Post the exit of the United Kingdom from the EU, Dublin is in the process of becoming the next big place in the financial market. There are already huge financial giants who have been operating in Dublin. The city has been showing improvements year after year and is now listed among the top 30 financial centers in the World after Luxemburg, Geneva, and Paris. That said, professional financial modeling courses in Dublin are highly recommended. This article about the financial modeling courses in Dublin is a beginner’s guide. Must read if you are looking to gain knowledge in this extremely demanding skill of financial modeling.
Financial Modeling is one of the most vital tools for decision-making in any enterprise. It not only decides a company’s future performance but also anticipates and analyses the data and makes necessary changes in an enterprise.
That said, anything related to the future prediction of a company is related to finance, unlike accounting which analyzes the data of the past performance of the company.
It is a process for estimating the company’s future by analyzing and predicting the outcome and possibilities of a company involving future events. This article will give you a brief overview of some of the best places to learn Financial modeling Courses in Dublin and various opportunities involved in different places.
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In layman’s language, assume you plan to do a task and decide to reach your goal in a certain period. You will have to plan your method, finances, and the process through which you would like to do the task.
Yet, you might face some uncertainties during your course of action that you were not prepared for, and you must plan an alternative to complete the task. In case an enterprise reaches its goal, it has to plan and predict the future of its business.
A greater risk will always need a bigger preparation. By and large this process of planning and anticipating is known as financial modeling which is done by preparing the future financial statements by the Financial Modular of a company.
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An Overview of the Financial Model
Unlike balance sheets and profit & loss statements, there are very few examples of Financial Models available in an open domain because these are related to the company’s internal database of sales projections and investments which all the companies refrain from publishing.
Most of the financial modelers are employed in sections like Investment Banking, Retail Banking, Equity Research, Project Management, Corporate Finance, Insurance, and also in government sectors.
The demand for a Financial Modular has been increasing day by day. Different companies have started understanding that a Financial Modular will have a significant role to play in a company’s growth and it will help them solve complicated problems related to the future growth of a company.
To fulfill this increasing demand, one needs to gain expertise in this business.
A lot of Financial Modeler have started coming from Accounting and Engineering backgrounds, this is because a lot of modelers need to have a good grip on accounting formulas and basic financial concepts, yet those without a formal accounting background can also learn Financial Modeling if they are ready to hustle a little bit.
There are tools like Oracle Essbase and SAS Financial Management available to prepare a Financial Model but over a while; MS Excel and Spreadsheet have become more prominent in making a Financial Model.
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Usage of Financial Model in a Company
Forecasting a Business
There are different tools to forecast a business and, an income statement is one of them. It is also called a three-statement model where three income statements are forecasted. The Financial analyst carries out this task for various purposes such as capital raising and making business decisions.
Be it an early-stage start-up or an established business, a company needs to raise funds for the expansion of its business. Having said that this process of fundraising always has to be data-driven. This data of sales forecast cash flow statements are managed by a financial modeler. And as a result, this process helps an investor to invest and have a long-term goal.
A process of collecting information and financial data to create a company goal is management accounting. It uses accounting information like buying products, services, and raw materials which helps in decision-making for the company, forecasting the future, and evaluating and forecasting the cash flow. The Management accounting process is the first step to generating a financial model for a company or an enterprise.
The performance of a company is determined by the asset, liability revenue, and prospective growth of the company. It is carried out by a financial modeler to check where the company is standing in terms of its growth and position and predict the prospects.
A financial roadmap is an analysis done by the financial modeler to determine the future aspects of where the company would stand in its growth. A proper financial road map is the pillar of a company’s growth process, based on which the decision maker analyzes the risk and takes a decision. A financial model is the most important tool used by companies and a lot of important decisions are based on a financial analysis of a company.
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Job Prospects for Financial Modeler
Before you sign up for the financial modeling courses in Dublin, let us understand the Job prospects of a financial Modeler. Some of the opportunities for you after finishing Financial modeling courses in Dublin are:
- Investment Banking Analyst
- Credit Analyst
- Equity Research Analyst
- Private Equity Analyst
- Financial Planner and Analyst
- Corporate Development Analyst
The Job varies from profile to profile, and a Financial Modeler works with the decision-makers of the company and predicts the company’s profitability on products and services.
They are experts who check and analyze the market. A financial modeler tracks the market and plays a vital role in raising capital from the market for the expansion and growth of an enterprise.
For instance, an Equity research analyst works with the Finance team of an enterprise to generate a financial report for a market. They do extensive research on the equity and the stock market and help the investors decide on predicting prospective business opportunities.
They contribute to the surveys about the market and the target customer’s outcomes. In the financial modeling courses in Dublin, you will get to learn all the nuances of an analyst.
