Top 5 Financial Modelling Certifications for a Career in Investment Banking

If you’re looking for a role in investment banking, financial modeling is one of the most essential skills. It includes developing models for a company’s historical and projected financial performance based on both historical data and assumptions. Financial models are essential in decision-making, valuation, mergers and acquisitions (M&A), etc.

In investment banking, such models enable bankers and investors to analyze a company’s value, its risk factors, and the optimal course of action. It is the key competency for investment bankers, equity researchers and financial analysts and therefore a building block of all things finance.

Financial Modeling Certifications: Why Are They Important?

Financial modeling certifications greatly increase your chances of making it big in an investment banking career. Certifications help you learn in a structured way, learn the best practices, and prove your skills meet industry standards. These certifications help you stand out in the job market as they go a long way in proving your caliber to prospective employers.

This is especially important in the investment banking industry where complex financial models for discounted cash flow (DCF), leveraged buyouts (LBO) and mergers and acquisitions (M&A) are standard practice, and which you will know how to interpret and decompose to reach the underlying story behind the numbers with these credentials. Let’s check out the Best Financial Modelling Certifications for Investment Banking.

Also Read– Financial Modeling for Investment Banking

Best Financial Modeling Courses for Investment Banking

Before we dive into each of the courses, here is a comparison table that summarizes key details about the top financial modeling certifications for investment banking:

Course Name	Institution Name	Duration	Cost	Cities (Coaching Centers)	Recognition	Link
FMVA® by Corporate Finance Institute (CFI)	Corporate Finance Institute (CFI)	120-200 hours / 4-6 months	₹37,000 (Classroom/Live Online), ₹25,000 (Self-paced), ₹35,287 (4-month online FMVA)	Gurgaon, Mumbai, Delhi	Globally recognized certification	FMVA by CFI
IMS Proschool Financial Modeling Course	IMS Proschool	2.5 months	₹50,000 (Offline), ₹40,000 (Online)	Andheri, Thane, Sion, Navi Mumbai, Pune, Ahmedabad, Delhi (CP, Pitampura), Gurgaon, Noida, Lucknow, Kolkata, Hyderabad, Bangalore (MG Road, JP Nagar), Kochi, Chennai	NSE Academy certification	IMS Proschool Financial Modeling Course
Advanced Financial Modeling by Fitch Learning	Fitch Learning	5 Days	Not Available (Contact for pricing)	Dubai, London (In-person & Virtual), Chicago, New York, Singapore (Virtual)	Recognized in finance industry	Fitch Learning Financial Modeling
Wall Street Prep Financial & Valuation Modeling Certification Program	Wall Street Prep	70-90 hours (self-paced)	$499 (One-time payment)	Online (Globally accessible)	Recognized in the finance industry	Wall Street Prep Financial & Valuation Modeling
IIM SKILLS Financial Modeling Course	IIM SKILLS	4 months (Live Training)	₹29,900 (Self-paced), ₹49,900 (Job Assist Program), ₹1,49,900 (Job Guarantee Program)	New Delhi, Mumbai, Gurgaon, Goa, Kolkata, Pune, Chandigarh, Hyderabad, Dubai	Accredited master certification from IIM Skills	IIM SKILLS Financial Modeling Course

1. Financial Modeling & Valuation Analyst (FMVA) by Corporate Finance Institute (CFI)

The Financial Modeling & Valuation Analyst (FMVA®) certification by the Corporate Finance Institute is one of the most popular globally-recognized certifications for students aimed at roles in investment banking, private equity, M&A, and corporate finance. The curriculum includes analytical and experiential learning, offering a comprehensive foundation in financial analysis, modeling methods, and financial decision-making. It trains learners to create financial models, perform valuations, and budget and forecast. The FMVA certification is based on actionable insights and more than 500,000+ 5-star ratings give professionals an edge in the competitive finance job market.

Duration
120-200 hours / 4-6 months.

