Financial Modeling Job Salary Negotiations

Salary negotiations can be the hardest part of the job interview and acceptance process.  When you are interviewing for a potential financial modeling job or have been offered a job you are hoping for, being clear on your salary expectations is important.

Having a good understanding of what you are expecting in the line of salary and benefits is important before you even move forward with the interview process.  If you are interviewing for a job that has a salary range well below what you are hoping for you will want to bring up salary during the interview; however, if the salary is in the acceptable range for what you are looking for then you will want to wait until after you have received a job offer.

Once you have received an offer from the company you will want to begin any salary negotiates and be clear on what you are looking for.  You will be in your best position during this time to get what you are wanting.  If you have any expectations for extra vacation days, benefits, or additional salary, this is the best time to ask for it.

Asking for the salary you want or deserve can be difficult to do but should be done during the job offer stage.  Waiting until you have already taken the job is not in your best interest.  Do not take a “wait and see” promise for additional money or benefits.  If you are agreeing to take a smaller salary as a start with a promise of a raise at a particular time, make sure you get the agreement in writing.  It will difficult to renegotiate once you are in the door and already working in your new financial modeling job.


Following Up Your Financial Modeling Job Interview

Preparing for your financial modeling job interview can take time and preparation.  Once you are through the interview you may feel like your work is done.  However, if you are truly hoping to get that job offer you may want to put forth the additional effort to help keep your name and interview in the forefront of the minds of those that are making the hiring decisions.

One of the best ways to keep your interview and skills in front of the interviewers is to follow up your financial modeling interview with a letter or email.  A follow up thank you email or letter is an excellent way to show your interest and determination to get the job you are interviewing for.

Following up your email or letter with a phone call is also a great way to show that you are truly interested in the job.  It is best to use the follow up email or letter to show that you have considered the interview and given thought the questions that were posed.  Possibly answering an interview question in depth or providing additional information can be a good way to show your sincerity in wanting the job.

Be sure to convey that you are interested in the job but do not come off as desperate.  You will want to show that you are truly interested in the financial modeling job and have the qualities that the interviewer is looking for.  Following up your interview with a good quality letter or email could mean the difference between getting the job offer or not.


Dress for the Financial Modeling Job You Want

At one time or another you will either find yourself in the market for a new job or up for a promotion with your current job.  As a financial modeling professional, you will want to make sure that you have your goals set and know what you are aiming for.  Whether that is a new job or a promotion, having that insight is an important step to achieving your goals.

It is important to remember that with any job or promotion, you will want to dress for the part.  If you are unsure how to dress for the job, be sure to look at those that have the job you are wanting and see how they are dressing.

As you are working your way up as a financial modeling professional, looking professional will help those that are considering you for a job to see you in that job.  This is a great way to instill confidence in you without even speaking with those in decision making positions.

It is important to dress for the financial modeling job you want. Taking this seriously can be the difference between getting your promotion, new job or being stuck where you are and not advancing.


Common Financial Modeling Interview Questions

If you have received that long awaited call for an interview, you surely are hoping to put your best foot forward at the interview in hopes of landing that financial modeling job.  Preparing for the interview is very important.  There are many ways to prepared for an interview.  One of the best ways is rehearsing common financial modeling interview questions that may be asked in the interview.

Though you never really know what is going to be asked in an interview, you may be surprised at how many interview questions are normally asked in interviews.  Having some of the questions prepared may help you feel more at ease when you step into that financial modeling interview.

Common financial modeling interview questions that you may want to prepare for include:

  • What strengths do you feel you bring to the job?
  • What are your weaknesses and how do you overcome them in the workplace?
  • What situation have you had in your past experiences where you had to make a tough decision and what was the outcome?
  • How do you handle low morale in the workplace?
  • How do you deal with low performance on your team?
  • What do you feel you bring to our team if we were to bring you onboard?

Though there are literally an endless number of questions that one could ask in a financial modeling interview, thinking through some of these commonly asked questions may help you prepare for your interview.  Having given some thought to these questions may even make you better prepared to think through and answer intelligently any other questions that may come your way.


What associations are available to me as a financial modeling specialist?

Financial ModelingQuestion: What associations are available to me as a financial modeling specialist?

Answer: There aren’t too many associations for financial modeling professionals. You definitely could join the Association for Financial Modeling and Educational Technology (AFMET). You would also be well served to take on relevant certifications such as the Chartered Financial Analyst, and join the CFA Institute which is a global association of investment professionals. Additionally, the CFA designation opens a lot of doors because employers know that you have passed certain tests, and meet basic criteria such as relevant work experience, that would qualify you for financial modeling jobs. If you have a background in accounting, you should consider earning your Chartered Professional Accountant (CPA) certification.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Where is the best place to find work as a financial modeling professional?

