Top 6 Financial Modeling Programs In India With Placements

The rise of technological advancements has been seen in pretty much every field, be it science or medicine, or education, especially since Covid. Technology is also advancing in the field of Finance, as new models are being made that can compare two peer products or businesses, and suggest any changes required, the need for people with adequate knowledge is increasing. As such Financial Modeling Programs in India have become one of the most sought-after courses for Finance. Looking to expand your career or just interested in financial modeling? Read on to find some of the top Financial Modeling Programs in India.   

Financial Modeling: A Definition

Financial models are used by organizations to help predict the financial performance of the year or a project or a business. Every relevant aspect is taken into account for creating this model – growth and risk assumptions, the company’s previous performances, and assumptions about the future. This, in turn, requires collecting large amounts of data such as income statements, balance sheets, supporting schedules, and cash flow statements. The overall process of creating a spreadsheet which is a financial model is called financial modeling. 

Let’s Look Deeper

Before we jump to the top institutes offering Financial Modeling Programs in India, let’s see what financial modeling is all about. For an organization, financial models are used as decision-making tools, since these represent the company’s past, present, and predicted future. Since these models can be made from scratch or data just be added to an existing model, these are pretty flexible models. It is also possible to work on individual parts of data, like adding new data without adversely affecting the entire model. These models can be used in different fields for different purposes. For example:

• Financial models can be used in the investment banking industry to forecast the future financial performance of the organization by making predictions on how a project or the company as a whole would perform shortly.
• Financial models are used by financial analysts to expect any impact of events on a product value or company stock. This can include various factors to be taken into consideration from internal factors like a change of business or strategy to external factors like a change in any economic policy or rule.  
• Financial models can also be used to compare the value of a business with a peer organization. 
• They can also be used to test out various scenarios to come up with the best possible strategic plan, calculate the cost of new projects, decide on the budgets, and allocate the proper resources. 

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Types of Financial Modeling 

There are majorly 10 types of financial models you need to know:

• Three-statement model – As the name suggests, the three statements – income statement, cash flow, and balance sheet, are all linked with the Excel formulas. This is one of the basic processes of financial modeling and can be used to project a business’s performance over some time. The model uses data about operations, like revenue growth, net profit margin, and operating margin.
•  Discounted Cash Flow (DCF) Model – The DCF model can be built on the three-statement model to project an organization based on the Net Present Value (NPV) of the business’s cash flow. This cash flow may be levered or unleveled. The DCF model shows a company’s enterprise value and equity value and shows if the company’s current market value is underpriced or overpriced.
• Sum of the Parts Model – This model takes multiple DCF models and combines them into one projection. Any data that was not taken into consideration for DCF can be added to this model, for example, marketable securities, which are values based on the market. The sum of the parts model can be used to derive the Net Asset Value (NAV) for the company. 
• Consolidation Model – Similar to the sum of the parts model, the consolidation model sums up each business unit to create a single model consolidating every business unit.
• Budget Model – This model is used in financial planning and analysis to predict the budget for future years. These can be designed based on the company’s financial calendar, whether it be monthly or quarterly figures, focusing on the income statement. 
• Forecasting Model – This model is also used in financial planning and analysis, to help in comparing different future projects with the present budget estimations. This can be combined with the budget model or as a separate model.
• Option Pricing Model – This model is purely based on mathematical formulas and can be straightforwardly used in Excel. They can be represented by binomial trees and the Black-Scholes model.
• Merger Model – This is an advanced model that is used to evaluate the pro forma accretion/ dilution of a merger. This can be stored in one Excel tab, where the consolidation of two companies gives rise to the merger values. This model is vastly used in investment banking and corporate development fields. 
• Initial Public Offering (IPO) Model – This model is used for comparing peer company analysis to assume how much investors would be willing to pay for the business’s potential stock. This is again vastly used in investment banking and corporate institutes.
• Leveraged Buyout (LBO) Model – This model is the most detailed and complex of all financial models, as many layers of financing create circular references and require cash flow waterfalls, and this data keeps building as per the business’s projected performance. This is mostly used by private equity and investment banking. 