Cost
₹37,000 (Classroom or Live Online option)
₹25,000 (Self-paced)

₹35,287 (4-month online FMVA program)

Pros

• Globally recognized certification
• Covers essential skills used in investment banking
• Flexible online learning with lifetime access to materials
• Includes practical, hands-on training
• Access to a professional community

Cons

• Higher cost compared to some other programs
• Requires significant time commitment to complete the course

Cities (Coaching Centers)
Gurgaon, Mumbai, and Delhi

What students have to say about this course:

• Adrian Young:
  “FMVA certification is challenging, robust, and interesting. It equips an accounting/finance professional with world-class skills that help advance their careers and excel in their endeavors!”
• Anirudh Ganeshan:
  “This course was very detailed and structured. I would definitely recommend this certification for any budding financial analyst.”
• Benjamin Briner:
  “I believe the program fully performs what it promises, bridging the gap between work and higher education. The program focuses on technical knowledge, which is highly valued in the field.”
• Alexandr Palienko:
  “I strongly recommend this program for anyone looking to enhance their career opportunities and gain strong expertise in financial modeling and company valuation. CFI helped me gain confidence in my valuation skills, and now my profile as a finance specialist is much stronger.”

For more information on the FMVA program, you can visit the FMVA by CFI Official Page to get more details on enrollment, schedules, and other resources.

2. Financial Modeling Course by IMS Proschool

Course Overview

The IMS Proschool Financial Modeling Course enables you with core finance skills required in functional roles such as Investment Banking, Equity Research, Project Finance, and Financial Planning. The emphasis is on hands-on learning with actionable exercises in Advanced Excel, Power BI, Financial Statement Analysis and Equity Modeling. The program focuses on building a solid understanding of financial modeling and valuation techniques, which are fundamental to excelling in finance.

Duration

• 2.5 months (online and offline options available)
• 8+ hours of live faculty-led training every week

Cost

• Offline Classes: ₹50,000
• Online Classes: ₹40,000
• Placement Support: Complimentary

Pros

• The theoretical part (40%): modules and lectures, followed by practical sessions (60%): Individual and group projects based on real-time projects, case study methods, and live projects
• Get insights from 30+ year-old industry practitioners.
• Guaranteed at least 3 job shortlists within 6 months.
• Become skilled in Advanced Excel & Power BI – the tools that are a must for finance professionals today!
• The NSE Academy certification is well-recognized by leading financial firms.

Cons

• It does take a significant time investment each week (8+ hours of live training)
• Although IMS Proschool has many coaching centres in different locations in India, it might not be available for in-person students in every city.

Coaching Centers in Which Cities

• Andheri
• Thane
• Sion
• Navi Mumbai
• Pune
• Ahmedabad
• Delhi – CP
• Delhi – Pitampura
• Gurgaon
• Noida
• Lucknow
• Kolkata
• Hyderabad
• Bangalore – MG Road
• Bangalore – JP Nagar
• Kochi
• Chennai

What students have to say about this course:

• Jawwad Ahmad:
  “The standout feature of my experience at Proschool has been the outstanding support from the faculty. Shamik Sir’s contributions to my learning journey were particularly impactful.”

• Blessy Ann Sam:
  “The live lectures paved the way for a deeper understanding of the concepts. The course duration and the topics covered within this time frame were commendable.”

• Shalaka Gaikwad:
  “Proschool’s career-focused approach helped me gain practical insights. The inclusion of case studies was crucial for my career growth.”

Become Job Ready In 3 Months For more information of  Financial Modeling Course by IMS Proschool, visit:

3. Advanced Financial Modeling Certification by Fitch Learning

Fitch Learning Advanced Financial Modeling course is ideal for aspirants with prior financial modeling skills. Topics include more complex modeling methods such as flexible forecasting, debt modeling, sensitivity analysis, and large data analysis. It offers practical, real-life examples that can help experts deal with financial models easily, to refine their modeling for taxes, pensions and indebtedness; and to design dynamic charts for presentations.

