If you are an accounting professional, or seeking a job in the finance/accounts sector, and want to gain an extra edge in your career, then this knowledge will surely help you to channelize your efforts. Financial Modeling opens the path for many career options. These details and information about financial modeling will address your queries and concerns if you are based in New Zealand and want to study financial modeling. In this article, we have compiled as much information as possible on the financial modeling courses in Auckland.
What is Financial Modeling?
Financial Modeling is a skill that is a must for all accounting professionals. A financial model, which is the most important part of financial modeling, forms the base of the decision-making process in almost every business. If we put it in simple terms, it is a decision-making process through which we can summarize and evaluate a company’s financial statements with the help of an excel spreadsheet. It requires you to make certain assumptions based on facts and figures and help advise your company in its financial decision-making process.
Example of Financial Modeling
A shoe manufacturing company wants to use cheaper shoelaces. This will reduce the cost of goods sold and increase profit margin. But there can be negative cash flow because they must pay in advance. Their accountant recommends forecasting the expected costs and sales to check whether they should adopt and implement this idea or simply continue to manufacture with the shoelaces of the original price.
First, they prepare a plan to check whether the advance payment for cheaper price shoelaces is blocking the company’s free cash flow or will that be manageable. Based on the results, it appears that the company has had negative cash flow for about 7 months as they must wait for the shipment to arrive from China. But once the shoes are manufactured and sold, it will be positive.
So, this brings us to a very important point to understand. Financial Modeling may not be able to avoid any losses in business, but with the calculations and models, you can predict the losses and minimize them. Also, it’s very important to keep a check on the financials and make necessary changes whenever required.
So, a lot depends on the analyzing and problem-solving skills of the person preparing the model. Making a model, and inputting figures into it is on one side and making predictions based on those results is the second part. While both things are equally important in the process, they are related and dependent upon each other.
The financial modeling course helps to enhance participants’ capabilities and skills so that they can professionally learn the concept of valuing a business and use those numbers and inputs to make and analyze financial statements that will act as a base for taking company decisions.
Good financial modeling courses can help enhance your understanding with scrutiny, enabling you to predict future business decisions. Based on the framework you present; owners can decide whether they want to accept and be a part of the project or not, and bankers can decide about funding the project.
Once your basic financial model is ready, then any modifications in the business policies and financial figures can be easily changed, and you can make fresh assumptions. Let’s see why to opt for Auckland to pursue financial modeling courses.
Why Auckland is the Best Place to Study?
New Zealand is the perfect choice to study for international students as it offers a world-class educational system. All the universities comply with global standards and are approved and supervised by the government to make sure that the students receive an exceptional level of education and that there is no compromise when it comes to any kind of course.
If you are not staying in New Zealand, you can study online without a visa. But if you wish to study in New Zealand, you can apply for a student visa. If you are planning to study overseas, then Auckland must be the choice for you. So, start making a list of the institutes offering financial modeling courses in Auckland. Auckland has to offer a lot of study options and a plethora of job opportunities to choose from.
There are a lot of institutions that provide high-quality educational courses from under-graduate, post-graduate/Master and Diploma. New Zealand offers internationally recognized academic qualifications that help participants with the skills to compete and succeed anywhere in the world.
Not only the universities are located amidst scenic views, but they have also been ranked among the top universities globally for a variety of courses. Some of the well-known universities in Auckland, New Zealand are Massey University and the University of Auckland.
You may also want to explore more about the excellent Online Financial Modeling Courses
Let’s Have a Look at Reasons to Study Financial Modeling Courses in Auckland :
- Rated as the most liveable city in the world in 2021 as per Economist Intelligence Unit’s annual survey.
- New Zealand’s largest city and one of the fastest growing cities in terms of career opportunities in many sectors.
- Exposure to diverse cultures and residents is super friendly and makes you feel at home away from home.
- If you wish to fund your fees, then you can choose to do any part-time job for up to twenty hours a week.
- About 200 different cultural groups from around the world form a part of Auckland, and hence it has a rich cultural mix that is represented by restaurants, meeting places, events, music, and art.
Career Options After Financial Modeling Course?
There are several industries, or we can say sectors that you can explore after you complete the financial Modeling course. To name a few, you can work in sectors like Corporate Finance, Investment Banking, Equity Research, Management Consultancy, Private Equity Funds, Hedge Funds, Venture Capital Funds, Transaction Advisory Firms, Commercial Banks or NBFCs (Non-Banking Finance Companies), Financial Due Diligence Firms, Research and Outsourcing Companies. This list is endless.
Each sector or role will require different types of models and you must design and plan your work accordingly. Say for example in Investment Banking, you will be required to present models and analyses for both buyer and seller sides. In Equity Research, you will use discounted cash flow method, comparable company analysis for valuation of equity shares, and its analysis.
