To calculate and estimate the impact of certain financial actions and use it to assess finances, financial modeling is the process of gathering an organization’s expenditures and revenues into a spreadsheet. It is an essential part of management and accounting in business. Based on the financial information it gathers, it enables firms to analyze their present income, forecast their upcoming costs, and make financial decisions. Through this inquiry, they may better understand their business model, protect it from hazards, and manage it to achieve their corporate goals. Given its significance, a variety of organizations provide financial modeling instruction. In this article, we shall compare and contrast IIM SKILLS vs GTA Financial Modeling Course, two programs given by recognized organizations.
Given that both institutions excel at what they do and have a long history of educating both professionals and students, it is challenging to tell which is superior. As a result, a comprehensive comparison or in-depth evaluation of both of these academic institutions is given. Many students may find this in-depth comparison of the IIM SKILLS vs GTA Financial Modeling courses useful in determining which institution is superior.
The explanation of the definition of financial modeling will serve as the beginning point for our comparison. Before starting the comparison it is very important to understand what is financial modelling and why taking up the course is essential to growing in a career in the financial sector.
What Does Financial Modeling Mean?
Financial modeling is the process of compiling a list of a company’s earnings and outlays that helps in evaluating the results of a potential event or choice made by the business or an individual. Using a spreadsheet, a financial model may predict how much revenue a business or financial institution will generate in the future. An activity required for business governance or investment management is referred to as financial modeling. It helps to translate the actions of individuals or the market into numerical projections. The forecast normally takes into account both the company’s historical performance and future expectations.
The Uses of Financial Modeling
A Company or Person Must Employ Financial Modeling in the Following Situations:
- Calculating the essential materials’ demand
- Futures, options, and other instruments are valued.
- To understand the benefits of a merger
- Identifying potential markets
- Constructing a success path map
- Calculate and predict risk
- The evaluation of a portfolio’s performance
- Look for undervalued securities.
Why Should I Get Courses in Financial Modeling?
A financial modeling course is a term used to describe a course that provides you with theoretical and practical knowledge-based training connected to the topic of finance. The way the financial and accounting industries function is crucial. Continuous record-keeping is a difficult job, as are several other activities. Any sector’s heart is the finance division. Finance is the most crucial area, from the smallest commercial firms to intricate governmental operations.
Each year, thousands of students graduate with degrees in business or a closely related discipline. Although the proportion of students qualified for occupations has increased dramatically, the number of positions has not increased at the same rate. Both private and public companies will hunt for a few extra incentives for potential employees. A person who has taken this course would be familiar with many aspects, if not all of them, as opposed to a total newcomer who would need training in practically every area of the company’s operations.
You may learn about how the financial sector operates in a financial modeling course, along with the many formats that can be used to process information.
According to a firm’s present profits, sales, balance sheet accounts, and cash flow, financial models are intended to assist organizations to anticipate the future financial success of a project or company. Financial models assist in running scenarios to determine the sensitivity of major outputs and inputs. Top finance professionals need to be proficient in financial modeling for the following reasons:
- Reduces the Risk of Financial Losses:
It enables organizations to know what to expect when they make particular decisions by giving fast solutions to jobs that could also take weeks or even years to complete. However, if a modification is made to the financial model, all the associated numbers and formulas will immediately update as well.
- Monthly Evaluations:
The actual performance of the organization as compared to what was forecasted by the budget or plan is also estimated weekly with the use of financial models. This is an important input, particularly for new businesses or small business owners who are not accustomed to the planning or budgeting process. Advanced Excel financial modeling enables business owners to make modifications that will guarantee the company turns a profit in the end.
- The Management of Risk:
Employing financial models to assess their initiatives helps businesses reduce their financial risks. Financial models assist business owners in understanding what is likely to happen if they take a certain action. With the use of these models, firms may, among other things, determine the effects of marketing campaigns, the expense of entering a new market, and the impact of pricing changes on the sector.