Financial ModelingQuestion: Where is the best place to find work as a financial modeling professional?

Answer: There is no industry or business-based geographic location that does not use financial modeling. And there is no way of ranking places in terms of their importance for financial modeling. To give you an example, a financial modeler that is part of Warren Buffet’s 35-person team in Omaha, Nebraska gets to work on multi-billion dollar deals. And perhaps has more of a real impact than his counterpart in London, New York, Hong Kong, Singapore or Shanghai. Or, a financial modeler working for bond fund giant, PIMCO in Newport Beach, California, works on some of the world’s most interesting financial models. So focus on the work you’d be doing and the type of people you’d be working with, and you will not go wrong.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How well understood is the financial modeling profession?

Financial ModelingQuestion: How well understood is the financial modeling profession?

Answer: The financial modeling profession has been around for centuries. It is fair to say that financial modeling in its rudimentary forms has been around since the time man invented numbers and figured out basic math, such as addition, subtraction and multiplication. Ever since, people have been tracking business data in record books, and doing their calculations and book keeping with pen and paper. What’s different today is that we have very powerful computers, and so, our level of financial modeling complexity has increased. But per se, the financial modeling industry is very mature, and quite well understood, and one that key decision makers have relied on for ages.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What have economic changes done to the financial modeling industry?

Financial ModelingQuestion: What have economic changes done to the financial modeling industry?

Answer: Economic changes have made business more global, and with the advent of powerful computers, resulted in a greater degree of business intelligence. Business intelligence is about slicing and dicing data to its smallest part to glean trends and patterns, and to leverage that information into increasing predictive efficiency. As a result, the complexity of financial models has also increased. People are just used to seeing more analysis on various different parameters, and now want to see that in any predictive model. So financial modelers have to be finely tuned with the specific changes impacting the industry that they work in.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Are financial modeling professionals independent workers, or do they work in teams?

Financial ModelingQuestion: Are financial modeling professionals independent workers, or do they work in teams?

Answer: Financial modeling professionals are a combination of working independently, but also interfacing with a loose team. So while a financial modeler does not need anyone else to help him with developing the model, he does need to get input from various stakeholders within the organization. For example, the financial modeler may need to tap into sales to understand their projections on unit or $ sales, or marketing for information on pricing and pricing growth over the next 3-5 years, or accounting for information on salary, expenses and balance sheet items, or operations and management on technical and strategic tradeoffs with one option versus another. A good financial model cannot be developed in a vacuum, and the modeler has to, at the end of the day, depend on a team.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Are jobs in financial modeling fast-paced? If so, why?

Financial ModelingQuestion: Are jobs in financial modeling fast-paced? If so, why?

Answer: Jobs in financial modeling tend to be fast paced because they are often related to strategic decision making. Sometimes, a financial model, such as an acquisition model, needs to be completed in record time – often in situations where a counter-bid needs to be made and announced the very next morning – so financial modelers are routinely up all night refining their model. Another reason is that there are millions and billions that are at stake in such strategic decisions, in competitive scenarios where time if of the essence, so a fast pace is necessary. Think also of a situation where an investment manager sees a stock price drop significantly, and a decision needs to quickly be made on buying versus not buying that stock, before it bounces back… high pressure and high-paced at times, but not necessarily all the time.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is financial modeling something that is dealt with mostly in the US, or is it truly an international industry?

Financial ModelingQuestion: Is financial modeling something that is dealt with mostly in the US, or is it truly an international industry?

Answer: Fortunately for its practitioners, financial modeling is truly an international industry. Not just international in the sense that financial modeling is practiced in almost every country on earth. But in the sense that financial models today knit together data and information from multiple countries into one unified, multi-country and complex model. So the good news is that as a financial modeler, you will be in high demand in just about any country on earth (provided you speak the language). Moreover, if you become an expert at global financial modeling, you will be even more in demand. To give you an example, a hedge fund today invest as much abroad as it does in the U.S. And if you work for a corporate firm such as Microsoft or General Electric or General Mills, you will soon realize that such companies have global sales and operations, so your financial models will also be international in nature.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How fast is the financial modeling industry growing?

Financial ModelingQuestion: How fast is the financial modeling industry growing?

Answer: Finance and financial modeling is an intrinsic part of the ever-growing, globally expanding business world that we live in. What happens in Beijing impacts someone in Baltimore. As the world grows in complexity, companies are increasing their dependence on financial models to make sense of it all, to model this complex world, and to build in bells and whistles in these models to alert decision makers to events in one part of the world that can impact the entire organization. For example, a rogue trader called Nick Leeson made unauthorized trades in Singapore and brought down Barings Bank, one of Britain’s oldest banks. So, with globalization, the financial modeling industry is witnessing unprecedented growth.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Are there any regulations or laws that financial modeling specialists need to pay special attention to?

