Financial modeling involves presenting an organisation’s financial information numerically using digital worksheets. It aims to forecast a firm’s performance based on past and present data. Analysts use this tool to anticipate how certain internal or external events can affect a company’s growth trajectory. This article explores the top 10 financial modeling courses in Serbia that will help you acquire the skills that are critical to excel in this field. By the end of this guide, you will gain a comprehensive understanding of the scope of financial modeling, potential career paths, and the institutions offering these programs in Serbia. Equipped with this information, you can take the first step towards building a successful career in the finance industry.

Below is the comprehensive guide to the best financial modeling courses in Serbia.

Top 10 Financial Modeling Courses in Serbia

IIM SKILLS

IIM-SKILLS-LOGO-

About IIM SKILLS

With over 15,500 sessions conducted since its inception in 2015, IIM SKILLS has trained over 45,000 learners across the world and helped them develop the skills they need to succeed in their workplace. As one of the top global Ed-tech companies, IIM SKILLS provides 15+ industry-relevant courses in rapidly expanding sectors like finance, digital marketing, and data analytics.

Renowned news publishers such as Hindustan Times, The Indian Express, Entrepreneur, The Statesman, The Daily Guardian, The Financial Express, among others, have rated IIM SKILLS as the best institute for high-quality instruction and the best placement services.

Why IIM SKILLS?

It is a government-recognised institute, which makes it one of the most credible financial modeling institutes in Serbia
It provides students with lifetime career support
100% money-back guarantee after 1st session if students are not satisfied
Strong positive feedback from students as indicated by Google reviews (4.9 stars) and Trustpilot (4.8 stars)
Students receive personalised guidance from dedicated learning managers who are available 24*7

Financial Modeling Course Details

Financial Modeling Master course
Program Duration Fees
Self-paced 1 year (access to learning portal) RSD 45,400 + taxes
Master program 4 months + Internship RSD 58,900 + taxes
University PG Program 4 months + Internship RSD 2,27,641 + taxes

Certification

The certifications that students get on completing IIM Skills’ financial modeling courses in Serbia are –

  • IIM SKILLS and Lisburn University certification
  • Capstone certification from JP Morgan, Bank of America, New York Jobs CEO council and BCG

Past Placements

  • They have tie-ups with 550+ Hiring partners.
  • Students from IIM SKILLS’ financial modeling courses in Serbia have been placed in reputable organisations worldwide, like Amazon, PWC, Ernst and Young, Citi group, KPMG, Cognizant, Deloitte, J.P. Morgan, etc.
  • They make students job-ready through LinkedIn profile optimisation, mock interviews, resume building, workshops on corporate culture, and behavioural skills.

What We Liked About IIM SKILLS?

In addition to hackathons and group assignments, the course also includes four practical projects
The faculty consists of experts with considerable industry experience
The latest tools and techniques are covered during the sessions
Live sessions conducted to clarify doubts
Assured a paid internship after completing training sessions
Assignments spread over 100 hours
Opportunities for international freelancing
Lifetime access to the learning portal

What We Didn’t Like About IIM SKILLS?

The fees are slightly higher than those of other financial modeling institutes in Serbia. However, since this course can open doors to a highly lucrative career in finance, it is well worth the initial investment.

Moreover, IIM SKILLS also helps students by offering instalment options for payment of fees, thereby reducing the burden.

Final Verdict

IIM SKILLS offers a good blend of theory and practical training. With accreditation from the Indian government, certification from an esteemed institute like Lisburn University, assured placement, money-back guarantee, and 1:1 support from faculty, their financial modeling courses in Serbia tick all the right boxes.

Contact Details

Phone +91-9580740740
Email info@iimskills.com
Website https://iimskills.com

 

The Knowledge Academy

The Knowledge Academy logo

About The Knowledge Academy

The Knowledge Academy has 10+ years of experience in equipping professionals with lasting skills for success in their careers. Apart from government bodies, public sector companies, and individuals, they have also provided training services to over 300,000 companies, including Google, BMW, Deloitte, and Ford.

Why The Knowledge Academy?

