Best Options for Financial Modeling Course for Free

Financial modeling can be an intimidating career path, especially if you didn’t previously do studies in Finance. It might feel overwhelming to start a career in Finance Modeling, or you might find it difficult for you to pursue. 

 

But, anyone can follow a career in financial modeling, and luckily for you, the fourteen courses on this list let you begin following this job for free. The only thing you could perhaps stand to lose when doing a Financial modeling course for free is your time, and we can guarantee you that the classes on this list are worth your time.

 

Financial modelling course for free

 

What Is A Financial Modeling Course?

 

Financial modeling is the task of creating an abstract representation of real-world financial scenarios. This is a mathematical model developed to represent the performance of a project, financial asset, or any other investment.

 

In a financial modeling course, the candidates will master creating robust, efficient, and flexible financial models to analyze and report historical data, form future projections, and present integrated financial statements,  outputs, and key financial ratios, in a summarized, logical, and effective way.

 

If interested, you can give it a shot to our Mastery-level Financial Modeling Course. Begin by enrolling for a FREE demo!

 

Financial Modeling Course for Free:

 

  1. Financial Analysis for Business Decisions: How to Use Tableau and Financial Modeling

 

Hosted by: Future Learn

Fee: Free 7-day trial

Level: Intermediate level

Duration: 4 weeks

 

Modules: 

 

  1. Introduction to the course 
  2. Communicating performance data
  3. Reporting and presenting
  4. Financial models
  5. Managing assumptions

 

The SEEK Group and The Open University jointly own Future Learn, providing online courses for students globally over the past eight years. These courses divide into weeks, activities, and steps to help you monitor your learning. Also, you learn through a mixture of bite-sized videos, audio, long- and short-form articles, and practical activities.

 

The Progress page helps you keep track of your progress, and the assessment score helps you stay motivated throughout the course program. Additionally, you regularly share ideas with your educators and peers to experience the power of social learning. You can mark any module as completed at your pace. And in the paid version of the course, you earn your certificate by finishing 90% of the course program and completing the assessment.

 

In this online course by Future Learn, you will master employing Tableau to visualize data to achieve new insights, using financial models, and performing a SWOT analysis.

 

What you will learn in the course program:

 

  • How to utilize Tableau data visualization software, both to discover new insights and to share them with a broad audience
  • How to apply popular financial models, including Financial assumptions
  • How and why to accomplish a SWOT analysis

 

What will you achieve through this course: 

 

  • Utilize Tableau to import data and make graphics
  • Compare popular financial models and their objectives
  • Explain how to consider various assumptions
  • Make clear the purpose of SWOT analysis and perform it

 

Who should enroll in this Financial Modeling Course for Free?

 

This course program is for those who choose to support data-driven decision-making of financial analysis. You could be a finance expert aiming for career advancement or more excellent communication skills, or a manager looking to bolster basic finance skills.

 

Tools you would use during the course program:

 

  • Tableau Public
  • Excel

 

  1. Business and Financial Modeling Specialization:

 

Hosted by: Coursera

Fee: Enrol for free

Level: Beginner level

Duration: Approximately six months to finish

Courses in the Specialization:

 

  1. Fundamentals of Quantitative Modeling
  2. Introduction to Spreadsheets & Models
  3. Modeling Risk & Realities
  4. Decision-Making & Scenarios
  5. Wharton Business & Financial Modeling Capstone

 

Wharton has designed its Business and Financial Modeling Specialization to help you make informed Financial and Business decisions. These foundational courses will train you in spreadsheet models, modeling techniques, company valuation, forecasting, accepted applications for investment analysis, etc. When you complete this, you’ll be capable of using your data to build scenarios, describe realities, and predict performance.

