9 Best Financial Modelling Courses – Online & Offline

With the rapid advancement of technology, businesses have expanded greatly, touching every department, including finance. The emergence of new methods for creating detailed financial models has led to significant benefits for businesses. In this context, financial modelling has become a crucial skill for finance professionals. Consequently, several institutes in India now offer short-term courses in financial modelling to meet the increasing demand for skilled individuals in this field.

If you’re eager to enhance your skills with sought-after financial modelling expertise, this article is tailor-made for you. Take a moment to relax with a cup of coffee and delve into the best financial modelling courses available in India, along with popular career opportunities after completing such a course.

Before we delve into the outstanding options for financial modelling courses in India, it’s important to have a basic understanding of financial models and their types, especially if you’re new to this field.

Understanding Financial Modelling

Financial modelling is the process of creating or updating models that represent a business’s future financial performance. These models are built using software tools like MS Excel and take into account factors such as historical performance, assumptions, and financial statements like income statements, balance sheets, and cash flow statements.

Types of Financial Models:

• Discounted Cash Flow (DCF) Model
• Leveraged Buy-Out (LBO) Model
• Merger & Acquisition (M&A) Model
• Comparative Company Analysis Model
• Corporate Finance Models
• Sum-of-the-Parts Model
• Industry-Specific Financial Model
• Option Pricing Model

What Makes a Financial Modelling Course the Best?

The finance industry is thriving, making it essential to keep up with the latest tools used in financial modelling to ensure smooth business operations.

Financial modelling enables prediction and forecasting of business performance, aiding in decision-making processes. Consequently, an increasing number of businesses are seeking skilled finance professionals proficient in financial modelling. However, there is a shortage of experts in this field. As a result, financial modelling has become a highly sought-after skill set in the finance sector.

With financial modelling skills under your belt, you can track company performance, sales, ratios, growth, revenue, and a lot more. Furthermore, as you advance in the hierarchy of finance careers, financial modelling skills become even more essential.

They are the core prerequisite skills needed by professionals in investment banking, equity research, mergers & acquisitions, corporate finance, project finance, etc. Being an indispensable skill set at every career stage of finance careers, financial modelling turns up as a vital skill set with massive demand.

Also Read – How financial modeling can help MBA freshers

Criteria used to evaluate and select the best financial modelling courses

• Course Content and Curriculum: Assess the comprehensiveness of the course material, including topics covered, depth of coverage, and relevance to real-world financial modelling scenarios.
• Instructor Expertise and Experience: Evaluate the qualifications and experience of the instructors delivering the course. Look for instructors with practical experience in financial modelling and teaching expertise.
• Learning Resources and Support: Consider the availability of supplementary materials such as textbooks, video lectures, case studies, and online forums. Additionally, assess the level of support provided by the course instructors and staff.
• Hands-On Practice and Assignments: Determine the extent of hands-on practice offered in the course, including opportunities to work on real-world financial modelling projects and assignments.
• Industry Recognition and Accreditation: Look for courses that are recognized and accredited by reputable industry bodies or institutions, as this can enhance the credibility and value of the certification.
• Alumni Reviews and Success Stories: Seek feedback from former students or alumni of the course to gauge their experiences, satisfaction levels, and career outcomes after completing the program.
• Flexibility and Accessibility: Consider the flexibility of course delivery formats, such as online, in-person, or blended learning options, to accommodate your schedule and learning preferences.
• Cost and Value for Money: Evaluate the overall cost of the course in relation to the quality of instruction, learning resources, and career opportunities it offers. Ensure that the course provides good value for money in terms of the skills and knowledge gained.

9Best Financial Modelling Online & Offline Courses

• IMS Proschool

IMS Proschool offers a comprehensive Financial Modeling Course designed to help students achieve their career goals. With batches starting every month and 8+ hours of live faculty-led training per week, the course focuses on active learning pedagogy and practical methods to engage students.

