Are you a commerce graduate looking for lucrative job prospects? Are you looking for skills to thrive at the interview or want to have a high-paying job? Then this article is designed for you. Whether you want to a career change, get a promotion, or start your firm, financial modeling will help you anticipate future business performance and assess how different factors will affect your revenue. In this article, we will present insights into financial modeling, its importance, and its role in the corporate world in making conscious career decisions. This article covers the financial modeling courses in Kolkata that can help candidates choose the right course diligently.
In the dynamic landscape of the finance sector, possessing the right skills is imperative for securing lucrative job prospects. Financial modeling is one such skill imperative for finance professionals.
For commerce graduates and finance professionals, mastering financial modeling is not just an option but a necessity. This article delves into the significance of financial modeling, its role in the corporate world, and how acquiring this skill can pave the way for high-paying job opportunities.
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Table of Content
- Introduction to the essence of financial modeling
- Definition and Role of Financial Modeling
- Scope and importance of financial modeling
- Skills required to be a financial modeler
- Job profiles
- Online financial modeling courses in Kolkata
- List of top colleges in financial modeling courses in Kolkata
Introduction to the Essence of Financial Modeling
Financial modeling is a skill that is in high demand. It deals with handling an organization’s financial status, generating budget goals, identifying business opportunities to increase profits, and improving financial strategies to reduce operating costs.
The Core of Financial Modeling:
Financial Modeling is more commonly considered a skill set essential by financial analysts to forecast the path of a company’s future course of financial status. A financial analyst is a person who has financial modeling credentials and talents.
There is a wide array of financial modeling courses online and full-time degree programs, short-term certificate courses, or diploma courses available for the aspirant to pursue a career in the financial sector.
Definition and Role of Financial Modeling:
Financial modeling creates a summary of a company’s costs and income to assess the impact of a future event or decisions to be made by the firm or an organization. A financial model is a tool to create a spreadsheet to forecast the future financial performance of an organization.
It aids in the conversion of the financial market into numerical projections. Based on past performance and future expectations, the financial model is designed to forecast the market position of the company about its competitors in the market, to invest in new product development, to support other companies financially, to decide whether to sell equity shares or raise debt on debentures for company expansion or to merge or acquire another company.
Aspirants who pursue financial modeling courses can find good job opportunities in start-ups and businesses. It opens the door to high-paying jobs in budding sectors such as banking, insurance, and venture capital markets.
Scope and Importance: Global Relevance:
Finance is the bedrock of any company structure, and financial modeling helps the finance analyst navigate the complexities of the company’s financial condition and gauge the financial health of the organization to make strategic decisions within the organization.
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Skillsets Required for Financial Modeling:
To become an expert in financial modeling a strong understanding of accounting, proficiency in Microsoft Excel, an eye for financial analysis, data analysis, knowledge of finance and valuation, presentation skills, a logical framework for problem-solving, ability to study financial statements, attention to details, and capability to convert a vast amount of data into a manageable format is required.
Knowledge of theory combined with practical experience makes a professional adept in financial modeling. There is a wide array of courses that train the student to adopt these skills for evaluating the current financial status, assessing the assets and liabilities of the company, making informed decisions to allocate finance for future projects, and anticipating future financial risks and opportunities.
Job Profile After Financial Modeling Courses in Kolkata
The job profile of Investment Banking in financial modeling encompasses a multifaceted range of responsibilities. They assess and model the financial performance of companies, conduct valuation analyses, and make recommendations for investment decisions.
In the arena of financial modeling, investment bankers hold a pivotal position in mergers and acquisitions (M&A) as they develop intricate financial models to assess the financial consequences of prospective transactions. This involves forecasting future cash flows, conducting due diligence, and presenting financial analyses to clients.
Financial Advisor- The Financial advisors do much of what financial planners do but they also help clients with savings, budgeting, insurance and also with tactics to save tax. Financial advisors follow up with their clientele to track the dynamics of the financial status of the organization and reform plans and goals.
Financial Consultant– The Financial consultant advises the client organization on financial planning to accelerate the growth of a finance of the organization. Financial consultants are freelancers hired by the organization at high fees.
Financial Planner- Organizations and small businessmen hire financial planners to analyze the goals and risk factors in possible investment plans to ensure maximum profit outcomes. He ensures the client organization invests in profitable business ventures.