Duration

• 5 Days

Cost

• Fee: Not Available (Contact Fitch Learning for pricing details)

Pros

• Learn from experienced international faculty.
• Practical applications of advanced modeling techniques.
• Focus on flexible forecasting, sensitivity analysis, and large volume data handling.
• Receive a certification that adds value to your finance career.

Cons

• Limited to just 2-5 days, which may not be enough for some learners.
• Best suited for those with a background in financial modeling.

Cities (Coaching Centers)

• Dubai (In-person Classroom)
• London (In-person Classroom & Virtual Classroom)
• Chicago (Virtual Classroom)
• New York (In-person Classroom)
• Singapore (Virtual Classroom)

For more details, visit Fitch Learning’s website to confirm the availability of specific dates and locations.

What students have to say about this course:

• DD, Independent Delegate
  “A very impressive structured learning programme. The instructor did a great job distilling the core elements of the course for passing the exam.
• Independent Delegate                                                                                                                                                                                        “I would have no hesitation in recommending Fitch Learning to anyone studying professional qualifications.”

• HS, Private Bank    “I’ve been in finance 20 years now, and Fitch throughout my career continues to be the best learning and support resource for professional qualifications.”

Link to Fitch Learning Financial Modeling

4. Financial Modeling & Valuation by Wall Street Prep

Wallstreet Prep Financial & Valuation Modeling Certification Program is tailored for professionals who want to get hands-on experience with financial modeling and valuation. Some of the topics covered in this program include 3-Statement Modeling, DCF, M&A, LBO, and Comps. Build the skills necessary for careers in investment banking, private equity, and corporate finance through hands-on learning, case studies, and step-by-step guides.

Duration

• 70-90 hours (self-paced)

Cost

• $499 (One-time payment)

Pros

• Covers essential modeling techniques used in the finance industry.
• Case study-based learning with Excel templates and financial reports.
• Learn from experienced finance professionals with practical insights.
• Certification is recognized in the finance industry.
• Self-paced, allowing you to learn at your own schedule.
• Access to an online support centre and downloadable resources.

Cons

• No live sessions, which might not suit those who prefer structured classroom settings.
• Requires basic knowledge of accounting and Excel.

Coaching Centers in Which Cities

This program is online and available globally. The course is accessible from anywhere with an internet connection.

What students have to say about this course:

• Alex Tsukernik, Managing Director, Syntella Partners:
  “Wall Street Prep bridges the gap between academic knowledge and real-world finance skills. The step-by-step approach with video tutorials and model templates is highly effective.”
• David Cass, MBA Assistant Director, Leeds School of Business:
  “I highly recommend Wall Street Prep to all finance students. It complements an MBA well, focusing on tactics and practical skills that are essential for investment banking.”
• Shaun Chia, University of London:
  “As a college student, I found this course better than the lectures at my school. The pace is perfect and the Excel templates really helped me understand the lessons.”

For more information, please visit:
Wallstreet Prep Financial & Valuation Modeling Certification Program

5. IIM SKILLS Financial Modeling Course

The IIM SKILLS Financial Modeling Course is designed to provide a solid foundation in financial modeling for beginners and professionals alike. The course covers key concepts such as Excel, financial statements, financial ratios, and different types of financial models like LBO, M&A, and DCF. The program blends theory with hands-on learning, allowing students to create real-world financial models.

Duration

4 Months (Live Training)

Cost

₹29,900 + taxes (Self-paced)

₹49,900 + taxes (Job Assist Program)

₹1,49,900 + taxes (Job Guarantee Program)

Pros

• Live, online sessions with practical assignments.
• Learn at your own pace with lifetime access to the LMS.
• Covers basics to advanced financial modeling techniques.
• Dedicated placement cell with a 100% interview guarantee.
• Full refund if you’re unsatisfied with the course.
• Hands-on training in Excel and PowerPoint.
• Learn from top-level finance professionals.
• Accredited master certification from IIM Skills.

