If you are looking for financial modeling course options and are confused about which one, should you select, this article will guide you about the comparison between IIM SKILLS vs Wall Street Oasis Financial Modeling Course. I have covered points that will help you to select the course that fits perfectly for you. Many institutes are offering financial modeling courses, as standalone courses or as part of a major course. So, this article will cover an in-depth analysis of these 2 institutes.
Before we begin our comparison of the institutes, let us understand a few points about financial modeling.
What is Financial Modeling?
Financial modeling combines accounting, finance, and business numbers to represent an abstract representation of an organization. For developing models there are various tools used in Excel. There are many career paths in financial modeling and the uses are unlimited. Let us see some of the uses of financial models –
- Making business decisions
- Making investment decisions
- To issue securities or issue debts, a financial model is required for the valuation of securities
- If a company is planning for mergers & acquisitions or raising capital, then the financial model will be of great help for such big corporate transactions
Role of a Financial Modeling Expert
There are a lot of areas in which a company uses financial models and bases its decisions on them. So, a Financial Modeling expert is responsible for the most important changes that a company might take based on the analysis provided by the financial modeling expert.
Let us see a few examples where a financial modeling expert can make predictions and help in the decision-making process –
- For valuation of the company’s securities
- Needs and requirements of raw materials that will be required by the company in the future
- If a company is planning a merger, then a financial modeling expert should be able to analyze the situation and suggest to the company whether they should proceed with the decision or not. For this purpose, the financial statements of both the companies are compared
- Predict whether the company will be profitable shortly
- Identifying upcoming market opportunities and advising the company if it is profitable to proceed
- Keeping a check on the investments and funding part and advise accordingly
- Prediction of any unforeseen risks in business
So, the role of a financial modeling expert is vast, and the job role depends on an organization. Some companies hire a financial modeling expert to look after the complete financial business decisions while some companies will have a specifically defined job role for a financial modeling expert. The job role of a financial modeler will also depend on the experience one has in this field, like in every field or sector.
If you are just starting your financial modeling journey, you will be offered the basic role, and gradually as you might progress, you can reach higher stages in your career.
It is very important to choose a course that will help you to develop your skills and enhance your career prospects. So, this comparison between IIM SKILLS vs Wall Street Oasis Financial Modeling Course will help you to analyze both the courses and make the decision accordingly.
Let us proceed to our analysis of the IIM SKILLS vs Wall Street Oasis Financial Modeling Course. To make it simple, I have divided the comparison into different points, so it becomes easy to understand and compare.
The Main Points of Comparison Between IIM Skills Vs Wall Street Oasis Financial Modeling Course Will Be as Below:
- About the Institutes – IIM SKILLS vs Wall Street Oasis
- Course Highlights
- Course Modules
- Course Fees
- Placement assistance
So, Let’s Begin Our Point-wise Comparison Between IIM Skills Vs Wall Street Oasis Financial Modeling Course
1. About the Institutes – IIM SKILLS vs Wall Street Oasis
Before we join any course, we must know the details about the institution that we are joining. Let us begin with IIM SKILLS.
Set up 5 years ago, IIM Skills delivered over 2500 training and have trained over 15000 students across the globe from 35+ countries.
The main point to note is that IIM Skills specializes in providing online classes that are conducted Live.
Its mission is to impart training for job-related or professional courses at affordable pricing. Many times, we might want to enroll in a course, but avoid attending because of mainly 2 reasons –
- The fees for the course are extremely high and so we feel that we should not invest money or do a job for a few months before joining, so we can comfortably afford the fees
- It might also happen, that fees for the course are less, but the course contents do not justify the course and we feel that it does not cover all the points that might help us in our career growth
Both the scenarios will not happen in the case of IIM Skills, since the institute offers all the courses with an affordable fee structure and all the course modules are designed in such a way that they will help you sharpen your skills and prepare you for the job. The course structure includes theory lectures as well as practical assignments to help you understand better.
Wall Street Oasis
Launched back in 2006, Wall Street Oasis is a community-based website for professionals in the finance and accounting sectors, undergraduates, and graduates in the finance sector. The community consists of various threads, discussion forums, and information about any upcoming lectures. The basic idea is to connect with like-minded people and to learn and grow together.
You can ask any finance-related questions in the forum, and they will be answered by fellow students or community members, and industry experts. Interaction is another way of learning and Wall Street Oasis promotes this philosophy.
The main activities in the Wall Street Oasis community include – Financial modeling training, guidance about interview preparation, conducting mock interviews, GMAT preparation, resume review services, and notifications about the job openings on the wall street oasis job board.
Wall Street Oasis offers courses in the finance sector and offers interview preparation courses.
Let us move to the course details for both the institutes so you get a clearer idea between IIM SKILLS vs Wall Street Oasis Financial Modeling Course.
