How to Learn Financial Modelling: Online, Offline & Self-Learning Options

Imagine holding the key to unlocking the intricate world of finance, where numbers reveal secrets and decisions pave the way for success. Now, ask yourself: What if acquiring financial modelling skills is the key to unleashing this power? 

In a world driven by data, the ability to create insightful financial models is not just a skill; it’s a game-changer. If you’re intrigued by the idea of mastering financial modelling, you’re in the right place. This blog is your compass, guiding you through the diverse avenues of learning—online, offline, and self-learning. Let’s help you unravel the significance of financial modelling and discover the pathways to acquire this invaluable skill.

Why Learn Financial Modelling?

Financial modelling empowers decision-making by creating mathematical representations of financial situations, enabling analysts to predict outcomes and understand the impacts of decisions. From valuing companies to forecasting cash flows, it is crucial in investment analysis, mergers, and strategic planning. Used across diverse fields, financial modelling translates data into actionable insights, facilitating sound financial decisions for investors, analysts, and companies navigating the complex finance landscape.

Career opportunities and advantages for those proficient in financial modelling

Proficiency in financial modelling is a key asset, offering diverse career opportunities and strategic advantages. These skills are sought after in various sectors like finance, investment banking, corporate strategy, equity research, mergers and acquisitions, risk management, and entrepreneurial ventures, aiding in decision-making, investment analysis, and mergers and acquisitions. Financial modellers contribute to strategic planning, risk management, and entrepreneurial ventures. Mastering financial modelling sets professionals apart in the competitive job market, showcasing strong analytical and problem-solving capabilities for roles in finance, investment banking, and corporate strategy. It’s a game-changer, positioning you as a forward-thinking professional ready for the complexities of today’s business landscape.

Eligibility for Financial Modelling Courses

Financial modelling courses are open to everyone, no matter your background. You don’t need prior finance knowledge, just a willingness to learn and good analytical skills. Knowing Microsoft Excel is a plus, but not required.

Learn Financial Modelling Online 

The significance of online learning in financial modelling lies in its accessible and flexible nature, allowing you to acquire valuable skills without geographical constraints. Online platforms offer interactive resources, real-world case studies, and expert-led instruction, enhancing the learning experience. The COVID-19 pandemic has accelerated the adoption of online education, reshaping the educational experience and emphasizing the importance of virtual learning environments. This transformation highlights the resilience of the education sector in embracing innovative approaches to learning.

Pros of Online Learning

• Flexibility
• Accessibility
• Cost-Effective
• Self-Paced Learning
• Diverse Learning Materials

Cons of Online Learning:

• Limited Social Interaction
• Technology Challenges
• Self-Motivation Required
• Potential for Distractions
• Limited Hands-On Activities

In recent years, the landscape of education has undergone a significant transformation, and online platforms have become pivotal in acquiring new skills.

• Coursera offers a range of financial modelling courses in collaboration with top institutions, featuring both free specializations and paid programs. These courses cover spreadsheet models, techniques, and investment research, providing shareable certificates. Highlights include courses like “Fundamentals of Quantitative Modeling” from institutions such as the University of Pennsylvania’s Wharton School of Business.
• Skillshare, an educational platform, facilitates instructors in sharing course content, including financial modelling. While it primarily operates on a subscription model with premium content requiring a fee, Skillshare offers a 14-day free trial for new members. This trial period allows users to explore diverse courses, including financial modelling, and experience the platform’s broad range of educational content from various instructors.
• Udemy, a versatile online learning platform, empowers instructors to set course prices, catering to both free and paid options. This flexibility allows learners to choose courses based on their preferences and budget. With a diverse range of financial modelling courses available, Udemy offers learners a mix of free and paid options, ensuring accessibility and choice in pursuing educational content aligned with their specific needs and skill levels.
• LinkedIn Learning, an extension of LinkedIn, provides professional development courses, including free and paid options on topics like financial modelling. Taught by industry professionals, the platform offers insights for career goals, emphasizing real-world applications for a valuable learning experience.

The rise of online learning has made financial modelling education accessible to all. These courses cover a variety of topics to suit different needs, budgets, and skill levels.

