A career in finance is very fulfilling and offers many incredible opportunities to explore with huge satisfaction and is financially rewarding. Over the last 6-8 years, the financial modeling course market has witnessed huge growth in Chandigarh. A number of brilliant institutes offer financial modeling courses in Chandigarh with the facility of both online and classroom training. This article is going to help students who want to kickstart their career in finance and professionalism and study financial modeling in Chandigarh.
A Complete Outline of Financial Modeling
Financial modeling is the process of preparing a summary of a company’s income and expenses in spreadsheets and analyzing its performance on financial parameters. Financial modeling is an exercise required for asset pricing or corporate finance.
With it, the fluctuations in the financial markets get converted into numerical predictions which generally depend on the company’s performance and future assumptions. Financial modeling involves preparing schedules, balance sheets, cash flow statements, and income statements.
Financial modeling, in numbers, represents the past, present, and forecasted future of an organization’s operations. These models are designed to be utilized as tools for making informed decisions. These may be utilized by company executives to estimate project costs and potential profits.
Financial models can be utilized to estimate the valuation of a business or to compare businesses to their peers in the industry. These models are helpful in projecting the cost of any new project, preparing budget estimates, and can be useful for the allocation of the company’s resources.
There are several financial models being utilized by organizations worldwide. The following is the list of the 10 most used & popular financial models:
- Three-Statement Model
- Discounted Cash Flow Model:
- Merger Model
- Initial Public Offering Model
- Leveraged Buyout Model
- Model of Sum of Parts
- Consolidation Model
- Budget Model
- Forecasting Model
- Model of Option Pricing
The creation of any trustworthy & accurate financial model not only requires meticulous planning but also includes outlining the specific timeline, and historical data along with the projection years. Such models should be exhaustive with realistic assumptions. The high quality of the model is to be ensured through accuracy checks.
Need for Financial Modeling?
Financial modeling is one of the most important & significant tools used by any company for making well-informed decisions. These models are used for projecting any associated risks before a decision can be implemented. In a nutshell, these models are the mathematical representation of the economic performance of any organization.
Several decisions like valuation of the company, allocation & forecasting of budget, growth opportunities, possible acquisitions, ratio analysis, and many more can be taken in a well-informed manner using these tools.
Risk management and estimation of stock prices can also be done using such financial models. Thus, a better understanding of an organization’s reaction to various economic scenarios can be made and the outcome of decisions in mathematical terms can be made. These financial models enable organizations to evaluate their performance vis-à-vis their adversaries.
Projection of estimated costs & anticipated profits of new projects can be done using these models. Financial modeling can enable an organization to prevent financial loss as it can provide answers to many questions that are related to future decisions to be taken by the organization. Any change in the decision will reflect instantly in the model by virtue of a change of mathematical values of formulas, thereby showing the changed result instantly.
Thus, these models are helpful in lowering the financial risks associated with any projects/decision and better evaluation of projects as the organization can observe any impact of a change of decision associated with the change of price, any new project/campaign, foraying into new markets, etc. The organization can evaluate its performance in terms of budget & capital allocation and can adjust to any change accordingly.
Thus, a consistent financial model provides good results for a company. This has led to a great demand for financial & research analysts, and investment bankers in Chandigarh. Therefore, Financial Modeling courses in Chandigarh are on an upswing and providing good and stable career options to the aspirants.
Career Path and Opportunities of Financial Modeling
The most important and relevant skill required in a finance professional is the knowledge of financial modeling. There is a huge demand of finance professionals in most of the companies today. The companies prefer professionals with a good understanding of financial modeling which enables the professional to have a better understanding of the financial assets leading to better decision-making regarding investment. Also, they can better evaluate any project’s performance.
Knowledge of financial models also leads to realistic projections, capital investment, budget forecasting, and allocation. Overall the finances can be planned in a better way minimizing the losses. Well-informed decisions can also be made regarding new acquisitions or mergers.
Such financial skills provide good opportunities not only in India but worldwide as the global economy is full of uncertainties and full of complexities. Organizations are using data science for the creation of financial models. In order to have a good understanding of financial modeling a finance professional should have logical thinking with a problem-solving attitude. Excellent communication skills and mathematical skills are an absolute must.
Further, the person should have a good knowledge of accounting and finance. The professional should be excellent in VBA modeling. There is no requirement for a formal degree. However, preference is certainly given to MBA CA’s CFA’s. A person with an engineering background is also preferred. A professional would require several years of experience with practice to become proficient.
Aspiring finance professionals need to enroll in good finance modeling courses so as to develop a good understanding of these models. Financial Modeling professionals having sound skills can find employment in Corporate finance departments, credit rating firms, Asset management firms, Hedge funds, Equity research houses, Financial KPOs, etc.
