Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business, project, or any other investment.
A Company uses Financial Modeling for following purposes:
Financial Modeling itself is a skill that helps you to build a finance career but to be good at financial modeling there are a certain things that one should possess.Excellent Excel Skills
If you are a financial modeler then it is implied that you excel in your Excel. You have to be good with Formulas, charts, macros, VBAs, etc to make it big in the finance field. If you are good at then you can create the financial and investment models easily. A financial modeling course will help you to become a pro at Excel.Knowledge about Accounting, Finance & Valuation
Making a career in the field of finance will require a basic understanding of accounting concepts. As a financial modeling analyst, you need to know about the investment appraisal techniques like NPV, DCF, IRR etc. Valuation again is an important part of your job so make sure you are good at it.Problem solving ability
Usually one creates a financial model to solve a certain problem or to make sure that no other problem arises so it is very important that you have that problem solver’s attitude and you are ready to take the responsibility for any problem.Time Management
Time management is a key aspect in financial modeling. Building an effective financial model is important but presenting it on time is more important. If you are bad with management of time then be ready to spend sleepless nights.Decision Making Ability
You should be able to make decisions based on your financial models. Financial models are build to aide the decision making process so as a financial modeler you should build a model that helps the organization take the right decisions.
After pursuing Financial Modeling, you will have a lot of opportunities and job roles to earn a good salary, one such important job role is Financial Modeling Analyst. Let’s look into the Job Description of Financial Modeling Analyst.
Financial Modeling forms a core of various other Finance areas like Investment, Banking, Equity Research, Credit Research etc. It is one of the most sought after skills in the finance industry. EduPristine is an institution that provides the training for Financial Modeling . Pursuing Financial Modeling from us can give you an edge over the other finance professionals so don’t wait more and enroll today.
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