• Course Duration: Flexible duration with batches starting every month
• Course Fee: INR 20,000 to INR 50,000 (based on location, mode of learning, and additional services)
• Mode of Learning: Online & Offline

Key USPs

1. Learn from Industry Experts: Faculty members with over 30 years of combined industry experience provide valuable insights and 24*7 doubt resolution.
2. Placement-Oriented Case Studies: Students solve real-world case studies from multiple industries, preparing them for interviews and job roles.
3. Customised Learning Plan: A tailored learning plan ensures comprehensive coverage of financial modelling subjects within 6 months and thorough revision within 3 months.
4. Valuable Certification: Earn a certificate in Financial Modeling, enhancing credibility and career prospects.
5. Placement and Profile Building Services: Access to internships during the course and assistance in job placements post-completion, along with resume building, aptitude test preparation, and interview skills guidance.
6. Active Career Support: Apply to curated job opportunities, receive guidance on resume building, and prepare for aptitude tests and interviews, ensuring a strong foundation for career advancement.

• IIM SKILLS

This online financial modelling course offers comprehensive training curated by industry experts. Covering everything from basic to advanced concepts, it’s designed to equip learners with practical skills in financial modelling.

• Course Duration: 3 Months + 2 Months Guaranteed Internship
• Course Fee: INR 39,900 + 18% GST
• Mode of Learning: Online

Key USPs

1. Comprehensive Curriculum: The course covers A to Z of financial modelling, presented in easily digestible modules.
2. Experienced Instructors: Taught by industry veterans, ensuring high-quality instruction and mentorship.
3. Practical Training: Emphasising hands-on practice, learners gain real-world skills applicable to various industries.
4. Globally Accredited Certifications: Upon completion, participants receive recognized certifications enhancing their credentials.
5. Support and Resources: Benefit from 24/7 online support, lifetime access to course materials, and placement assistance.
6. Job Guarantee: With placement assistance and interview preparation, the course offers a pathway to career advancement in finance.

This course is suitable for graduates, MBA/CFA/FRM/CA/CS aspirants, finance professionals, business owners, and anyone keen to enhance their financial modelling skills.

Also Read – Average salaries after completing the financial modelling course

• CORPORATE FINANCE INSTITUTE

Corporate Finance Institute, renowned as CFI, is a leading online provider of financial certification courses. Founded in 2016, CFI offers top-quality finance training through innovative curriculum design and expert mentorship.

• Course Fees:
  • • Self Study course: $497 / year
    • Full Immersion course: $847 / year
• Mode of Learning: Online

Key USPs

1. Diverse Course Options: Choose from a variety of courses tailored to individual learning needs.
2. Hands-On Learning: Engage in practical financial modelling exercises and interactive activities.
3. Expert Instructors: Benefit from guidance by experienced industry professionals.
4. Blockchain Certificate: Obtain a digital certificate backed by blockchain technology.
5. Extensive Resources: Access comprehensive study materials to support learning.

• THE WALL STREET SCHOOL (TWSS)

The Wall Street School (TWSS) is a renowned institute for financial modelling courses in India, dedicated solely to finance education. Recognizing the importance of practical training alongside academics, TWSS offers programs designed to bridge the gap in the learning curve.

• Course Duration:
  • • 6 weeks of training: ₹ 40,000 + GST (on enrolment)
    • 2.5 months of weekend training: ₹ 40,000 + GST
    • Special provision for “Placement Success Fees” of ₹ 75,000 upon placement acceptance
• Mode of Learning: Online and Offline

Key USPs

1. Expert Mentors: Benefit from guidance by experienced mentors with industry expertise.
2. Experiential Learning: Practical training approach ensures hands-on experience in financial modelling techniques.
3. Up-to-date Curriculum: Stay updated with the latest trends and techniques in investment banking, equity research, and the capital market.
4. Recognized Certifications: Earn certifications that hold value in the finance industry, enhancing credibility.
5. Success-based Fees: Pay the “Placement Success Fees” only upon securing a placement through TWSS and accepting the offer.
6. Placement Assistance: Access placement assistance services to enhance career prospects post-completion.

Also Read – How are CFA And Financial Modeling Connected? Why Should You Study Both in the Same Course?

• COURSERA

Coursera is a leading self-paced learning platform offering a diverse range of courses and programs. With a mission to democratise education, Coursera partners with over 200 universities worldwide, providing access to high-quality education from anywhere.