In Financial Due Diligence firms, you will be checking financial models prepared by other firms or another team in the same firm. In Research and Outsourcing Companies, you will project financial statements of multiple business ideas.
Benefits of Learning Financial Modeling Courses in Auckland?
To be able to prepare and analyze financial models is a pre-requisite for many jobs or roles in sectors like Corporate Finance, Investment Banking, Equity Research, Management Consultancy, Private Equity Funds, Hedge Funds, Venture Capital Funds, Transaction Advisory Firms, Commercial Banks or NBFCs (Non-Banking Finance Companies), Financial Due Diligence Firms, Research and Outsourcing Companies.
If you are working in any of these sectors, then the knowledge of financial modeling will enhance and sharpen your skills. In case you want to work in any of these sectors, then also learning financial modeling will give you an extra edge over others and help you in getting a better position in your career.
Recommended Read: Financial Modeling Courses in Kenya
How Much Time Does It Take to Specialize in Financial Modeling?
The financial modeling course can be from 7 days to 3 months. In some institutions, it is offered for even a day, or in some cases, they offer it for a longer duration. For some institutes, financial modeling is a part of a major course and hence it is just offered for a semester for a course that lasts for up to 3 years.
Now, this was about the course duration. The actual time one will take to learn financial modeling, will depend on one’s capabilities and skills. Also, a lot depends on the exposures and experiences you get during and after the course. A few institutes offer internships after the course and that is the best way to gain hands-on working experience before entering the corporate world.
List of 5 Institutes Offering Financial Modeling Courses in Auckland
Financial Modeling is a career option that is becoming one of the most sought after in today’s times. Many institutes are offering financial modeling courses, but it is very important to choose the correct institute crucially. Below is the list of the 5 best financial modeling courses provided by well-known educational institutes in Auckland :
1. IIM Skills
IIM Skills is a leading online education institute. They started with a Content Writing Course and today they have courses in almost every sector like Digital Marketing Course, SEO Course, Technical Writing Course, GST Certification Course, Financial Modeling Course, BAT Course, and Online CAT Coaching.
The main advantage of joining this institute is that classes are conducted LIVE online and so you can attend the classes from anywhere in the world. To date, they have trained over 15000+ students in different courses from over 35+ Countries across the Globe. All the courses are job-oriented and help to explore the most basic to advanced concepts via theory and practical lectures and tasks.
Main Highlights of the Financial Modeling Course by IIM Skills which makes it the Best Financial Modeling Courses in Auckland:
- Interactive live online course
- Flexible scheduling
- Practical assignments
- Hands-on learning
- Dedicated placement cell
- 100% interview guarantee
- Tool-based practical learning
- Mentorship by top-level professionals
- Community access to the alumni
- Students can watch recorded live sessions anytime
- If you are not satisfied with the course, a fee-back guarantee
- Accredited certification from IIM Skills
- 24×7 learning and technical support
Tools This Course Program Introduces:
Qualifications Required to Enrol for Financial Modeling Courses in Auckland:
- CA/ CFA/ FRM/ MBA
- Finance professionals
- B.Tech graduates/ Engineers etc.
To know more about the Financial Modeling Course by IIM Skills, you may contact the institute on:
Phone Number: +91 9911839503
Email Id: [email protected]
2. Massey University
Massey University has emerged from a humble agricultural college in Palmerston North to one of the largest residential universities in New Zealand. The university has expanded across three campuses and manages its teaching and research departments in five colleges. Their integrated academic structure also supports multidisciplinary study and analysis.
Let’s Have a Look at the Financial Modeling Course Details:
Course Name: Financial Modeling
Domestic – NZD $780.95
International – NZD $3,915
- Generate spreadsheets using appropriate design elements.
- Execute valuation systems for financial assets and investment opportunities using spreadsheet models.
- Investigate risk and return using excel spreadsheet functions.
- Use statistical reasoning and linear regression to solve financial problems.
Get more course-related information
Phone Number: +64 6 350 5701
Email Id: [email protected]
Recommended Read: Financial Modeling Courses in Sydney
3. Victoria University of Wellington
This University has 3 campuses in Wellington. The University is ranked in the top 100 universities in the world for 11 subjects. It ranks the highest in New Zealand for emphasis on research. Students can choose from more than 170 subjects and all the courses are backed by imparting theoretical and practical skills through internships, field trips, and research projects.
