Top 10 Financial Modeling Courses in Singapore With Placements

Do you want to upgrade yourself by developing skills related to banking, investment management, and finance? Do you want to switch your career, look for a promotion, or want to start your business? Financial Modeling is the reply to all the above queries. It is a high-demand skill. Many universities have started financial modeling courses, along with many institutes. So many offline and online financial modeling courses are available in Singapore. To help you find out the right course, we have reviewed the top 10 financial modeling courses in Singapore.


List of best financial modeling courses in Singapore


We have ranked them on the criteria of study content, cost, duration, certification, and job assistance. This article will give you a basic understanding of financial modeling and its courses in Singapore. Let us deep dive into financial modeling.


Table of Content:

What is Financial Modeling?

Types of Financial Modeling

What are financial modeling tools?

Components and steps of financial modeling

Financial modeling scope and Average Salary

What is the use of financial modeling?

Top 10 Financial modeling Courses in Singapore

Frequently Asked Questions



 What is Financial Modeling?

Financial Modeling is the procedure for calculating a business’s financial performance. The calculation is grounded on the blend of company history data and hypothesis of the future data. Financial modeling is to create a synopsis of a company’s expenditure and produce to calculate the impression of future verdicts. Financial modeling is a highly valued and comprehensive skill in financial analysis.


10 Most Common Types of Financial Models:

Financial Modeling constructs models which represent a company’s financial statements and operations mathematically. These models include various financial and economical scenarios, analyze them, and then deliver recommendations.

The main determination of a financial model is to scheme financial statements, such as income, balance, and cash flow, using schedules, such as depreciation, amortization, working capital management, and debt management, among others.

There are many types of financial models on the bases of purpose and need. Each financial model solves a unique problem. Different types of financial models are:


1. Three Statement model: It is the basic financial model. In this model 3 statements income statement, cash flow, and balance sheet are all connected to each other with the formulas in Excel.  All three statements are linked and a set of expectations are extracted.


2. Discounted cash flow model: It is the most important among all the financial models. In this model, a business’s value is equal to the sum of its expected free cash flows, discounted appropriately. For determining a company’s absolute value, investors rely heavily on this method.


3. Comparative company analysis model: It is also known as Comparable or comps – one of the important company valuation analyses used in investment banking companies. In this method, a company’s financial metrics are compared against peer group firms.

It works on the norms that in the peer group of firms all the companies have similar valuation multiples like EV/EBITDA – A ratio comparing enterprise value (EV) with earnings before interest, taxes, depreciation, and amortization (EBITDA). This is a relative type of valuation, unlike discounted cash flow which is intrinsic valuation.


4. Sum-of-the-parts model: It is also mentioned as a break-up analysis. In this model, valuation is done by assessing the value of each division of business separately and consolidating them to find the entire value of the business. This model is used in conjunction with various models.


5. Leveraged buyout model: It involves obtaining another company using a significant amount of borrowed money (bonds or loans) for the purpose of acquiring it. In addition to the assets of the acquiring company, the assets of the company being acquired are often used as collateral for loans.


6. Merger and Acquisition model: It refers to the consolidation of companies and their assets by various financial transactions. Various activities of acquiring another company are possible, like buying and absorbing the company outright, merging with it to create a new company, acquiring some or all its major assets, submitting a stock tender offer, or arranging a hostile takeover. All these come under the merge and acquisition model.


7. Option Pricing model: It is a mathematical model that calculates an option’s theoretical value using certain variables. An option is a type of contract between two companies that provides the right not compulsion to sell or buy the assets at a pre-set price. It is the main purpose of a pricing model to determine whether an option will be exercised “in-the-money” or “out-of-the-money”.


8. Budget Model: The income statement is typically the primary focus of budget models, as they are typically developed based on monthly or quarterly figures.


9. Forecasting Model: Financial planning and analysis (FP&A) uses this type of forecast to compare with the budget. Sometimes the budget model and forecast model both are in the same workbook or sometimes indifferent.


10. Consolidate Model: A model like this consists of multiple business units rolled into one.


What Are Financial Modeling Tools:

As the financial model required huge data like company income, expenses, and payroll. All these data come from different sources. So, the finance modeling tool is a hub that consolidates all the data from a different sources. The financial modeling tool requires to do calculations and forecasts based on the metrics and calculations. So financial modeling tool or software is the program that performs all the above activities.


