Table of Contents
Introduction:
How fuel is vital for a vehicle to run, money is crucial beginning from a small family to the entire nation to run it smoothly. How do you manage and maintain your family finance matters? Of course, you might have anyone in the family who deals with financial matters, but what about an organisation or an institute, a country? Who do we have to manage financial matters? Who suggests or shows us opportunities to invest money?
Yes, we require expertise to handle financial matters. A few institutes prepare experts through financial modelling courses.
Let us try to understand, what is a financial modelling course? and its role and scope of financial modelling course in India.
What is Financial Modelling Course:
Financial modelling is a tool that helps in planning and decision-making in companies. Financial modelling experts are the ones who present the financial status of a company by using the data of the financial statements (calculate revenue, cost, and profit-effective methods). Based on this, in-stock markets decide to buy or sell shares. Financial modelling helps company decision-making in the areas to invest in firms and bidding for projects.
It is the process of creating an understandable excel sheet that tells the inverters or owners of a company about real-world financial situations.
What is the role of Financial Modelling in a company?
Financial Modelling used:
- To assess the Future operational plans in terms of the number of employees required to complete the task; the number of persons to be hired for the position.
- Estimate future financial performances; capital expenditure; estimate funds required for; cash flow generated; the value of equity funds; analyse profit and liquid ratio; stress analysis.
Types of financial models:
Models like three statement models:
It is the most commonly used financial model in preparing Future balance sheets, cash-flow statements, and profit-loss statements.
Merger model:
When two companies try to merge and form a new company, the above merger model is used to assess the future positions of the newly formed company in terms of capital, revenue, and cost.
Discounted cash-flow model:
The above model is used to predict the future valuation purposes of a company.
Budget model:
Leverage buyout model:
It is used in calculating or leveraging between debts and equity in private equity firms.
Initial Public Offering (IPO) model: It is similar to Discounted cash-flow model or comparable company analysis. It has another element in it which is called the IPO model to estimate IPOs.
Comparable Company Analysis:
The above model is used in estimating the valuation of a business based on how the market is valued by the same business in the industry.
Option pricing Model:
This model is also used to calculate the valuation of various options and variables for future investments.
Budget Model:
The name is self-explanatory as the model is used to design a framework to decide the budget of a particular component.
Who should get into financial modelling course:
If you are interested in working in the finance and accounting sector, financial modelling is a good career path to start. The one who wants to make a career in the finance sector can choose a financial modelling course. Remember, it is not a single topic that you can master overnight. You sharpen your analytical skills, valuation, and estimation of financial performances by continuous practice.
The skills required to survive in the finance domain:
Just holding a degree certificate or post-graduation certificate will not help you sustain yourself in the industry.
- It is crucial to have a keenness to learn new skills.
- Good understanding of macro and microeconomics
- Knowledge of financial modelling
- Valuation and estimation of revenue.
- Have an understanding of data and analyse the data by using analytics and Visualisation techniques. Your communication, and presentation skills are vital.
- Accounting and finance knowledge.
- Interpersonal skills.
- Time Management.
What are the eligibility criteria and the scope of the Financial Modelling course:
Like many other courses, there are several gateways to pursuing a Financial Modelling course. There are Undergraduate programs and Post Graduate programs.
The basic eligibility for Under Graduate courses:
Candidates must complete 10+2 with accounting, finance, and mathematics as their major subjects.
Each institute has its policy of providing several seats and the percentage/ score the candidate achieved in 10+2.
Some institutes conduct entrance tests to select candidates; a few choose candidates based on their scores.
Top entrance examinations to enter UG programs
BHU UET: Banaras Hindu University, a prestigious university in India, conducts an entrance examination for various undergraduate programs.
Duration of Undergraduate courses:
Approximately 3 years to 3 and half years.
The basic eligibility for Post Graduate courses:
- As I said above, candidates must complete their bachelor’s degree in accounting and finance.
- Applicants must secure a minimum of 40 percent marks.
- Again some universities and institutes conduct entrance exams to select candidates.
- Duration of Postgraduate courses:
- Approximately two years.
- There are some institutes offer Financial Modelling courses online.
- The duration is for six months.
Top PG entrance examinations:
- CAT: Common Admission Test is an entrance test that opens the gates in IIMs.
- MAT: It is a national-level entrance exam. The All India Management Association conducts national-level tests to get admission into various PG programs.
Popular Financial Modelling courses:
As I said above, there are a variety of courses ranging from certificate courses to Master’s programs.