Largest global portfolio of courses at competitive prices
Courses are accredited by leading organisations like APMG, Axelos, CMI and BCS.
Students can access this course from over 490 locations in 190 countries
46,000+ reviews on Trustpilot, averaging 4.5 stars

Financial Modeling Course Details

Financial Modelling and Forecasting Training in Belgrade
Program Duration Fees
Live online instructor-led 1 day RSD 217,345
Online self-paced 8 hours RSD 217,345
Classroom (in Belgrade) NA* NA
Onsite (for organisations) NA NA

Certification

The Knowledge Academy certification is provided upon successful completion of their financial modeling courses in Serbia.

Past Placements

Unlike many other financial modeling institutes in Serbia covered in this article, The Knowledge Academy does not offer placement assistance as part of this course.

What We Liked About The Knowledge Academy?

Expert trainers with vast industry experience
Assessments conducted through practical assignments
24/7 support through phone and email during and after the course
Suitable for beginners as well as experienced professionals

Prerequisites – Basic understanding of financial concepts, Excel, and prior experience in finance or accounting

Comprehensive digital resource pack
They also offer discount codes to help students with limited finances

What We Didn’t Like About The Knowledge Academy?

  • Lack of placement support
  • Since this is a 1-day course, freshers may find it difficult to absorb all the modules covered in this course in such a short period.

Final Verdict

  • The Knowledge Academy is one of the few financial modeling institutes in Serbia that offers corporate training services at some of the top companies. This means they are attuned to the needs of the corporate world. Hence, they will ensure that they train their students, keeping in mind modern corporate requirements.
  • The lack of placement assistance and the short duration of their financial modeling courses in Serbia indicate it might be more suitable for individuals who are already working in the financial sector and are looking to upskill.

Contact Details

Phone +44 1344 203 999

 

Unichrone

Unichrone- Logo

About Unichrone

Unichrone offers training and development services in more than 170 countries in the following areas: IT governance, DevOps, cloud computing, project management, cyber security, IT software, and quality management. Their clients include firms like Accenture, DHL, Atos, DuPont, and Philips.

Why Unichrone?

Over 1200 highly qualified instructors from a variety of industries
Over 70 courses and more than 5000 tutored sessions conducted
Online courses are conducted across various countries
Courses accredited by globally recognised bodies
Average course rating – 4.8/5
World-class training materials

Financial Modeling Course Details

Financial Modeling and Forecasting Training in Serbia
Program Duration Fees
Live online instructor-led 1 day RSD 92,720
Classroom 1 day NA
Onsite (for organisations) NA NA

Certification

Certification is provided by Unichrone on successful completion of the course.

Past Placements

Unichrone is one of the few financial modeling institutes in Serbia that does not offer placement assistance as part of its course. However, their past students have succeeded in securing roles in Fortune 1000 firms and more than 700 international corporations.

What We Liked About Unichrone?

Live interactive instructor-led sessions as well as classroom courses
Unichrone covers a wide range of techniques in its financial modeling courses in Serbia
Course materials designed by subject matter experts
Mock examinations. Online learners can take these exams virtually, and in-person learners take them physically
Case studies for practical learning
Ongoing support through email, phone, and chat
No official prerequisites to join this course; however, it is helpful to have some prior knowledge

What We Didn’t Like About Unichrone?

  • Lack of placement assistance may prove to be a hindrance for beginners. However, their cutting-edge training programs have made it easier for professionals to pursue opportunities with some of the top organisations around the world. This indicates that learners can succeed in getting placed, provided they are proactive in their job search.
  • The one-day course may be fast-paced for individuals who are new to finance.

Final Verdict

This one-day online course is perfect for finance professionals who cannot commit to longer-duration training but are interested in upskilling. Beginners who need more in-depth training can opt for some of the other financial modeling institutes in Serbia mentioned in this article.

Ernst and Young (EY)

EY- Logo

About Ernst and Young

As one of the Big Four consulting firms, Ernst and Young (EY) provides assurance, tax, IT services, consulting, and advisory services to its clients. They also provide learning solutions to businesses as well as individuals across Europe, Asia, and Africa.

Why EY?