- Consistent Outcomes:
Exercises in financial modeling produce reliable outcomes. For instance, whether the business owner chooses to accept the funding now or in 10 years, taking out a loan will still raise money for growing the market. Additionally, the risks associated with taking out the loan will largely remain the same.
The majority of entrepreneurs are not experts in using modeling to analyze their financial data. This is because some people dislike working with numbers. If you don’t like doing this, though, you should seek help from professionals in financial modeling. Financial models are a valuable tool for your company or corporation, and it will be simpler for you to manage things if you hire a qualified professional to work for you. You can take your business to new heights if you hire the proper expert.
After Going Over the Fundamentals of Financial Modeling, Let’s Compare the IIM Skills Vs Gta Financial Modeling Courses:
We will do a side-by-side comparison of the IIM SKILLS vs GTA financial modeling course and inform you of all their unique advantages and disadvantages.
IIM SKILLS, India’s top online educational technology college, provides the greatest professional courses to help you redefine your career and make the most appropriate decisions depending on your preferences. This professional curriculum includes all of it from the most basic to the most difficult topics through a blend of theory and practicals.
IIM SKILLS helps you accomplish your objectives with extremely competent courses that boost your competence, improve your presenting skills, and support your success in the workplace. The course material is purposefully created to help students improve their abilities and get the greatest teaching.
By enrolling in this thorough course, you’ll be inspired to make the most of your financial modeling skills. It focuses on developing your Excel skills from basic to advanced levels, financial statements, equity modeling, accountancy, KPI analysis, and capital raising. It gets you off on the right foot in terms of understanding how to design financial projections.
You may improve your financial education and be prepared for employment once the course is over by skillfully merging technical financial abilities with soft skills.
IIM Skills’ educated team changes you in terms of complete acquisition by utilizing cutting-edge teaching techniques and a student-centric approach.
Basic and Advanced Excel:
- Introduction and understanding of the Ribbon
- Keyboard shortcuts
- Regular use functions- Vlookup, Index, etc
- Rules of Conditional Formatting
- Data Validation
- Table functions
- Pivot tables, Pivot Charts, and Slicers
- Different types of charts and graphs
- Sensitivity analysis
- Delimit and Flash Fill
- Return functions
- What-If analysis
Accounting Concepts and Financial Statements:
- Key Accounting Fundamental concepts
- Concepts of keyline items
- Concept of Comprehensive Income
- Relevance of Notes
- Preparing common size financial statements
- Reading of Annual Report
- Types of Ratios
- Activity Ratios
- Liquidity Ratios
- Solvency Ratios
- Profitability Ratios
- DuPont formula
- Valuation Ratios
- Basic and diluted EPS
- Financial Summary
Basics of Financial Modeling:
- Structure for a financial model
- Creating Scenarios
- Building Revenue
- Preparing different schedules
- Projecting financial statements
- Error tracking skills
- Formatting tips
- Addition of cover page
- LBO Model
- Three-Statement Projection Model
- M&A Model
- Private Equity Return Model
- 13-Week Cash Flow Model
- Relative Valuation
- DCF Valuation
- NAV Approach
- Football field analysis
- Valuation Output
- Valuation Report
- Pre-money and Post-money valuation
This Course Covers All of the Key Aspects of Financial Modeling, With the Underlying Curriculum Objectives:
- To educate candidates on how to develop ordered and dynamic financial models to prepare them for financial analysis that results in sound judgments.
- To provide the knowledge and skills required for success in the world’s financial markets
- To provide you self-confidence so you may develop a financial model with assurance
- Perform business valuations effectively and provide valuation reports
- Learn every aspect of Excel, including data validations, importing, sorting, and filtering.
- Learn how to forecast positive outcomes for problems in real-world settings using predictive models.
