Financial Modeling has always been an essential skill-specific profession that requires the presence of an analytical mind. In the fast-moving world, we are all part of, the rising competition has led to the increasing demands of employers. As a student, you might be seeking a professional course but on what premise are you going to choose it? We bring you a thorough review of the IIM SKILLS vs IMS Proschool Financial Modeling Course to make your task a little easier! Check out this article for a complete knowledge of the institutes and their courses.
The digital world has proven beneficial in many sectors including the finance and accountancy sectors. But it is this same digitization that has increased competition leading to stress among students and young job-seekers. Now it is your decision to choose whether you want to be stressing over the competition or increase your skill-based knowledge to beat it. We know you belong to the second category so let’s find out how you can improve your skills!
A Complete Overview of Financial Modeling
Though the term ‘Financial Modeling’ may sound intimidating, it is not so scary after all. It has been used by expert professionals for a very long time. In simple words, it refers to a process of recording your daily transactions.
For example, think of yourself as an employee in a soft-drink company. One of the main motivations of any business is profit. So the owner of this company too will be driven by the profit motive. There will be people working in the company handling various departments like sales, marketing, manufacturing, along with the finance department.
Finance becomes the most important department because all the major decisions are always taken in relation to this department. As a financial modeler, your work would be to keep a clear-cut record of every kind of transaction that has taken place over a fixed period of time. The losses incurred, profits earned or expected, total revenue, added expenditures, investments to be made on a forecast, e-bills, etc.
A simple error can cause a massive disturbance in the functioning of the company. Hence, you can predict the importance of a person working in this field. Companies also then look for skilled and educated employees for their companies who can handle such situations.
The work of the financial modeler, financial analyst, and forecaster usually takes place simultaneously where each one interacts and coordinates with the other to derive a proper result. One of the most important tools used in financial modeling is MS Excel.
Check out: Top 7 Financial Modeling Courses In India
Careers You Can Choose After Doing a Financial Modeling Course
There is always a utilitarian motive that works behind doing a professional course. That motive is employment and better opportunities. A financial modeling course being a professional course will provide you with a plethora of options on the career field you can choose for yourself. Some of them are:
- Investment Banker
- Financial Analyst
- Revenue Collector
- Economic Advisor
- Financial Modeler
- Tax Analyst
- Equity Research Analyst
- Risk Manager
Scope of Doing a Financial Modeling Course
If you wish to work in finance, the financial modeling course is a highly effective course. It is referred to as an industry because of the significant role it plays in a market. While a corporation, organization, company, or economy will always experience ups and downs, all of these variations are directly related to finance.
Regardless matter whether it relates to revenue, obligations, investments, expenses, etc. You can easily imagine that a recruiter would be extremely critical of a person, especially a newcomer who has applied for a job, given the dynamism of this field.
If you are a newbie and have applied for a job in finance, your prospects of being hired by major corporations are slim. It is advised that you attend this course in order to secure your dream position with the organization of your choice.
A financial modeling course is an educational session that will assist you in learning about the most recent tools and methods being employed in the market. A real-world application of each theoretical concept will support it.
In addition to the training, you will participate in interactive sessions with the instructors, which will help you clear up any doubts you may have. The instructors will advise you on the course content and the best professional route for you to follow.
Although you and your classmate both took a course in financial modeling, your friend might be better suited for the position of an auditor while you might be better suited as a financial analyst. You can choose your career with the help of interactive sessions, regular assignment submissions, and accurate feedback.
Along with the knowledge you gain, you will also be given a certificate of course completion, which will serve as documentation that you are a certified financial modeler. Being a recognized authority in an area will be extremely beneficial to you in today’s fiercely competitive market. Many of the institutions that offer this course aid in placement for its students. Why wouldn’t someone take a course if there are just advantages?
Also read: Complete Guide to Financial Modeling
Institutes Providing the Best Financial Modeling Courses
When choosing a course that is going to benefit you in your professional life, it is very important to be familiar with the institution you are going to do the course. The reputation, as well as the ratings of the institute, play an important role. There are quite a number of good and reputed institutes providing financial modeling courses.
