Financial modeling is used to analyze any company’s performance and plan to predict the future based on calculations of the past. It is one of the most important and highly recognized skills in the business world. If you want to pursue a career in financial modeling, the information in this article will assist you in selecting the best and most reputable financial modeling courses in Toronto with certification.
What is Financial Modeling?
It’s a threefold approach including the data, analysis, and decision-making. Let me tell you in simple terms. The first aspect of any decision in finance is data and the second aspect is analyzing that data, which is to take a decision.
Whenever you want to make any decision rather than any sensible decision, you need some data, some information, and some calculation to support that, that information or data, the calculation or analysis supporting your decision is nothing but your financial modeling.
Though financial modeling is not only concerned with financial statements, it goes far beyond. But on the very ground level, this exactly is the definition of financial modeling. A good financial model is simple enough for anyone to understand while also being detailed enough to deal with complex situations.
So the proper definition is, building Financial modeling is both an art and a science and it requires creating a dynamic tool in Excel, that can be used to evaluate investment opportunities, mergers & acquisitions (M&A), capital raising, or to assess a company’s historical and forecast what is going to be the financial condition of this business in future.
These future financial statements are known as financial models. It is also called investment banking.
Types of Financial Models
We need a lot of data to prepare any financial model, and the best tool for that right now is Microsoft Excel. Although the financial model can be prepared using any spreadsheet software, MS Excel is the most comprehensive and user-friendly.
As a result, it is most commonly used in the industry to prepare financial models. Different financial models serve different purposes, and a financial modeler must understand how to choose the suitable model for their purpose and scope.
- Three Statement Model
- Merger Model
- Forecasting Model
- Discounted Cash Flow (DCF) Model
- The sum of Parts Model
- Leveraged Buyout (LBO) Model
- Budget Model
- Consolidation Model
- Comparable Company Analysis
- Initial Public Offering (IPO) Model
- Option Pricing Model
Uses of Financial Models
All of these models are prepared for decision-making. So, here is a list of the decisions that you can take or use those financial models.
- Future operational performance
- Future financial performance
- Capital expenditure to be incurred
- Funds required to fulfill future obligations
- Cash flows/free cash flows generated
- The enterprise value of equity value
- Analyzing certain ratios
- Analyzing the trend of a business
- Performing scenarios/sensitivity/stress analysis
- Making investment decisions in a private or public company
- Pricing security
- Undergoing a corporate transaction such as merger and acquisition M &A, divestiture, capital raise
Skills Required for Financial Modeling
Broadly speaking one of the crucial skills is both Accounting and Finance Knowledge. But, here is the list of required skills to become a finance modeler.
- Excel Skills
- Linking the three financial statements
- Forecasting Skills
- Problem-Solving Skills
- Attention to Detail
- Detail vs. High-level strategy
- Simplification of Complex Information
- Design Skills
- Presentation Skills
All of these work together to create a very unique skill set that qualifies you as a world-class financial modeler.
Career and Scope of Financial modeling Courses in Toronto
One of the most valuable and useful skills in finance is financial modeling. Strong technical skills and knowledge of financial modeling are required for many professions worldwide.
This is because forecasting and an organization’s financial situation are important to decision-making in a wide range of scenarios such as analyzing an organization for investment purposes, guiding an organization on capital raising, comprehending an organization’s performance, and finding areas where an organization’s operations can be improved.
Additionally, financial modeling is used to evaluate projects at different stages, such as new project launches, developments, and Greenfield projects. Even if you are a fresher or looking for a job in the accounts and finance sector, learning financial modeling skills will give you an advantage over your competitors and will help you choose and start up your career.
It is ideal for candidates who are graduates, post-graduates, post-doctoral candidates, or have completed a course in engineering and commerce and want to work in finance.
Jobs and Salary in Financial Modeling
Any important business move will need to be understood in terms of its financial implications through a solid financial model. There are many professions and career paths that require financial modeling. Here are the most common industries that depend on skilled technical and financial modeling knowledge:
- Investment Banking Analysts and associates
- Equity Research Analysts and Associates
- Private Equity Analysts and Associates
- Credit Analysis
- Financial Planning and Analysis (FP & A) Analysts and Managers
- Corporate Development Analysts and Managers
- Management Consultancy, Portfolio Management Firms
- Private Equity Funds, Hedge Funds, Venture Capital Funds
- Transaction Advisory Firms
- Commercial Banks/ Non-Banking Finance Companies
- Financial Due Diligence Firms
- Research and Outsourcing Companies
- Project Finance
- IB Associate
- Credit Rating
In Toronto, the average salary for financial modeling is $56,018. However, it may differ depending on the position and field of financial modeling. As we all know, experience and expertise in this field are required for a well-paying position.