Learn Financial Modelling Offline

Traditional classrooms offer dynamic learning with face-to-face interactions, instant feedback, and a structured curriculum covering comprehensive financial modelling. They foster networking, discipline, and personalized support, with practical projects and case studies. Despite online popularity, classroom education provides a rich, interactive learning experience combining theory and application.

Pros of Offline Learning:

• In-Person Interaction & Networking
• Immediate Q&A
• Classroom Dynamics
• Scheduled Classes
• Hands-On Experience
• Physical Resources
• Practical Sessions
• Guest Lectures
• Immediate Feedback
• Instant Clarification
• Personalized Guidance

Cons of Offline Learning:

• Geographical Limitations
• Limited Flexibility
• Pace of Learning
• Individual Learning Styles
• Limited Resources
• Dependency on Facilities
• Geographical Barriers
• Travel Time and Cost
• Course Updates
• Outdated Materials

Learn Financial Modelling Course via Self-Study

Embarking on a journey to master financial modelling often involves choosing the right offline learning platform. 

IMS Proschool stands out as a pioneer in the field of education. Offering a comprehensive Financial Modeling course, we emphasize an active learning approach where students build six financial models through hands-on experiences. The curriculum covers essential areas such as Investment Banking, Equity Research, and Project Finance.

Key Features:

Active Learning Approach:

• Build 6 Financial Models through hands-on experience.
• Emphasis on practical learning.

Expert Faculty:

• Learn from industry experts with 30+ years of combined experience.
• 8+ Hours Of Live Faculty-Led Training Every Week
• 24/7 doubt resolution ensures a seamless learning experience.

Placement Focus:

• Solve placement-oriented case studies from diverse industries.
• Dedicated mentors guide your growth for career success.

Customized Learning:

• Tailor your learning plan for comprehensive CFA subject coverage.
• Revise all subjects within a strategic 6-month timeframe.

Valuable Placement Assistance:

• Leverage IMS Proschool’s network for internships and job opportunities.
• Transparent placements with feedback

Certifications:

• Recognized certifications from NSDC & NSE.
• Additional Certification from IMS ProSchool
• Enhances credibility in the finance industry.

Outcome-Oriented:

• Placement Assistance provided.
• The average salary for graduates is Rs.4.5 LPA

Pathways After Financial Modeling:

• Equity Research: 3-month course with NISM Certification leading to Equity Analyst role.
• Investment Banking: 3-month course with NISM Certification leading to roles in Investment Banking.
• CFA: 3-year course covering all 3 levels, leading to a CFA Charter from CFA Institute and roles as a Financial Analyst.

Special Features:

Trained 15,000+ professionals since 2008.

Monthly batches.

CFA Level 1 Preparation:

• Ideal for future CFA applicants.
• Enhances financial knowledge.

Comprehensive Curriculum:

• Excel proficiency.
• Financial Statement and Ratio Analysis.
• Project Finance.
• Equity Research Modeling.

Additional Training:

• VBA-Macros.
• Mergers and Acquisitions & LBO
• Tableau & PowerBi

Flexible Learning Options:

• Classroom
• Live virtual classes
• Self-study with online resources 

Who Can Enroll?

• Aspiring decision-makers from any educational background.
• Individuals keen on mastering financial modelling for project finance, equity research, and more.
• Open to anyone seeking a dynamic skill set for diverse career paths.

Duration: 3 to 4 months.

Fee: (20% waiver for all IMS students)

Classroom: Rs. 40,000/-

Live Online: Rs. 32,000/-

The Wall Street School’s (TWSS) Financial Modeling and Valuation Course (FMVA) is led by industry experts who have navigated major investment banks. This flagship program is designed to bridge the gap between theory and real-world finance.

Key Highlights:

Practical Training for Job Readiness:

• The program focuses on practical training, ensuring participants are well-equipped for real-world challenges.
• Instructors bring their extensive experience from major investment banks, providing invaluable insights.

Comprehensive Curriculum:

• 180 hours of intensive finance training covering key concepts.
• Live classroom learning in Delhi and Mumbai, with hybrid classes accessible globally.
• Access pre-recorded classes anytime, anywhere for added flexibility.

