What if companies had a crystal ball that gave them a sneak peek into their financial future?
We’re not sure about crystal balls, but we can suggest something more practical: Financial modelling.
Financial modelling is a handy tool for forecasting a company’s financial performance using spreadsheet software such as MS Excel. By plugging in their financial data, companies can test various scenarios and see how decisions impact their bottom line.
And here’s the exciting part: there’s a growing demand for folks who know their way around financial modelling. Companies are on the lookout for graduates with these skills, making it an incredible time to equip yourself for success in the finance world.
Whether you’re a student or a professional considering a course in financial modelling, this is your chance to stand out and drive meaningful business strategies. In this blog, we will discuss the various prospects you can explore in finance after a financial modelling course.
Financial modelling: Core skills
Before we dive into the topic, let us look at some of the essential skills employers look for that a financial modelling course covers:
- Core concepts of finance and accounting
- Fundamental and technical aspects of spreadsheet tools like Microsoft Excel
- Preparation of financial models using Excel
- Forecasting data and deriving key insights from forecasts
- Financial data analytics
- Financial statement and sensitivity analysis
- Industry know-how
Career opportunities after a financial modelling course
You can get hired for the following job roles after learning financial modelling:
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Investment Banker
Investment banking is one of the most popular career paths graduates pursue after a financial modelling course. Investment Bankers advise companies on how to raise capital and grow their assets.
The salary of an Investment Banker may range from INR 9.2 LPA to INR 14.1 LPA.
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Corporate Finance Analyst
A Corporate Finance Analyst gathers and analyses business data to create comprehensive reports on a company’s financial health. They help the company make investment decisions and create a strong financial foundation for the organisation.
In India, the salary range for a Corporate Finance Analyst lies between INR 6.4 LPA and INR 13.2 LPA.
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Credit Consultant
Credit Consultants deal with credit reports and finance management. They enable companies to eliminate debt and avoid bankruptcy by carefully monitoring the inflow and outflow of company finances.
A Credit Consultant can expect to earn between INR 3.4 LPA and INR 5.9 LPA in India.
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Equity Research Analyst
If analysing and recommending lucrative investment opportunities sounds interesting, you might find your call as an Equity Research Analyst after completing a financial modelling course. They assess the performance of potential investment options and make detailed reports recommending the ones with the most potential to benefit the company.
In India, the salary of an Equity Research Analyst may be between INR 7.5 LPA and INR 15.3 LPA.
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Portfolio Manager
A Portfolio Manager creates strategies for managing a company’s investment portfolio. They conduct thorough financial analyses and forecast stock and investment options, carefully selecting the ones that are most likely to yield the highest returns.
A Portfolio Manager in India usually earns between INR 6.0 LPA and INR 25.5 LPA.
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Risk Analyst
Risk Analysts run data forecasts and financial models to determine the risk of investments, business plans and strategies. In some companies, Risk Analysts take on a more managerial role by identifying, monitoring and developing reports on potential risks a company faces.
A Risk Analyst in India has a salary between INR 6.4 LPA and INR 9.6 LPA.
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Wealth Manager
Wealth Managers safeguard clients’ assets and wealth by performing financial assessments, developing investment plans and optimising portfolios to adapt to changing markets.
The average salary for a Wealth Manager in India lies between INR 6.3 LPA and INR 8.5 LPA.
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Financial Consultant
A Financial Consultant advises companies on effective strategies and financial plans keeping their client’s or company’s business goals in mind. They evaluate the value of a company’s assets and recommend avenues for companies to build their income.
A Financial Consultant may earn between INR 4.2 LPA and INR 15.5 LPA.
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Freelance Financial Modelling Analyst
If you aspire to venture into entrepreneurship, you can pursue opportunities as a freelance Financial Modelling Analyst. Through upskilling and diligent networking, it is possible to build up a loyal client base who trust you with creating financial forecasts.
The salary range for a Financial Modelling Analyst is INR 4.8 LPA – INR 5.5 LPA.
Conclusion
Financial modelling opens the door to rewarding career paths in investment banking, corporate finance, and risk analysis. With these skills, you can pursue roles such as Financial Modeller, Investment Banker, Financial Analyst, Credit Consultant, and Finance Consultant. Mastering financial modelling enhances your resume and equips you to make impactful financial decisions in your career. Sign up for an offline or online financial modelling course to get a headstart today!
FAQs
Who needs to learn financial modelling?
Financial modelling is a useful skill for finance graduates, Investment Bankers, Equity Professionals, Wealth Managers and Equity Research Analysts.
What skills do you need for financial modelling?
For financial modelling, the vital skills that you need are:
- Financial modelling, analytics and forecasting skills
- MS Excel skills
- In-depth knowledge of accounting
- Attention to detail for making reports
- Communication and presentation skills
Is financial modelling helpful for CA?
Financial modelling is an excellent choice for CAs who want to branch out from the usual audit, taxation, or accounting roles and explore opportunities in investment banking, financial analysis, and portfolio management.