Course Name: Financial Modeling
Duration: 1 trimester
Domestic – $2066.85 NZD
International – $4106.4 NZD
Get more course-related information
Phone Number: +64 4 472 1000
Email Id: [email protected]
- Make financial models that link theory to practice
- Establish programming and modeling skills using Excel and Python
- Use programming and modeling abilities to a variety of applied financial questions
- Learn to create your financial models to apply practically in solving a range of financial problems
Recommended Read: Financial Modeling Courses in Singapore
4. Knowledge Hut
Course Name: Financial Modeling with Excel Training
The Financial Modeling with Excel Training Course is conducted through live and interactive training sessions conducted by top industry experts. You will receive guidance and support in using excel tools to develop models and perform analysis.
5. Henry Harvin Finance Academy
Henry Harvin Finance Academy imparts professional skills through an action-oriented learning system. The academy was established and inspired by Mr. Henry Dunster’s contributions to the education sector. The syllabus of the courses provided by Henry Harvin is designed specifically based on the current and future requirements of the industry.
- 40 hours of course completion time
- 24 hours online interactive sessions
- Practical exposure to hands-on projects
- 100% assistance for an internship which will help students to learn a practical approach
- 100% placement assistance for a year once the course completes
- Online access to all the assignments, video tutorials, and more
- 1-year gold membership in the academy
- CFMP Hallmark to your name
- Free access to more than five soft skills courses
- Acquaintance with recent financial techniques
- Development of excel creation skill
- Development of ratio analysis skill
- Improvement in one’s financial analysis and forecasting skills
- Development of financial reporting skill
Recommended Read: Financial Modeling Courses in Hong Kong
Are financial Modeling Courses Worth it?
Certification in Financial Modeling can help individuals to explore plenty of career opportunities in the accountancy and finance sectors. Some institutes offer independent financial modeling courses, while a few offer it as a part of some other finance-based courses. You can choose a course depending on the time you have.
Also, do have a look at the syllabus before enrolling for the course, since the course should focus on the financial models and their implications and analysis. So, the answer to the most common question is – Are financial modeling courses worth it? Will be Yes. But only if you choose the right course that offers an in-depth analysis of financial models and practical approaches. So do read all the course details carefully for all the available financial modeling courses in Auckland.
Frequently Asked Questions
Q1. Are Financial Forecasting and Financial Modeling the same?
Financial forecasting and financial modeling are somewhat related to each other but not the same. In financial forecasting, you must determine the expectations of future results. Now based on these financial forecasts, financial modeling uses certain models and helps the company in its financial decision-making process.
Q2. Do we need any prior learning or experience before enrolling for the course?
Basic knowledge of excel helps learn the curriculum much faster. You will be working on excel and using it as a base for all your financial models. So, try and get basic knowledge in excel to learn financial modeling courses effectively, since a solid foundation will help in your financial modeling journey. Also, it is important to have a strong understanding of accounting since finance or accounts will act as a base for all the decisions. Few other points are required like problem-solving abilities, paying attention to details, understanding, and reading financial statements, and strategy making. But all these skills can be achieved as you learn and grow. But the important ones or pre-requisites will be – a basic understanding of excel and strong accountancy background. So do keep in mind that before you apply for any of the financial modeling courses in Auckland, learn excel and accountancy.
Q3. What are the types of financial models?
Here are the types of financial models :
- Three Statement Model
- Discounted Cash Flow (DCF) Model
- Merger Model (M&A)
- Initial Public Offering (IPO) Model
- Leveraged Buyout (LBO) Model
- Sum of the Parts Model
- Consolidation Model
- Budget Model
- Forecasting Model
- Option Pricing Model
Q4. What is the fee structure of Financial Modeling Courses in Auckland?
The fees for the financial modeling courses in Auckland can vary from $100 (can be even less) to $1,000 (or more). The fees will depend on many factors, such as the institute name (its reputation), syllabus of the course, job support after the course, faculties, hands-on experience, online or offline. But before choosing the course, make sure you check the fees. It’s not necessary that the course which charges a huge amount of fees will be good. Also, some of the courses offered by reputed institutes charge the highest amount of fees but are not worth it.
Q5. Who can enroll in Financial Modeling Course?
For pursuing any of the financial modeling courses in Auckland, you need to have a basic understanding of excel and accounting background. Working professionals in finance or accounting sectors can enrol for this course if you wish to explore more career opportunities or want to enhance your skills. If you are a fresher and studied accountancy or commerce, then also you can learn financial modeling.
Financial Modeling course is in huge demand in today’s time. With almost everything going online, you can choose to either pursue this course offline or online. Let’s summarize the important points you should keep in mind before deciding upon the best financial modeling courses in Auckland:
- Choose the course that suits your time and fee requirements. The course that charges high fees doesn’t need to be the best.
- Always inquire about the placement assistance provided at the end of the course.
- Make sure you have a look at the course syllabus before enrolling.
- Always choose a course that offers a hands-on learning experience and support.