- Experienced trainers:
You will receive the most comprehensive Financial Modeling instruction available from the top instructors in the region with years of experience. They offer good advice on how to increase productivity and advance your career in addition to their experience. The mentors are extremely personable and receptive to your questions and concerns, in addition to being subject-matter experts. They bring up pertinent business topics for debate, led by professors with experience working for famous firms. They provide you with additional guidance and strategies to give you the advantage.
Get the Master Financial Modeling Certification from IIM SKILLS, which has been certified by the MSME Government of India. You will be able to work with companies anywhere in the world after finishing the course owing to the internationally recognized certifications provided by IIM Skills.
The simplicity with which you may receive credentials from respectable educational institutions is the fundamental advantage of studying online. The Certifications from the top online institutions, which are recognized by prestigious educational organizations, are accepted by large businesses, well-known organizations, and the labour market as a whole.
- Unlimited Access:
This distinguishes the IIM SKILLS Financial Modeling course from others. All of the course’s modules, lessons, recordings, and study materials are accessible for free to students who complete the program.
You may get lessons for financial modeling through online training. The lessons are accessible from anywhere, at any time. IIM Skills avoids employing traditional methods in favor of contemporary, student-centered ones to encourage true learning. The most useful forums for conversation and answering questions are those on our site. As a result, IIM SKILLS students are allowed to use any of their course content anytime they deem it appropriate.
- Getting Ready for Interviews and Getting a Promised Internship:
Some of this course’s unique aspects include the two-month guaranteed internship, interview practice, and extensive employment assistance. Each participant in the program must complete a two-month unpaid internship within one of the partner companies. The primary areas of specialization for the internship will be investment banking, financial modeling, and value consulting. The specialized placement unit thoroughly considers your employment prospects.
IIM SKILLS will continue to support you even after the course is over with career guidance, interview prep, and targeted soft skill training to increase your confidence and help you ace the interviews for the job of your aspirations.
Course Name: Financial Modeling Course
Duration: 3 months (2 months guaranteed internship)
Course Fees: INR 39,900 + Taxes
Contact number: +91 9911839503
Email Id: firstname.lastname@example.org
Other related professional Courses
In our quest to make a comparative analysis of IIM SKILLS vs GTA Financial Modeling Course, we now shift our attention to the other institute GTA or Grant Thornton Academy.
GTA – Grant Thornton Academy
LDA was founded by GTA – Grant Thornton exclusively to offer professionals and students outcome-based coaching and training. The influential courses at the institution have been tailored to help students get the most out of them.
LDA is a staunch believer in the advantages of a classroom environment in the current digital era of machine learning, emphasizing individual problem-solving while boosting group learning. Experienced professionals who teach the course will impart their knowledge of industry best practices as well as personal experiences.
GTA’s extensive expertise in a variety of industries and fields, including its skills to provide practical understanding and aid students in comprehending and putting difficult concepts into practice, will be used by LDA.
GTA financial modeling course is designed to give working professionals and students real experience in financial modeling and valuation, as well as to aid them in comprehending and creating business and valuation models. The layout of the curriculum perfectly integrates conceptual knowledge with industry best practices. To assist our participants in connecting the circumstances to their employment tasks, our methodology focuses on ideas through case studies.
This training will assist you in developing financial models that are clear and simple to use so you can understand the possibilities and threats that organizations are now facing. Additionally, this application will assist you in evaluating the success of a financial asset, portfolio, business endeavor, or other investment.
The Program will Emphasize:
- Resolving MS Excel questions and updating Excel formulae
- Making financial model designs
- Building basic macros and designing revenue and expenditure models for a variety of sectors, including consumer products, contemporary retail, real estate, and automotive components
- The development of dashboards that summarise models
- Using models to provide reports
- Valuation strategies
- Basic Business Model
- Financial Statements
- Financial Model – Data:
- Project Valuation – Introduction
- Modeling Delays
- Project Valuation – Circular Logic and looping
- Project Valuation – Creating EPC Schedule
- Project Valuation – CAPEX Schedule
- Project Valuation – P&L
- Project Valuation – Asset Schedule
- Project Valuation – Valuation
- Project Valuation – GANTT Chart
- Visualization – Interactive Excel Dashboard
- M&A – Introduction
- M&A – Evaluation
- M&A – Valuation
- Using “Ask the trainer,” there is a two-way communication – The platform for communication with the instructors and the clearing of all their doubts is offered to the students in this course.