Due to its international reach, EY can incorporate global perspectives in its training programs
To keep the programs relevant, they are regularly updated
Practical, relevant, and stimulating courses
Highly competent trainers with first-hand knowledge of the subjects

Financial Modeling Course Details

Certificate in Financial Modelling and Valuation
Program Duration Fees
E-learning 36 hours RSD 25,784

Certification

EY will award a certificate of completion to all participants who complete the financial modeling courses in Serbia and clear an online assessment consisting of MCQS, with at least a 50% score.

Past Placements

EY is one of the few financial modeling institutes in Serbia that does not provide placement assistance as part of their courses. Also, we could not find any record on their website about past placements.

What We Liked About EY?

Participants learn how to create robust financial models, assess historical data, and effectively present financial information
In-depth instructional videos and presentations
Six months of access to the learning portal
Suitable for graduates, finance professionals
Support through email
Exhaustive case studies that cover every module

What We Didn’t Like About EY?

  • Lack of placement support
  • No live interactive classes, so beginners may be unable to get clarifications for their queries in real-time.

Final Verdict

Since the course is for a short period of 36 hours, it is more suited for individuals who have at least a basic qualification or experience in finance or accounts. If you are aiming for career growth, then this course can add considerable value and credibility to your profile as it is being provided by one of the Big 4 finance firms in the world.

Contact Details

Phone + 91 9811638456

 

BPP

BPP- Logo

About BPP

BPP has over 4 decades of experience in nurturing talent amongst its students. More than 65,000 students participate annually in their vast array of over 300 career-focused programs.

They are the education partners for leading organisations around the world, like the NHS, Grant Thornton, NatWest Group and Hogen Lovells.

Why BPP?

Use of diagnostic tools to ascertain gaps in knowledge
AI technology to customise the learning process
A virtual practice environment to simulate real-life business scenarios and professional practices
Extensive support from coaches and support teams
Learner data is available on user-friendly dashboards
Provide training to upskill workforces in large multinationals and small to medium enterprises.

Financial Modeling Course Details

Financial Modelling – comprehensive
Program Duration Fees
Online live 2 days RSD 228,928
Classroom (only in London) 2 days RSD 228,928
Financial Modelling – advanced
Program Duration Fees
Online live 2 days RSD 228,928
Classroom (only in London) 2 days RSD 228,928

Certification

No information about certification has been provided on their website.

Past Placements

BPP does not provide placement assistance as part of its courses. Also, there is no record on their website about past placements.

What We Liked About BPP?

  • To ensure that the models are reliable, flexible, and robust, the course focuses on best practices and what to avoid while creating financial models.
  • They also offer advanced financial modeling courses in Serbia for those who already have basic Excel financial modeling skills but are seeking to learn more sophisticated methods.
Courses available through live online sessions or in classroom format (in London and Edinburgh)
Participants will produce a comprehensive set of predicted financial statements using actual historical data
Students will work alongside their respective instructors to build their financial model
Both accountants and non-accountants can take up this course. However, a basic understanding of accounting concepts is preferable
Students will need 2 screens (a tablet/smartphone for online classes, and a computer for practising Excel alongside the classes)

What We Didn’t Like About BPP?

  • Lack of placement support
  • Short duration of the course

Final Verdict

BPP is one of the financial modeling institutes in Serbia with a comprehensive training program where the focus is on the practical application of knowledge. The in-depth training and expert teachers are points in its favour.

They use innovative resources, like virtual practice environments, and AI for personalised learning paths, which enhance the learning experience.

The training is covered over 2 days. BPP does not have a placement program. Their financial modeling courses in Serbia may not be suitable for individuals looking for longer-duration training or post-training placement services.

Contact Details

Phone +44 (0) 3300 603 100

 

VGLD

VGLD- Logo

About VGLD

With over 33 years of experience in the field of education and training, VG Learning Destination (VGLD) was established to offer high-quality, easily accessible online education. Supported by educators with thirty years of experience and more than 150 franchises, VGLD is dedicated to helping finance and accounting professionals reach their full potential.

Why VGLD?

Industry expert faculty
Exclusive study material
Personalised mentor support
Case studies and real-world projects

Financial Modeling Course Details

Although details about their financial modeling courses in Serbia, like duration and fees, are not mentioned on their website, you can get this information by connecting with them through email, WhatsApp, or the chat window on their website.