Best practices for an organization’s successful system are part of financial modeling, and these exercises have evolved over time to produce one of most forecasting. There are many institutes to choose from, so select the one that is best for you. After that, here in this article, we have explored the top financial modeling courses in Toronto with certification
Rank# 1. Financial Modeling Courses in Toronto
1. IIM SKILLS
About: The top financial modeling accreditation program in the world is offered by IIM SKILLS. They allow candidates, employers, and the general public to identify actual financial modeling proficiency through their examinations and accreditations.
The six modules in their Financial Modeling and Valuation course, which is divided into both academic and practical knowledge, are well-balanced. Throughout the course, there are numerous tasks that provide students with a hands-on grasp of the important subjects.
For this program, there is no prerequisite training or prior expertise in financial modeling. You will learn how to use Microsoft Excel to create a financial forecast that can explain the solution to relevant business problems along with a fundamental understanding of business and financial data analysis tools and techniques, and learners get to build essential skills.
The most essential skills required to get a job in finance will be taught in this curriculum. They will help you build a portfolio of projects, get ready for typical interview questions, polish your resume and LinkedIn profile, and get advice on how to apply for positions during their two-month guaranteed internship with IIM SKILLS.
Program/Course Name: Financial Modeling Course
Course Duration: 5 months (3 months live online class+ 2 months internship session)
Fees: 648.53 Canadian Dollars + 18% GST
Mode of the Class: Online Virtual Class
Financial Modeling Courses in Toronto Syllabus:
- Basic and Advanced Excel
- Accounting Concepts and Financial Statements
- Ratio/KPI Analysis
- Technical of Financial Modeling
- Different Types of Financial Models
- Business Valuation
Certificate: You will receive your global master’s certification of the FMC course after passing the exam.
Contact Information
Phone: +91 9580740740
Email: info@iimskills.com
Rank# 2. Financial Modeling Courses in Toronto
2. The Marquee Group
About: This financial modeling specialization was created by the marquee group for anyone interested in learning how business decisions are made using big data. This is a beginner-level financial modeling program that teaches students how to build financial models in general, specialized industries, and infrastructure.
Their general financial modeling program consists of six courses followed by capstone projects that provide the learner with important theoretical and applied skills for analyzing and modeling data for business purposes. It includes capital structure (LBO) modeling, merger modeling, advanced capital structure modeling, advanced operational modeling (expansion), and advanced merger modeling.
The Building a Financial Model of a Company course offered by the marquee group has five specific learning objectives: model design, logic, construction, financial concepts, and accounting treatment. You will learn things of important formulas and procedures needed to construct a dynamic model that forecasts the income statement, cash flow statements, and balance sheet of the business.
Applying the knowledge of financial modeling to a genuine issue that meets the highest industry standards is required as part of this practical project.
Program/Course Name: Building a Financial Modeling (Of a company)
Course Duration: 8 to 12 hours
Mode of the Class: You can enroll in their course as a self-directed online mode or as a webinar. The format of their online course consists of 55 videos and more than 7 hours of interactive instruction with practical assignments.
Course Syllabus:
- Design and Structure a Financial Model
- Build Powerful Scenarios and Financial Statements
- Incorporate all Relevant Schedules
Certificate: You will receive a certificate once you have finished the course.
Fees: Contact the institute for fee structure.
Contact Information
Phone: 416-583-1802, 844-583-1802
Email: info@themarqueegroup.com
Rank# 3. Financial Modeling Courses in Toronto
3. Knowledge Hut
About: Knowledge Hut is an online platform that provides professionals with worldwide training. Since its founding, they have consistently provided services for highly valuable programs. With flexible scheduling, they offer a variety of courses and materials with regular updates.
While taking their Financial Modeling with Excel course, you will learn, apply, and analyze financial models using Excel, which covers the fundamentals of Microsoft Excel.
You will gain a thorough grasp of Excel techniques through practical hands-on training, which will also help you to comprehend financial statements, build financial models, master balance sheets, and use ratio analysis to manipulate large datasets of financial data with analytical accuracy.
Program/Course Name: Financial Modeling with Excel
Course Duration and Fees: 24 hours
Mode of the Class: Live online class
Course Syllabus:
- Account Boot camp
- Financial Structure and Accounting
- Extra Excel Applications
Certificate: You will receive a certificate once you have finished the course.