Financial ModelingQuestion: Are there any regulations or laws that financial modeling specialists need to pay special attention to?

Answer: Yes. Financial modelers must always be cognizant of the laws that are specific to their industry and the models they are developing. In addition, modelers should also be aware of accounting rules that apply to the country they are developing the model for. For example, if you are developing a financial model in the U.S., you need to know the rules of U.S.’s Generally Accepted Accounting Principles (GAAP) and what GAAP allows for things like acquisition modeling, the tax treatment of certain expenses, etc. You should also account for other government laws and regulations that apply to your industry. While you do not have to know all these laws, be sure you speak to the legal and regulations specialists within your company or consult an outside source, or use the Internet for free information on relevant laws.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How does that change in the financial modeling industry affect professionals looking to enter it?

Financial ModelingQuestion: How does that change in the financial modeling industry affect professionals looking to enter it?

Answer: With the changes that have happened over the past decade, both, the risks and rewards have shot up for financial modelers. Modelers are expected to develop ever more complex, multi-variable, statistically complex models. Where modelers could have gotten by without Excel’s VBA programming tools, competent modelers who are comfortable with such programming have a distinct edge over those that are not. Modelers are encouraged to also learn how to incorporate live data feeds into their model – such as information on stock prices, interest rates, currency exchange rates, commodities prices, etc. The good news is that all of this is a lot easier than it sounds – approach it with an open mind, and soon you will be a master of the financial modeling world. For those who just are not comfortable with programming, make sure you align yourself with a programmer who can quickly program things under your strategic direction, so you continue to retain your edge.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How has the financial modeling industry changed in the past 10 year?

Financial ModelingQuestion: How has the financial modeling industry changed in the past 10 year?

Answer: Over the past ten years, computers have really taken over the financial modeling industry. The Internet has brought information and data, in almost real time, to people’s finger tips. Research happens very quickly. Data and news is analyzed within hours of its being reported, and models are quickly run to account for the long-run impact of changes on the business, and businesses are either punished or rewarded based on the outcome of financial models. And, of course, financial models have become a lot more complex and sophisticated, and in many instances, have jumped from Excel to complex computer programs that have live data feeds and spew out reports when certain triggers are hit. So, financial modeling has evolved leaps and bounds, and if anything, is more important today than before.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What is the fastest changing aspect of the financial modeling industry?

Financial ModelingQuestion: What is the fastest changing aspect of the financial modeling industry?

Answer: In the financial service industry, the fastest changing aspect is global securities innovation. As recently as twenty years ago, financial models were rather basic and innovation was at its beginning stages. Computers had come into Wall Street and corporate type firms, but the full power of computers had not yet been realized. What’s happened over the past 20 years is that computing power and network connectivity has shot up, and with it, so has access to information from across the world at your fingertips. With this increased computing power, financial models have become very sophisticated, with Ph.D. level algorithms and programs, computerized trading, and data analysis and decision-making in real-time. So, financial models have seen a revolution that continues till this day.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Are professionals in the financial modeling industry more successful as a consultant with their own firm, or do they find more success in a bigger firm?

Financial ModelingQuestion: Are professionals in the financial modeling industry more successful as a consultant with their own firm, or do they find more success in a bigger firm?

Answer: Typically, professionals find more success in a bigger firm initially because that is your opportunity to work on a diverse range of interesting projects of varying complexity. It is also best that you cut your teeth at someone else’s expense, learn from experienced peers and make your mistakes on someone else’s watch so you can be mentored and corrected.

Once you have worked on multiple projects, you could strike out on your own, provided you have made a name for yourself in the industry and have a lot of contacts. Getting new, big budget projects is easy if you are a well-established firm like McKinsey or Goldman Sachs, but rather difficult if you are an independent consultant, until you establish yourself very well. Thereafter, as in many instances, you could go independent and grow a boutique practice into a highly profitable company.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How much do entry level financial modeling professionals make (starting wages)?

Financial ModelingQuestion: How much do entry level financial modeling professionals make (starting wages)?

Answer: Entry level financial professionals start at two levels. First, out of undergraduate studies, where they get their first entry level financial analyst, business analyst or marketing analyst type jobs (all of which typically have a fair amount of financial modeling). Salaries generally tend to vary based on the school you graduate from, the city that you are based in, etc. In cities like New York, salaries could start at about $40,000 and salary and bonus could even touch $80,000 – $100,000 if you are at a prestigious bank. With an MBA, salaries typically tend to be in the $80,000 – $150,000 range, again depending on where you graduate and the type of job you take up.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How important is it to create a good rapport with colleagues and peers as a financial modeling professional?