The institutes providing financial modeling courses are aware of the requirements of the current market. Since Excel is the most important tool used in this field, it is used and taught in the courses. You will also be given thorough training on how to use excel sheets on a daily basis.
In this article, we are going to make a comparative analysis of the IIM SKILLS vs IMS Proschool financial modeling course. These analyses will include the complete curriculum and the benefits of the tools that will be taught to you. One of the major motives behind creating a comparative article is to help you to make a better choice for yourself.
IIM SKILLS vs IMS Proschool Financial Modeling Course
IIM SKILLS Institute
This institute is considered to be among the top-ranking educational institutes providing professional skill-oriented online courses. It was founded by Mr. Vaibhav Kakkar in 2015. Being a student-friendly institute, the main motive behind the foundation of this institution was to help young but talented minds to gain employment in good companies that will value their talents.
IIM SKILLS provides you with all the necessary skills and techniques that can be used by you at your workplace or to initiate your dream of a startup. With the sufficient guidance and help that is provided to each of you, you will be well-equipped to handle any situation and crisis.
The institute has its headquarters in Delhi, India with a presence in most of the cities in India along with some International places. Being an online course, you will not have to worry about your location. You can be situated at any place in the world and still be eligible to do a course from this institute.
The course materials that are provided to you are based on the latest tools and technology that are used in today’s industry. You will never be left behind when you appear for an interview because the institute would have provided you with everything.
You can ask your queries by mailing them to the institute. Prompt replies are given to your queries. There are a lot of important and industry-specific courses provided by IIM SKILLS to its students. Let’s check them out!
Courses Provided By IIM SKILLS
IIM SKILLS Financial Modeling Course Curriculum
- Basic and Advanced Excel
- Introduction and understanding of the Ribbon
- Keyboard shortcuts
- Regular use functions- Vlookup, Index, etc
- Rules of Conditional Formatting
- Data Validation
- Table functions
- Pivot tables, Pivot Charts, and Slicers
- Different types of charts and graphs
- Sensitivity analysis
- Delimit and Flash Fill
- Return functions
- What-If analysis
- Accounting Concepts and Financial Statements
- Key Accounting Fundamental concepts
- Concepts of keyline items
- Concept of comprehensive Income
- Relevance of Notes
- Preparing common size financial statements
- Reading of Annual Report
- Ratio/KPI Analysis
- Types of Ratios
- Activity Ratios
- Liquidity Ratios
- Solvency Ratios
- Profitability Ratios
- DuPont formula
- Valuation Ratios
- Basic and diluted EPS
- Financial Summary
- Basics of Financial Modeling
- Structure for a financial model
- Creating Scenarios
- Building Revenue
- Preparing different schedules
- Projecting financial statements
- Error tracking skills
- Formatting tips
- Addition of cover page
- Types of Financial Models
- LBO Model
- Three-Statement Projection Model
- M&A Model
- Private Equity Return Model
- 13-Week Cash Flow Model
- Business Valuation
- Relative Valuation
- DCF Valuation
- NAV Approach
- Football field analysis
- Valuation Output
- Valuation Report
- Pre-money and Post-money valuation
Complete Procedure of Gaining IIM SKILLS Financial Modeling Certificate
It is an 8-step pattern followed by the institute. These steps need to be followed by you along with sheer dedication to gain the maximum advantage of the course provided. These are:
1. Registration: This is the most basic and fundamental step. You have to signup for the course by visiting the website. After getting yourself enrolled by filling up the necessary details, you will be provided with the login id and password. Once logged in, you can access the available e-resources and videos already available on the LMS.
2. Batch Selection: IIM SKILLS understands that each one of you has your own responsibilities and hence provides you with the option to choose the batch you want to attend based on your availability. They have two batches- Weekdays and Weekends. The weekday classes are held on Tuesdays and Thursdays from 8 to 10 in the evening.