Financial Modeling Analyst– A Financial Modeling Analyst utilizes financial management knowledge to prepare financial models in a chart, usually an Excel spreadsheet to evaluate the consequences of decisions on the company’s prospects. With strong accounting knowledge.
Finance Manager- The finance manager is responsible for keeping an account of the balance sheet of an organization, preparing financial reports, cash flow statements, and profits and loss statements for better decision-making and maintaining the financial status of the organization.
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Top 5 Financial Modeling Courses in Kolkata
1. IIM SKILLS-
IIM SKILLS is an increasingly popular online institution offering a range of professional courses that can pave the way for a rewarding career. What sets this platform apart and gaining momentum in the education sector are its standout features.
Students enjoy lifetime access to the Learning Management System (LMS), allowing them to revisit session recordings and study materials whenever needed. The trainers are industry experts, ensuring comprehensive support, and students gain practical experience through internships, providing a glimpse into real-life scenarios.
It is a 3-month live online Financial Modeling Course that covers 70+ hours of dynamic lectures, encompassing 50 hours of intensive training and considerable time spared for doubt clarification, 100+ hours of hands-on assignments, 10+ financial modeling templates, and 5+ real-world case studies along with guaranteed 2- month internship and gives required exposure to the real-life scenarios.
This commitment reflects the confidence in the quality of education provided. Impressively, IIM SKILLS has successfully trained and placed 35,000 professionals in lucrative positions, showcasing the effectiveness of their programs in securing high-paying jobs.
Completing comprehensive financial modeling courses in Kolkata will undoubtedly open up cutting-edge opportunities in the field of finance in the corporate and non-corporate sectors as the course module covers basic and advanced Excel 8-10 hours, Accounting concepts and financial statements 5-7 hours, Ratio/KPI analysis 4-6 hours, Basic of Financial modeling 4 hours, Different types of financial model 12-15 hours, Business valuation 7-9 hours, financial modeling using Python 3 hours.
With such an intensive course curriculum, the candidate can get the required exposure to the core concepts and requisite skill sets.
Additionally, the course also covers soft skills essential to revel in the corporate world and financial markets such as problem-solving skills, attention to detail, critical and analytical skills, financial and accounting skills, market research, and valuation.
The eligibility criteria are an outgoing commerce graduate, or degree in the finance field, a working professional, CA, MBA- Finance, and those looking for a career shift with basic computer knowledge.
2. Preschool –
Preschool, an IMS initiative, has a rich legacy spanning over two decades and has been a key contributor to the success of its candidates. It stands out as a top online financial modeling course, having trained over 12,000 candidates in its financial modeling program and successfully placing 50,000+ students in core financial roles.
With a branch office strategically located in Kolkata, Preschool offers comprehensive financial modeling courses in Kolkata, both virtually and in a classroom setting, catering to the needs of professionals in the region.
They are in partnership and association with NSE Academy, NSDC, and Skill India, its certificate is globally accepted.
Highlights of the Course-
- You will get 2 certifications in one program they are:
- Financial Modeling certification from NSE India
- Course completion certification from IMS Proschool & NSDC.
- You will learn financial models of more than 6 sectors.
- You will be trained by IIMs / CFA charter faculties.
- 80 Hours Audio Video enabled “Live & Interactive training program on CISCO Platform with faculty Industry Experienced faculty”.
- Get recorded sessions for future reference.
- Immediate access to your Learning Management system for 1 year.
|Module 1 Problem Solving in Excel –
|Problem identification & solving approach, Descriptive statistics, Excel basics, Excel functions & Financial Math, Excel visualization, Storytelling with data
|Module 2 Financial Statement Analysis –
|Introduction to FSA, Income statements, Balance sheet, Cash flow, Ratio analysis
|Module 3 Corporate Finance Module –
|Time Value of Money and IRR, Cost of Capital, Sources and uses of Capital, Build your first model
|Module 4 Project Finance –
|Intro to Project finance, Build a complex financial model from scratch, Evaluate & recommend
|Module 5 Equity Modeling –
|Introduction to valuation, Souring historical data, Forecasting costs and revenues › Forecasting BS and CFS, DCF & Relative valuation
The financial modeling course provides a certificate that is globally recognized and accomplishes the dream of transitioning career goals into reality.