The job profiles for such aspirants are investment bankers, project finance analysts, credit rating analysts, merger and acquisition analysts, venture capitalists, portfolio managers, financial analysts, associate analysts, equity analysts, as well as market research analysts.
Certifications in financial modeling provide an added advantage to the aspirants and help in achieving higher-level positions like audit managers, business analysts, etc. CA’s, MBA’s, CFA’s and commerce graduates can get added leverage after doing such sources.
Financial Modeling Salary
The finance modeling professional salary may vary depending on the experience, certification, location of the company, and company profile. Leading organizations have the requirement of such financial modeling professionals. Thus, a starting salary of around 4 LPA can be offered to a fresher.
An MBA fresher with an understanding of financial modeling may get a remuneration of around 3-4 LPA. A simple graduate from a commerce background can get a salary of 2.5 to 3 LPA.
For professionals having experience of 1-4 years, the salary can be up to INR 6 LPA. For professionals with experience of 5-9 years, the salary can be around INR 12 LPA. An experience of 10-19 years can get you a salary of INR 20 LPA and experience of greater than 20 years can get you a salary of INR 30 LPA.
In general, the average salary for a financial modeler in India is around INR 7.5 LPA. A financial model professional’s career can start as a business analyst in banking and analysis companies. A financial analyst can expect a salary of INR 5 LPA. The salary for a good finance manager can be around INR 12 LPA. If you are interested in working as an associate in investment banking you can get a salary of around INR 11 LPA.
If compared to the salary expected in other countries, the average salary of private equity analysts in the US may range from $70,000 to $1,00,000, and for an investment banking analyst salary may range from $85,000 to $1,00,000.
Hedge fund analysts may get somewhere between $90,000 to $1,00,000. Whereas an equity research analyst’s salary may range from $50,000-$80,000.
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Top 15 Institutes for Financial Modeling Courses in Chandigarh
Let’s now have a look at the institutes offering financial modeling courses in Chandigarh, in detail.
1. IIM SKILLS
One of the leading ed-tech institutes, IIM SKILLS, offers a variety of market-oriented, affordable courses that are in high demand amongst professionals and freshers. These courses are extremely helpful as they enable students & professionals to add better skillsets to their resumes.
Course Name – Master Financial Modeling Course
Course Fee – INR 39900/- + GST
Course Structure – The course covers a variety of topics like:
- Fundamentals of Accounting
- Fundamentals of Excel and Different Excel Concepts
- Understanding What a Financial Model Is
- Business Valuations
- Financial Statements Reading & Analysis
- Advanced Excel
- Assessment of Historical Data
Upon enrolment in the course, the aspirants are given access to LMS (learning management system) of IIM skills which is accessible at all times for life. The aspirants are made aware of the support desk and information regarding connecting with mentors in case of queries is also provided. Additionally, soft skill like the following is also imparted along with training for financial modeling:
- communication skills,
- presentation skills,
- verbal communication skills,
- email writing, and
- how to convey your points effectively.
IIT Delhi, in association with Upgrad, offers a Financial Modeling course with certification. This online course by Upgrad is a good option for aspirants who want to pursue of Financial Modeling Courses in Chandigarh. The course curriculum broadly consists of the following:
- Demystifying financial statements
- Deciphering a company’s performance using ratios
- Cost concepts and decision making
- Long-term investment decisions
- Budgetary control
Course Eligibility – Final-year students, graduates, entrepreneurs, business owners, managers, and technical executives can enroll in the program.
Course Type – Online live sessions by faculty members of IIT Delhi with real-world case studies, projects, and videos.
Course duration – 15-week long course with live lectures twice a week.
The aspirants need to submit an online application form at the Upgrad portal with copies of their credentials.
Course Fees – Rs. 75,000/- including taxes (EMI option available).
3. Financial Corridor Chandigarh
Financial Corridor is a good institute offering financial modeling courses in Chandigarh. The institute is located in Chandigarh thus offering the option of classroom training to the aspirants. The course is offered by the institute in two modes i.e. Live classes and online recorded with interactive classes.
This course is designed in such a way that it provides practical modeling knowledge and techniques along with knowledge of valuation tools for valuing companies. Also, it teaches analysis of the Economy & industries with a focus on the impact of mergers and acquisitions. The analysis is done using actual company statements.
The aspirants begin by constructing basic financial models on Excel spreadsheets and eventually develop full-scale forecasting models with valuation components by the end of the course duration. This course provides modeling knowledge that begins with the construction of a basic financial model on an Excel spreadsheet and ends with the completion of a full-scale forecasted model with valuation components.