Financial ModelingQuestion: How important is it to create a good rapport with colleagues and peers as a financial modeling professional?

Answer: It is very important to create a good rapport with colleagues and peers as a financial modeling professional – not just within your company, but also outside your company.

In fact, while a lot of people focus on networking within the company, you must realize that employees that have been with the company for many years are all drinking from the same fountain, so to speak. It is only when you speak with your outside contacts that you’d be able to get an independent, fresh and objective view on your model, the assumptions you’ve made, assumptions about the competition, etc. So as much as you must build internal rapport and make sure your model accurately reflects the state of your company, so you must also build external rapport to completely round out your model.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What are some mistakes a newly hired financial modeling professional might make?

Financial ModelingQuestion: What are some mistakes a newly hired financial modeling professional might make?

Answer: A newly hired financial modeling professional may assume that his job is about building a model in his cubicle on Excel. He or she may not know that before building a model, he should strategically understand the motivation for building that particular model. The way you’d understand that is by speaking with different people within the organization, and then connecting the dots to get the big picture, much like you did in kindergarten.

A new hire may ask too many specific questions that may lead his boss to doubt his financial modeling skills, and think he wants the answers spoon fed without stepping up and formulating the model independently.

A new hire may incorrectly value parameters in the model, in ways that do not reflect their real significance within the context. Therefore, it always is important to speak with as many people as you can about your model, without giving them the impression that you are incompetent. Push the for answers to specific questions, and position your questions with answers and ask them to verify or refute your assumptions. Try not to go in with open questions without answers.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How can I increase my chances of being hired for a financial modeling position while I’m still in school?

Financial ModelingQuestion: How can I increase my chances of being hired for a financial modeling position while I’m still in school?

Answer: Show prospective employers that you would be a valuable addition to their company, demonstrate a firm grasp of basic educational skills, ideally also demonstrate excellence through better grades and recommendations than your peers, show them that you understand their company and industry and clearly identify three or four reasons on why you are keen on this employer versus another, your chances of getting employed are quite good. Additionally, if you can somehow demonstrate how some course or project that you did is highly relevant to your prospective employer, you will stand out from the crowd, and they will shortlist you for sure.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Are associations important to join as a financial modeling professional?

Financial ModelingQuestion: Are associations important to join as a financial modeling professional?

Answer: Associations are always good to join. They keep you updated on changes within your organization, networked with your professional peers, give you a forum to standout through courses and presentations, and bring job opportunities to you before they go out to the general public.

You definitely should join the Association for Financial Modeling and Educational Technology (AFMET). You would also be well served to take on relevant certifications such as the Chartered Financial Analyst, and join the CFA Institute which is a global association of investment professionals. Additionally, the CFA designation opens a lot of doors because employers know that you have passed certain tests, and meet basic criteria such as relevant work experience, that would qualify you for financial modeling jobs. If you have a background in accounting, you should consider earning your Chartered Professional Accountant (CPA) certification.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is there normal dress attire associated with a financial modeling career?

Financial ModelingQuestion: Is there normal dress attire associated with a financial modeling career?

Answer: Financial modeling is about being thoughtful, objective and balanced. When you present yourself to the interviewer, first impressions always matter. So make sure you dress well – not too flashy but not too dull.

Women should go with a dark or light colored pant suit or knee length skirt, with a matching plain colored top that is smart without revealing too much skin. Pair it with medium heels, not something you’d wear to a night out of partying.

Men should go with a dark olored suit – black, gray, dark blue, a dark brown are safe shades. Pair it with a white shirt, or a blue or tan shirt. Stay away from bright colors or controversial pink, purple, orange or reds.  Pair it with a conservative, lightly patterned or plain tie. And matching black or brown formal shoes.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What else can I do to better my chances of finding a financial modeling job?

Financial ModelingQuestion: What else can I do to better my chances of finding a financial modeling job?

Answer: As opposed to over-selling yourself directly, speak intelligently about one or two of the company’s financial modeling projects. Discuss their approach and what you see as the pros to their approach. Do not attack the cons because there is some chance your interviewer may have been the one who developed the model you are discussing. On the cons, present it as if you want to learn more about why the company chose to go with one assumption versus another. Give your interviewer a chance to tell you why certain assumptions were more relevant in the company’s context. He may also, in some instance, agree with your observations and mentally side with you. Irrespective, he will have an engaging, specific and relevant conversation with you, as opposed to an interview where you talk about standard things like strengths, weaknesses, etc.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How can I stand out from my competition when applying for financial modeling jobs?