Certificate courses under financial modelling:
- Chartered financial accountant
- CPA- Certified Public Accountant
- FRM_ Financial Risk Manager
- Chartered Investment Counsellor
Diploma courses:
- Diploma in financial modelling
- Accounts and statistics
- Analytics and Statistics in Finance
- Diploma in finance and investment analysis
Bachelor Courses:
- B.Com. Finance
- B.Sc.Finance and statistics
- B.Com financial mathematics
- B.A Accounting and Finance.
Master’s Courses:
- MBA in Finance
- Masters of Commerce.
- MSc. in Accounts and Statistics.
- Masters in venture capital and equity.
Online certificate courses:
- Finance modelling CPA and CFA
- The investment banker.
- Real estate Financial Modelling.
- FINTECH
- Accounting and Stock Market
The institutes that are offering financial modelling courses online:
A few institutes are offering the course online.
- Henry Harvin
- NSE India
- The Wallstreet School of Investment and Banking.
How to choose the best institute:
If you enrol for the course of Financial Modelling, you should have a checklist to decide the institute.
- The institute must have recognition; the certificate they offer is valid nationwide.
- It is required to gain practical knowledge along with theoretical knowledge; check whether the institute provides any internship programs.
- Next is the faculty and the experience in providing the course.
- The kind of job support they offer.
- Among the above-listed institutes, Henry Harvin is one of the institutes which has brand value and recognition all over India.
The course structure and curriculum they designed are well suited for the industry.
They offer the course online for forty hours of live sessions, and recorded video sessions are available to access even after completing the course.
Bootcamp sessions and one-on-one doubt clarifying sessions are available for the candidates who require support.
They conduct hackathons and provide internships to get hands-on experience.
Henry Harvin provides 100 percent placement support.
Henry Harvin offers other courses in finance domain :
- CPA course
- Financial Statement Analysis
- CFA course
- Stock Market
Common topics/ syllabus covered in the Financial modelling course:
Each course has its curated curriculum and syllabus.
- MicroSoft Excel
- Types of financial models
- Equity research modelling
- Financial statements and ratios
Financial Modeling | What is Financial Modeling | Financial Modeling Jobs
Where are the areas where we can land our career flight in a financial modelling firm?
The number of companies is rapidly increasing who look for candidates who completed the Financial Modelling Course.
- The areas of scope of financial modelling course in India to do the job:
- Investment banking sector firms
- Management Consultancy firms
- Equity research sector
- Private equity firms
- Corporate Finance companies.
- Financial planning and analysis
- Venture capitals
- Real estate development
- Public accounting
- Portfolio management
- Treasury
- Transaction advisory.
- Financial due diligence firms
- Research and outsourcing companies
- Transaction advisory firms.
The list goes on and no doubt about the career growth and scope in financial modelling in India.
What skills do you secure by doing a Financial modelling course:
For any study, there must be objectives from a learner’s perspective and course perspective.
Below is a list of skills you obtain from a financial modelling course.
Accounting skills:
To prepare a financial model for accounting, you need to know and understand the financial statement; be good at numbers.
Strong excel:
Excel is a time-saving tool to develop financial models. You learn to use shortcut keys that save time; learn all the formulas and do calculations, eventually to build models.
How to link three financial statements:
Use formulae to link three financial statements, and build an efficient model, such as the income sheet, balance sheet, and cash-flow sheet.
Problem-solving and critical thinking skills:
logical thinking is the prime requisite for an analyst. When you prepare financial models, you ought to follow a logical flow.
Data assessment and estimation ( forecasting):
Forecasting has a separate value in preparing financial models.
Paying attention to details:
It is crucial to pay attention to details while estimating future investments, cash-flow in financial modelling.
Simplifying complex details-
if anyone can not present a complex work understandably, the work doesn’t get any value. Finance modellers play with numbers and formulae to present models.
Strategic and decision-making skills.
Designing and presentation skills
to present the analysis work understandably by using visual communications, you need designing skills.
In-depth understanding of a business and risk minimisation strategies
Periodic review of the performance
Error checking and debugging
Roles and Responsibilities of a financial modeller in a company:
- The candidates who completed the Financial Modelling course are the experts who perform the analysis of financial data and transactions and present financial statements in an excel spreadsheet.
- The expertise builds models based on the fact sheet to assess the financial situation.
- They are experts with numbers and make everyone understand the numbers.
- Modellers assess risk factors, decision making in investments; maintain a balance between risk and profitability.