Other Courses offered at IIM SKILLS
- Content Writing Master Course
- Digital Marketing Master Course
- Advanced SEO Course
- Technical Writing Course
- GST Certification Course
- BAT Course
2. Course Highlight
The Financial Modeling Course Highlights Offered by IIM Skills :
- Interactive live online course
- Flexible scheduling
- Practical assignments
- Hands-on learning
- Dedicated placement cell
- 100% interview guarantee
- Tool-based practical learning
- Mentorship by top-level professionals
- Community access to the alumni
- Refund the amount of the fee in case you are not satisfied with the course after the first lecture
- Accredited certification from IIM Skills
- Full learning support
- 3 months course duration + 2 months guaranteed internship
Tools used in this program
Wall Street Oasis
Wall Street Oasis offers many different types of courses for financial modeling. You can choose a specific course like excel training, learning PowerPoint for finance, DCF Modeling course, or any other course related to learning the models.
You also have an option to choose a package that offers bundles of different small courses. The packages are designed to suit everyone’s requirements. If you are a beginner, you can join The WSO Foundations Package which focuses on the basics and if you are already working in the financial modeling sector and want to enhance your skills, then you can choose Elite Modeling Package.
3. Course Modules
Now let us have a look at the course modules for the financial modeling courses offered by both the institutes, so you can understand the courses and choose the best between IIM SKILLS vs Wall Street Oasis Financial Modeling Course.
The financial Modeling Course offered by IIM Skills is divided into 6 modules –
Module 1 – Learning Excel – basic to the advanced levels
Module 2 – Various concepts of accounting and analysis of financial statements
Module 3 – Ratio / KPI analysis
Module 4 – Basics of financial modeling
Module 5 – Learn about different types of financial models
Module 6 – Business valuation
Wall Street Oasis
Wall Street Oasis provides separate courses for financial modeling. The courses are for excel and PowerPoint training, and there are separate courses available if you want to learn any specific financial model like Financial Statement Modeling Course, DCF Modeling, M&A Modeling, and more.
Also, they offer different course packages which club various similar separate courses into one course offered at a discounted rate. A few of the packages and their details are mentioned below –
This is a basic-level package and perfect for beginners and students in the financial modeling field. The 3 courses included in this package are –
- Excel Course – basic and advanced levels
- Learning PowerPoint Course
- Basics in Accounting Course
Private Equity Master Package
This package includes 2 courses related to private equity.
- Private Equity Deals Process Course
The course will familiarise you with the private equity analyst roles and you will be able to successfully evaluate potential investment opportunities.
- LBO Modeling Course
Learn to build the LBO model and develop strategies to analyze the situations based on the results.
Elite Modeling Package
This package includes 6 courses –
- Excel Training
- LBO Modeling Course
- M&A Modeling
- Financial Statement Modeling
- Valuation Modeling
- DCF Modeling
4. Course Fees
The fees for the financial modeling course offered by IIM Skills are ₹ 39,900 + 18% GST. As I mentioned earlier, IIM Skills has an affordable fee structure, and all the course modules are designed in such a way that they will help you sharpen your skills and prepare you for the job. The course structure includes theory lectures as well as practical assignments to help you understand better.
Wall Street Oasis
Wall Street Oasis courses are charged at various prices listed below –
Foundations Package – $247
Private Equity Master Package – $497
Elite Modeling Package – $497
Real Estate Master Package – $497
You can choose to enroll in the package courses, or you can even select the individual courses. Each course is listed at a different price. Some of the courses they offer are mentioned below along with its fees –
Excel Modeling Course – $97
Financial Statement Modeling – $197
PowerPoint for Finance – $97
Master Financial Modeling Certification from IIM SKILLS is offered to all the students who successfully complete the course. The certification is recognized by the MSME Govt of India.
Wall Street Oasis
After the course, students will be provided with certification from Wall Street Oasis.
6. Placement Assistance
For any course we enroll for, the main concern is placement support. So let us compare IIM SKILLS vs Wall Street Oasis Financial Modeling Course based on placement support offered by both the institutes.
Guaranteed placement assistance is offered by IIM Skills after successful completion of the course. Not only does IIM Skills assist in placements, but they also assist in placing the students for internships for 2 months. The internship is provided with the firms that are partnered with IIM Skills, in sectors like investment banking, financial modeling specialist, and valuation advisory.
The best part is that you get to learn in a practical real-world during the internship period, so you are prepared to appear for the job interviews.
The course also includes full guidance in preparing your resume and preparation for the interview, so you can appear confidently for the job interviews with 150+ placement partners.
Wall Street Oasis
Wall Street Oasis posts notifications about the job openings on the wall street oasis job board. They maintain a community where students can learn about various aspects of financial modeling by interacting with other like-minded students and industry experts. You can apply directly to the jobs through Wall Street Oasis portal.