• Course Duration: Varies based on the selected course
• Mode of Learning: Online

Key USPs

1. Comprehensive Course Selection: Coursera offers over 100 financial modelling courses catering to various skill levels, from beginner to advanced.
2. Self-Paced Learning: Participants can learn at their own pace, anytime and anywhere, providing flexibility and convenience.
3. Affordable Pricing: Courses are priced reasonably, making them accessible to a wide range of learners.
4. Certification: Upon completion, participants receive certifications, enhancing their credentials and career prospects.
5. 30-Day Money-Back Guarantee: Coursera offers a 30-day money-back guarantee, providing assurance to learners.
6. Wide Accessibility: With online access, learners can access courses globally, breaking geographical barriers.

• EDUPRISTINE

EduPristine, established in 2008 by industry experts from leading MNCs like Goldman Sachs and Accenture, is a premier financial training provider globally. Recognizing the significance of financial modelling in the finance sector, EduPristine offers an intensive course aimed at equipping candidates with essential skills in building financial models for performance tracking, forecasting, budgeting, risk analysis, and evaluation.

• Course Duration: 14 days (70 hours)
• Course Fee: Please connect with the institute’s counsellors for fee details.
• Mode of Learning: Classroom (only in Mumbai location) and Online

Key USPs

1. Comprehensive Curriculum: Covering topics like Excel tips, case studies, merger and acquisitions, macros, charting, and project finance, the course offers in-depth learning.
2. Joint Certificate Program: Upon completion, participants receive a joint certificate from EduPristine and BSE Institute Ltd., enhancing credibility.
3. Experienced Mentors: Learn from experienced and passionate mentors who provide valuable insights and guidance throughout the course.
4. Hands-on Training: Gain practical experience with downloadable financial models and hands-on Excel workbook exercises.
5. Learning Management System (LMS): Access course materials anytime, anywhere with 24*7 LMS access for one year.
6. Dedicated Discussion Forums: Engage with peers and instructors through dedicated discussion forums for enhanced learning and networking.
7. After-Course Engagement: Benefit from continued engagement and support after completing the course, ensuring ongoing learning and career growth.

Also Read – How financial modeling can help MBA freshers

• NSE Academy

NSE Academy, a leader in the finance domain, offers an exceptional online financial modelling course aimed at providing practical exposure to delegates. Designed to meet the needs of today’s global finance market, the course equips students with intensive training to construct consistent and realistic financial models for informed decision-making.

• Course Duration: 59 videos and 10+ hours of content
• Course Fee: INR 9,000
• Mode of Learning: Online

Key USPs

1. Practically-oriented: The course focuses on practical applications, ensuring students gain hands-on experience in financial modelling techniques.
2. Expert Mentors: Benefit from guidance by experienced mentors who provide valuable insights throughout the course.
3. Certifications without Expiry: Earn certifications from NSE that hold value in the finance industry, enhancing credibility and career prospects.

• GT ACADEMY

GT Academy, a renowned learning and development institute, offers result-oriented training courses designed to transform the lives of students and working professionals. Their financial modelling course is meticulously crafted to provide practical exposure and blend conceptual knowledge with industry best practices.

• Course Duration: 5-day classroom training
• Course Fees: INR 27,500
• Mode of Learning: Classroom and Live Online

Key USPs

1. Resource Material: Access to extensive course materials for enhanced learning.
2. Grant Thornton LMS: Benefit from access to Grant Thornton’s Learning Management System (LMS) for additional resources and support.
3. Assessment: Regular assessments to track progress and ensure understanding.
4. Course Completion Certificate: Receive a certificate upon successful completion of the course, enhancing credibility and career prospects.

Also Read – Top 7 Skills That Make You An Expert In Finance

• FINLADDER

Finladder, an online educational startup, founded with the vision to promote financial literacy, offers a range of courses including Investment Banking, Equity Research, Excel, and FRM. Their Investment Banking course focuses on financial modelling and valuations, providing individuals with comprehensive knowledge and practical skills.

• Course Fees: INR 7,000
• Mode of Learning: Online

Key USPs

1. Qualified Instructors: Learn from experienced instructors who provide quality education and guidance.
2. High-quality Videos: Access course materials conveniently on mobile and TV platforms, ensuring flexibility in learning.
3. Internship Opportunities: Avail internship opportunities to gain practical experience and enhance skills.
4. Live Projects: Engage in live projects to apply theoretical knowledge into practice, fostering hands-on learning experience.