Cons

• Entirely online, which may not suit those preferring physical classrooms.
• The course requires significant effort and focus to complete in the given time frame.

Coaching Centers in Which Cities

• New Delhi
• Mumbai
• Gurgaon
• Goa
• Kolkata
• Pune
• Chandigarh
• Hyderabad
• Dubai

Testimonials

Yash Gupta, HSBC:
“Job assurance, practical learning, and weekly doubt-solving sessions are the best at IIM SKILLS.”

Chandan Mehta, Pidilite:
“Guaranteed internships and placement assistance mentioned in the website made IIM SKILLS look more attractive than others.”

Rohit Iyer, IDBI Capital:
“IIM SKILLS offers practical knowledge, which I feel is more important to master any course.”

For more information, please visit:
IIM SKILLS Financial Modeling Course

Also Read– How financial modeling can help MBA freshers

Salary Expectations for Financial Modeling Professionals in Investment Banking

India Salary Range: ₹6,05,500 per year

• Source: According to Glassdoor India, the average salary for an Investment Banking professional in India is ₹6,05,500 per year.
  Glassdoor

U.S. Salary Range: $477,674 per year

• Source: As per Glassdoor USA, the average salary for an Investment Banking professional in the United States is $477,674 per year.
  Glassdoor

Also Read- Average salaries after completing the financial modelling course

Top Financial Modeling Skills for Investment Banking

• Discounted Cash Flow (DCF) Analysis
• Leveraged Buyout (LBO) Modeling
• Merger & Acquisition (M&A) Modeling
• Financial Statement Forecasting
• Valuation Techniques
• Excel Skills for Financial Analysis

Also Read– Why Financial Modelling is the ultimate skill you need to kickstart your career

How to Select the Best Financial Modeling Certifications for You

Assess Career Goals:

Take courses that reflect your career goals in investment banking. If you are squarely in M&A, take a course with a mast on that sail.

Evaluate Course Content:

So make sure these key topics of financial modeling – DCF, LBO, M&A, and valuation are covered.

Consider Recognition:

So select certifications that are valued by top investment banks and financial houses.

Review Flexibility:

Features of the course such as if it is online or in-person, and whether or not it fits your schedule.

Also Read– How Financial Modelling Can Help You Prepare For The CFA 

FAQs

Q1: Are the financial modeling courses for beginners?

Although a handful of classes may expect you to have a rudimentary understanding of finance, most programs are designed to teach you the fundamentals from the ground up. If you haven’t worked in finance for long, make sure the course outlines brief training on the fundamentals.

Q2: How can financial modeling certifications help me in my investment banking career?

Certifications that focus on financial analysis are advantageous as investment banking necessitates strong analytical skills. They also develop skills in important financial modeling, M&A, and valuation which are necessary to reach a top-level finance position.

Q3: Should I self-study financial modeling or take a course?

Although you certainly can learn financial modeling on your own through books, tutorials, etc. a course will give you a structured curriculum, exercises, and guidance from professionals that will make you learn the material more quickly and effectively.

Q4: How long does it take to learn financial modeling?

It takes only 3 to 6 months of avid study to master financial modeling. That varies based on what you already know, and how much time you have to study.

Q5: Are these certifications internationally acknowledged?

Yes, all the certifications such as IMS Proschool’s, FMVA, CFI, and Wall Street Prep certifications are offered by certified and renowned providers and are highly regarded by top financial institutions and the finance industry.

Conclusion

One of the essential certifications needed to pursue a successful career in Investment Banking is Financial Modeling certification.

By selecting a suitable course and acquiring relevant skills, by choosing the right programs you can boost your prospects of securing high-paying roles and gaining progression within the finance industry. These courses will give you the practical knowledge you need to succeed, whether you want to specialize in M&A, valuation, or something else.

Check out IMS Proschool’s Financial Modeling Course to build a strong foundation of understanding modeling and improve your chances of getting into an investment banking job!