- Financial modellers play a vital role in analysing past data and present costs and expenses; future outcomes in terms of profit and loss; help in raising funds and investments.
Functions of financial modellers in management:
- Estimate capital requirements
- Chooses sources of funds
- Disposal of surplus
- Controls finance
- Tax planning and protection of assets
- Ascertains Capital Composition.
- Manages cash-flow
- Decisions of acquisitions and mergers
- Decision on Capital Budgeting.
What are the Job titles they have, and what kind of job responsibilities each position holds:
Financial Manager, Director, Analyst:
The above roles work collaboratively with the other departments in a company or an organisation. Financial managers help identify the status of a business whether it is struggling to find investments; cash flow; threats; what strategies can follow to attract investors.
Financial analysts calculate the performance of bonds and stocks to plan for future ventures.
Financial directors manage budgets, help in developing banking relationships,
Equity Research Analyst, Associate:
Helps investors make decisions by providing in-depth research regarding stock markets. Equity analysts provide data and help investors purchase and sell shares. Equity research analysts are good at excel as they need to build various financial models.
Investment Banking Analyst:
The candidate is an expert who does in-depth research about opportunities for investments in the market; deals with the acquisition merging.
Investment banking analysts:
They are up-to-date with the data on the stock market, investments, and financial status of companies to ensure long-term benefits.
How to become an expert in financial modelling:
The first thing to become an expert in any of the fields is to know and acquire the industry-required skills and practice them thoroughly.
Learning is a never-ending process, work on real-life projects to get hands-on -experience.
Scope of financial Modelling in India:
You know, the entire nation’s economy depends on small-scale industries to large-scale industries, the deciding factors. The future of those organisations depends on the candidates who studied various subjects related to finance. Without anticipating the cash flow, investments, and profit, a company can not move forward and retain in the market. There is a huge demand for candidates who are robust with skills in handling and managing financial commitments of any sized company.
Hence, there is a large spectrum for getting job offers in various finance industries.
If you complete the financial modelling course, or any other specific course related to finance, chances of getting job is higher the rate.
How much salary does a candidate can get after completion of the financial modelling course:
In any Industry, the entire success rate depends on the skillset you acquire and the experience you gained. The financial industry has a larger scope of getting high paid salaries and opportunities than any other industry in the market.
As a beginner, if you enter the finance industry, you withdraw an approximate amount of 3L to 5L per annum.
As you gain experience and continue improving your skills by doing Various certification courses, your salary grows up to 30 L per annum.
Global wide salary ranges from- 80000 USD to 120 000 USD.
Top companies that recruit the candidates after the financial modelling course:
There is a big list of companies who are in need of candidates with specific and special skills in financial modelling.
Example:
A few companies require equity and research analysts. A few others may require only financial managers.
Here I share the general list of companies that recruit candidates with a finance modelling background.
- E&Y ( Ernst & Young)
- World Bank
- Applied Materials
- HSBC
- Karvy group
- L&T (Larson & Turbo) finance
- Birla Global Finance
- Cisco
- Goldman Sachs
- Deloitte
- Morgan Stanley
- Citi Bank
- ICICI direct
Conclusion:
The financial modelling course enhances your professional and personal growth. The above blog might help you get an idea about the scope of financial modelling courses in India, the range of salaries, the course types, and the list of companies that need experts.
Now, it’s your turn. You spend time to know further details like the scope of the financial modelling course. Choose the best program that benefits you to reach your goal. Choose the best program and best institute.
Recommend Reads:-
- 10 Best Financial Modeling Courses Online
- Top 10 Best Financial Modeling Courses in India
- Top 12 Financial Modeling Courses in Pune
- Top 9 Interview Questions and Answers of Financial Modeling
FAQ’s
Ans. One who completed the 10+2 standard can take up the course.
If you are an undergraduate with accounts and finance as your major subjects then you can take up a Post-graduation program or certificate program.
Ans. The course fee always depends on the kind of institute you choose and the course type( online or in-person).
The minimum fee for online courses is 25 thousand to 35 thousand.
Ans. It is easier if you studied finance subjects in your previous classes, as it will ease your next journey. However, if you have not studied those subjects, still get to pursue them. You can choose a post-graduate diploma or certificate courses, and you need to work harder to gain skills.
Ans. Yes, definitely. It is a global demand course, and candidates with sophisticated skills are like hotcakes, and companies recruit them even abroad.
Ans. You can be an entrepreneur, start your own business or work with a group of people and provide your services to companies.
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