The weekend classes are held on Saturdays and Sundays from 10 to 12 in the morning. Based on your availability and commitments, you are given the choice to choose the batch.
3. Minimum Attendance: A minimum attendance of 70% is necessary to give the test in the end. In case you miss a class, it is necessary to view the recorded video of that class which will count in your attendance.
4. Examination: The examination is conducted in online mode so you don’t have to worry about traveling. The minimum passing score is 50% but if you have attended the classes with complete attention, you are going to score much more than this. Once you give the test, you will receive the course completion certificate within fifteen days via email.
5. Get Certified: Once you pass the examination, you will become an IIM SKILLS certified financial modeler. You will receive the softcopy of the certificate within fifteen days only.
6. Guaranteed 2 months Internship: Post completing the course, you are provided with an internship opportunity. This is a guaranteed internship that is provided to all students so that they can get a hang of the professional world of finance and also get to use their practical skills in a technical workspace.
7. Placement Support: There is a dedicated placement cell just for you. Each one of you will be guided and helped by experts with the help of useful job referrals, interview tips, resume building, and career guidance.
8. Graduate: So now you are ready to launch yourself in the industry. As a certified financial modeler along with an internship certificate, your profile will be highly eligible for you to get jobs in the best companies and MNCs. Isn’t it amazing!
Added Benefits of Doing IIM SKILLS Financial Modeling Course
By now you must have realized that there are a lot of benefits that you will receive on getting yourself enrolled in this course. But to just share some pointers regarding the benefits is going to make your work a little easier, right! So here you go:
- Free Demo Class
- Researched and Latest Learning resources
- Master Certification
- Comprehensive Course Curriculum
- Flexible Schedules
- Online Classes
- Well-trained and Expert Faculty
- Anytime and Anywhere Access
- Complimentary Services
- Installment Facility for Fee Payment
- MS Excel- Basic and Advanced
- Case Studies and Assignments
For further details you may contact:
Email: [email protected]
Phone: +91 9911839503
IMS Proschool Institute
IMS was founded in the year 1977 with a mission to impart to students the best education so that they do not feel out of place. The institute has always strived to provide its students with the best facilities and technical support. Mentoring and imparting important technical and professional skills have always been their top priority.
One of the major tasks conducted by this institute is to innovate and build new-age courses that will help you to gain maximum industrial knowledge. The planned curriculum along with the scope of improving one’s practical skills make Proschool one of the leading institutes in India. They provide courses and programs related to Finance, Accounting, Analytics, and Marketing.
IMS Proschool Financial Modeling Course Curriculum
- Identification and Solving approach
- Descriptive Statistics
- Excel- Basics and Advanced
- Financial Math
- Introduction to FSA
- Income statements
- Balance sheet
- Cash flow
- Ratio analysis
- Time value of money and IRR
- Cost of Capital
- Sources and used of Capital
- Introduction to Project Finance
- Build a manufacturing project
- Build a service project
- Overlay a project with tax implications
- Evaluate a project in totality
- Introduction to valuation
- Souring historical data
- Forecasting costs and revenues
- Forecasting BS and CFS
- DCF & Relative valuation
Complete Procedure of Gaining IMS Proschool Financial Modeling Certificate
The institute provides the financial modeling course for a duration of 3 months. The total fee for the course is Rs.32,000. The entire course takes place online through live training sessions. Classroom facilities are also available in selected cities.
The course focuses on the practical skills which will be required by you during your interview round as well as your workspace. Core concepts related to finance like Excel, Financial Statement Analysis, financial math, corporate finance, etc are taught to you in detail.
The active methodology used to teach and train students, helps them to understand, analyze, and solve problems arising in a business using excel. As a fresher seeking a good job, the institute will prepare you for jobs in the field of investment banking, Equity Research, Credit Research, Financial Planning, etc.
After completing the 3 months course, students will be eligible for the NSE+Proschool certification. On clearing all the internal assignments, you will receive the course completion certificate from Proschool. Upon payment of Rs.1700, you will be eligible to appear for the NSE test, and on passing the test will receive the NSE Certification.