What is the use of Doing Financial Modeling Programs in India?

Financial models are seen as decision-making tools and are used to create a model that shows the best possible inputs and outputs in terms of increasing capital and growing the business. With the advancement in technology, techniques in the financial industry are also developing. Hence, the need for a person well-versed in financial modeling concepts arises in India. The benefits of doing a financial model are: 

• In-depth understanding of the business – You get an in-depth understanding of the business while creating the financial model, as many elements of business are taken into consideration. It also makes people think about possible changes to be made both internally and externally to grow the business or to prevent any possible losses. Therefore, companies with a strong financial model are considered to be more diligent. 
• Minimize Risk – The more you know about the business and the more diligent it makes the business by giving insights into the changes needed to be made or activities to be included, the fewer risk factor arises.  
• The right value of the business – Financial models help companies to know their true value in the market. More than any linear models, complex financial models can approximately give the exact numbers – cash flow, selling out values, etc. and these make it increase the chance of investment from prospective investors. 
• Funding strategy – Knowing where the maximum income is coming from is a great thing in a business. This cash flow knowledge helps you to better plan and distribute the funds. Financial models can also help in deciding how much money they can invest in a particular unit or business. Hence, companies can ascertain the amount of equity stake that they can sell to reach the next milestone. 
• Performance review – For the financial model to be able to help in deciding budgets and forecasts, it needs to work out the variance analysis by comparing different budgets with the actual business results. Hence, this review is done periodically to get the best possible feedback on business operations and its products.

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What Are the Eligibility Criteria for Applying to Financial Modeling Programs in India?

For UG courses in financial modeling, candidates need to have a 10+2 education with a minimum grade of 40-50%, although this can vary with different universities/institutes. 

For PG courses in financial modeling, candidates need to have a bachelor’s degree from a recognized board/ university.

Job Opportunities After Doing Financial Modeling Programs in India.

Graduates can find jobs in/ as:

• Investment banking
• Credit Analyst
• Equity research analyst
• Corporate finance
• Financial planning and analysis
• Financial analyst
• Stock market and personal finance
• Insurance companies
• Financial projects
• Stock and business projects

Top Institutes That Provide Financial Modeling Programs in India

Several institutes offer good curricula in financial modeling. Some of the few are listed below: 

1. IIM SKILLS

First on the list of top institutes that provide Financial Modeling Programs in India is IIM SKILLS. Since its establishment in 2015, IIM SKILLS has come a long way as it continues to grow as one of the world’s fastest-growing education and technology, companies. They provide an Online Financial Modeling course with a Master’s Certification. This is a 3 months live class and 2 months guaranteed internship. The course curriculum includes:

• Module 1 – Basic and Advanced Excel (8-10 hours) – this module covers everything from an introduction to MS Excel and understanding the ribbon, keyboard shortcuts, functions like Vlookup, Hlookup, index, match, etc., and their combination among themselves to rules conditional formatting, data validation, sorting and filters, data presentation through charts to Sparklines, dynamic dashboards, time value functions like PMT, PV, FV, NPER, RATE, sensitivity analysis, among so many other things.

• Module 2 – Accounting Concepts and Financial Statements (5-7 hours) – This module explains everything from key accounting fundamental concepts including Accrual vs Cash reporting, double entry bookkeeping, the law of prudence, matching principle, etc., to understanding income statements, balance sheets and concepts of key line items that is revenue, direct costs, operating costs, etc., to the concept of comprehensive income, the relevance of notes, etc.

• Module 3 – Ratio/ KPI Analysis (4-6 hours) – this module takes you through the different types of ratios, each of which gives an in-depth description of the different types of ratios. This module also explains about DuPont formula, basic EPS, diluted EPS, and preparation of financial summary.

• Module 4 – Technicals of Financial Modeling (4 hours) – This module explains various concepts from creating scenarios using different methods including index, choose, choose, scenario manager, etc., to building revenue and cost drivers, to key formatting tips.