Comparison of Online vs. Offline Courses

After the COVID-19 pandemic, the education sector has witnessed a significant shift towards online learning, prompting a comparison between online and offline modes for financial modelling training. Here’s a breakdown of the key factors to consider:

Level of Convenience:

• Online Mode: Highly convenient with flexibility in scheduling, eliminating the need for commuting and allowing access from any location.
• Offline Mode: Limited flexibility due to fixed schedules and the need for physical presence, potentially posing challenges for working professionals.

Teaching Mode:

• Online Mode: Provides flexibility and ease of doubt-solving, but lacks regular face-to-face interaction, which can impact the depth of understanding.
• Offline Mode: Offers regular face-to-face interaction facilitating better understanding and teamwork, crucial for subjects like financial modelling.

Network Connections:

• Online Mode: Allows global connectivity but may lack the depth of interpersonal connections compared to offline interactions.
• Offline Mode: Facilitates deeper interpersonal connections and exchange of experiences, enhancing the learning experience.

Also Read – 5 Reasons why you should learn financial modelling after CA

Expenses:

• Online Mode: More cost-effective, eliminating travel expenses and often having lower tuition fees compared to offline classes.
• Offline Mode: Involves higher expenses due to commuting costs and potentially higher tuition fees.

Self-discipline:

• Online Mode: Requires higher self-discipline as learners must adhere to a flexible schedule without direct supervision.
• Offline Mode: Provides a structured environment that fosters discipline through regular attendance and adherence to fixed schedules.

Learning Stages:

• Online Mode: Suitable for learners with basic knowledge seeking flexibility but may lack depth for in-depth learning stages.
• Offline Mode: Offers a more immersive learning experience conducive to in-depth understanding and skill development.

Also Read – Top 6 Financial Modeling Jobs For Freshers

Why Invest in Financial Modeling Training?

Investing in financial modelling training is essential for excelling in finance. It involves creating financial representations of a company to forecast its future performance, aiding in informed decision-making and risk management.

Importance of Continuous Learning and Skill Development in Finance

The finance industry is always evolving. By continuously updating your knowledge and skills, you stay competitive, adapt to changes, solve complex problems, and make better decisions.

How Financial Modeling Skills Can Enhance Career Prospects and Job Performance

• Better Job Opportunities: Financial modelling is in high demand, opening doors to roles in investment banking, equity research, and corporate finance.
• Improved Job Performance: Strong skills enable accurate forecasts, effective data analysis, and clear financial reports, leading to better decisions and company success.
• Career Advancement: Mastery of financial modelling can lead to promotions and higher salaries by demonstrating your ability to handle complex financial tasks and a commitment to professional growth.

Also Read – How Does a Financial Modelling Course Help Investment Bankers?

FAQs

Q: What is financial modelling, and why is it important?

A: Financial modeling is the process of creating a detailed representation of a company’s financial performance. These models are typically built using software like Excel and are used for decision-making, forecasting future financial performance, evaluating investment opportunities, and managing risks. Financial modeling is crucial because it helps businesses make informed decisions, plan for the future, and assess the potential impact of different strategies.

Q: Are there any prerequisites for enrolling in financial modelling courses?

A: Most financial modeling courses do not have strict prerequisites. However, having a basic understanding of finance, accounting, and Excel can be beneficial. Some courses may recommend or require a background in finance, economics, or related fields, especially for more advanced topics.

Q: How long does it take to complete a financial modelling course?

A: The duration of financial modeling courses can vary widely. Some intensive courses can be completed in a few days or weeks, while more comprehensive programs might take several months. For example, a typical financial modeling course might last anywhere from 1 month to 6 months, depending on the depth and pace of the instruction.

Q: Will I receive a certification upon completing a financial modeling course?

A: Yes, most financial modeling courses offer a certification upon completion. This certification can serve as a valuable credential, demonstrating your proficiency in financial modeling to potential employers and clients.

Q: What software or tools are commonly used in financial modeling courses?

A: Microsoft Excel is the most commonly used tool in financial modeling courses. Excel’s advanced functions and capabilities make it ideal for creating detailed financial models. Additionally, some courses may introduce specialised financial modeling software or tools, but Excel remains the primary platform for most training programs.