 

Prominent features of this Financial Modeling Course for Free:

 

  • Shareable Certificate
  • 100% online courses
  • Flexible Schedule
  • Beginner Level
  • Approximately six months to complete

 

Skills you will learn through the course program:

 

  • Financial Modeling
  • Microsoft Excel
  • Simulation
  • Linear Programming (LP)
  • Modeling
  • Linear Regression
  • Probabilistic Models
  • Regression Analysis
  • Monte Carlo Method
  • Solver
  • Risk
  • Cash Flow

 

What is a Coursera specialization?

 

A Coursera Specialization is a sequence of courses that helps you learn a skill. To begin, enroll in the Specialization straight or check the course programs in it, and select the one you’d like to start. When you subscribe to a program that is part of a Specialization, you automatically subscribe to the entire Specialization. 

 

You can pause your learning or terminate your subscription at any time. At the learner dashboard, you can track your course enrollments and progress. After finishing every course and the hands-on project, you earn a  shareable certificate.

 

Also read: 7 Most Trending Coursera Financial Modeling

 

  1. Practical Financial Modeling Bootcamp – building a model of Google:

 

Hosted by: Skill Share 

Fee: 14-day free trial

Level: Beginner level

Duration: Not available 

Modules in this Financial Modeling course for free:

 

  1. Course preview
  2. Part 1 – What is a financial model
  3. Part 2 – Intro thoughts
  4. Part 2 – Obtaining financials
  5. Part 2 – OPTIONAL: Formatting
  6. Part 2 – OPTIONAL: Useful shortcuts
  7. Tips in Microsoft Excel 
  8. Part 2 – Ways to structure a model
  9. Part 2 – Understanding how companies operate
  10. Part 2 – Revenue
  11. Part 2 – Costs and expenses
  12. Part 2 – Current assets
  13. Part 2 – Non-current assets
  14. Part 2 – Current liabilities
  15. Part 2 – Non-current liabilities
  16. Part 2 – Equity
  17. Part 2 – Cash Flow From Operating Activities (CFO)
  18. Cash Flow From Investing Activities
  19. Cash Flow From Financing Activities
  20. Part 2 – OPTIONAL: Mistakes
  21. Part 2 – Finishing income statement
  22. Part 2 – Switcher
  23. Theoretical background and FCFF
  24. Part 3 – FCFF – continued (2/2)
  25. Part 3 – FCFE
  26. Part 4 – Revenue – detailed
  27. Part 4 – Costs and expenses
  28. Part 4 – Capex
  29. Part 4 – Depreciation
  30. Part 4 – Working capital
  31. Part 4 – Income taxes
  32. Part 4 – Debt and revolver
  33. WACC
  34. Next steps

 

What you will learn in the three-part course program: 

 

  • Preparation of a three-statement model. 
    • Downloading the financials of Alphabet. 
    • Building forecasts for all lines in each financial statement. 
    • Using broker consensus forecasts.
  • Building DCF valuation by employing both FCFF and FCFE approaches.
  • Enhancing forecasts

 

Prerequisites for learning the course:

 

  • Knowledge of Microsoft Excel
  • Basic comprehension of corporate finance

 

Who is this course for:

 

A wide range of individuals might be interested in learning financial modeling skills. Below given are some reasons:

 

  • To make investment decisions like whether to buy or sell stocks of a specific company
  • To defend your assumptions on a project or explain a business case
  • While forming a new business to calculate the financial results of a venture
  • For fundraising in your current startup.

 

Also read: A Practical Guide to Financial Modeling Course

 

  1. Introduction to Financial Modeling:

 

Hosted by: Udemy

Fee: Free

Level: Beginner level

Duration: 1hr 18min

Modules:

 

  1. Introductory Video
  2. The Accounting Equation
  3. Balance Sheet
  4. Income Statement
  5. Cash Flow Statement
  6. Overview of the Process
  7. Building the Model
  8. Broken Models & Circular References

 

This course will discuss using two years of historical income statement data and balance sheet data to create a thoroughly integrated financial statement model. The course program is suitable for those new to Financial models.

