How fascinating it would be to predict the future of your business prospects! To gain useful insights about your business requirements, market trends, client expectations, customer behavior, and finances? Of course, no such instrument exists to predict all of these. However, with the proper application of Financial Modeling, you can look into the future of your business prospects and stay ahead of the game. As Financial Modeling is gaining a lot of importance because of its effectiveness in benefitting businesses, a lot of institutions are offering Financial Modeling courses. Of all these courses, the best course is offered by IIM Skills. Let us dive deep into the details of the IIM SKILLS Financial Modeling Course to know what makes it the best, among the rest.
Before going into the details of the IIM SKILLS Financial Modeling Course, let us first know about the basics of Financial Modeling.
What is Financial Modeling?
To put it in very simple terms, financial modeling creates a representation of a company’s current financial situation to project its future performance. The most common format is a spreadsheet in Microsoft Excel or a comparable program.
It involves calculating the financial performance of a project or firm while including all significant factors, such as growth and risk assumptions, and evaluating their impact. Financial modeling is used whenever decisions are made to buy, sell, grow, or establish a business.
The process of creating financial models is based on evaluating current market trends, the financial health of the company, future projections, and the three key financial statements that any organization must have: the cash flow statement, income statement, and balance sheet. Businesses have a financial department to manage the financial health of the business.
Why is Financial Modeling used?
There are several situations in which financial models will be created and used. Entrepreneurs can use them to assess whether their business idea will be successful in the market they have chosen. When choosing whether to purchase or merge with a rival, they are frequently used as part of the due diligence process.
They are frequently used to update shareholders and provide them with an accurate picture of the status of their investment. Models are sometimes created by internal teams, and other times they are executed by outside organizations, like equities research companies.
Benefits of Financial Modeling
Financial Modeling is vital for all important business decisions. Listed below are some of the reasons why this course is gaining so much importance.
1. A deeper understanding of a business
A financial model is created after gaining a thorough understanding of the company. Analysts are familiar with how businesses function and the various elements that could affect them. Businesses must also be aware of the changes that are anticipated to occur if both their internal and external environment change. As a result, businesses that construct financial models are better equipped to handle any unforeseen circumstances than their rivals since they have a greater understanding of their industry and the elements that affect it.
2. Periodic Performance Review
The variance analysis must be carried out to comprehend how a company is doing. By comparing the business’s actual performance to the budgets, financial models facilitate the variance analysis. To gather feedback on the company’s activities, performance reviews might be conducted regularly. To increase overall earnings, organizations can make adjustments to their operations using certain sophisticated financial models. These adjustments are based on variance analysis.
3. Choose your funding requirements and strategy
Financial models make the anticipated cash inflows and outflows clear. A company can learn the net cash flows that it would need to set up to conduct its operations. The next stage is to choose between equity and debt as the funding source. Understanding the cash flow position after paying the interest expenditure and the loan repayment is made easier in this situation thanks to the use of financial models. This aids in determining the business’s ability to take on debt and the appropriate degree of equity funding.
4. Business Evaluation
Companies can use financial models to determine their value. A financial model aids in calculating the predicted free cash flows that will accrue to a business at various periods in time, which in turn aids in estimating the fair value of a corporation. Businesses find this to be helpful when restructuring, such as when selling a stake to investors and third parties.
5. Risk reduction
A financial model aids in conducting due diligence by indicating the financial implications of a given operation, which helps firms reduce total risk. For instance, if a company wants to enter a new market, a financial model would help the company determine how much it would cost, the impact of marketing, how prices would change, and other factors.
6. Financial models produce immediate results.
Finding answers to specific financial questions and assessing the effects of various decisions may take businesses several months. However, financial models provide findings quickly, which assists in making decisions quickly. Financial models are particularly helpful for firms in this way.
7. Financial Budgets and Forecasts that are Quite Accurate
Financial budgets and predictions created by financial models are typically reliable since they are based on business facts. Businesses can utilize these budgets and projections for their operations to keep those operations organized and within the boundaries of the stated framework. Businesses may suffer if they don’t stick to a budget or business plan.
8. Promotes Business Growth
The sectors that are capable of producing bigger earnings are suggested by the financial models, which help in a company’s expansion. The models are also useful when evaluating the costs and benefits of new initiatives. Financial models can be used by businesses to determine where and how much money should be invested to increase profitability and expand.
Scope of the Financial Modeling course
In the current global environment, the scope of financial modeling is enormous. Making wise investment choices and enhancing the performance of the company is essential if you want to sustain it over the long term given the number of startups and small and medium enterprises that are emerging in the Indian market. An instrument that does precisely that is financial modeling. Financial modeling, which has a variety of sophisticated characteristics, considers historical data and produces a business model that aids any corporate entity, no matter how large or little, in making sound decisions that have a high return on investment (ROI).
