If you have already made up your mind about the career you want for yourself, and if that is finance-related, you can probably be interested in a financial modeling course. But what about the review? Even when purchasing nominal things we don’t forget to check the review, right. And this is a full-fledged course for which you will need to pay! We understand the dilemma and have hence come up with the IIM SKILLS Financial Modeling Course Review. Read this to find out about everything related to the IIM SKILLS Financial Modeling Course!
Before investing in a course, it is necessary to have a complete idea of what the course is all about. What is included in the IIM SKILLS Financial Modeling Course, what are the perks, etc? Before getting straight into the course details, let’s understand what financial modeling actually means.
Meaning of Financial Modeling?
One of the most important departments of a firm is the finance and accounts department. After all the entire functioning of the firm depends on it. Whether it is about the salaries, investments, profits, etc. In this department, financial modeling plays a very important role in the systematic data recording process.
Financial Modeling includes the income statements, balance sheets, cash flow statements, and debt schedules. A systematic way of recording data includes keeping a track of all the transactions that have taken place or ought to take place in the future. Once a proper track is maintained, these data need to be entered into the system so that they can be used as a reference for the analysts and forecasters.
The role of a financial modeler, financial analyst, and forecaster are interdependent. Each one depends on the other for the derivation of solutions and forms an intrinsic trio in the finance department.
How To Make A Financial Model?
There are multiple steps involved in making a financial model. Without the proper technical knowledge and ability to understand market dynamics, you can never create an adequate financial model. Some of the most fundamental steps are as follows:
- In-depth knowledge of the Firm: It is necessary on your part to know about your company in detail. Each firm has different requirements and different ways of functioning and handling situations. So, you will need to analyze your company’s temperament and keep that in mind while making a financial model.
- Industry and Market Dynamics: Before constructing a financial model, you have to keep in mind the current goings-on on the market. Being a dynamic space, the needs and requirements of the market keep on changing based on a number of other factors. You have to keep all that in mind while making a model.
- Audited Numbers: The start has to be with the audited numbers. The audited numbers refer to the pre-calculated figures derived through various formulas. These numbers have to be adequate and current for the next steps to be accurate.
- Making Assumptions: A financial model is always constructed from certain assumptions made by the analysis of the figures presented in front of you. For this, it is necessary to develop analytical and calculative skills to understand the implications of each number and thereby make a desirable assumption.
- Forecasting: Assumptions and forecasting go side-by-side because you have to keep a track of the latest developments along with the proper analysis. This analysis will lead you to make a well-informed forecast.
- Complete Statement on Balance Sheet: The final step is to complete the excel sheets with the entry of all the necessary data. This complete model is then used by other departments to further their assumptions and strategies.
Why Should You Enroll In a Financial Modeling Course
One of the biggest back draws of the traditional education system is the lack of practical knowledge that is imparted to students. Most of the concepts, terms, and their functions are provided to students in the form of theory. The same students feel out of place when they attempt to take a job.
A job in today’s digitized and competitive world requires you to be equipped with the latest tools and techniques along with practical application knowledge. A financial modeling course is a professional practical-oriented course that will give you the industry-related practical knowledge that will help you to get a good job.
The knowledge and applications that you will derive from such a course will help you to be a desirable candidate. The IIM SKILLS Financial Modeling Course provides you with internship opportunities that will help you to gain professional insight into the field of finance and accountancy. It is necessary to be well-versed with the tools that are currently being used in the industry.
The comprehensive course in financial modeling will make you knowledgeable and a technically-informed candidate who can provide to the upliftment of the company and the subsequent departments. Thus, if you wish to increase your employability rate and also get a good job, then you must go for this course.
Career You Can Choose For Yourself Post Completing a Financial Modeling Course:
- Investment Banker
- Financial Analyst
- Tax Analyst
- Revenue Collector
- Equity Research Analyst
- Profit Analyst
- Financial Advisor
A Brief Overview of IIM SKILLS As an Institute
IIM SKILLS was founded by Mr.Vaibhav Kakkar in the year 2015. The journey initially started from a blog to this full-fledged educational institute. And to be frank, this journey could not have been possible without the extensive support of the students. The expert trainers and the enthusiastic students worked parallelly to make this institute one of the most trusted online education centers.