Global Reach and Accessibility:

• Live hybrid classes cater to participants across the world, breaking geographical barriers.
• Over 25,000 students globally have benefited from 255+ live and classroom sessions.

Who Can Enroll:

• The FMVA certification is suitable for a diverse range of participants, including Chartered Accountants, CFA candidates, ACCA students, engineers, MBA students, graduates, and anyone interested in finance.

Training Fee: Rs 45,000 +GST

Placement Fee: Rs 75,000/- (Success based variable fee)

Admission Process Fee: Rs 1,000/-

EduPristine has established itself as a prominent player in finance education, offering a range of courses, including Financial Modeling. 

Course Highlights:

• Developed in collaboration with the prestigious BSE Institute Ltd.
• Joint Certificate Program from EduPristine and BSE Institute Ltd
• 14 days of extensive classroom sessions (70 hours).
• Interactive learning environment with experienced and passionate trainers.
• Pre-recorded lectures for flexible learning.
• Detailed study notes and real-life case studies for practical insights.
• Hands-on training with Excel workbooks.
• Emphasis on real-world application through case studies.
• 24*7 Learning Management System (LMS) access for a year.
• Dedicated discussion forums for collaborative learning.

Course Curriculum Overview:

• Day 1: Excel Tips
• Day 2, 3, 4 and 5: Case Study
• Day 6 & 7: Merger & Acquisition
• Day 8, 9, 10: Project Finance
• Day 11, 12: Macros
• Day 13, 14: Valuation Case Study
• Day 15: Visualization in Excel
• Day 16, 17: Power BI

After Course Engagement (ACE):

• Continued support and engagement post-course completion.
• Career services to assist in leveraging your financial modelling expertise.

Duration: 60 hours (Online)

Total Tuition Fees: Rs. 25,000/-

Self-Learning Options for Financial Modeling

A few platforms offer a dynamic and flexible Self-Study program designed for individuals eager to delve into the intricacies of advanced financial modelling, valuation, investment banking, and more. Let’s take a closer look at what this self-study option entails:

• Opt from a variety of bundled courses, each crafted to provide both breadth and depth in financial modelling concepts.
• Advanced topics include financial modelling, valuation, mergers & acquisitions, leveraged buyout, and more.
• Access pre-recorded lectures, Q&As, Past exam papers, case studies and more interactive training content for an immersive learning experience.

Self-Study Platforms

IMS Proschool offers a comprehensive Financial Modeling Course designed for job readiness in just 3 months, unlocking access to 700+ core finance jobs. The program covers fundamental knowledge and practical skills essential for roles in Investment Banking, Equity Research, Portfolio Management, Project Finance, Credit Research, and Financial Planning & Analysis.

Key Features:

• Batches start every month with 8+ hours of live faculty-led training per week.
• Pathways include Financial Modeling Plus, Certificate in Equity Research, and the prestigious CFA Course.
• PG Pathway covers 6 subjects + 1 project with two exam windows every year, leading to a PGCM or pathway to an MBA.
• 15,000+ individuals trained since 2008 with a focus on applied learning
• Certifications from NSDC & NSE + IMS Proschool
• Placement assistance with an average salary of 4.5 LPA.

Eligibility:

• Open to all finance enthusiasts 18+ years, regardless of education stream or age.

Conceptual Knowledge: Financial Statements, Financial Management, Ratio Analysis, Valuation Methods.

Practical Skills: Excel, Advanced Excel, Financial Modeling, Report Writing, Presentation skills.

Functional Skills: Critical Thinking, Analytical Skills, Decision Making.

The syllabus includes Excel Proficiency with advanced modelling techniques, data filters, pivot tables, vlookup, and more. The program emphasizes active learning, ensuring participants gain practical expertise for a successful career in finance.

Course Material

• Study Material & Exams Kits
• Pre-recorded Lessons
• Q&As and Past Exam Test Papers 
• Dedicated discussion forum

Self-Study Fee: Rs. 20,000/- (20% waiver for IMS students).

