Why Financial Modeling is the ultimate skill you need to kickstart your career in 2022

A career in finance can be very fulfilling. There is a lot of money to be made (for your company as well as you). There are many incredible opportunities to explore. Whether you choose to go into investment banking, financial planning or management accounting, the job can be highly satisfying and financially rewarding.

It’s also highly competitive. Cutthroat, even. You need to have intensive finance training, possess strategic skills and be sharp as a tack. You should be decisive, perceptive and business-savvy. More importantly, you must know the latest tools and techniques for your trade. 

For that, you need financial modelling. It is an essential skill that can get you shortlisted when applying for finance jobs. This skill can give you the edge you need to get ahead in your career.

A quick look at financial modelling 

This finance course has so many applications within the industry. It uses a spreadsheet software like MS Excel to create a company’s fiscal model, which in turn, helps evaluate the organisation’s performance and profitability. As a financial modeller, you have a wide range of responsibilities such as:

  • Gathering historical financial data about the company within a time frame
  • Using specific parameters to document these details 
  • Analysing the information to make predictions about the firm’s future performance
  • Creating presentations and financial statements 
  • Investigating potential risks 
  • Discovering new opportunities for future business ventures
  • Help the company make sound, well-informed decisions based on the data collected
  • Suggesting budgetary modifications 
  • Creating an authentic valuation of the company

Why you should learn financial modelling 

Your job is to collate and structure financial information according to the firm’s requirements. The program can be used for extensive reasons, such as raising capital, mergers and acquisitions or investment opportunities. Every corporation needs a reliable, efficient and competent financial modelling specialist who can get the job done. 

In many cases, companies make business decisions after reviewing the essential financial models. It makes you a valuable player on the team. Someone who helps the organisation move in the right direction and make the correct choices. 

If you are pursuing an ACCA certification, the CFA course or an MBA degree, a financial modelling course can help enhance your career prospects. 

The eligibility criteria 

  • The course is open to graduates and post-graduates from all streams 
  • You can also apply if you are still studying for your degree

Special features of the financial modelling course

  • The duration is for 3 to 4 months 
  • You receive thorough training in advance MS Excel, learn about financial statement analysis and equity modelling
  • You learn Level 1 of the CFA program, which improves your financial knowledge. It is also perfect for students who are planning to apply for the CFA in the future
  • The curriculum covers subjects such as 
    • Excel proficiency 
    • Financial Statement and Ratio Analysis
    • Preparing Financial Statements 
    • Project Finance 
    • Equity Research Modelling
  • You can also receive additional training in VBA-Macros along with mergers and acquisitions
  • A good coaching institute will help you prepare for the exams and with placements
  • You can choose to learn in a classroom, through live virtual classes or self-study with online resources

Career prospects after completing the course

The demand for financial modelling is steadily rising in India. Financial firms, MNCs, banks and government organisations recognise the value of this skill set and often prefer to hire certified candidates. Today, the knowledge of advanced tabulation spreadsheet software can greatly impact your career opportunities. While most companies used to prefer candidates with an advanced degree or an MBA, a financial modelling cause can help you secure finance jobs after B.com graduation.

The course also helps you increase your chances of scoring a research-based job in finance. You also get a sneak preview into the first level of the CFA program. FM helps to build a solid foundation so you can excel at whatever you decide to pursue afterwards.

Financial modelling can also enhance your existing qualification

Do you have a certificate or degree from any of the following professional courses? 

  • ACCA
  • CFP
  • CFA
  • Investment banking 
  • CA
  • MBA
  • Engineering 

The FM course can be a great add-on to your certification. Most finance and accounting jobs need financial modelling expertise as part of the profile. It will help you be eligible for many openings from financial firms, banks and even the big 4. 

There are just some of the many possibilities that open up after you get your certificate. You instantly become a better hire than other candidates without similar qualifications. 

How financial modelling can help different careers in finance:

  • Equity research analysts

You can use the spreadsheet software to log historical financial data and make predictions based on the recordings

  • Treasury managers

You can use financial modelling to organise and process funds and capital of a company

  • Portfolio managers 

You can manage, update and monitor the progress of the investments using financial modelling

  • Investment banking analysts

You can use your expertise in financial modelling to work on mergers and acquisitions and IPO 

  • Financial analysts

The spreadsheet models can help you analyse and predict your company’s fiscal performance

  • Financial research analyst

Financial modelling is a crucial skill that will help you when you are examining market trends, collecting data and making business decisions

  • Credit research analyst

Your finance training will help you keep track of the credit scoring system 

Salary packages for professionals with financial modelling certification

  • If you are a financial modeller, your average salary will be around 21 lakhs a year
  • Freshers start with 8 lakhs per annum, while senior professionals can make up to 50 lakhs

Skills needed for a financial modelling career 

#1 Analytical skills 

You need an inquisitive mind and a methodical style of working when researching. Facts are necessary, but so are the details behind them.

#2 Excellent computer skills 

You should know your way around an MS Excel sheet. This software has several advanced tools and techniques to help you with your work. 

#3 An eye for detail

When dealing with a ton of financial data, you need a sharp eye to spot the particulars.

#4 Good presentation skills 

A competent financial modeller will use numbers and figures to tell a story about the company’s output, performance and prospects.

#5 Accounting knowledge 

You must have a firm grasp of accounting and finance concepts.

#6 Strategic planning

A tactical mind will be able to use the findings in the financial model to make business-related predictions. 

In conclusion 

Companies are constantly looking for efficient finance professionals with the skills to organise and manage data. They help them make informed decisions that can have an impact on productivity and profits. An exemplary financial modelling course will give you the expertise to process important information methodically. If you are planning for a career in finance, this is the ideal program to pursue. Are you already a working professional? Then this course will put your career in a higher league. Fields such as accountancy, corporate finance, investment advisory services, equity research, retail banking and venture capital all have financial modellers on their teams. So if you want to move ahead in this industry, a financial modelling certificate on your resume will do the trick. 

Visit here to register for the financial modelling course today.