Now, this was a detailed comparison between IIM SKILLS vs Wall Street Oasis Financial Modeling Course. Let us now summarize this comparison between the institutes.
Comparison Between IIM Skills Vs Wall Street Oasis Financial Modeling Course – in a Nutshell
Both the institutes provide financial modeling courses that will help you gain a competitive edge in the field of financial modeling. The way of teaching and type of the course offered by both the institutes is different.
IIM Skills offers Live online sessions for the financial modeling course and the institute has a complete package in terms of course modules that are included in the course. Right from training in excel to learning about the basics of financial modeling to learning to make different types of models, the course is very exhaustive and will provide you with complete knowledge about the A to Z of financial modeling.
Wall Street Oasis on the other hand offers separate courses for each topic from which you can choose to enroll for any topic that you feel you want to learn. They also offer different course packages which club various similar separate courses into one course offered at a discounted rate. So, you have the option to choose from separate courses or course packages.
Both the institutes offer a fee refund policy. In case you do not like the course or after attending the class, feel that the course is not proper for you then you can contact the institute and they will refund the fee amount. This is a very generous part of both the institutes. Because of this policy, students will get confidence to enroll for the lecture and they won’t avoid enrolment because of the fear of disliking the career option.
This was a brief comparison between IIM SKILLS vs Wall Street Oasis Financial Modeling Course. Now let us address a few basic questions that often arise during the process of choosing the right course.
Frequently Asked Questions (FAQs)
Q1. How to choose the best financial modeling course?
Many institutes offer various financial modeling courses, and it often becomes very confusing to select from them. In this case, it becomes very important to take a decision about the right course and choose the one that will do complete justice to your career.
Before between IIM SKILLS vs Wall Street Oasis Financial Modeling Course, do check on these points:
- Inquire about the demo class from the institute and attend that first so you will get a clear picture of the teaching style of the institute. IIM Skills offers a free demo class which you can attend before enrolling
- Check the course contents and make sure it provides value addition to your current position and knowledge
- Ask the institute about the placement assistance provided at the end of the course
- Choose the online or offline class based on your convenience. Even though some institutes offer classroom-based lectures in a few cities, they also offer online classes. So even if you are based in the same city, you can choose to attend an online lecture if that suits you.
Q2. What are the types of financial models?
There are many different types of financial models, and each model has its own set of uses for solving different scenarios of the business decision-making process.
These are the Main Types of Financial Models –
- Three Statement Model
- Discounted Cash Flow (DCF) Model
- Merger Model (M&A)
- Initial Public Offering (IPO) Model
- Leveraged Buyout (LBO) Model
- Sum of the Parts Model
- Consolidation Model
- Budget Model
- Forecasting Model
- Option Pricing Model
Before choosing between IIM SKILLS vs Wall Street Oasis Financial Modeling Course, make sure you read the course contents and course modules offered by both the institutes in detail.
The financial modeling course offered by IIM Skills is a complete package and exhaustive in terms of the topics included. Whether you are a beginner or a professional, the financial modeling course offered by IIM Skills starts by imparting basic knowledge of excel and later proceed to the advanced level by introducing you to the financial model types and assistance in preparing the models.
Alternatively, Wall Street Oasis offers different courses for each topic from which you can choose to attend any course that you feel you want to learn individually. They also offer different course packages which club various similar separate courses into one course offered at a discounted rate. So, you have the option to choose from separate courses or course packages.
Q3. Why should I choose the financial modeling course offered by IIM Skills?
The financial modeling course offered by IIM Skills is one of the best online courses that are offered in not only the financial modeling field but also in many job-related courses. There are many benefits of the IIM Skills course, that offer an extra edge to its students.
- Not only do IIM Skills assist in placements, but they also assist in placing the students for internships for 2 months. The internship is provided with the firms that are partnered with IIM Skills, in sectors like investment banking, financial modeling specialist, and valuation advisory.
- IIM Skills offer a fee refund policy. In case you do not like the course or after attending the class, feel that the course is not proper for you then you can contact the institute and they will refund the fee amount.
- Master Financial Modeling Certification from IIM SKILLS is offered to all the students who successfully complete the course. The certification is recognized by the MSME Govt of India.
Final Thoughts on the IIM SKILLS vs Wall Street Oasis Financial Modeling Course
There are many financial modeling courses offered by institutes, but the selection of the course should be based on your requirements or what are you looking for in a course. Make sure you go through the course contents in detail and then go ahead and enroll for the course. If you have any doubts or questions before joining the course, always contact the institute and clarify the doubts before enrolling in the course.
I hope this comparison between IIM SKILLS vs Wall Street Oasis Financial Modeling Course, will help you to analyze the courses offered by both institutes and will act as a guide in choosing the right course.