 

What you will learn in this Financial Modeling course for free:

 

  • Building a simple financial model
  • Understanding how the three primary financial statements connect

 

Who this course is for:

 

  • Students
  • Investment banking analysts
  • Entrepreneurs

 

What you get in the free course:

 

  • Online video content

 

What the free course excludes:

 

  • Certificate of completion
  • Instructor Q&A
  • Instructor direct message

 

Also read: Top 5 Financial Modeling Courses in Pune

 

IIM Skills Financial Modeling Course free demo invite

 

  1. Financial Modeling Foundations: 

 

Hosted by: LinkedIn Learning

Fee: LinkedIn Learning free trial

Level: Beginner + Intermediate

Duration: 3 hours

Modules:

 

  1. Introduction
  2. Financial Modeling Basics
  3. Corporate Financial Modeling
  4. Evaluating Corporate Financial Models
  5. Investment Models: DCF Model
  6. Banking Models
  7. Buyout Models
  8. Financial Modeling across Industries
  9. Building and Maintaining Models
  10. Conclusion

 

In this course program, you learn how to create financial models that you can use in investment banking, portfolio management, corporate finance,  and commercial banking. Professor Michael McDonald covers investment banking models, Financial statement models, buyout models, M&A models, and DCF models utilizing Microsoft Excel. The program also contains exercises and downloadable exercise files to offer you practical knowledge of these essential topics.

 

What skills would you gain from this Financial Modeling course for free:

 

  • Financial Modeling

 

What the course program includes:

 

  • Two exercise files to practice while you learn
  • Nine quizzes to test your knowledge
  • Access on phone and tablet
  • Continuing Education Units

 

Also read: Top 10 Financial Modeling Courses in Mumbai in 2022

 

  1. Understanding Financial Statements:

 

Hosted by: Future Learn

Developed by: Coventry University

Fee: Free

Level: Beginner level

Duration: 2 weeks

Topics covered in this Financial Modeling course for free:

 

  1. Introduction to accounting and its branches
  2. Different users of accounting information and requirements
  3. Overview of financial statements
  4. Introduction to the income statement
  5. Introduction to the statement of financial position
  6. Introduction to cash flow statement

 

The SEEK Group and The Open University jointly own Future Learn, providing online courses for students globally over the past eight years. These courses divide into weeks, activities, and steps to help you monitor your learning. Also, you learn through a mixture of bite-sized videos, audio, long- and short-form articles, and practical activities.

 

The Progress page helps you keep track of your progress, and the assessment score helps you stay motivated throughout the course program. Additionally, you regularly share ideas with your educators and peers to experience the power of social learning. You can mark any module as completed at your pace. And in the paid version of the course, you earn your certificate by finishing 90% of the course program and completing the assessment.

 

What will you achieve from this Financial Modeling course for free:

 

By the end of the program, you‘ll be able to:

 

  • Explore the different branches of accounting
  • Determinate the primary users of accounting information and their needs
  • Describe the meaning of financial statements (income statement, cash flow statement, and statement of financial position)
  • Study items typically contained in each of the financial statements and their significance
  • Analyze financial statements for decision-making objectives

 

Who should learn this course:

 

This course would fit anyone looking for added basic accounting skills. These skills enable you to make better decisions and thrive in your career. It will particularly appeal to individuals who wish for an accounting background for leadership and senior management roles.

 

    1. Financial Maths:

 

Hosted by: Alison

Fee: Free 

Level: Beginner level

Duration: 1.5-3 hours

Modules:

 

  1. Financial Maths – Part 1
  2. Financial Maths – Part 2
  3. Course Assessment

 

Alison is an online educational forum that intends to help students advance their chosen career paths or begin a new one. The free courses delivered on Alison are designed for professionals and usually discuss concepts like science, technology, business, engineering, or math. Many of the course programs on Alison are mobile-friendly, so you can resume your studies irrespective of where you are during the day.