A Modeler has a pay scale that ranges from nothing less than 30,000 Euros to 70,000 Euros per year depending on the years of experience.
Important Examples of Financial Model
A financial model type is defined by the event that you are trying to define. You will cover all the different models while you sign up for the financial modeling courses in Dublin. Let us look at the different types of financial models,
Three Statement Model
It is the integrated or a combined form of financial statement designed based on the cash flow, income statement, and balance sheet of the company. It is the base of any financial model and all three statements are combined and integrated into a single layout, giving a complete picture of a company projection. It is done in an Excel format.
DCF – Discounted Cash Flow
The DCF (Discounted cash flow) model is the most used model by any organization. It works in the principle of Time Value of Money (TVM). A financial modeler through this model tries to predict the future outcome of the money invested today in the market.
LBM – Leveraged Buyout Model
This tool is built in Excel to understand the transaction. It is used by an equity analyst when a company acquires another company for various reasons, using sources like finance loans rather than the money generated from its business.
M&A – Merger & Acquisition
An M&A (Merger & Acquisition) is used to determine the performance of a company after a company acquires another company and it is determined by the EPS (Earnings per share of the company).
This model is used in a group of companies where the valuation is not possible through a single valuation technique like DCF. Different parts of a group company are valued and they are summed up or integrated to arrive at a single value.
The Consolidation Model is quite like the Sum-of-the-Parts model, however, in this model, many business units’ valuations are summed up together to come to a single conclusion.
This model is used by the financial planner to arrive at a monthly budget for an enterprise to run its operations. It consists of monthly assumptions. This model can roll forward which means as the actual results come; a new column of the forecast is added.
This model is used by the planner to forecast the upcoming results of company performance. It is the model used in monthly cash flow forecasting and builds assumptions. This allows you to give your point of view and recommendation to the executive members of the company.
Option Pricing Model
There are two types in the Option pricing model the Binomial Tree & the Black-Scholes. This model is completely based on mathematical formulas used in different financial instruments. ‘The Binomial Tree’ is a lengthy and time-consuming process compared to the Black-Scholes however both models are equally used extensively. It is used in predicting the premium price of the option.
Initial Public Offering (IPO) Model
This is the model where a finance Modeler creates a face value of the company before going into public to raise funds. An IPO‘s results are based on the other model’s valuation. It is the process to decide what price and quantity of shares, the company has to offer.
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Things to Know Before You Start Financial Modeling Courses in Dublin
A job in finance is considered competitive and a course like financial modeling will always work as a key highlighter to the HR Manager of a company. Dublin is one of the growing markets as a global fintech hub currently.
According to a news article in The Irish Times, Ireland is close to securing the top 20 positions as the global financial hub in the coming years. Some of the companies operating in Dublin are as follows.
- Bank of America
- Jp Morgan
- Deutsche Bank
- BNY Mellon
- Bank of Ireland
- Wells Fargo
- Northern Trust
The list is long and the opportunities are very high. If you are ready to sign up for intensive finance training and learn the latest tools and techniques from the below-mentioned institutes for financial modeling courses in Dublin, you are sure to upgrade yourself get to the edge, and succeed.
Some of the best e-learning platforms have come up with these wide-ranging financial modeling courses in Dublin as a result of the growing demand for analysts and specialists in the financial sector.
A self-speed learning experience will not only give you an edge in this competitive market but will also keep you up to date on the latest tools and techniques used in different categories of companies in the world market today. Let’s look at some of the best in this business.
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6 Best Institutes for Financial Modeling Courses in Dublin
1. IIM SKILLS
Currently, the market leader in microlearning, IIM SKILLS is one of the top online education providers. Since 2015, IIM SKILLS has trained 15,000+ individuals across the world. IIM SKILLS has a dedicated placement cell and offers 100% placement.
The course is completely practical and a mock interview session is conducted post-completion of the course.
Also Read: IIM SKILLS Financial Modeling Course Review
Financial Modeling Course Curriculum
- Basic to Advanced Excel
- Accounting Concepts and Financial Statements
- Ratio/ KPI Analysis
- Financial Modeling Basics
- Different types of Financial models
- Basic Valuation
- 2 months guaranteed internship
- Completely practical course
- Mock interview session
- 150 placement partners
- 100% Refund Policy
- Average Rating: 4.9/5
- Lifetime access to Video Lectures
Course Fee: 492.09 Euro +Taxes
2. Wall Street Prep
Wall Street Prep is an online training provider for finance professionals. It not only focuses on training individuals on the foundation and different techniques in developing a financial model but it will also help you develop a three-step model using historical data and assumptions.
The course will give a brief introduction to the formation of different models.