People with expertise in this field might pursue a variety of career options in financial modeling. All of these entities—banks, equity companies, corporations, and credit rating agencies—require the expertise of financial modeling professionals to make wise business judgments.
You learn the most recent information that is pertinent today in a financial modeling course, providing you with total insight into the intricate ideas of the financial industry. The financial industry is extensive and complex. For so, you need a thorough understanding of all the elements that make up a company’s financial and accounting departments.
Learn about the top financial modeling courses in India here.
Who are eligible for Financial Modeling Course?
• Fresh Graduates
• Commerce students
• MBA/FRM/CFA (pursuing/working)
• CA (pursuing/working)
• Finance Professionals
What are your career prospects after pursuing the Financial Modeling course?
Financial Modeling acts as a great boost to a career and opens up several options for professionals.
Some of them are –
• Financial Analyst
• Financial Manager
• Business Analyst
• Market Research Analyst
• Accounts Executive
• Associate Analyst
• Equity Analyst
• Merger and Acquisition Associate
• Portfolio Managers
• Investment Banking Associate
IIM SKILLS – An Overview
IIM SKILLS, founded by Mr. Vaibhav Kakkar in the year 2015, is a renowned institution that has acquired huge recognition in a fairly short period. It started from a popular educational blog, where Mr. Kakkar identified the gap between the supply and demand for skilled and gifted professionals. This institute provides excellent online training to bridge that gap.
To open doors to extraordinary and lucrative employment opportunities, IIM Skills provides premium training. The specialists at IIM SKILLS transform the client experience into a memorable learning experience by blending a perfect combination of theoretical and practical training. The sophisticated and entertaining training approaches are as simple and engrossing as possible. This is what distinguishes it as a sought-after institution.
The institute has carved out a clear niche for itself after more than five years of excellence. It has grown to be a reputable name in the ed-tech sector having trained 14,300+ professionals across 30 nations.
Validated curriculum, practical training, international certification, and assistance with foreign placement are just a few of the numerous aspects that have helped IIM Skills draw students and working professionals from all across the country.
Not to forget, IIM SKILLS has received media attention from prestigious companies and media outlets, to name a few: The Times of India, Prime Time, The Statesman, India Today, DNA, mid-day, and career360. That is the real evidence of its exposure and popularity.
If you are inclined toward a career in finance, then check out the list of top Business Accounting And Taxation Courses in India as well.
Courses offered by IIM SKILLS
Although IIM SKILLS started primarily as a content writing institute, gradually it expanded its wings and started providing world-class training in several professional courses like GST Certification Course, Digital Marketing Course, and Technical Writing course, to name a few.
If you want to upskill yourself and give your career a fresh lease of life then these courses are apt for you. With a comprehensive curriculum, practical training sessions, hands-on learning, doubt-clearing sessions, and assignments – these courses rank best for their quality and effectiveness.
Now let us focus on a detailed review of the financial Modeling Course offered by IIM SKILLS
IIM SKILLS Financial Modeling Course Review
This course is a comprehensive, in-depth financial modeling course. This curriculum was selected by business experts with extensive knowledge of the finance industry, after significant investigation and consideration. The program is specially tailored to help learners find market-level positions while adhering to the standards of the finance industry, earning it the distinction of being the Best Financial Modeling course in India.
Spanning over 3 months, with 50+ hours of lectures, practical assignments, 2 months of Internship, case studies, and placement support, this course is priced at INR 39,900 + 18% GST. The certification is awarded by IIM SKILLS, which is recognized by the MSME Government of India.
The certification process can be divided into 8 steps –
2. Selecting the batch
3. Minimum 70% attendance
4. Minimum 50% score on the examination
5. Getting certified
6. 2 months of unpaid- Internship
7. Complete career assistance – job referrals, interview tips, etc.
8. A skilled and certified financial modeler.
The IIM SKILLS Financial Modeling course comprises 6 modules:
Module 1 – Basic and Advanced Excel
Module 2 – Important Accounting Concepts and Financial Statements Analysis
Module 3 – Ratio/KPI Analysis
Module 4 -Basics of Financial Modeling
Module 5 – Different Types of Financial Models
Module 6 – Business Valuation
Skills that you acquire by pursuing the IIM SKILLS Financial Modeling course:
• Critical and Analytical Skills
• Problem Solving Skills
• Communication and Presentation Skills
• Attention to detail
• Finance and Accounting Skills
• Skill to learn high-end strategies
• Learning advanced Excel
Objectives of the IIM SKILLS Financial Modeling course:
• to equip candidates with the aptitude and abilities to compete and thrive in global standard financial markets
• to equip applicants with the skills necessary to create dynamic, well-formed, and organized financial models and to conduct financial analysis that produces sound decisions.