 

This free online finance mathematics program will teach you about the fundamental concepts of financial math. Financial maths are an essential part of everyday life. This course discusses topics important to your finances, including percentage loss, depreciation value, calculating interest, and calculating your PRSI, Net Pay, or Take Home pay. These are significant lessons that can save you a lot of money.

 

    1. How to Build a Financial Model in Excel – Full Tutorial for Beginners:

 

Hosted by: YouTube and WallStreet School

Fee: Free

Level: Beginner level

Duration:

YouTube is always a wonderful place to find elementary courses since any video on YouTube is free to check out and replay over and again. YouTube is an excellent resource for individuals who may not have time to examine structured course materials and require quick overviews or crash course programs. 

 

This two-and-a-half-hour Financial Modeling course for free is a Wall Street School creation and is a total beginner’s guide to building a financial model in Excel. The Wall Street school is a channel that routinely uploads videos on CFA, investment banking, and FRM. 

 

This tutoring is screen recorded fully on Excel, so you can watch all actions of the instructor when they are making the financial model. In the video, you will move from step one to the very end, and the coaching is valuable even for those who are not well-versed in Excel. By the end of the video class, you will have a firm understanding of creating a financial model and feel confident moving forward.

 

  1. Financial Modeling Basics – Mini-Course:

 

Hosted by: Udemy

Fee: Free 

Level: Beginner level

Duration: 39 minutes

Modules in this Financial Modeling course for free:

 

  1. Financial Modeling Basics – Introduction
  2. Input assumptions of a financial model-Ground Rules
  3. Input assumptions of a financial model- Revenue Assumptions
  4. Input assumptions of a financial model- Direct Cost Assumptions
  5. Input assumptions of a financial model- Indirect Cost Introduction
  6. Input assumptions of a financial model- Indirect Cost Assumptions
  7. Thanks for taking this course!

 

What you will learn:

 

  • Students will be capable of getting introduced to fundamental concepts of financial modeling
  • Students will be able to comprehend Revenue streams and how to form direct cost assumptions
  • Students will be able to learn Direct Costs and how to create Direct cost assumptions
  • Students will be able to comprehend Indirect Costs and how to form
  • indirect cost assumptions

 

Who this course is for:

 

  • Students desiring to learn financial modeling
  • Aspiring Investors and Investment Bankers
  • Start-up founders
  • Company executives creating business plans

 

Prerequisites for the course program:

 

  • Basic MS Excel Knowledge

 

  1. Excel Fundamentals – Formulas for Finance:

 

Hosted by: Corporate Finance Institute

Fee: Enrol for free

Level: Beginner level

Duration: Approximately 3.5 hours to complete

 

Modules:

 

  1. Introduction
  2. Excel Layout
  3. Excel Settings
  4. Basic Financial Analysis Setup
  5. Advanced Financial Analysis Setup
  6. Functions & Formulas
  7. Wrap Up
  8. Qualified Assessment

 

The free Excel tutorial helps you learn all the tricks, shortcuts, tips, functions, and formulas you require to be an Excel power user. This free Excel course is developed especially for spreadsheet users who are already executing professional financial analysis and Financial modeling or are waiting to practice for a wall street career.

 

How does this Financial Modeling course for free help you:

 

The course program will help you build a strong basis in Excel for careers in:

 

  • Investment banking
  • Private equity
  • Corporate development
  • Equity research
  • Financial Planning & Analysis (FP&A)

 

What will you get from this free Excel course:

 

  • Discover everything you need to learn about Excel spreadsheets for a job in investment banking and corporate finance 
  • Learn keyboard shortcuts, formulas, and functions, to save time and advance your modeling skills
  • Pursue industry-leading best methods; simulate on-the-job analyst practice
  • Excel in an interview or progress up the ladder at work by dramatically upgrading your MS Excel skills and morale
  • Earn an Excel Crash course certificate of completion

 

Who should take this free Excel tutorial?