Finally, there are two types of financial modeling tools:

Template-based tools with Spreadsheet- Excel

Devoted financial modeling tools- Cube, Oracle BI, Jirav, Finmark, Quantrix, Synario, IBM Cognos.


Components and Steps of Financial Modeling:

There are four main components of financial modeling are:

  •       Income statement
  •       Balance sheet
  •       Cash Flow Statement
  •       Debt Schedule


The Major Steps That Need to Follow While Creating Financial Modeling Are:

  • Collect Historical Data: A company preparing financial modeling needs to gather and analyze historical data, as sometimes past statements disclose unseen trends of the future. A minimum of 3 years of data are essential.
  •  Calculate the parameters: Next step is to understand the ratio and metrics of the data.
  • Computation of Assumption for Future Forecast: Use historical data, reports, ratios, and metrics to build future assumptions. These future assumptions are used to calculate growth, rates, and assets. Using all the above data is used to forecast accounting statements of the business-like future income, balance sheets, and cash flow.
  • Forecast business risk: A summary is created of the output final forecast. Based on the forecast accounting statements future risk will also be assumed.
  • Sensitive analysis and stress Testing:  Identification of the challenges and situations in the business. And the resilience of the business in those challenging situations will be tested. Testing of the business’s crucial scenarios and its sustainability is done in this step.


Financial Modeling Scope and Average Salary 

Financial modeling professional is necessary for almost every business today to understand the presentation of financial resources and to make investment verdicts. Financial modelers are appointed by many industries:

● Banks
● Equity research firms
● Credit rating companies
● Finance companies
Project finance companies
● Consultancy firms
● Corporate finance companies


S$62,200 per year or S$27.19 per hour is the average finance analyst salary in Singapore. The starting salary for entry-level positions is S$49,613, while the highest-paid workers earn up to S$90,000.


What is the Use of Financial Modeling?

Financial modeling is a method that depicts the past, present, and predicted future of a company in numbers. Decision-making is intended to be facilitated by such financial models. Companies create financial models for a variety of reasons, including raising capital, growing organically, selling, or divesting business units, allocating capital, budgeting, forecasting, or valuing businesses.


Top 10 Financial Modeling Courses in Singapore:

  • Corporate Finance Institute
  • Singapore Management University
  • AMT Training
  • Knowles Training Institute
  • Simplilearn
  • PwC’s Academy
  • National University of Singapore
  • KnowledgeHut
  • The CFO Desk



IIM SKILL is the most trusted and reputed institute for educational courses. All its courses are with the latest content provided by trained professionals/ experts. This institute offers internship and job assistance too. 


Course Name: Online Financial Modeling Course

Duration: 3 months (More than 70 live lectures) 


Key Features of the Financial Modeling Courses in Singapore:

The course provides 2 months Internship, 100 % job assistance, Mock interview preparations, and live case studies. Provided many eBooks and other resources related to the course for a lifetime. It is the only institute to provide financial modeling courses using Python and Excel. 

The main aim of this course is to equip students with capabilities and skills in the financial market across the world, so learners can make effective decisions related to finances, make confident to prepare financial models from start to end, and ability to prepare business valuations and reports. 



Module 1 (8 to 10 Hours) – Basic and Advance Excel

Module 2 (8 to 10 Hours) – Accounting Concepts and Financial Statements

Module 3 (3 to 4 Hours) – Ratio and KPIs Analysis

Module 4 (10 to 12 Hours) – Technical of Financial Modeling

Module 5 (18 to 20 Hours) – Different Types OF Different Models

Module 6 (6 to 8 Hours) – Business Valuations


Prerequisite of the course:

Anybody who can do this course who is pursuing or degree holder in commerce or finance-related stream, CA (pursuing or degree holder), MBA/FRM/CFA (pursuing or degree holder), Finance department professional, or Engineers.  Just a basic knowledge of computers and Excel will be the plus point.


2. Corporate Finance Institute: 

It is an educational platform that provides online training in the finance and investment sector. This institute offers many courses and certificate programs like Financial Modeling and Valuation Analyst, Commercial Banking and credit Analyst, Capital Market and Securities Analyst, Business Intelligence and Data Analyst, and many more.