3. Corporate Financial Institute –
Corporate Financial Institute is another training platform that provides 20+ free courses on financial analysis, accounting, and, modeling. Financial modeling courses in the FMVA program provide from beginner to advanced, to acquire critical skills for becoming a world-class financial analyst.
It equips you with financial statement analysis, modeling, accounting, budgeting, forecasting, excel, PowerPoint, and more to perform the role in investment banking, private equity, M&A, business valuation, and corporate finance.
The virtual financial modeling courses in Kolkata provide working professionals with the required flexibility to complete the program self-paced to advance their careers.
The FMVA program consists of 42 courses comprising 2710+ lessons, and 200+ interactive exercises based on real-life simulations to obtain a strong background in financial modeling and valuation.
4. Wall Street –
Breaking into Wall Street is one of the largest online training platforms offering financial modeling courses.
It provides a comprehensive course curriculum designed to make the candidate job-ready and equipped with all the relevant skill sets both soft skills and hard skills through the modules containing real-life case studies that expose them to practical experience combined with structured theoretical knowledge.
It is an online program that facilitates the learner to devote time according to their convenience and time suitability.
|Curriculum: course syllabus
|Module 1: Financial Modeling Overview and Core Concepts (1.5 Hours) – This module introduces the time value of money, IRR, PV, NPV, and the Discount Rate. •
Module 2: Accounting Fundamentals (4.5 Hours) – These lessons explain how the financial statements link together and how items such as accounts receivable, deferred revenue, prepaid expenses, leases, and capital expenditures flow through them. This module is intended for students without an accounting background; those with accounting knowledge can skip it. • Module 3: Financial Statement Analysis and Accounting Test Questions (3.5 Hours) – Students learn about Working Capital and the Change in Working Capital, Free Cash Flow, and key metrics and ratios (ROE, ROIC, ROA, etc.); they also complete practice questions to test their understanding of accounting and the financial statements. •
Module 4: 3-Statement Models with Templates (2.0 Hours) – Students complete 30-minute and 60-minute case studies based on Monster Beverage and Stadler Rail AG. • Module 5: 3-Statement Model from a Blank Excel Sheet (2.5 Hours) – Students complete a 2-hour case study based on Coles (Australia); they must read the annual report, input and simplify the financial statements, and project the statements to make an investment recommendation. •
Module 6: Equity Value, Enterprise Value, and Valuation Multiples (5.0 Hours) – This module features case studies of Target, Zendesk, and Vivendi that walk students through the concepts and calculations for Equity Value, Enterprise Value, and valuation multiples.
• Module 7: Valuation and DCF Case Study from a Blank Sheet (5.0 Hours) – Students complete a valuation and DCF of Steel Dynamics starting from a blank Excel sheet and learn how to project ADD TO CART Unlevered Free Cash Flow and calculate key items such as WACC and Terminal Value. Several optional lessons cover data retrieval for the public comps and the setup required for the “football field” valuation graph.
• Module 8: Supplemental Valuation Topics and Real-Life Usage (2.0 Hours) – In this optional module, students learn to use the output of a valuation/DCF in an investment banking pitch book, equity research report, and hedge fund stock pitch. The lessons also cover supplemental topics, such as less common valuation methodologies (DDM, FSP, SOTP, etc.) and the treatment of leases in a valuation.
• Module 9: Merger Model Concepts and Simple M&A Model (3.0 Hours) – Students learn how to calculate EPS accretion/dilution, understand how Equity Value and Enterprise Value change in deals, and complete a 60-minute merger model based on Builders First Source and BMC Stock Holdings.
• Module 10: Full Merger Model (3.0 Hours) – Students extend the 60-minute merger model in this module and build a version with the full financial statements, a valuation/DCF, a relative contribution analysis, and a value creation analysis. The final lesson explains how to use the model in a client presentation or pitch book.
• Module 11: Leveraged Buyouts and Simple LBO Models (4.5 Hours) – Students complete simple LBO models, including a 60-minute exercise that starts from a blank Excel sheet and a 90-minute exercise that uses a template. These examples are “cash flow only,” i.e., LBO models without the full financial statements.