Financial ModelingQuestion: How can I stand out from my competition when applying for financial modeling jobs?

Answer: Employers receive thousands of resumes for job openings, partly because open positions are advertised on the Internet and open jobs show up in thousands of job searches. So, your resume likely will go through electronic scanning and screening. So, before you get your foot into the interview room, your resume must stand out. To make you resume stand out, you must personalize each resume submission to the company you are applying to. This is a lot of work for job seekers, but believe it or not, this customization dramatically improves your chances of getting a job, relative to the frustration and delays if you do not customize it. So intelligently insert key words that are relevant to the position and the company, so that automatic screening tools shortlist your resume. Once you get an interview call, make sure you clearly showcase your research into the interviewing company, their business and the kinds of projects they have done in the past, then cite company-specific examples that tie into your financial modeling skills, and talk about the company’s culture and work environment as one that you would ideally like to have in your future work place.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Who is my main competition as I look for a financial modeling job?

Financial ModelingQuestion: Who is my main competition as I look for a financial modeling job?

Answer: For entry level positions straight out of college, your main competition as you look for a financial modeling job, would be your fellow students who have degrees in business, accounting, finance and math, and have high grades. Wall Street and corporate jobs are very focused on hiring students with the best grades because they know that at the end of the day, it takes intelligence and a lot of hard work to get good grades, and employers love that combination. For positions with 3-5 years of experience, your competition is your peer group from across multiple industries. Here, your reputation within your company, the quality of the projects you have executed, the promotions and increasing levels of responsibility that you have been given, factor into your selection.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How much can I expect to earn after working in the financial modeling industry for 5-7 years?

Financial ModelingQuestion: How much can I expect to earn after working in the financial modeling industry for 5-7 years?

Answer: Your earnings are really a function of where you are in the world, and with what type of company you work with. If you work a corporate job in the U.S. and are good at what you do, you likely could make over $100,000 after 5-7 years. If you are very good and establish yourself strategically within the company, then of course you could make a lot more.

If you join a Wall Street related firm (investment bank, hedge fund, asset management company, private equity) then you likely will make over $250,000 after 5-7 years, and maybe even more.

If you are an independent consultant with your own business, you likely will reach about $100,000 per year after 5-7 years but could be on a path to grow your business into a multi-million dollar consulting firm.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Do you have any good stories or examples on how I can secure a financial modeling internship?

Financial ModelingQuestion: Do you have any good stories or examples on how I can secure a financial modeling internship?

Answer: One good example was an engineering student who wanted to get a job with an investment bank. His resume was quite different from others with business degrees because it was more technology oriented. This student knew that there was a high probability his resume would get screened out early in the process. So, instead of throwing his resume into the stack with the rest, he tried a different tack. He read technology research reports put out by the bank, analyzed their financial models and valuations, and started an email correspondence with the head of technology equity research at the bank. He got no reply initially but persisted gently, without being in your face, and after a month was rewarded with a reply. He did not express any desire to work at the bank, but merely expressed his passion for the combination of technology and financial model through his analysis. Ultimately, the investment bank was so impressed, they called him in, and without a formal interview process, made him an “offer he could not refuse”. So, you should always think of ways to turn a situation to your advantage.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How do you get your first entry level financial modeling position?

Financial ModelingQuestion: How do you get your first entry level financial modeling position?

Answer: You get your first entry level financial modeling position on the strength of your academic coursework, on the diligence and thoroughness with which you applied yourself on your financial modeling project, by showing prospective employers examples of how you can think across silos and combine your knowledge of marketing, finance, math and strategy into a lucid, easy to use and flexible model that weights parameters based on their business relevance, you should find a job with relative ease. In addition, make sure you get excellent grades and excellent recommendations. You get good recommendations if you actively participate in class discussions, add value to the team’s learning experience, study your course material well in advance, and generally impress the teacher. If you think about it, employers are looking for much of the same traits from someone they hire – on top of his work, a team player, interacts well with the team, adds value, and delivers exceptional results.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Will anyone in the financial modeling industry hire me if I have no real experience yet?

Financial ModelingQuestion: Will anyone in the financial modeling industry hire me if I have no real experience yet?

Answer: Yes. After all, most people do get jobs without real experience when they start their careers. As long as you show prospective employers that you would be a valuable addition to their company, demonstrate a firm grasp of basic educational skills, ideally also demonstrate excellence through better grades and recommendations than your peers, show them that you understand their company and industry and clearly identify three or four reasons on why you are keen on this employer versus another, your chances of getting employed are quite good. Additionally, if you can somehow demonstrate how some course or project that you did is highly relevant to your prospective employer, you will stand out from the crowd, and they will shortlist you for sure.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What is the best way to get potential employers to trust me enough to give me an entry level financial modeling job?