Course name: FMVA (Financial Modeling and Valuation Analyst)

Duration: 6 Months


Content of the Financial Modeling Courses in Singapore:

The Syllabus includes more than 150 courses over 5000 Lessons. The core curriculum contains the following areas: 

  • MS Excel Training Basic to Advance
  • MS PowerPoint Skills
  • Financial Analysis Fundamentals
  • Accounting Principles and Standard
  • Operational Modeling
  • DCF Valuation Modeling
  • Comparable Valuation Analysis
  • 3 Statement Modeling
  • Budgeting and Forecasting
  • PF&A Monthly cash flow forecast Model
  • Scenario and sensitivity Analysis in Excel
  • Dashboards & Data Visualization
  • PowerPoint and Pitchbooks
  • Professional Ethics (Soft Skills Training and VC Building)


3. Singapore Management University: 

This University was established in 1997, now internationally recognized for its high-class education. Its mission is to generate innovative research with a worldwide influence as well as create broad-based, artistic, and empire-building leaders. Learning at SMU is characterized by high levels of collaboration, association, and project-based education.


Course Name: Advance Financial Modeling and Corporation Valuation

Duration: 4 Days



  • Underlying principle for modeling
  • Building Financing Models
  • Effects of Strategic decisions
  • Decision Making
  • Company Valuation


Learning Objective:

The course helps learners to create a 3-statement from starting, integrate with dynamic cash balancing.

Create Models on the core financial statements

Learners use various approaches to company valuation

Practice financial modeling to aid investment verdict creation


4. AMT Training:

This Institute has offered financial training courses to upskill professionals for more than 20 years. The course covers building a three-statement forecasting model for a corporation, including best practices for formula construction. The training will teach learners proven techniques and habits for minimizing errors, adapting models easily, and auditing them effectively.


Course Name: Financial Modeling – BootCamp

Duration: 3 Hours (1.5 hours of  video content)



  • Model steps
  • Balancing the balance sheet
  • Calculate Interest
  • Stress testing and final checklist


Key features of the financial modeling courses in Singapore:

  • Using a set of assumptions, forecast a cash flow statement, balance sheet, and income statement.
  • Clearly and correctly building formulas
  • Matching balance sheet from CFS
  • Utilize average balances to estimate interest income and expenses, and care should be taken to avoid deliberate circularity.
  • Ensure that model is free of errors and ready for sharing with colleagues or clients by saving it in a proficient manner


Recommended Reads:


5. Knowles Training Institute:

This institute offers top-class training and solutions. A variety of learning solutions are designed, evaluated, developed, and delivered by this institute. By identifying people, processes, and problems that hinder the performance of organizations, this institute helps clients to attain the best results. 


Course Name: Financial Modeling In Excel

Duration: 2 Days


Content of the Financial Modeling Courses in Singapore:

  •       What is Financial Modeling?
  •       How to Build Financial Modeling
  •       Why use Excel for Financial Modeling?
  •       Beginners Guide to Excel
  •       Using Excel to build a financial modeling
  •       Methods and Calculations are used for building a Financial Modeling
  •       Using tables and Charts in Excel
  •       Effective designs and templates for a Financial Modeling
  •       Using Functions in Excel when developing financial modeling
  •       Excel shortcuts that can speed up making financial modeling reports
  •       How to organize Data in the Excel
  •       Things to avoid when making a Financial Modeling


6. Simplilearn:

This institute is the world’s no1 online BootCamp and professional training provider. It helps learners to upskill with real-world projects of companies and get the certification. This institute empowers learners to succeed in the digital world. 


Course Name: Financial Modeling with Excel Training Advanced Certification Training

Duration: 15 hrs



Module 1: Valuation modeling

Module 2: Merge and Acquisition Analysis

Module 3: Project Finance Modeling 

Module 4: Monte Carlo Simulation

Module 5: Advance ReduceMap

Module 6: Advanced Charting Techniques


 7. PwCs Academy:

This academy offers educational and learning services. Using PwC’s global network of firms as best practices, the academy provides diverse training courses that associate real-life business experiences with classroom learning. And course professionals make it more real and applied.

It is PwC’s undertaking to develop business leaders and experts of the future by providing high-level training in finance, accountancy, taxation, law, human resources, internal audit, controlling, management, and business skills through its Academy, which offers training courses in finance, accountancy, taxation, law, human resources, internal audit, controlling management, and business skills.


Course Name: Introduction to Financial Modeling

Duration: 1-2 days



  •  Financial Modeling
  • Best Practice of Financial Modeling
  • Useful Excel Function
  • Building up the profit and loss statements
  • Building up the balance sheets 
  • Building up the cash flow statement
  • Investment Appraisal Tool
  • Model Audit


8. National University of Singapore:

This is the public research university in Singapore. Founded in 1905, it provides a wide range of degree programs for undergraduate or postgraduate. This is the top-ranked academy in the world. Academics, researchers, staff, students, and alumni at the National University of Singapore strive to work together to create a better world through innovation and enterprise. 


