses on Coursera.
Skills you Learn:
- Binary Classification
- Data Analysis
- Microsoft Excel
- Linear Regression
Course Modules:
- About the course
- Excel Essentials for Beginners
- Binary Classification
- Information Measures
- Linear Regression
- Additional Skills for Model Building
- Final Course Project
Mode: Online
Certificate: Shareable certificate on course completion
9. Decision Making and Scenarios
Course Details:
This course will teach you how to turn data into better business decisions by using quantitative models. You’ll learn how to use models to make decision-making easier as well as how to structure decision-making to achieve the best results. Two of Wharton’s most renowned professors will show you how to model common business and financial scenarios step by step, allowing you to greatly enhance your ability to organize difficult problems and extract meaningful insights regarding alternatives.
Using the decision-making tools and processes you acquired in this course, you may identify the optimal answer for your organization or enterprise once you’ve constructed models of actual realities, potential hazards, and alternative scenarios.
Skills you Learn:
- Cash Flow
- Financial Statement
- Balance Sheet
- Investment
Course Modules:
- Evaluation Criteria – Net Present Value
- Evaluating Projects
- Expressing Business Strategies in Financial Terms
- New Product Value
Mode: Online
Certificate: Shareable certificate on course completion
Recommended Read: Financial Modeling Courses in Delhi
10. Digital Business Models
Course Details:
The final course to feature on our list of top 10 financial modeling courses on Coursera is Digital Business Models. This course will look at the business models of western software disruptors like Apple, Google, Facebook, and Amazon, as well as eastern software disruptors like Xiaomi and WeChat.
Students will learn how to analyze business models using a structured framework with multiple examples that they can apply to their organization or case study. You will look at how software engineers are not just innovators, but also decision-makers in today’s competitive fights, ranging from mobile to cloud, consumer goods to business software. They’ll also show how developers power digital business models with examples from a variety of industries, including healthcare and aviation.
Skills you Learn:
- Digital Strategy
- Business Model
- Business Modelling
- Value Proposition
Course Modules:
- Introduction to Digital Business Models
- How Internet companies use digital business models
- Developers as the new Decision Makers
- Developers as the Engine of Digital Business Models
- Build your own Digital Business Models
Mode: Online
Certificate: Shareable certificate on course completion
FAQ
Q1. How can I know if financial modeling is the best course for me?
If you have a great knowledge of the financial processes employed by firms and a desire to learn how these companies may operate more efficiently with correct data and analysis, you might be interested in mastering financial modeling. You may have an underlying ambition to work in the financial industry, whether on Wall Street or Main Street if you’ve often read firm financial statements and watched business news on the internet. Investment analysts, statistical analysts, data analysts in trading, quantitative analysts and traders (quants), and financial engineers are all examples of advanced financial modeling specialists. Using your accounting and analytical knowledge, skills and experience regarding financial modeming you could choose the exact kind of career roles you want to pursue.
Q2. What is the expected salary of an employee who has completed one of these courses of top 10 financial modeling courses on Coursera in India?
Employees who know Financial Modelling in India, earn an average of 22 lakhs per year, with most salaries ranging from 8 lakhs to 50 lakhs per year. The top 10% of employees make more than £33,000 each year.
Q3. What are the eligibility criteria for pursuing one of the top 10 financial modeling courses on Coursera?
Candidates who want to pursue Financial Modelling as soon as they finish their 10+2 have several possibilities. There are a variety of higher education institutes to choose from. The following are some key features of the admissions process.
- The student must have finished their 10+2 with Accounting, Finance, and Mathematics as major courses from a recognized Indian board.
- Candidates must pass their 10+2 examination with a minimum score of 40%.
- Each college has its cutoff percentage; to be admitted to their selected universities, applicants must achieve at least 50% on their 10+2 exams.
Q4. Who are the folks who are best fit for financial modeling jobs?
People who enjoy working with numbers, evaluating data, figuring out theories, and presenting findings to senior teams are the greatest candidates for financial modeling jobs. Possessing an optimistic attitude, being a self-learner and self-starter, and demonstrating adaptability to overcome hurdles are all prevalent traits of this sort of person. These characteristics are common among those who work in investment banking, equities research, corporate development, and real estate investments as financial modeling professionals.
Conclusion
When it comes to Financial Modeling, Coursera offers – regular courses, guided projects, specialization courses, and certification courses. These courses are conducted In collaboration with, some of the best universities like – the University of Pennsylvania, Erasmus University Rotterdam, and Macquarie University – thereby ensuring the top-notch quality of education. The facilitators have years of industry experience and are also associated with years of teaching and training. Depending upon your level – basic, intermediate, advanced you can take any of the courses, and your career. I hope this article helps you to select one of the top 10 financial modeling courses on Coursera and benefits you to chart forward professionally.