• Module 12: Full LBO Model (3.0 Hours) – Students complete a 3-hour LBO model (full financial statements) based on the Great Canadian Gaming Corporation (GCGC) and learn how to recommend for or against the deal based on the model’s output.
• Module 13: Debt vs. Equity, Bond Analysis, IPOs, Follow-Ons, and Private Companies (5.0 Hours) – In this optional module, students learn how to make an equity vs. debt recommendation for Netflix, analyze its bonds, and build simple models for initial public offerings (IPOs) and follow-on (FO) offerings. A final lesson summarizes the key differences in private company valuation
5. Kredent Academy
Kredent Academy offers a wide spectrum of offline and online Financial modeling courses in Kolkata expanding the opportunity to enroll for short-term certification courses or full-time degree programs such as BBA in Financial Markets and BCom in financial modeling.
The Academy also offers postgraduate courses in Financial modeling for which the minimum qualification is a master’s in Finance and Banking, Chartered Financial Analyst, and a commerce graduate with work experience.
The highlight of this course is it provides flexibility for attending weekend classes in Kolkata. The program is certified by NSE Academy.
The Course Modules Cover
- Understanding Financial Modeling and Financial Statements
- Financial Statement Analysis and Forecasting
- Methods of Valuation
- Financial Modeling Case Study
The course fee ranges anywhere between INR 50,000 to INR 10,00,000.
The average finance manager’s salary in India is INR 991,180. With 10-19 years of experience, finance managers can earn up to 12 lakhs.
In India, The eligibility criteria to pursue a career as a Financial Manager is a Bachelor in Finance and Management, a BBA, and an MBA with the application knowledge of Financial modeling.
Q. Is financial modeling courses in Kolkata a viable option and career path?
Learning financial modeling opens the door to a spectrum of job opportunities in various domains such as Investment Banking, Equity Research, Real Estate, Credit Rating, and Risk Management.
Q. Is it possible to study financial modeling on your own?
Yes, Of course. But with consistent effort and knowledge of advanced Excel sheets and work experience. otherwise, for freshers, it is compulsory to enroll for the certification course in financial modeling.
Q. Is it possible to learn financial modeling online? What is the scope of doing online financial modeling courses in Kolkata?
Of course. Several virtual platforms provide financial modeling courses in Kolkata. IIM Skills, IMS Proschool, EduPristine, Udemy, and Coursera offer certified financial modeling courses with a comprehensive and intensive curriculum that focuses on not only theoretical knowledge but also practical hands-on experience by exposing them to real-life case study methods and internship opportunities to equip the candidate with required skillsets and confidence. Because most corporate finance positions require finance modeling abilities, the financial modeling courses in Kolkata will give numerous employment opportunities.
Q. Is the financial modeling course, especially in Kolkata affordable?
Yes, the financial modeling courses in Kolkata are affordable.
Online program in Coursera offers free enrolment, other online institutional platforms charge anywhere between 15000 INR-30000 INR.
Whereas college institutes providing degree certificates charge anywhere from 150000 INR to 700000 INR.
Q. What is the salary increment for the professional post-completing financial modeling courses in Kolkata?
Post completing a financial modeling course in Kolkata, the salary varies depending on the job role. Based on the job profile and experience the salary differs. With experience, the salary increases by 40%
|Job Role Starting Salary (Annual)
|Financial Analyst INR 5.07 Lakh
|Associate: Investment Banking INR 10.09 Lakh
|Equity Research Associate INR 6.78 Lakh
|Equity Analyst INR 6.50 Lakh
|Research Associate INR 5.50 Lakh
|Finance Associate INR 7.35 Lakh
|Investment Analyst INR 9.84 Lakh
|Risk Analyst INR 8.50 Lakh
|Credit Analyst INR 7.00 Lakh
|Junior Financial Analyst INR 3.60 Lakh
The financial growth of an organization depends on its valuable and reliable method. And this is why, today, the demand for analysts in financial modeling is high. Financial modeling is an essential skill set if you are looking forward to seeking a professional career in the finance sector.
Here, in this article, we have listed the top-recommended institutes in Kolkata that are highly preferred for financial modeling courses in Kolkata. These institutes are listed based on their rankings and ratings. We believe the provided information and course-related details help you to seek your professional goals.