Certification

After completion of their course in Serbia, students get the VGLD certificate of completion. This certificate is well-regarded by some of the leading financial firms.

Past Placements

VGLD offers 100% placement assistance to students. As one of the leading financial modeling institutes in Serbia, their alumni have been placed in reputed organisations around the world, like Deloitte, Berkshire Hathaway, Deutsche Bank, Wells Fargo, Visa, Barclays and American Express.

What We Liked About VGLD?

Suitable for finance graduates, working professionals, students, and business owners, as well as beginners in the field of finance
Their financial modeling courses in Serbia teach you how to create financial models from the bottom up using programs like Excel
Comprehensive learning resources
In-depth coverage of topics through multiple modules
Flexible learning via live online classes and access to recorded sessions

What Didn’t Like About VGLD?

  • Although they have stated that their certifications are recognised by top employers, the names of those employers have not been mentioned.
  • They have not mentioned the duration and fees of their course. A student’s decision to enrol depends on the comparison of the features between different financial modeling institutes in Serbia. Students will need to contact VGLD directly, which can be inconvenient.

Final Verdict

VGLD’s curriculum for their financial modeling courses in Serbia stretches over multiple units, thereby ensuring that they cover the topics in a detailed manner. Their course is highly suitable for individuals who value strong mentorship and practical application-based studies.

Contact Details

Phone +91 9700000038

 

IMS Proschool

IMS Proschool- Logo

About IMS Proschool

Established in 2011, IMS Proschool has upskilled over 25000 students, trained 10,000+ employees and has more than 100 expert tutors. They use an active learning approach where students are exposed to practical training right from the start of the course.

They offer learning programs in finance, accounting, analytics, and marketing. Apart from individuals, they also provide corporate training services and training in fields like electrical, healthcare, mechanical and retail.

Why IMS Proschool?

Collaboration with leading academic institutions and businesses to ensure that their curriculum is in line with industry expectations
The faculty consists of handpicked industry experts
Students will have mentors who will support them during their learning process and help them achieve their full potential
An active learning system that relies on concept-based, application-oriented learning
According to AC Nielson and Brand Equity survey, IMS is the 4th most trusted education brand

Financial Modeling Course Details

Financial Modelling
Program Duration Fees
Online 3 months RSD 51,300

Certification

Upon completion of the course and additional payment of RSD 2100 (+ taxes), learners can acquire participation certification from NSE Academy, which is a subsidiary of NSE (National Stock Exchange).

Past Placements

Placement support is provided in the form of:

  • Interview prep through experts,
  • 5 guaranteed interview opportunities,
  • Assured 3 shortlists within 6 months
  • Access to 100+ curated jobs and unlimited job applications
  • Soft skills coaching, and
  • LinkedIn profile makeover.

Their students have been placed in companies like JP Morgan Stanley, Atos, Capgemini, Citibank, Deloitte and Crisil.

What We Liked About IMS Proschool?

60% of their financial modeling courses in Serbia are practical, using a case-study-based methodology with 15 live cases
Prepares students for entry-level core finance roles
Pathway to higher qualifications like CFA /CFP
Excellent placement support

What We Didn’t Like About IMS Proschool?

Since this course is more suitable for beginners, professionals who already have some experience in the field of finance may prefer advanced and challenging courses.

Final Verdict

IMS Proschool is a good choice for those just starting their careers or looking to switch careers to finance because of its in-depth curriculum, emphasis on hands-on, case-study-based learning and strong placement support.

Contact Details

Phone +91-7710044425

 

Upgrad

upgrade

About Upgrad

Upgrad, a leading ed-tech platform for higher education in South Asia, was founded in 2015 and is currently active in North America, Europe, the Middle East, and Asia Pacific. They use state-of-the-art technology, top-notch teachers, and solid industry relationships to provide effective online learning opportunities.

Through a variety of programs, such as study abroad opportunities, boot camps, and certifications, they aim to reinvent professional development.

Why Upgrad?