Financial ModelingQuestion: What is the best way to get potential employers to trust me enough to give me an entry level financial modeling job?

Answer: When you are looking for an entry level financial modeling job, there is little that employers can know to trust you enough. Which is why, employers tend to recruit people with degrees or coursework from certain online or offline schools, because they trust that the school has done its homework and checked your credentials before allowing you to register for the course. In a sense, employers view the educational institution as a screening process that you have been vetted through. Additionally, they trust the quality of the school’s curriculum and coursework enough to want to recruit from there. So getting good grades and recommendations from your school is the best way to earn an employer’s trust if you are at the entry level.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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I am 47 years old, and wonder if I am too old to even try to switch careers and work in the financial modeling industry?

Financial ModelingQuestion: I am 47 years old, and wonder if I am too old to even try to switch careers and work in the financial modeling industry?

Answer: While age can be a real barrier in certain industries, such as modeling, age can favor you in the financial modeling industry. In fact, if you look at financial modeling in general and Wall Street in particular, you will find many gray-haired folks in senior positions. Wall Street is about experience across a wide variety of projects. The fact that you have spent the last 20 – 25 years in another industry actually makes you quite an expert on that industry, and Wall Street or the right corporate firm would welcome you for the insights you could bring to valuing stocks in such industries, or recommending natural-fit mergers and acquisitions, etc. That said, getting into another career at 47 is easier said than done, but if you position your past experience as an asset for your future financial modeling aspirations, people will see the connection if you are first convinced in your own mind.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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I completed the Financial Modeling Specialist (FMS) program through BusinessTraining.com. I have a good fundamental base of financial modeling knowledge now. What type of personal self development work should I now focus on to further my career success in this field?

Financial ModelingQuestion: I completed the Financial Modeling Specialist (FMS) program through BusinessTraining.com. I have a good fundamental base of financial modeling knowledge now. What type of personal self development work should I now focus on to further my career success in this field?

Answer: Success in financial modeling is about knowing your material well and having excellent soft skills. In fact, it is true that the most successful people are not necessarily the brightest or the most knowledgeable about the industry they are in – but the ones with the best soft skills to negotiate the politics within organizations, make friends and influence people that can promote them. So, start with diligently going through the course-text that accompanies the Financial Modeling program at BusinessTraining.com, and post questions to the forum – basically make sure you walk away with 100% of what the course has to offer. That in itself will give you a very strong foundation. Next, keep an eye out for specialized financial modeling courses and always keep learning. Finally, take courses that focus on brushing up your soft skills – presentations, inter-personal interactions, how to influence co-workers, etc. Contrary to popular opinion, soft skills can be learned (only a few are born with them).

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Are there some little known negative aspects about working in the financial modeling industry that I should know about?

Financial ModelingQuestion: Are there some little known negative aspects about working in the financial modeling industry that I should know about?

Answer: Every industry has its good sides and its bad sides. And often, a few bad eggs give the entire industry a bad rap. In the financial services industry, one of the known down sides if you’re working on Wall Street, is the extra long hours you have to put in, often night after night working on a deal that needs to get announced soon. As a result, if you are on Wall Street, you may have to choose between family life and your professional life, especially in the early years of your career when you have to work extra hard to prove yourself. As time goes on and you establish yourself, things get a little more manageable. Another down side is that sometimes, the work can get intense and even perhaps tedious. Let’s say you’re building a financial model for a company and need to manually input data and check it, this is sort of mundane work. However, the work around on this one, which has made the difference between good and super-good, is to analyze each number (not just blindly type it) and make it interesting and insightful. Sometimes, you’d be surprised at some multi-million dollar insights that a seemingly innocuous number holds. Just ask Warren Buffet!

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How can I find a valuable mentor to help me in my financial modeling career?

Financial ModelingQuestion: How can I find a valuable mentor to help me in my financial modeling career?

Answer: The steps to finding a valuable mentor are the same, irrespective of whether you are a financial modeler or just a pretty model. A mentor would only want to spend his valuable time mentoring someone he feels will not let him down. For a second, assume that your boss takes you under his wing, gives you a strategic financial modeling assignment, and also gives you the opportunity to present your model to the CEO and senior executives. If you do not hold up your side of the bargain, develop a fantastic model and present it well, your boss will lose face, as will you. So before someone takes you on for mentoring, he or she will likely gauge what you are like personally and professionally. So, in a nut shell, if you are good at what you do and really excel, there will be many who would want to promote you.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Do you believe that networking is an important component of being successful in the financial modeling industry, or will I naturally meet valuable contacts throughout my work positions in the industry without having to try much?