• Module 5 – Different types of Financial Models (12-15 hours) – This module takes you through various models including the 3-statement projection model, LBO model, M&A model, Private equity return model, and 13-week cash flow model.

• Module 6 – Business Validation (7-9 hours) – This module explains the concepts of relative valuation, DCF valuation, NAV approach for valuation, blended valuation, presentation of valuation output, presentation of the valuation report, and concepts of pre-money and post-money valuations.   

The Modules At A Glance

• Course Duration – 3 Months of Training + 2 Months Of Guaranteed Internship
• Course Fee – INR 39,900 + 18% GST.

• Full-time online support is available.
• Upon course completion, the Master’s certificate is received. 
• Placement opportunities through interviews
• Recognized by the Govt. of India.
• Access to all materials and tools.

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Contact: +919580740740, [email protected]

If you Are Still Skeptical about joining a financial modeling course, talk to our career expert here.

2. Corporate Finance Institute (CFI)

Next on the list of top institutes that provide Financial Modeling Programs in India is CFI. CFI is one of India’s leading online certification institutes for finance and banking professionals. With 200+ case studies, 150+ courses, 5000+ lessons, and 170+ countries, it is one of the best institutes in India to learn financial modeling. CFI’s Financial Modeling & Valuation Analyst (FMVA) Certification Program will teach all essential skills required to perform financial analysis. They have a well-defined course structure for even beginners:

• Step 1: Prep courses (optional) – they have 8 optional prep courses to learn or review some fundamentals like Accounting fundamentals, reading financial statements, etc.

• Step 2: Core courses – 12 core courses to help you build a strong foundation in financial modeling and valuation. These include Financial Analysis fundamentals, Accounting principles, and standards, Operation modeling, DCF Valuation modeling, budgeting and forecasting, etc. 

• Step 3: Elective courses – Out of 18 options, students should choose a minimum of 3 electives to explore more advanced topics and specializations. Some of the options are Mergers & Acquisitions (M&A) Modeling, Real estate financial modeling, the Amazon case study, Renewable energy – solar financial modeling, etc.

• Step 4: Final Exam 
• Step 5: Upon successful completion of the course, a course completion certificate is received. 

Some Other Key Features Are:

• 6 months course 
• Free access to CFI online library for 2 years
• Hands-on modeling experience

Course costs $497/ year.

3. The WallStreet School (TWSS)

Up next on the list of top institutes that provide Financial Modeling Programs in India is the Wall Street School. TWSS for Investment Banking and Equity Research Training Program was born in 2009, out of the need for more skilled job-ready professionals in the industry. They ensure that the students will have a good balance of theoretical as well as practical knowledge. They offer the Financial Modeling and Valuations course. This course is designed to provide students with a good understanding of investment banking techniques, capital markets, and equity research, and is designed by the top investment bankers and industry experts. Their course curriculum is as follows:

• Module – 1 – Basic to Intermediate Excel

• Module – 2 – Advanced Excel & PowerPoint

• Module – 3 – Basic Finance Concepts

• Module – 4 – Feasibility Study/ Business Modeling

• Module – 5 – Comparable Company Analysis

• Module – 6 – Precedent Transaction Analysis

• Module – 7 – Discounted Cashflow Valuation

• Module – 8 – Merger Model

• Module – 9 – Leveraged Buyout
• Module – 10 – Mock Interviews and Resume Edits

Some Other Key Features Are:

• Upon course completion, you’ll receive the Wall Street School’s wildly acclaimed and industry-recognized certification.

• Placement assistance to all students.

• Merit-based selection for the course. Students who pass the interview will be selected for the course.

• Refresher videos having basic accounting knowledge are provided for freshers and people who are not from a financial background. 

• Transparent placements – contact details of the previously placed students are given.

This course is available as a short 6-week course, which costs INR 50,000 + GST (on enrolment), or a slightly longer 2.5-month weekend class, which costs INR 42,000 + GST (on enrolment).  