Course Structure – The structure includes imparting fundamental knowledge of the following:
- Tools of financial modeling
- Data summarising and formatting
- Risk and return modeling
- Advanced Excel spreadsheet
- Financial statement analysis
- Company valuation
- Merger and acquisition analysis
Course Duration – Two Months
Course Fees – Rs. 50,000/- (inclusive of GST).
4. Grant Thornton (Online)
The course “Certificate in Financial Modeling and Valuation Online Live” is offered by Grant Thornton. The design of the program is suitable for working professionals as well as students and provides practical exposure to Financial Modelling and Valuation while building an understanding of how to develop business & valuation models.
The program provides conceptual knowledge & ensures the same is delivered with a good blend of the latest industry practices. The focus is on building concepts through case studies which helps participants to relate to scenarios similar to their job roles.
Course Structure – The structure involves imparting fundamental knowledge of the following:
- MS Excel
- Designing financial models
- Designing revenue and expense models
- Valuation techniques
- Creating presentations
- Mergers and acquisitions
- Visualization-interactive excel dashboard
- Business models
- Interpreting EPC and CAPEX schedules
Course Duration – 70 hours of study (40 hours of instructor-led sessions and 30 hours of recorded VBA and case study) with access to the LMS for up to one year.
Course fees – INR 30,000/- plus tax.
This course is one of the good options for aspirants who desire to pursue Financial Modeling courses in Chandigarh through online mode.
5. Excellence Technology, Chandigarh
This is a training course for delegates that provides hands-on knowledge to delegates to create cash flow forecasts in Excel. Training is provided on Excel functionality and VBA for task automation. This course is a good option for aspirants who desire to pursue Financial Modeling courses in Chandigarh through classroom sessions.
6. EduPristine (Online)
The focus of the course offered by EduPristine is on practical training which includes case studies. The course training is Excel-based, forums for discussion, and the aspirants are trained by subject experts. The course is designed to impart training to develop soft skills such as
- Presentation skills
- Email and virtual communication
- Decision-making and problem-solving
- Emotional intelligence
The institute also provides assistance for the preparation of job interviews by conducting interview workshops. The career guidance provided by the institute is customized as per the skill set of the applicant. Resume preparation and placement assistance is also provided.
Course Duration – 70 Hours
Certification – The courses offered are BSE certified.
This course by EduPristine is a good option for aspirants who desire to pursue Financial Modeling courses in Chandigarh through online mode.
7. GB Training & Placement Centre, Chandigarh
The design of the course is structured to provide training and impart knowledge of the following:
- Excel Basics, advanced Excel features
- Excel built-in functions and analysis tools,
- Building good Excel models,
- Financial statements forecasting,
- Time value of money,
- Financial planning, and investments,
- Analyzing market history,
- Bond pricing, and duration,
- Simulating stock prices,
- Sensitivity analysis,
- Merger and DCF models,
- Financial planning and investment,
- Beta calculation,
- Mergers, acquisitions, and corporate restructuring.
Course Duration – 60 Hours
This course is a good option for aspirants who desire to pursue Financial Modeling courses in Chandigarh through classroom sessions.
Udemy Institute offers a wide variety of financial modeling courses. One can choose from 126 financial modeling courses being offered. These courses focus on DCF valuation models, the basics of Excel, etc.
Following are a few top-rated courses from Udemy:
- Financial Modeling Workshop
- Return on Investment Analysis for Manufacturing
- The Real Estate Proforma Modeling Masterclass and
- building financial models
- value companies the easy way
- Forecast Business Outcomes Using Monte Carlo Analysis
- Financial Modeling for Corporates,
- Financial Modeling
- Complete Financial Modeling
- Real Estate Financial Modeling – The Complete Guide
Course fees – The courses’ fees range from INR 1280 to INR 12800. Seasonal discounts make the course more attractive and affordable.
The courses offered by Udemy are very good options for aspirants who want to pursue Financial Modeling Courses in Chandigarh.
9. IMS Proschool Private Limited.
Another institute providing financial modeling courses in Chandigarh is IMS Proscchool Private Limited, which has an association with Indian NSE. The mode of course is both offline & online. The structure of the course includes
- Project financing
- Equity modeling
- Financial statement reporting and analysis
- Corporate finance
The course design is based on case studies. The financial models of the Six sectors are covered. The capstone project is an initiative in which aspirants are trained under the guidance of a mentor.
Course Certification – The Institute provides Financial Modeling Certification. Other additional certifications that can be undertaken in the institute without additional fees are
- Mergers and Acquisitions
- Investment Banking
Course fees – Around INR 40,000/-
The course, with NSE certification, is an excellent option for aspirants looking to pursue Financial Modeling Courses in Chandigarh.