Course Name: Financial Modeling

Duration:  13 weeks 3-hour session


Content of the Financial Modeling Courses in Singapore:

  • Basic Excel Functions
  • Personal Finance
  • Corporate Financial Decision
  • Stock Valuation
  • Matrices
  • Excel Array Functions
  • Portfolio Models using Solver
  • Portfolio Functions using Function
  • Option Pricing Models Black Schole
  • Option Pricing Models Simulation
  • Bond Modelling


 9. Knowledge Hut:

In the global corporate world, KnowledgeHut is the leading training provider that helps professionals across industries and sectors improve skills, gain recognition, and grow. KnowledgeHut delivers high-value training services in technology and management through innovative and practical approaches.


Key features of the financial modeling courses in Singapore:

  •       24 hours of live Instructor-led training
  •       Practical exercise for better retention of concepts
  •       Advanced Excel methods with hands-on training
  •       Training by experts
  •       Tips and methods to build a vigorous financial model
  •       Certification after the course


Course Name: Financial Modeling with Excel Training



  • Modeling Architecture  
  • Sample Detailed Case  
  • Timeline Modeling  
  • Revenue & Capex  
  • Depreciation
  • Financial Structure  
  • Debt Schedule  
  • Costs Drivers  
  • Dividend & Tax  
  • Integrating the Financials  
  • Valuation  
  • Ratio Analysis
  • Circularity Switch & Iteration  
  • Simple Marcos  
  • Bond Valuation


10. The CFO Desk

Among the leading Virtual CFO firms, CFO DESK provides financial management and compliance services to help family businesses, start-ups, entrepreneurs, and entrepreneurs plan their businesses, obtain various registrations, tax returns, and accounting, establish processes and systems, raise funds, and assist with equity participation.


Course name: Financial Modeling for Business Decision

Duration: 2 days



  1. What Is Financial Modeling?
  2. Why The Need for A Financial Model And Financial Modeling?
  3. The 5 Phases In Financial Modeling
  4. How To Construct A Base Financial Model
  5. How To Design A Financial Model
  6. Collection Of “What If” Variables – Sensitivity Investigation
  7. Adjusting Selected Variables In Financial Model
  8. Analysis And Interpretation Of Results
  9. Financial Ratios Re-Visited
  10. Application Of Financial Modeling
  11. Sales Force Planning
  12. Finance Dept Headcount Justification
  13. Breakeven/CVP Analysis
  14. Budgeting & Forecasting (To Achieve Required Target Numbers)
  15. Monitoring Shortfall Between “Actual Vs Budget”
  16. Projected Financial Statements (P&L And Balance Sheet)
  17. Investment Appraisal
  18. Corporate Planning And M&A Requirements


Frequently Asked Questions:


Q1. What is Financial Modeling?

Financial modeling is the synopsis of the company’s earnings and expenses. The purpose of financial modeling is to predict future events and activities that will influence business, identify financial dangers and chances, and compute the value of the company.


Q2. Which is the best among the financial modeling courses in Singapore?

All the above-mentioned institutes offer the best financial modeling courses in Singapore. They all are ranked according to many parameters like curriculum, job assistance, fee, and duration. This list will help to select courses according to your requirement. It’s an asset for your career.


Q3. Who is eligible for the financial modeling course?

Anyone who completed the 12th class with Accounting, Finance, and Mathematics as major subjects can apply for the financial modeling course.


Q4. Is the Financial Modeling job in demand?

Financial modeling talent is in high demand in the present-day business environment where data science is used to build financial models and predict future tendencies. It differs from auditing and traditional accounting jobs and has enough scope in Finance and related segments.


 Q5. What is the duration of financial modeling courses in Singapore?

It is estimated that the courses will last between three and four months on average. But few are available for 1 or 2 days, called crash courses with all practical and real-time knowledge.



Several great institutions offer education in Singapore, making it one of the best educational centers in the world. Students who desire to enter the financial and accounting fields can benefit greatly from financial modeling courses in Singapore. Regardless of the industry, financial modeling is a valuable skill. Consider whether you want a general course or an industry-specific course when looking for financial modeling courses. The above list mentions all types of courses. So, take advantage of this opportunity now to kick-start your career in the right direction. Congratulations on your bright future.

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