IIM SKILLS provides an arena of courses that deals with the latest market need and the practical skills demanded by both students and companies. The courses are constantly updated and re-designed to meet the industry standards. The dynamic nature of the market has been adapted into the curriculum of the courses which are equally dynamic and changed frequently.
Students are supported constantly and all their life with the LMS access granted to them. Any new topic added to the course is immediately updated here. So, even after years of working if you ever feel the need to revise some old topic or get a hang of a new concept, you can always refer to the LMS.
Each and every course provided by this institute comes with internship opportunities to help you get professional experience. Doubts clouding your mind can be cleared only through practical application and hence you will be given ample exposure to situations that will require you to use your skills.
One of the most important aims of this institute is to bridge the deficit between conceptual understanding and constructive application of that knowledge. With extremely helpful and friendly trainers who have a much wider knowledge base, you’ll be able to develop and build the best version of yourself.
IIM SKILLS Financial Modeling Course
With changing times, the demand for a professional technical skill-oriented course has risen significantly. As more and more students are demanding similar kinds of jobs, it has become difficult for companies to decide whom to choose and whom to reject. Thus students want to do some add-on course to increase their chance of getting a particular job.
The IIM SKILLS Financial Modeling Course is one such professional course that provided you with the necessary practical and professional skills needed to be the best among a number of other candidates. The course fee is Rs.39,900 with an additional 18% GST that needs to be added. The course has ranked as one of the best courses in recent times due to the huge number of concepts that are taught.
With highly qualified and trained professionals who have undertaken the task of training and preparing you for the professional world, students enrolling for this course can feel secure and highly satisfied once the course is completed.
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
Advanced Excel and IIM SKILLS Financial Modeling Course
One of the most important tools used in the finance department is MS Excel. From basic understanding to advanced skills involved in using excel are taught to you in detail. Being an important component in this field, you must possess efficiency and accuracy in using MS Excel and spreadsheets.
The institute understands this need and henceforth introduced a separate module for it along with special attention given to the techniques that can be used while using excel. Some of the most useful skills that you will learn about MS Excel are:
- Learn essential Excel formulae for financial analysis.
- Learn to construct dynamic financial models with room for growth and modification.
- Develop your skills and attention to detail because even the smallest mistakes in Excel can have serious repercussions.
- Learn how to develop and automate the calculation of financial ratios using Microsoft Excel.
- Learn how to use the data tools in Excel, such as sorting, filtering, importing, and data validations.
- Learn to use predictive models to predict good outcomes for issues with the actual company.
In India and internationally, the financial industry is one of the fastest-growing. With tremendous expansion comes a huge need for qualified individuals in the field of finance.
Financial managers and market research analysts are two of the top five highest-paying positions in the future, according to monster.com. This information that finance is unquestionably one of the lucrative professions with exponential demand is supported by numerous other study studies.
Predictions, analyses, forecasting data, and figures are essential to a business in order to move forward with risky decisions. Businesses and organizations require both financial models and a finance department.
Finance professionals create dynamic financial models that incorporate all of the company’s historical data as well as all of the important developments that are now taking place.
It is a reliable and long-lasting model for estimating risks, money-losing schemes, and other organizational gains and losses.
With these cutting-edge financial modeling skills, finance department employees have a better chance of landing a job at a top company. The banking sector has a lot of room for expansion and development because it is one of the fastest-growing industries.
Thus, the financial sector has a promising and accommodating future. Additionally, expertise in financial modeling is required for all positions in the finance division. In order to open up lucrative employment options, anyone looking to pursue a career in the financial or investment field will greatly benefit from taking this course.
To kickstart your career in financial modeling get yourselves enrolled in this highly successful career path.
Scope Of Doing IIM SKILLS Financial Modeling Course
The methods and procedures employed in the finance sector are evolving along with the decades. One such instrument that has evolved into a desired necessity for finance professionals both in India and abroad is financial modeling.
Financial modeling covers a number of crucial subjects that are essential to the smooth operation of enterprises. Growth, sales, revenue, ratios, and other important factors are only a few of the numerous topics covered when tracking a company’s performance.
Knowing financial modeling can give you useful insights into how a company or client operates internally, including their income, balance sheets, acquisitions, financial statements, etc. Consequently, it will be easier for you to understand the company’s first floors.
These sought-after skills in financial modeling are required for all employees in the banking industry.
The lack of this ability is regarded as a significant gap in your professional trajectory. And you will realize this at the time of your interview.