10+ million learners from 100+ countries
80+ university partners, including Golden Gate University, Liverpool Business School, Edgewood College, etc.
1400+ hiring partners
Most promising brand award from the Economic Times. Plus, numerous other awards in the field of ed-tech

Financial Modeling Course Details (in association with PWC Academy)

Professional Certificate Program – Financial Modelling and Analysis
Program Duration Fees
Live online instructor-led financial modeling boot camp 4 months RSD 83,200

Certification

  • Industry-recognised certificate from PWC India
  • Certification from NSDC (endorsed by the Government of India)

Past Placements

Although Upgrad does not guarantee placements after the completion of their financial modeling courses in Serbia, they do help students through their career acceleration pack. The tools that students get under this pack help them land high-demand roles across the financial sector.

  • Aptitude training
  • Soft skills training
  • Personalised resume building
  • Interview practice
  • Letter of recommendation
  • Students have access career portal after completing their course

Students from Upgrad have been placed in top companies like Accenture, Deloitte, EY, CRISIL and Genpact.

What We Liked About Upgrad?

Upgrad offers a professional certificate program in financial modelling and analysis in association with PWC Academy. Over 2,84,000 professionals have received training from PWC Academy worldwide.

Top PWC experts as trainers
Timely feedback from experts on assignments and projects
Students in their last year of college, graduates, finance professionals and entrepreneurs can attend this course
4 hands-on industry projects
Live instructor-led online sessions and recorded content
Students report a 50% salary increase

What We Didn’t Like About Upgrad?

The fees are on the higher side as compared to other financial modeling institutes in Serbia, but they also provide the option to pay with a zero-cost EMI option.

Final Verdict

Enrolling in Upgrad’s financial modeling courses in Serbia will allow you to learn from PWC experts, one of the top financial services firms with a global presence. In other words, you will learn from the best in the industry. It will not only enhance your career prospects but also make your skills more credible.

Contact Details

Phone +918045604032

 

The Wall Street School (TWSS)

The Wall Street School- Logo

About The Wall Street School

The Wall Street School was co-founded in 2009 by former employees of McKinsey and Goldman Sachs.  Since then, they have successfully trained over 50,000 students worldwide through online and in-person programs. They provide training in some of the top organisations and leading educational institutions.

Why TWSS?

253,820+ hours of training sessions provided
Widely accredited by ACCA, CIMA, and GARP
Intensive boot camps led by industry experts
Personalized mentorship
Industry-relevant projects

Financial Modeling Course Details

Certificate in Financial Modeling and Valuations
Program Duration Fees
Full time 8 weeks RSD 64,500 + taxes
Weekend course 3.5 months RSD 64,500 + taxes
Self-paced online 80+ hours RSD 31,000 + taxes
+ RSD 96,800 after placement (for all courses)

Certification

A certificate of completion from TWSS.

Past Placements

They provide personalised placement support on payment of the requisite fees. Past placements include companies like Morgan Stanley, Goldman Sachs, HSBC, McKinsey & Co., and Nomura.

What We Liked About TWSS?

The financial modeling courses in Serbia offered by TWSS have trained over 25000 students around the world
Customised study plans to ensure skill enhancement and professional growth
Live and interactive classes are available globally, along with access to pre-recorded classes
In-depth study of the topics along with hands-on training
No prerequisites for joining, but familiarity with the basic concepts of accounting and finance and Excel can be helpful

What We Didn’t Like About TWSS?

They charge substantial fees for placement support.

Final Verdict

Real-world case studies, 1:1 mentorship, and a comprehensive curriculum will ensure that you are job-ready by the end of your learning journey. However, the high fees for placement support may discourage freshers with limited budgets.

Contact Details

Phone +91-9953729651

+91-9355057509

 

Corporate Finance Institute (CFI)

Corporate Finance Institute- Logo

About CFI

Founded in 2016, Corporate Finance Institute (CFI) equips people all over the world with the knowledge and abilities necessary to thrive in the financial industry. With a portfolio of 200+ courses and 5000+ on-demand lessons, they are trusted by over 2 million professionals globally.

Why CFI?

Largest online finance and banking training platform for individuals
Practical, on-demand training
Personalised CFI dashboard

Financial Modeling Course Details

Financial Modeling and Valuation Analyst (FMVA)
Course Features Duration Annual Fees
Self-study ·      Access to 5000 lessons and 200+ courses

·      Certification and specialisations

·      Financial models and templates

Self-paced RSD 30,735
Full-immersion (premium access) ·      All the features of self-study,

·      1-on-1 guidance,

·      financial model reviews, and

·      exclusive offers.