Contact Information
Phone: +1-613-707-0763
Email: reachus@knowledgehut.com
Rank# 4. Financial Modeling Courses in Toronto
4. Corporate Finance Institute (CFI)
About: A well-known international institute, Corporate Finance Institute is recognized by the Canadian CPA institutions and the Better Business Bureau (BBB) for respecting its training program. All of their certification programs are accessible to students and professionals from a range of industries and degrees of experience, and they have trained some of the most experienced professionals.
Their Financial Modeling and Valuation Analyst (FMVA) program is comprehensive. It is divided into core courses and more than 25 unique elective courses. All course materials, PPTs, and videos, as well as any future updates, will be accessible to you through your subscription. It also includes a variety of exercises, tests, and written assignments.
Your FMVA certification course curriculum is set up to cover everything and will teach you the fundamental abilities needed to do real-world financial analysis. You must receive 80% on this program in order to pass and achieve the certification.
Program/Course Name: Financial Modeling & Valuation Analyst (FMVA)
Course Duration: 4-5 months
Fees: the self-paced program is $497/year and the Full immersion program is $847/year
Mode of the Class: Online Learning Class
Course Syllabus:
Prep Courses- 8 Fundamentals
Core Courses – 12 financial modeling and Valuation courses
Elective Courses – 18 elective advanced and specialized subjects
Every course consists of these major learning objectives
- Accounting
- Excel
- Finance
- Financial Modeling
- Valuation
- Budgeting and Forecasting
- Presentation and Visuals
- Strategy
Certificate: Upon completion of the program, you will receive a digital certificate.
Contact Information
Phone: 1-(800)-817-7539
Email: learning@corporatefinanceinstitute.com
Also Check:
- Financial Modeling Courses in Dublin
- Financial Modeling Courses in Sydney
- Financial Modeling Courses in Melbourne
- Financial Modeling Courses in Kenya
- Financial Modeling Courses in London
- Financial Modeling Courses in Hong Kong
Rank# 5. Financial Modeling Courses in Toronto
5. Noble Desktop
About: Noble Desktop is a technology training center in New York City with a NY state license that offers full-time and part-time certification programs in a wide range of subjects, including data science, web development, digital marketing, graphic design, and many others, that teach students at beginner through advanced levels.
For total beginners, Noble Desktop offers a number of free lectures. Their certificate programs and boot camps are beginner-friendly and often call for little to no prior knowledge in the field. This program is divided into three sections in which you will master the basics of finance, accounting, and corporate valuation.
The standards and changes in the industry are regularly addressed in this program. With their flexible schedule, if you already work, you can take it part-time or full-time on weekends. If you are a learner who is interested in a particular career, this course is ideal for you.
You’ll study everything you need to know about financial modeling in this course. Despite being an expensive option, this course is worthwhile because you’ll receive a certificate upon completion.
Program/Course Name: Financial Modeling Boot camp
Course Duration and Fees: Noble Desktop provides a total of 18 hours of live online training. The total tuition amount is $995 with flexible payment plans.
Mode of the Class: Virtual Online Class
Course Syllabus:
- Advanced Excel for Financial Modeling
- Intro to Corporate Finance, Accounting & Modeling
- In-depth Financial Modeling Valuation
Certificate: After completion of this course, you’ll earn an official NY State-Licensed certificate.
Contact Information
Phone: hello@nobledesktop.com
Email: (212) 226-4149
Rank# 6. Financial Modeling Courses in Toronto
6. Financial Modeling Institute (FM institute)
About: The Financial Modeling institute offers the most comprehensive certification and validation for learners’ expertise in financial modeling through the world’s top financial modeling accreditation program.
Their certifications serve as internationally recognized credentials for highly developed Microsoft Excel and financial modeling skills, making them perfect for professionals and students in the fields of finance, accounting, investment, insurance, and business.
The challenging scenarios in their exams are comparable to advanced tasks found in everyday life, where they prioritize practical methods. The curriculum of this program grows from basic to advanced levels. If you’re thinking about enrolling in the full Financial Modeling program, you’ll also need to take additional modules that cover essential skills for developing into a top-tier financial analyst.
The courses are divided into four levels, and each level is recognized as a separate certification. However, the Chartered Financial Modeler and Master Financial Modeler accreditations can only be obtained after the previous level has been successfully completed.
Program/Course Name: Foundations in Finance Modeling
About: It obtained a thorough knowledge of the most important financial modeling topics that are essential to your financial modeling path. The exam included multiple-choice questions that lasted an hour and were proctored.