Wall Street Training (WST) offers a Self-Study program in advanced financial topics with a free trial. The interactive video platform includes Excel templates, and WST Certification is available. The self-study content mirrors corporate training, emphasizing practical application with real-world case studies. Corporate training options come with discounts, and WST’s Verification of Completion is a cost-effective confirmation of exercise completion.

Course fee range: $150 to $750

Wall Street Prep offers comprehensive finance courses, emphasizing practical training for careers in investment, corporate finance, and more. Founded by investment bankers, it provides courses like Financial Modeling Self Study. The 45-hour Financial & Valuation Modeling Certification Program covers various models and Excel fundamentals. Participants gain a globally recognized certificate with placement assistance, enhancing crucial finance skills in a self-paced program.

Course Fees: US$499

The Corporate Finance Institute (CFI) offers a 4-6 month Financial Modeling & Valuation Analyst (FMVA) course covering practical financial analysis and modelling skills in a flexible online self-paced format, with 39 available courses, 200+ interactive exercises, and recorded lectures. Industry-driven curriculum, extensive resources, and certificate options, including blockchain certifications, make it a good choice for those seeking to excel in finance.

Course Fees: $497/year

Tips and Tricks for Effective Self-learning.

• Set clear learning objectives and goals for financial modelling self-study.
• Choose reliable online courses, books, and materials for comprehensive learning.
• Develop a realistic study plan covering various financial modelling topics.
• Apply theoretical concepts through solving practical problems and real-world cases.
• Join online forums for continuous feedback and improvement.
• Establish a consistent study routine for steady self-learning progress.
• Explore interactive online platforms with tutorials, videos, and practice exercises.
• Regularly assess understanding and progress to identify improvement areas.
• Connect with industry professionals or learners for insights.
• Stay updated on industry trends, updates, and new tools.

Combining Learning Approaches: A Hybrid Approach

To enhance your learning, we blend online, offline, and self-study methods. Online courses offer flexibility, offline sessions provide hands-on guidance, and self-directed learning allows exploration. Practical workshops simulate real-world problem-solving, guided by mentors with regular check-ins. Technology, like virtual reality, enhances engagement, creating a well-rounded educational experience.

Key Components of a Comprehensive Financial Modeling Course

Choose a financial modelling course with essential topics like financial statement analysis, Excel proficiency, and real-world case studies. Prioritize practical applications, covering areas like mergers and acquisitions modelling and corporate finance. Look for updated content reflecting industry trends and avoid overly theoretical or outdated courses lacking hands-on exercises. Prioritize a course that covers crucial topics, and practical applications for an effective financial modelling learning experience.

Points to note:

• Avoid excessive theoretical content.
• Ensure real-world relevance.
• Verify updated course materials.
• Prioritize hands-on learning opportunities.
• Assess the course structure for effectiveness.
• Ensure interaction with instructors.
• Seek placement assistance opportunities.
• Access supplementary tools for enhanced learning.
• Consider the flexibility of the course.
• Verify industry recognition.

Connect with IMS Proschool to learn about our Financial Modeling courses. 

FAQs

1. Can I learn financial modelling without a finance background?

Yes, it’s possible to learn financial modelling without a finance background. Many courses are designed to accommodate beginners, providing step-by-step guidance. However, having a basic understanding of finance concepts can be advantageous.

2. What are the key skills required to excel in financial modelling?

Key skills for financial modelling include proficiency in Excel, a strong understanding of financial statements, knowledge of valuation methods, attention to detail, critical thinking, and the ability to interpret and analyze data.

3. How long does it take to become proficient in financial modelling?

The time to become proficient varies based on individual learning pace and the complexity of the models. On average, it may take a few weeks to a few months of consistent practice and learning to gain proficiency.

4. Are there free resources available for learning financial modelling?

Yes, there are free resources like online tutorials, YouTube videos, and articles that cover financial modelling basics. However, for more comprehensive and structured learning, investing in paid courses often provides additional benefits.

5. How can I showcase my financial modelling skills to potential employers?

Build a strong portfolio by creating diverse financial models. Include these in your resume and online profiles. Obtaining certifications from reputable institutions can also enhance credibility. Additionally, consider networking, attending industry events, and participating in relevant online forums to connect with potential employers.