A financial model is a mathematical representation or simulation of a real-world financial situation or business scenario. It is typically created in spreadsheet software, like Microsoft Excel, and uses various financial and mathematical formulas to make projections and analyze financial data. Pune has more than 12 financial modelling training centres. Pune's growing financial sector offers a strong job market for financial analysts and modellers.
Some of the best institutes offering financial modelling courses include Finxl, Mentor Me Careers, IIM Skills, IMS Proschool, Profit Shastra, and EY Virtual Academy. The undergraduate financial modelling courses students can take can be B.Com (H) in financial modelling or 5 years BBA and MBA courses. The postgraduate financial modelling courses students can take can be MBA and PGDM courses. The average fee for this financial modelling course is around INR 50,000 to INR 10 lakhs. The average period for this course can be 6 months to 5 years.
Some of the top recruiting companies for financial modellers are Refinitiv, Thomson Reuters, London Stock Exchange group. The average salary of a financial modeller in INR 5 LPA.
| Institute | Course Type | Duration | Fees |
|---|---|---|---|
| Finxl | Financial Modelling Equity Research | 4.5 Months | INR 20,000 |
| Mentor Me Careers | NSE Financial Modeling Course: Self-Paced – Basic | 1 year | INR 4,999 |
| NSE Financial Modeling Course: Self-Paced – Plus+ | 1 year | INR 9,999 | |
| NSE Financial Modeling Course: Live Online – Basic | 1 year | INR 14,999 | |
| NSE Financial Modeling Course: Live Online – Plus+ | 1 year | INR 24,999 | |
| IIM Skills | Online Financial Modeling Course | 3 months + 2 months internship | INR 39,900 |
| IMS Proschool | Financial Modelling Plus | 3 months | Online: INR 32,000 |
| Classroom: INR 40,000 | |||
| Distance Learning: INR 20,000 | |||
| Profit Shastra | Financial Modeling & Equity Research | 3 months | - |
| EY Virtual Academy | Certificate in financial modeling and Valuation | 36 Hours | INR 12,000 |
1. Finxl
Finxl is one of the best institutes to learn financial modelling courses. It is a renowned house for learning corporate financial modelling training. It assists with employment facilities. Finxl has a highly experienced and adept guide to train the students. They provide both practical and theoretical training to the students to enrich their learning journey.
- Mode: In-Class
- Fees: INR 20,000
- Duration: 4.5 months
- Location: E-15, Whispering Winds Commercial Complex, Baner - Pashan Link Rd, behind Veritas, Pune, Maharashtra 411021
- Website: https://finxl.in/
2. Mentor Me Careers
Mentor Me Career is one of the best online financial skill institutes to learn financial modelling courses. They provide external-the-classroom training to the students to build their careers. The institute provides amazing materials and infrastructure at a rational cost.
- Mode: Online
- Fees: INR 4,999 - INR 24,999
- Duration: 1 year
- Location: Office No 130, 1st, Sky One, Lunkad Sky Lounge, Prathamesh Society, Kalyani Nagar, Pune, Maharashtra 411006
- Website: https://mentormecareers.com/
3. IIM SKILLS, Pune
IIM Skills, Pune is the best institution for professional courses. They aim to continuously develop and educate aspiring financial modelling learners. IM Skills has curated its course to help the learners to learn and grow.
- Mode: Online
- Fees: INR 39,900
- Duration: 3 months + 2 months internship
- Location: No. 5, Survey No. 167 Lane, Manjri Rd, Near Durga Mata Mandir, Mahadeonagar, Hadapsar, Pune, Maharashtra 411028
- Website: https://iimskills.com/
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4. IMS Proschool, Pune
IMS Proschool, Pune's financial modelling course is one of the best in the city. The course is a module to enrich the learners with knowledge to help them climb the corporate ladder. The course is curated considering the balance between the inventory and demand of financial modelling professionals.
- Mode: Online/ In-class/Distance learning
- Fees: INR 20,000- INR 40,000
- Duration: 3 months
- Location: 5th Floor, Surya Bhavan Bldg, Fergusson College Rd, opp. Lalit Mahal Hotel, Shivajinagar, Pune, Maharashtra 411005
- Website: https://proschoolonline.com/financial-courses-pune
5. Profit Shastra, Pune
Profit Shastra, Pune, was founded by a CFA guide. Profit Shastra is one of the best-known places for financial modelling for its best-in-class courses. The eligibility for the financial modelling course is students who have completed 10+2 education level.
- Mode: Online
- Duration: 3 months
- Location: Kartik Chamber, 3rd floor, Near Santulan Ayurveda, Off, Jangali Maharaj Rd, Opp. Modern High School, Revenue Colony, Pune, Maharashtra 411005
- Website: https://www.profitshastra.com/
6. EY Virtual Academy
EY Virtual Academy is an online learning platform providing professional courses for finance professionals. This is a certification course on financial modelling. It is a 36-hour virtual learning course. The academy course provides the candidates with a shot to craft financial models.
- Mode: Online
- Fees: INR 12000
- Duration: 36 hours
- Website: https://eyvirtualacademy.com/course_details/certificate-in-financial-modelling-and-valuation
Financial Modelling Courses in Pune: FAQs
Ques. What is the average cost of a financial modelling course in Pune?
Ans. The average cost of a financial modelling course in Pune is around INR 50,000 to INR 10 lakhs.
Ques. What is the time of the financial modelling course?
Ans. The average time for a financial modeling course is 6 months to 5 years.
Ques. What is the use of a financial modelling course?
Ans. Financial modelling helps an organization's financial status, identifying new business opportunities to increase profit, creating budget goals, and coming up with financial strategies for cost reduction.
Ques. Is the financial modelling course in demand in the market?
Ans. Yes, a financial modelling course is in demand in the market with the growing business implementing data predictions for development and growth.
Ques. Any requisite skills to study financial modelling?
Ans. No, no such skill is requisite to study financial modelling but students who have a clear interest in accounting and finance and have good research skills along with Excel knowledge will have the upper hand.
Ques. Is the financial modelling course available online?
Ans. Yes, there are a variety of online courses available for financial modelling.
Ques. What offers better career prospects, CFA, or financial modelling?
Ans. When it comes to income, CFAs typically earn a higher salary compared to financial modelling experts. This distinction can be inferred from the potential job roles associated with the CFA certification.
Ques. What are the eligibility criteria for financial modelling?
Ans. Candidates should possess a bachelor's degree from a recognized board or university to enrol in a PG program in Financial Modelling. Additionally, candidates must meet the percentage requirements specified by their university or institute and successfully clear the mandatory entrance exams.
Ques. How demanding is financial modelling?
Ans. The creation of financial models is a demanding and intricate process. It necessitates a multifaceted skill set, encompassing technical and mathematical abilities and soft skills like decision-making, problem-solving, and meticulous attention to detail.
Ques. In which industries are financial modelling commonly employed?
Ans. Financial modelling is extensively utilized in various industries, including:
- Investment Banking: Investment bankers aid companies in capital raising and executing transactions like mergers and acquisitions (M&A).
- Private Equity: Private equity firms employ financial modelling for investment analysis and valuation.
- Venture Capital: Venture capital firms use financial models to assess startup investments.
- Hedge Funds: Hedge funds rely on financial modelling for portfolio management and risk assessment.
- Corporate Banking: Corporate banks use financial models for credit risk analysis and lending decisions.
- Corporate Development: In corporate development departments, financial modelling helps assess growth strategies and potential acquisitions.
- Equity Research: Equity researchers utilize financial models to analyze and forecast company performance for investment recommendations.
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