• to make candidates confident enough to create a financial model from scratch to the very end
• to efficiently carry out a business valuation and provide valuation reports
Is IIM SKILLS Financial Modeling course the best in the market?
To answer this, we will shed light on some other aspects of the course. We have already highlighted the course-related modules and skills. Now let us highlight the facts. IIM SKILLS Financial Modeling course has a staggering 87% success ratio that has transferred 35k+ careers all over the world. Professionals who upskill themselves with the IIM SKILLS Financial Modeling course have received a 40% average salary hike. This course has been loved and appreciated by all and a generous rating of 4.9/5 is proof of that. All these facts are enough to reinstate that the IIM SKILLS Financial Modeling course is the best financial modeling course available.
IIM SKILLS prioritizes the satisfaction of its students over all other considerations, so they offer 24/7 support and assistance with job placement to eliminate any possibility of rejection. Counseling and career advice are available for life, ensuring that you can turn to them for assistance if you ever find yourself with a difficult decision regarding your job.
Not to forget, the money-back guarantee offer entitles you to a full refund if, after the first class, you decide the course is not worth the cost. That demonstrates the trust and faith that the professionals have in their knowledge. What are you still holding out for? Run, sign up for a free sample, and then decide on your job after doing your research.
If you want to enroll in other finance-related, job-oriented, practical project-driven courses, you might want to check out the following:
FAQs on IIM SKILLS Financial Modeling Course
1. What is the expected salary of a professional after completing the IIM SKILLS Financial Modeling course in India?
In recent years, there has been an increase in the salary for financial modeling. People with exceptional aptitude for financial analysis and derivations are needed for a variety of professions. For many aspiring finance students and financial professionals working in various areas of the financial sector, financial modeling is becoming a more profitable career option.
In India, the salary of a Financial Modeling Analyst starts from INR 2,55,835 year. Employees with knowledge of financial modeling make an average salary of 22 lakhs per year, with most salaries ranging between 8 lakhs and 50 lakhs.
2. Is the Internship offered with the IIM SKILLS Financial Modeling course paid or unpaid?
The IIM SKILLS Financial Modeling course offers 2 months of an UNPAID internship. It is designed in a way to help candidates get a real-time feel of how the industry operates.
3. Why Financial Modeling course is high in demand?
Financial modeling is currently one of the most in-demand skill sets in the finance industry. It is a useful tool for calculating company ideas and risks that will result in successful ventures.
Almost every other organization requires that finance staff members have a strong understanding of financial modeling. Therefore, this skill set is quite beneficial for your profession.
4. Are there any prerequisites for applying to the Financial Modeling course?
Depending on the level of the course, the following are the prerequisites –
- No prior knowledge
- Learn about financial statements, ratio analysis, and other topics
- Possess highly developed analytical and problem-solving skills
- Develop strong communication abilities in both writing and speaking.
- Learn how to make adaptable charts with MS Excel by doing it yourself.
- Learn to design financial model templates and gain practical expertise in accounting,
- Curating financial statements, and financial forecasting.
- Gain a fundamental grasp of the financial markets and the assets they include, such as stocks and mutual funds.
- Learn how to create financial statements in Excel,
- Create financial models,
- Analyze financial statements,
- Understand credit assessments and ratings, and break the loops in Macro.
- Be familiar with the definition of financial modeling and how it differs from business models.
- Develop your skills in calculating the valuation of merger deals.
- Know how to produce charts like radar charts, waterfall charts, football field charts, Gantt charts, etc.
- Know how to build the assumptions – synergies, takeover premium, etc.
Concluding thoughts on IIM SKILLS Financial Modeling Course
The fuel that keeps any firm running smoothly is referred to as finance. The tireless efforts of skilled financial professionals result in overall economic prosperity for any company or industry. Financial modeling has its roots outside of the main finance departments due to shifting trends and business concerns. Financial modeling-related skillsets are required for all employees in the banking industry. Lack of this ability is regarded as a significant gap in your professional development. On the other hand, having this talent offers you an advantage and helps you advance your career.
For IIM SKILLS, Student satisfaction forms the basis for success. The faculty, support staff, and mentors do their best to give you the best possible experience. On that note, we’ll let you make a wise decision for yourself and navigate your path to success in this challenging yet rewarding sector.