 

This free Excel tutorial is ideal for beginners, intermediate, and even developed users.  The tutorial begins with the basics, but the training quickly progresses, so even power users will discover something new and have an excellent refresher.

 

IIM Skills Financial Modeling Course free demo invite

 

Other free online Financial Modeling courses worth mentioning are:

 

  1. Free Financial Modeling Guide:

 

Hosted by: Corporate Finance Institute

Fee: Free

Topics covered:

 

  1. Why build a financial model
  2. Excel tips and tricks
  3. Modeling best practices
  4. Building the forecast
  5. Linking the statements
  6. Further analysis (DCF, sensitivity, M&A, and more)
  7. Presenting results

 

  1. Free Course – Financial Modeling Functions In Excel

 

Hosted by: SkillFin Learning

Fee: Free

Level: Beginner level

Duration: 1.5 hours

What you will learn:

 

  1. Calculating EMI on home loans using Excel
  2. Using Goal Seek Function in Excel 
  3. Creating Scenarios using Data Tables in Excel 
  4. Total Shareholder Returns Functions (Part 1) 
  5. Total Shareholder Returns Function (Part 2)
  6. Top 10 Financial Functions in Excel

 

  1. Financial Modeling and Forecasting Financial Statements: 

 

Hosted by: LinkedIn Learning

Fee: LinkedIn Learning free trial

Level: Intermediate

Duration: 1 hour 53 minutes

Modules:

 

  1. Introduction
  2. Who Uses Forecasted Financial Statements?
  3. It all begins with an Accurate Sales Forecast
  4. What Causes Financial Statement Numbers to Change?
  5. Constructing a Forecasted Income Statement
  6. Constructing a Forecasted Balance Sheet
  7. Constructing a Forecasted Statement of Cash Flows
  8. Conclusion

 

    1. 31 Days to Better Financial Modeling:

 

Hosted by: F1F9

Fee: Free

Duration: 31 days

Frequently Asked Questions:

 

  1. Can you learn financial modeling on your own?

 

You may learn financial modeling on your own.  But it takes years of knowledge to become proficient at building a Financial model, and you have to learn continuously.  The best method to learn financial modeling is to practice.   Referring to equity research reports can be a beneficial way to practice, as it offers you something to compare your results.

 

  1. What is the best financial modeling course for free?

 

Some of the top Financial Modeling courses for free are:

 

  • Financial Analysis for Business Decisions by Future Learn
  • Business and Financial Modeling Specialization by Coursera
  • Practical Financial Modeling Bootcamp by Skill Share
  • Introduction to Financial Modeling by Udemy
  • Financial Modeling Foundations by LinkedIn Learning
  • Understanding Financial Statements by Future Learn
  • Financial Maths by Alison
  • How to Build a Financial Model in Excel by YouTube
  • Financial Modeling Basics by Udemy
  • Excel Fundamentals by Corporate Finance Institute etc.

 

  1. Do you need CFA for financial modeling?

 

Financial Modeling is surely a stepping stone toward CFA. It offers not just a  qualification, but practical skills that are the tools that let you stand out in this period of cut-throat competition. Anyone who wants to make it big in the Financial sector aims at a CFA charter and Financial Modeling education can help you there.

 

  1. Is financial modeling useful for MBA?

Financial Model plays a significant role in long-term planning, expansion, development, business planning,  cost planning, etc. If you are an MBA student or an MBA graduate, we recommend you go through the structured coaching in financial modeling which will enhance your career growth instantly.

 

Conclusion:

 

You might wonder whether a Financial Modeling course for free is worth it? Most free courses are worth it, particularly ones that discuss such essential topics as financial modeling. All the course programs on the list above are worth your time and energy, mainly because you have nothing to lose when you learn them. Since no money is involved in these courses, you can learn at your own pace and take from the program what you please! 

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