4 – 6 months RSD 52,394

Certification

Digital certification is available to students after completing the financial modeling courses in Serbia and clearing the final exam.

Past Placements

CFI does not provide any placement support as part of its FMVA course.

What We Liked About CFI?

As one of the leading financial modeling institutes in Serbia, CFI offers the Financial Planning and Valuation Analyst (FPVA) program that gives students the abilities, know-how, and resources they need to succeed in the field of finance.

Accredited by Better Business Bureau® (BBB), the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits
33 courses – including 2282 lessons
Over 200 interactive exercises
Blockchain certification provided
500,000+ five-star ratings from students
Online assessments at the end of each course
This program has been used to upskill teams at Being, Marriott, Verizon and Exxon.

What We Didn’t Like About CFI?

  • No live online interactive classes. Students learn through pre-recorded videos
  • No placement support
  • No internships

Final Verdict

CFI’s financial modeling courses in Serbia cover a wide range of topics through the comprehensive course material and case studies. It is ideal for students who are self-motivated when it comes to learning and job search. If you are looking for exhaustive online learning and accredited courses, CFI is a strong choice.

FAQs

What is financial modeling used for?

It is used to make a wide range of corporate decisions, as summarised in the table below:

Raising of funds (through stocks and or loans)
Acquiring assets or businesses
Expanding the business by growing new markets or opening branches in new locations
Selling or divesting assets and business units
Forecasting or budgeting
Assessing a company’s worth
Allocating capital
Analysis of financial statements and reports

What are the different types of financial models?

Types Of Financial Models Purpose
Three statement A financial model that consolidates three important reports, projected cash flow, balance sheet, and profit and loss, into a single format.
Discounted cash flow Discounted cash flow aims to determine the worth of an investment or an asset by considering the cash that it is expected to produce over time
Leveraged buyout model When one company is acquired by another, and the buying company utilises debt to finance a significant proportion of the purchase price, it is referred to as a Leveraged buy-out.
The sum of the parts model The sum of the parts model is a valuation method used to evaluate the value of each segment individually and then sum them up to determine the company’s overall worth.
Merger model The merger model involves integrating the financial statements of two businesses to analyse whether a merger will lead to higher or lower earnings per share (EPS).  Concerned parties can then figure out if the merger is a feasible action or not.
Forecasting model The forecasting model, a statistical mechanism, utilises past data to predict future trends and outcomes.

Why choose a career in financial modeling in Serbia?

Recent reports from institutions like Fitch Solutions show that Serbia’s economy is growing due to increased consumer spending. This will lead to more business opportunities. To make the most out of this situation, businesses need to conduct thorough financial analysis and planning, making financial modeling a highly sought-after skill.

As most positions in finance, banking, and investment sectors require knowledge of financial modeling, businesses anticipate recruiting an increasing number of people with this skill set. Opting for financial modeling courses in Serbia will give you the tools to make the most of this growing demand.

What is the expected salary for a financial modeller?

With an average monthly income of RSD 110,000, the anticipated total compensation for a financial analyst in the Belgrade-Serbia, area is RSD 130,833 per month, as per Glassdoor.com.

What are the career options in financial modeling?

The following table summarises the sectors and professions in which you can pursue a lucrative career after completing your financial modeling courses in Serbia.

Commercial banking
Equity research analyst
Financial analyst
Investment banking
Private equity
Real estate development
Startups, Venture capital
Equity research
Corporate finance
Accounting (due diligence, transaction advisory, valuations, etc.)
Portfolio management

Conclusion

Investing in high-quality financial modeling courses in Serbia can open a wealth of opportunities for you in the financial sector. It will prove to be a smart decision because these skills are steadily gaining value in today’s data-driven society.

Spend some time weighing your alternatives, investigate the programs that best suit your objectives, and do not hesitate to contact the institutes for additional information.

Regardless of whether you are a beginner or a professional who wants to move up the corporate ladder, we are confident that our summary of the top financial modeling institutes in Serbia will catalyse the pursuit of your professional ambitions.