The fact that so few people are skilled in this skill set adds value to the retention of this expertise. In actuality, only a select few have the capacity to perform financial research, and even fewer have honed their skills to a high level. Even though it might sound shocking, this is the reality!
Financial modeling proficiency involves time and practice, but if you sign up for the IIM Skills course on comprehensive financial modeling, you can definitely master this skill set!
IIM SKILLS Financial Modeling Course Review
Before 1978, financial models were developed on paper and using a pen, which left many perplexed. Before Dan Bricklin considered a simpler solution that wouldn’t require constant rewriting and reworking: creating financial models using a spreadsheet.
That changed the way people viewed the use of financial models.
From that time till now, a growing number of formulas and concepts have been developed to make the development of intricate financial models simpler.
Financial models are unquestionably an integral aspect of any firm. Why? This is so that financial models may create logical, money-making decisions by gathering and combining previous facts and figures.
Consider what would happen, for instance, if we used the past five years of data from any organization to forecast and predict. Consider how a corporation could make a fortune if we crystallized the data from the last five years of any organization and used it to foresee and predict future decisions.
There is an increase in demand for finance experts as more businesses recognize the potential that finance modelers can bring to the table. As a result, financial modeling is now a highly sought-after expert for finance professionals both domestically and internationally.
For careers in investment banking, equity research, financial planning, project finance, portfolio management, credit research, and financial analysis, among others, learning the science of creating financial models, illustrating financial statements, and investments can be a great asset.
Business decisions can frequently prove to be dangerous and disastrous. Even small numerical mistakes can cause unwelcome complications. However, a dearth of qualified financial experts can be fatal to enterprises. Businesses employ highly qualified financial professionals to head off crises even before they arise to avoid such horrible situations.
IIM Skills recognized this and developed this wonderful financial modeling and valuation course to educate you on the nuances of financial modeling and help you avoid making mistakes. This career-focused course exactly equips you with insider knowledge of the industry, enabling you to perform at the top of your game in the real market.
Learn financial modeling’s art and science using our extensive financial modeling and valuation course.
Brief Overview of the Perks of doing this course:
- Flexible Schedules
- Trained, Experienced, and Expert Faculty
- Accessible at all times
- Master Certification
- Researched and Well-Designed Learning Resources
- Free Demo Class
- 100% Placement Assistance
- 2 months Guaranteed Internship
- Lifetime Access
- 4 Live Projects
- Mock Interview Preparation
- MS Excel
- 5+ Case Studies
Other Courses Provided By IIM SKILLS
Along with the financial modeling course, a lot of other courses are available at the institute. These courses are at par with the latest demands of the market and make the students efficient and self-reliant. The courses are:
- Content Writing Course
- Technical Writing Course
- Digital Marketing Course
- GST Certification Course
- Advanced SEO Course
- Business Accounting and Taxation Course
Frequently Asked Questions
Q1. What is the duration of the internship provided after the course?
The duration of the internships varies depending on the different institutes. Mostly 2 to 3 months is the average duration of the internship period. Post completing the course the internship period starts.
The internship is one of the most important aspects of the course due to the professional exposure and experience it provides on a daily basis.
Q2. Are there any eligibility criteria to enroll for the financial modeling course?
No. You can be from any background to get yourself enrolled in this course. Though it is always preferable to have students from a commerce background, finance, accountancy, or other related sectors, you can be from any field to do this course.
A basic understanding and knowledge of computers are necessary on your part to understand the tools and techniques that will be introduced to you during the classes. If you have even primary knowledge of MS Excel, then it will be an added advantage for you because then you will be able to grasp the skills faster.
Q3. Will I receive certificates upon completing the course?
Yes. Any course you do will always come with a course completion certificate. The certificate you will receive once you complete this course will make you a certified financial modeler. You can use these certificates to exemplify your resume.
Even the internship that you will do, comes with a certificate showing that you have completed the internship period successfully.
It’s okay to feel a little nervous or anxious about your career or your future. We all feel nervous at some point. But it’s even more important to not let that fear get a hold of us. We need to get past it. The best way to let go of fear is by acquiring the necessary skills.
So, get yourselves enrolled today in this marvelous and exciting financial modeling course from one of the top online educational institutes and see how your career path takes the most unique shape. So, are you ready to start! Hurry Up!