As we all know, most of the things that are built on a grand scale always follow a model. It is like a blueprint or a map of what the actual thing would look like. Modeling is one of the most fundamental steps of assessing the requirements as the model is built on the statistics and analytics of the actual project. Any mistake in gathering the information or any mistake in the statistics part and the model is disrupted. That could lead to one be misguided and not achieve the desired result. Various businesses, Information technology projects, and real-life applications use modeling as a base of their project.
Swiftly diverting out attention to financial modeling, as the term states, financial modeling is the representation of financially structured data of the real world into a model. This is mostly associated with business ventures. It is basically a mathematical model of the financial performance of a business company. These are more commonly seen as a path through which one can predict the financial scenario or at least have the closest possible outcome with all the permutations and combinations with the financial modeling. It is also a good way to systematically arrange a company’s financial performance over the years. A lot of people who are interested in financial modeling or want to make that part of their skill set strong opt for the online courses provided by the platforms available on the internet. A few of these free online courses are as follows:
1. Financial Modeling by Coursera
Practicing financial modeling with the right resources is quintessential for one to be on the right path. In this course, you will get to learn financial modeling with the use of Microsoft excel. It will teach you to systematically place the unstructured data or raw data that has been given to you. People who have good knowledge about excel and are willing to learn financial modeling may find this course right up their alley. This course is offered by HSE University on Coursera. It is a 5-week course lasting for 13 hours in total which will be presided by Dmitry Ryabykh who is an instructor at HSE University. You can enroll in the course for free.
2. Fundamentals of Quantitative Modeling by Coursera
Qualitative and Quantitative modeling are two of the most vital aspects to understand when it comes to financial modeling. In this course, you get to know the basics of Quantitative modeling. Pre-existing quantitative models are used as a reference to help the learners. One will learn how to make quantitative models and how it would develop your business skill. The course is offered by the University of Pennsylvania on Coursera. You will also learn about regression analysis. This course also opens up a path for you to study a couple of specializations offered on Coursera. The program is split into 4 weeks that take 8 hours to complete. You can enroll in the course for free and access study material by the ‘audit the course’ option.
3. Excel Modeling for Professionals: Best Practices & Pitfalls by Coursera
Microsoft Excel is one of the most used software by people around the world when it comes to financing. This course is a full description of how Microsoft excel helps in modeling. Various mathematical models are built right on excel and this course teaches one to apply and implement the correct functions when it comes to successfully making an excel model. You will also understand the good and bad aspects while pursuing this course. This course is offered by the Delft University of technology on Coursera. It is spread across 4 weeks that take 17 hours to complete. This course can be audited for free.
4. Financial Modeling for Software Startups by Skillshare
If you have a software-based business venture, this program is the one for you. As someone who is leading a software startup, it will be quite an experience to understand how financial models affect the business and how they can predict future risks. It is hard to plan financially for a company that has just started, but the knowledge of this helps you create your own model and strategize accordingly. This course is provided by Skillshare. The course is pretty much an hour and a half that teaches you to create a model. There is a free trial so that you can access the course for free.
5. Financial Model Basics by Skillshare
A very short and to the point course or understand the financial model. This course is ideal for people who need a quick brush-up on the topics of financial modeling. Few spreadsheet skills and taught and it also consists of projects. There are 3 projects and after completing the course, you can download a couple of models for free using the promo code. This course is offered by Skillshare. It is a very short 40-minute course. You can apply for a free trial to get this course for free.
6. Free Finance Modeling Tutorial by Udemy
An ideal course for the people who know excel. This course makes one familiar with the concepts of financial modeling. It teaches one to collect all the information about the available data and enter it into the model. This is one of the basic courses that prepare you to build a strong financial skill-set. The video depicts the entire process of the development of the model. This course is provided by Udemy and this one-hour course is absolutely for free.
7. Financial Modeling in Spreadsheets by Datacamp
Spreadsheets are a fundamental aspect of understanding the construction of financial models. This course teaches you the techniques of understanding spreadsheets so that they can be used in an effective way to build models. There are 4 modules in which different kinds of models are described. The course is approximate 4 hours. The functions taught in spreadsheets with the help of google sheets can be used for a variety of financial models. If you opt for the free trial the course can be completed for free.