Financial ModelingQuestion: Do you believe that networking is an important component of being successful in the financial modeling industry, or will I naturally meet valuable contacts throughout my work positions in the industry without having to try much?

Answer: Networking, as the name implies (and I am being a little tongue in cheek here) requires working. In other words, you can never develop a good network without trying too much. There is beneficial networking and wasted networking. In wasted networking, a bunch of people meet in bars or clubs or restaurants, drink, get to know each other and think they’re developing a network. In beneficial networking, you meet someone with a purpose, you value their time and yours, and you create an aura about yourself where they want to meet you too, because they feel they stand to benefit more from you than you from them. That’s the reality of human interaction. So it is in the financial modeling industry – you must network throughout your organization to get the pulse, not of politics, but of what really drives your top line and bottom line as a business. It’s also good to network outside your organization because companies are always on the lookout for savvy, strategic financial modelers, and outside networks will help open doors to new jobs.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How much is education vs. experience valued in the financial modeling industry?

Financial ModelingQuestion: How much is education vs. experience valued in the financial modeling industry?

Answer: It is a combination of education, continuous learning and experience. Think of a career in financial modeling requiring a basic foundation. That foundation is your initial education and training, which includes courses in math, accounting, finance, financial modeling, Excel programming, etc. The foundation equips you to build a career on top. Now, if you have the foundation but take up a job where you do no financial modeling, your foundation lies useless. However, if you channel your education into a job in financial modeling, and then garner as much experience as you can on a wide variety of financial models (one trick ponies have limited value, so diversify your experience), you will be highly valued. Lastly, if you keep up with professional associations and are up to date on accounting changes or innovations in the field, you will do very well.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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I am very passionate about financial modeling and hungry to succeed; what advice can you provide that would help me channel this energy into actions that are really going to help my career?

Financial ModelingQuestion: I am very passionate about financial modeling and hungry to succeed; what advice can you provide that would help me channel this energy into actions that are really going to help my career?

Answer: As they say, more important that the desire to succeed is the desire to work hard to succeed. There are no short cuts to success. If you have a lot of passion for financial modeling, that is a wonderful start. Next, you have to translate this passion into garnering as much financial experience as you can. Employers often like to see what you did that was “above and beyond” just passion. If you build complex financial models of your own initiative, or form a society of financial modelers and give out weekly assignments, or hold competitions on innovation in financial modeling within your school or college or amateur professional association, they will see leadership and hardwork backing up your passion, and will likely consider you for strategic positions within the company.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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If I have a degree in liberal arts, can I still work in financial modeling?

Financial ModelingQuestion: If I have a degree in liberal arts, can I still work in financial modeling?

Answer: Yes. Wall Street is filled with highly successful Liberal Arts majors that are in top positions doing financial modeling. Not that you can jump right in with a liberal arts degree. What you will need to do is either get an MBA (online or offline) or take courses in accounting, finance, excel and financial modeling. In those courses, make sure you do as much financial modeling as you can – practice speaks for itself when you are in an interview. If you have done just one model, employers may be a little wary, but if you have done many and can talk fluidly about the pros and cons of one versus another, they will get the confidence that you have what it takes to be a successful financial modeler, and will see your liberal arts background as an asset that would give you fresh new perspectives and good communication and soft skills that are also very important in becoming a good financial modeler.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Early on in my financial modeling career, are there ways to really impress my boss or employer?

Financial ModelingQuestion: Early on in my financial modeling career, are there ways to really impress my boss or employer?

Answer: There are a few ways. When your boss first describes the project, listen very carefully, take notes, and ask just a few clarifying questions. Give your boss the confidence that you understood what he wants to achieve with the financial model. Do not ask too many questions because that would give your boss the sense that you need to be spoon-fed – that would erode his confidence right away.

Next, go off and reflect on your discussion with your boss. If you’re unclear, use the Internet to do some additional research so you can clarify a few things without speaking with anyone or pestering your boss. If you still have a few questions, as you well might, seek out a peer or someone with maybe a few more years of experience, and get him to mentor you.

Then spend some time building a draft version of the model, talking to a few more folks within the organization, and getting a better grasp of the model. Also ask your seniors for input on the model, and make sure it flows well, looks visually appealing and is easy for others to use.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Do you have any specific tips for writing an effective financial modeling cover letter?

Financial ModelingQuestion: Do you have any specific tips for writing an effective financial modeling cover letter?

Answer: An effective financial modeling cover letter should logically, in an unforced manner, include keywords that employers are looking for. Depending on the company you are targeting, these keywords could include terms such as financial modeling, financial modeler, discounted cash flow, acquisition model, financial projections, WACC, etc. – keywords that would make someone read your cover letter and want to see your resume too.