Added Benefits of Doing IMS Proschool Financial Modeling Course
Since we already know about the course curriculum and the procedure involved in receiving the certification, it is now important to understand and know about the benefits that you will get from doing this course. They are:
- 24/7 access to online resources and study materials
- Conceptual knowledge+ Practical Skills+ Functional Skills
- Training from Industry Experts
- Flexible Time Schedules
- Placement Assistance
- Active Learning Method
- Free Informative Webinars
- Live Project
- Demo Class
For further queries, you may contact at:
Email: [email protected]
Phone: +91 7710044425
Comparison Between IIM SKILLS vs IMS Proschool Financial Modeling Course
With the market being a dynamic space where changes and reforms happen on a daily basis, it is extremely important on the part of the young students to be fully prepared before appearing for an interview. The skills and techniques that a company seeks in its candidate are not provided by traditional educational institutes.
For this, you have to rely on the professional course-providing institutes. IIM SKILLS and IMS Proschool both have been considered as being among the leading institutes providing professional courses. The financial modeling course provided by these institutes is made keeping in mind the industry standards and requirements.
IIM SKILLS provides case studies and assignments that will help you to gain practical application-based knowledge. IMS Proschool provides live projects where you will require to work on a particular project with the skills acquired by you.
Both the institutes offer this course for a duration of three months. IIM SKILLS gives you the benefit of an internship opportunity that will help you to gain some professional experience and understanding. IMS Proschool, on the other hand, gives you the opportunity to get a certificate from NSE once you complete the three months course.
IIM SKILLS is a top-rated institute with a course curriculum designed by experts that will help you to attain some of the best and most useful skills. IMS Proschool in collaboration with NSE Academy also provides a wholesome experience to its students with the wide range of topics that are covered.
Frequently Asked Questions On IIM SKILLS vs IMS Proschool Financial Modeling Course
Q1. How will a financial modeling course help me get a good job?
One of the primary reasons behind doing a skill-based course is to gain adequate market-based knowledge and skills. For getting a good job, you will need to prove to your recruiter why you are more deserving than your other competitors.
An FMC will provide you with the necessary skills and techniques along with the certificate that will help your CV to gain an advantage. The placement assistance provided by the institutes will aid you to be more confident and choose the right job for yourself.
Q2. What is the duration of the financial modeling course provided by these institutes?
Both the institutes provide a 3 months course on financial modeling. Along with this, 2 months of internship is provided by IIM SKILLS. IMS Proschool also gives 55 hours only financial modeling course along with a self-paced FMC.
Q3. Are there free demo classes available for both institutes?
Yes. You can avail the benefit of a free demo class from both the mentioned institutes. This demo class will help you to understand the curriculum and pattern used for lecture deliverance along with the trainers who are going to teach you.
Conclusion on IIM SKILLS vs IMS Proschool Financial Modeling Course
The world is changing. And to keep pace with this world, you too have to constantly mold yourself. You cannot depend on the older ways of life. The requirements placed by a company on its employees have also changed.
Finance remains the most vital sector of any industry and in such an industry, it is essential to have skilled and knowledgeable professionals. As newbies, it is highly unlikely for you to possess these skills. Thus, to gain professional insight, a course like financial modeling has been introduced.
Before enrolling for the course, it is highly recommended that you watch the free demo classes to get a complete idea of the syllabus and the teaching pattern that will be followed. If you are confused between these two institutes, it is recommended that you visit their website and make a thorough research.
The main idea behind writing a comparative article on IIM SKILLS vs IMS Proschool Financial Modeling Course was to make you aware of the technical aspects of the course so that you can make a better decision for yourself. These kinds of professional courses will make you efficient as well as a highly-confident candidate who is aware of the market standards.
I hope you found this article useful. Do make an informed decision and all the best for your future! Are you then ready to give a Kickstart to your career in the financial field? Get yourself enrolled now.
If you are serious about pursuing a career in Finance, you can opt for the demo session of the Financial Modeling Course at IIM SKILLS to understand what the course entails.