- Basic to Advanced Excel training
- Training and developing 3 Statement model using historical data
- Financial modeling best practices
- Model Formation
- Forecasting income statement model
- Case Studies
- ‘On the Job’ training
- Unlimited Online support
- Private Online Training (Extra)
- Duration of the Course – 10 hours 29 mins
- Rating – 4.9 /5
Fees – $ 199
Udemy is a popular platform to learn. Udemy offers you a range of different courses at a very reasonable price. The course will introduce you to very significant valuation techniques like the DCF model in detail.
Any working individual who is looking to have a career change in financial modeling can join this course. The course is quick and easy to understand and it comes in pre-recorded version.
- Basic to advanced Excel
- Discount Cash Flow
- Relative Valuation and Financial Modeling
- Duration – 31.5 hours
- Lifetime access to Video Lecture
- Average Rating – 4.3/5
- Fees – 549 INR
Ernst & Young also known as EY is one of the leading financial institutions in the world today. The e-learning platform of E&Y offers finance-related programs for skill development. Financial Modeling and Valuation is among the best courses offered by them so far.
It will give you a brief understanding of tools like Marcos and various parts of financial statements.
- Structuring and designing models
- Revenue & Expense
- Understanding various parts of Financial Statements
- Tax calculation
- Valuation and its approaches
- Course Duration – 36+ hours of e-learning videos
- Learning Management System (LMS) access for 6 months
- Doubt clarifications through email
- Online Assignments
Course Fee: 10,000 INR
The F& QMA specialization is offered by Coursers in association with Wharton Business School, Philadelphia. You will get a good grip on the usage of MS Excel and spreadsheets which will in turn help you in understanding financial cash flow statements and analyzing them easily.
You will get a piece of extensive knowledge in understanding and developing your quantitative models. This course comes with hands-on projects to be completed to get certified upon completion.
- Microsoft Excel & Corporate Finance
- Regression Analysis
- Probabilistic Model
- Linear Programming
Duration of the Course – 4 months
Rating – 4.5 /5
6. City University
This customized short course will help an individual build a solid understanding of the financial model right from the basic to the advanced level.
It will help you build a solid understanding of fundamental rules and techniques in auditing and evaluating data. You will receive knowledge in various disciplines of data formation and learn to work on historical data to forecast a business.
- Financial Modeling in Excel Basic to Advance
- Fundamentals of Financial Modeling
- Data Formation
- Data Validation.
- On-sight training based on a team’s need
- 15 full-time trainers
- Accredited by international Certification bodies.
- Duration of the Course – Customized
- Fees: 1-day training €1,095
- 2-5 days training €995 per day
- 6+ days training €895 per day
What are the eligibility criteria to sign up for the course?
Any business-savvy individuals who are passionate about finance and have completed graduation or post-graduation can peruse this course. You can also apply for the financial modeling courses in Dublin while you are doing your other studies.
Which are the companies I can apply to after financial modeling courses in Dublin?
Every company makes business decisions based on prospects, so every big enterprise will look for a financial modeler but most MNCs, Investment Banks, and finance companies will always look for suitable candidates.
Is it Mandatory to be from a Finance background to learn Financial Modeling?
Yes, for any aspirant who has knowledge in finance and accounts, the concept will be easy to understand and grasp. But, it is not always necessary, an aspirant who has a good hold on Excel and knows how to read a financial statement of a company, the balance sheet, or a cash flow statement can also apply for the course.
Will short-term financial modeling courses in Dublin help an individual with career growth compared to a college degree?
This course is for candidates who have completed a degree in finance. But looking at the growing market, a specialized course such as Financial Modeling will always come as a boon to an aspirant and this course will always get the resume highlighted.
What is the duration for an individual to become a professional?
The ideal duration for an individual to undergo training is 2-3 months, but it depends on every individual, if you are already from a finance background and have a piece of basic knowledge in Excel and Spreadsheet, it’s a matter of a month. If you are completely new and you are ready to hustle, with proper guidance you can be an expert by the end of the course.
Will I get an entry-level job after the completion of the course if I’m a complete fresher? If yes, which are the posts I can look at?
Yes, it is a demanding profile. After completing the financial modeling courses in Dublin, you can look at jobs like Investment banking associate, Tax advisor, Equity researcher, junior credit analyst, and many more.
Conclusion & Key Takeaway
A financial Modeler is one of the vital parts of an organization and a career as a Financial Modeler can be exceptionally rewarding. A course like the financial modeling courses in Dublin will upscale your knowledge and you can secure a position in one of the Big 4 as well. These are the tip of the iceberg and there is an endless possibility that opens up after the completion of a course.
Whether you are a graduate or a Master’s degree holder or still pursuing your education, you can enroll in the course and gain expertise and knowledge in the field of finance. Industries related to finance, Investment advisory, and financial research companies are always looking out for suitable candidates, so if you are passionate about finance and the money market, you should consider doing this course.