- Question answered in 24 hours – The trainers are constantly available to answer questions for the students, and the answers are usually given within a day.
- Adaptable – Students may study the ideas whenever they want and wherever they want because the course is quite flexible.
- On all tablets and smartphones – The course may be taken on a tablet or a mobile device.
- Cost-effective – The cost of the course is reasonably priced.
- Livestreaming of Sessions – The live streaming of the online classes enables the students to interact with their instructors and ask questions.
- Access to LMS is Free for a Year – Additionally, the pupils will get a year’s worth of access to the school’s learning management system (LMS). There will be access to instructional materials through the LMS.
- Certificate of completion – When the last test is passed successfully, you will receive a certificate.
Course Name: Certificate in Financial Modelling and Valuation Online Live
Course Fee: INR 30,000 + Taxes
Course Duration: 70 hours
A Comparison of IIM SKILLS vs GTA Financial Modeling Course
We observed via extensive research that the IIM Skills financial modeling course has a fantastic success rate. Choose IIM Skills if you’re interested in a career in financial modeling as an investment banker, credit analyst, or equities research analyst, or if you already hold one of these prestigious professions but are comparatively unknown to the financial industry. The best thing about the course is that the mentors at IIM Skills are always eager to help the students, irrespective of whether they are employed. The second bonus is that students may use the LMS anytime they wish.
For people who desire to learn financial modeling, the GTA’s financial modeling course is a top choice. The institute maintains that a hands-on approach should be used to teach the concepts and subjects to its pupils. The institute places a strong focus on offering individualized instruction because every student has a different set of skills.
FAQs on IIM SKILLS vs GTA Financial Modeling Course
Q1. Can engineers enroll in the Financial Modeling course?
For the financial modeling program, the applicant does need not to have a background in finance. Anytime the applicant wants to understand how decisions are made, whether they are made in the framework of project finance, investment analysis, or any other sector of the economy.
Q2. What criteria should I use to determine whether the financial modeling course is suitable for me?
Financial modeling can be of interest to you if you have a thorough grasp of the financial procedures used by corporations and wish to investigate how these organizations might run more successfully with exact data and analysis. Considering your expertise in accounting, analysis, and financial modeling, along with your knowledge of the precise, you can make your decision.
Q3. What prerequisites must be met before enrolling in this Financial Modeling course?
The three portions of abilities that one needs to acquire to enroll in this course are as follows:
Financial Reporting, Financial Management, and Techniques for Valuation
- Excel and Analytical Skills, Core Competencies
Excel Financial Statement Analysis, Building financial statements and creating financial models
- Financial knowledge and expertise in related fields
Understanding the market includes knowledge of its framework, financial industry, mutual funds, credit ratings, etc.
Conclusion and Analysis of IIM SKILLS vs GTA Financial Modeling Course
This article does a comprehensive study of both IIM SKILLS vs GTA Financial Modeling courses. Both organizations are well-known, have excellent success rates, and are constantly striving to do better for the benefit of their students. It would be best if you reviewed the course material and supplementary deliverables before deciding which course to sign up for.
We’ve already discussed the differences between IIM SKILLS vs GTA Financial Modeling Course. It’s time to finish things off. Once we do that, let’s first discuss the institute that will be most helpful to you. Although each person has unique interests and tastes, the choice of which service to select for a financial modeling course ultimately lies with the individual. A choice can only be made after thoroughly examining each institute, the cost of the course, the amenities, and the manner of delivery.
Thus, we may conclude that the objectives of our assessment of the educational entities were met. We hope that you will choose the course that will benefit your career progress the most.