4. EduPristine

Next on the list of top institutes that provide Financial Modeling Programs in India is EduPristine. Founded in 2008, EduPristine is one of India’s leading training providers in finance and accounting. All the courses are taught by industry experts. Development of practical skills and knowledge is also given importance, along with various assignments to give you real-world problem-solving experience. The financial Modeling Course provided is in collaboration with BSE Institute Ltd. Financial modeling course is evolving as one of the most sought-after courses, and as such their curriculum is also pretty sharp:

• Day 1: Excel Tips

• Day 2, 3, 4 & 5: Case Study FMCG

• Day 6 & 7: M&A I & II

• Day 8, 9, 10, 11 & 12: Macros, Charting, and Project Finance

• Days 13 & 14: Accenture Case Study

Some Other Key Features Are:

• Upon successful course completion, you’ll receive a joint certification from EduPristine and BSE Institute Ltd.
• 14 days or 70 hours course.
• Access to online LMS content and downloadable resource material
• Interactive sessions to put forward questions and doubts.
• They also provide ACE (after-course engagement), to help with placements and career guidance.

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5. Financial Edge

Up next on the list of top institutes that provide Financial Modeling Programs in India is Financial Edge. Founded by industry experts and veterans, Financial Edge is a top-tier technology concerning learning. Only experts with decades-long experience and knowledge are chosen to deliver the program for maximum industry knowledge for the students. They provide courses worldwide and the course The Investment Banker, a micro degree that covers accounting, financial modeling, valuation (including discounted cash flow and WACC), and M&A and LBO analysis. Real company data and the latest rules are also covered to ensure the methods used and skills developed are up to date. Their curriculum includes:

• Financial Accounting Review (30 mins)

• Income Statements (59 mins)

• Earnings Per Share (27 mins)

• Working Capital (56 mins)

• Non-current Assets (39 mins)

• Capital Structure (50 mins)

• Accounting Ratios (41 mins)

• Cash Flow Statements (25 mins)

• Equity Method Investments (9 mins)
• Intro to Full Consolidation (68 mins)

Some Other Key Features Are:

• The Investment Baker has 4 skill certificates. Pass each one to unlock the next micro-degree.
• Certificates can easily be added to LinkedIn.
• Online courses ensure that you can learn at your own pace.
• There are over 263 exercises to get enough hands-on experience.
• Lifetime access to all the materials and videos.

The course cost is INR 20,649. 

6. National Stock Exchange (NSE)

Up next on the list of top institutes that provide Financial Modeling Programs in India is the National Stock Exchange. Renowned as one of the world’s largest exchanges and a major catalyst for driving India’s economic growth, NSA is a home-grown brand with a worldwide vision. NSA offers an online program on Financial Modeling and Valuation. The course is designed to provide maximum knowledge and a time-efficient way to learn to create financial models and review other models. The course curriculum includes: 

• Understanding Financial modeling and Financial Statements

• Building a Financial Model

• Financial Statement Analysis

• Methods of Valuation
• Financial modeling Case Study

Other Notable Features are:

• Certificate from NSE Academy upon successful course completion
• Working professionals, and finance and commerce students are eligible to apply.
• Certification does not have an expiration.
• 10-hour course.

Frequently Asked Questions (FAQs)

Q1. What is the average salary you get after doing financial modeling?

On average, financial modelers earn 5-6 lakhs per annum.

Q2. What are the job opportunities?

There are various job roles, like investment banking, equity research, merger & acquisitions, project finance, portfolio managers, corporate development, etc.

Q3. Is this course useful?

Yes, the Financial Modeling Programs in India are most definitely useful, especially for small businesses and start-ups. These courses enrich you to compare different pricing models, use them to make reliable business decisions, and calculate capital requirements. But this course is also useful if you’re looking to advance your career further in finance and accounting.  

Conclusion

As businesses grow, and new start-ups emerge, the need for good and reliable financial models becomes necessary, so the business can grow more. As this need increases, so does the demand for people who are skilled at the job. Above mentioned are some of the top institutes providing Financial Modeling Programs in India. Many more institutes provide Financial Modeling Programs in India. So what are you waiting for? Pick an institute, expand your knowledge, and get job-ready.