Course Duration: 15 hours
Fees: US $195
Mode of the Class: Online Virtual Classroom
Course Syllabus:
- Introduction of Financial Modeling
- Financial Model Design
- The Revenue Schedule
- Cost Schedule
- Financial Statements
- Depreciation
- Income Tax
- Working Capital
- Debt and Equity
- Outputs and Troubleshooting
- FMI Foundations Exams
Certificate: Successful candidates will be granted a digital badge.
Program/Course Name: Advanced Financial Modeler
About: You must create an integrated 3-statement model from the beginning within a specified 4-hour time limit to reach this level, exhibiting your outstanding modeling abilities.
Course Duration: 75-100 hours
Fees: US $695
Mode of the Class: Online Virtual Classroom
Certificate: After successfully passing the exam with 60%, you will earn an AFM certification.
Program/Course Name: Chartered Financial Modeler
About: To advance this level, you must have AFM accreditation and demonstrate your mastery of financial modeling by using Excel to solve challenging issues within a certain time limit. To demonstrate skill in using complex models to solve problems, a four-hour exam was proctored.
Prerequisite Required: AFM Required
Course Duration: 75-100 hours
Fees: US $695
Mode of the Class: Online Virtual Classroom
Certificate: After successfully passing the exam with 40%, you will earn a CFM certification.
Program/Course Name: Master Financial Modeler
About: You must have CFM accreditation in order to reach this level, and by sharing your original research and insights, you can contribute to the growth of the worldwide financial modeling knowledge base.
Prerequisite Required: CFM Required
Mode of the Class: Online Virtual Classroom
Certificate: After successfully passing the exam, you will earn an MFM certification.
Contact Information
Email: info@fminstitute.com
Rank# 7. Financial Modeling Courses in Toronto
7. Imarticus Learning
About: Imarticus Learning is a well-known international institution that offers advanced training and professional degrees in a wide range of fields, including financial services, analytics and artificial intelligence, business analysis, and core technology.
They have partnered with international behemoths like KPMG to develop its financial analysis courses, allowing students to gain the skills that real-world wants. Their three-monthly online training curriculum offers the aspirant a comprehensive and easily digestible treatment of accounting and statement analysis, financial modeling tools, valuation methodology, stock research, corporate finance strategy, transaction execution, and other financial analyst abilities.
Additionally, they will assist you with upgrading your technical and soft skills, such as mastery of PowerPoint and Microsoft Excel, aptitude training, resume development, etc. The priority of practical training in this course is achieved through the use of case studies, lectures, and hands-on projects.
Plus, you will have access to extra study materials on the learning portal, including eBooks, PowerPoint presentations, case studies, and previous class recordings. The Imarticus team will support you throughout the program, get you ready to conquer even the most difficult interview, and assist you to get a job.
Program/Course Name: Financial Analysis with Prodegree
Course Duration: The 180-hour course consists of 60 hours of self-paced instructor videos and 127 hours of live instructor-led training on weekends.
Fees: Rs. 99,000/-
Mode of the Class: Live Online Training
Course Syllabus:
- Financial Analysis
- Financial Statement Preparation
- MS Excel
- Accounting Basics
- Ratio Analysis
- Financial Modeling
Certificate: You will receive a certificate upon completion of the financial analysis course.
Contact Information
Phone: +91 9319746164
Email: info@imarticus.com
Financial Modeling Courses in Toronto: Frequently Asked Questions
Is financial modeling a good career?
In today’s competitive job markets, financial modeling is an excellent career option because everyone is aware of it and it is necessary for every business. When looking for extra possibilities or specialization within a broad job choice, financial modeling contains various posts which is also a great advantage.
What is the role of the finance modeler?
People inside and outside of businesses use financial modeling for decision-making and financial analysis. The ideal job for a financial modeler is to grow the business organically, sell or invest in business units, budget plan, forecast, and value businesses.
What are the requirements for pursuing financial modeling courses in Toronto?
The eligibility criteria for finance modeling differ depending on the institute that offers the course. Students who received at least 40% in their 10+2 examination and graduate students with accounting, finance, and mathematics as their major subjects are eligible to pursue finance modeling. Even a fresher can enroll in one of these financial modeling courses in Toronto with certification from a reputable institute.
Conclusion About Financial Modeling Courses in Toronto
That’s it. This article about financial modeling courses is most appropriate for those who want to learn more about creating financial models and want to improve their skills and knowledge in this field. We have covered financial modeling’s definition, various types, uses, and job and career characteristics. If you are looking for an effective way of learning finance modeling, consider one of these top Financial Modeling Courses in Toronto with Certification. For additional information about these courses, contact experts who will help you through the entire process.