You may have decided that it’s time to do a financial modelling course to enhance your career, change your career or merely to understand financial modelling further. So how do you decide which option is best for you? At most institutions that offer financial modelling courses, the courses are split according to the level of intensity needed.
We have highlighted a few that are available below:
Beginners
Financial Modelling Fundamentals
Purpose: If you’re a beginner this is the course you need to start with. As an entry level course the content usually covered is the core principles that are essential in order to build effective financial models.
Duration: Usually quite a long course in order to cover all the basics. From 4-5 days.
Prerequisites: Basic understanding of Microsoft Excel, Income statements, balance sheets and cashflow.
Budget Modelling Techniques
Purpose: This is a course that is for people that don’t necessarily want to become financial modellers but would like to understand financial models better in order to construct effective and efficient budgets using Excel.
Duration: Usually about 3 days
Prerequisites: An understanding of income statements, balance sheets and cashflow statements is beneficial but not essential.
Intermediate
Basic Finance for Modelling Course
Purpose: This course is usually designed for those that understand excel extensively and want to extend their financial knowledge to the next level and become a financial modeller.
Duration: Usually a 1-2 day course
Prerequisites: Basic financial and accounting knowledge, extensive Excel knowledge, understanding corporate performance and best practice modelling methodology.
Specialised Excel for Modelling Success
Purpose: This course is a step further in financial modelling and includes teaching the skills necessary to build financial models as well as control, influence and convert large sets of data into succinct, and meaningful reports.
Duration: Usually a 1-2 day course
Prerequisites: An advanced understanding of excel is usually necessary.
Advanced
Financial Modelling Masterclass
Purpose: In our article What is a Financial Modelling masterclass? We cover the purpose and layout of a typical masterclass. This course however is for those that want to master the art of financial modelling and use these models often as well as effectively in a large business environment.
Duration: Up to 4 days
Prerequisites: Advanced understanding of Excel
Premium Financial Course with VBA
Purpose: This course will usually consist of a number of modules and theoretical as well as practical knowledge will be tested. Often in these course delegates will need to discuss the results of a model and recommend necessary courses of action to senior executives, based on a what-if analysis of the business case.
Duration: Up to 5 days
Prerequisites: Advanced understanding of Excel
For those financial modellers that want to take it a step even further and specialise in financial models for certain industries, the following are also available with certain institutions:
Specialised Industry Courses:
Advanced Financial Modelling Course for Investment Evaluation
Project Financial Modelling Course
Real-Estate Financial Modelling Course
Mining Financial Modelling Course
If you’re still undecided as to whether to do a course or not, have a look at The Benefits of completing a financial modelling course.
Established in 1998 Goalfix Financial Modellers has grown into a highly specialized firm of financial modellers and model trainers. To learn more about financial modelling services or financial modelling courses offered contact Goalfix today.