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10. Imarticus Learning, Chandigarh
Course Name – “The Advanced Management Program in Financial Services and Capital Markets” is the course offered by Imarticus Learning. The institute offers this course in association with IIM Lucknow,
Course duration – 126 hours of training for 6 months.
Course Eligibility – Middle management professionals with at least two years of experience.
Course Structure – The course design includes
- live lectures,
- capstone projects
- classes by industry speakers
The course comes with access to Hands-on projects, periodic assessments, and personalized capstone projects enabling students to gain good experience for applying to leading firms.
The course subjects include:
- investment banking,
- risk management, and compliance,
- capital markets and fintech domains,
- fundamentals of corporate finance,
- valuation, and
- equity research.
Course Certification – IIM Lucknow provides a certificate on completion of the course.
Thus, this IIM Lucknow accredited course from Imarticus Learning offers great career opportunities for aspirants looking to pursue Financial Modeling Courses in Chandigarh.
Coursera, under the aegis of Stanford University, is an American Massive Open Online Course provider. The course duration is 24 weeks & the course is suitable for beginners. The online is taught through the use of audio, video, and assignments. Their course module includes
- excel, analysis of data, and presentation
- creating spreadsheets and data validation
- modeling risks and realities
The 2 popular courses are
- Finance & Quantitative Modeling for Analysts
- Business and Financial Modelling Specialization
Course Fees – INR 5000/- (starting).
The courses are extremely affordable offering great learning opportunities for beginners looking to pursue Financial Modeling courses in Chandigarh through online mode.
12. Corporate Finance Institute
The course offers certification and includes 24 courses having 100 hours of video instruction. The course involves the following:
- building financial models
- financial analysis and ratios
- business valuation methods
- mergers and acquisitions analysis
- sensitivity analysis
- scenario analysis
- industry-specific financial models
- creating outputs using tools like PowerPoint, Excel, and graphs.
13. Wall Street Prep
Wall Street Prep is an international company providing extremely detailed financial modeling courses. Several mini-courses related to the finance industry are also provided with a focus on training students in building financial models using real-case studies and best practices.
Course Structure – The course structure includes:
- Financial statement modeling
- DCF modeling
- M&A modeling
- trading comps modeling
- transaction comps modeling
- LBO modeling
Curse Fees – $499 (Starting price of the premium package)
14. NSE Certification
The course is structured to impart training in the following topics:
- understanding financial modeling and financial statements
- building financial models
- financial statement analysis
- and methods of valuation
This online course is best suited for freshers who aspire to become Equity Research Analysts.
The course structure involves 59 videos and 10 hours of content.
Course fees – INR 9000/-
15. Henry Harvin
The design of the course curriculum is structured in such a way that it imparts knowledge regarding
- MS Excel tips,
- financial statements, and ratio analysis,
- financial management and corporate finance,
- project finance modeling,
- equity research modeling,
- financial report writing, and case studies.
It is a good Institute for those who want to pursue online financial modeling courses in Chandigarh.
The course focuses on
- advanced financial techniques
- excel sheet formatting
- financial reporting
- Knowledge of income statements, balance sheets, and cash flow statements
- application of financial statement and ratio analysis
- project evaluation
- financial statements, revenue, and cost
- generating reports
Course Duration – 40-hour live classroom sessions along with internships & projects.
100% placements are guaranteed with e-learning tools & techniques. Video content and assessment are also ensured. The trainers are highly experienced.
Which institutes offer online financial modeling courses in Chandigarh?
Due to high demand several institutes and MOOC platforms are offering online financial courses. The names of a few such institutes are
These listed institutes provide excellent financial modeling courses.
What are some important financial modeling skills?
The requisite skills to pursue financial modeling are accounting skills, excel skills, forecasting skills, skills to link the three financial statements, attention to detail, problem-solving skills, simplification of complex statements, design skills, and presentation skills. One needs a sound and in-depth knowledge of Excel formulas and shortcuts; how to create profit and loss statements, cash flow statements, and balance sheets; and how to create simple models. One should have the ability to interpret complex information in a simple format. A professional has to follow a logical flow of information. One should necessarily have the skills to read financial statements, dissect them, and build them back up.
What is the importance of financial modeling?
In the present economic scenario, financial modeling is the premiere skill to possess in the financial sector as it not only imparts an in-depth understanding of business, but also provides a periodic review of performance, helps in deciding the fund requirements, allocation, and strategy, provides business valuation, it also minimizes risk, generates quick outputs, provides accurate financial budgets and forecasts, and helps in business growth. A financial model is a prerequisite for various roles like private equity, equity research, business modeling, budgeting, financial controls, and many more. These skills enable one to take leadership positions across investment banks, start-ups, corporates, and e-commerce companies, to name a few. The course will help professionals gain an in-depth understanding of the theory of learning.