Specifics always help. So, in your cover letter, clearly highlight what you hope to do in your career ahead, why you want to do financial modeling, how you’ve prepared yourself to be an outstanding financial modeler, and why you are specifically interested in working for the company you are applying to. Also throw in a brief title on one or two models that you have worked on.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How is a financial modeling resume different than a normal business resume? Is there anything unique about what you should put on a financial modeling resume?

Financial ModelingQuestion: How is a financial modeling resume different than a normal business resume? Is there anything unique about what you should put on a financial modeling resume?

Answer: A good financial modeling resume will immediately stand out of the crowded stack of resumes. It will highlight your desire for a career in financial modeling in your Objective statement if you have one. It will also highlight the projects you have done in financial modeling, along with keyword terms that employers often screen resumes for.

As you may know, employers receive thousands of resumes every year. They do not have the time to manually screen them all, and sometime upload them into an electronic resume database and then scan them for specific keywords such as financial modeling or finance or accounting. If your resume includes such keywords, it will surely be shortlisted while general business resumes would be ignored.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What are the top 5 cities in the world to start and grow a new career in financial modeling?

Financial ModelingQuestion: What are the top 5 cities in the world to start and grow a new career in financial modeling?

Answer: Financial modeling is universal. There is no industry or business-based geographic location that does not use financial modeling. And there is no way of ranking cities in terms of their importance for financial modeling. To give you an example, a financial modeler that is part of Warren Buffet’s 35-person team in Omaha, Nebraska gets to work on multi-billion dollar deals. And perhaps has more of a real impact than his counterpart in London, New York, Hong Kong, Singapore or Shanghai. Or, a financial modeler working for bond fund giant, PIMCO in Newport Beach, California, works on some of the world’s most interesting financial models. So do not focus on any specific city. Instead, focus on the work you’d be doing and the type of people you’d be working with, and you will not go wrong.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What is the #1 thing which holds back most people’s careers in financial modeling?

Financial ModelingQuestion: What is the #1 thing which holds back most people’s careers in financial modeling?

Answer: The one thing that holds back careers in financial modeling is isolation. Financial modelers who work in isolation are doomed to fail. A good financial modeler understands that he must be a good communicator, and must take active input (and discuss the variances) from all stakeholders, and then make a call on how much he weights everyone’s input in the model. You must also be able to convince stakeholders on why their parameters are less important than some others without ruffling feathers.

A good modeler wins consensus and support well before his model is actually completed. After a round of discussions – with draft versions of your model – when you present the final version, and if it contains no surprises, then management will see a lot of positively bobbing heads as you present, and gain the confidence that your assumptions have been well thought through, and likely will accept the recommendations of your model. So do not isolate yourself, go out and interact.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How could I start my own business or consulting firm while using my expertise and knowledge in financial modeling?

Financial ModelingQuestion: How could I start my own business or consulting firm while using my expertise and knowledge in financial modeling?

Answer: Check the laws in your state or country. In the U.S., it is quite easy to register your business as a Sole Proprietorship (SP) at the most basic level. If you like, you could team up with a few colleagues and register your business as a Limited Partnership (LP). Please contact a lawyer or check online for the specific options available in your state or country.

Once you have registered your business and picked up a suitable business name, you would be well served to develop a website. The website can be brief, and grow over time. In its most basic form, the website should give prospective clients some background information on your financial modeling expertise, the kinds of projects you have executed, customer testimonials if you have any, and case studies and samples of your work.

Next, you could use online networking (such as LinkedIn or craigslist) or your own network to get projects.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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If I want to work from home in the financial modeling field, is that possible?

Financial ModelingQuestion: If I want to work from home in the financial modeling field, is that possible?

Answer: Working from home is a choice one makes. The good news is that working from home is entirely possible in the financial modeling industry. With the advent of online communication tools such as email, skype and video chat, you can conduct a lot of your meetings online, and email documents back and forth, or even share your screen while being on the other side of the world. So yes, working from home is a definite possibility in this field, and you could tap into an international client base too. That said, we’d encourage you to make trips to your clients because at the end of the day, face to face meetings are quite important if you want to expand and grow your business.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is there a job market out there for global or international financial modeling experts?

Financial ModelingQuestion: Is there a job market out there for global or international financial modeling experts?

Answer: There are lots of opportunities for global and international financial modeling experts. In fact, more so than ever before. The world is flat nowadays, which means, most companies are very global in their operations. Take Pepsi, McDonald’s, Subway, WalMart, Starbucks, Goldman Sachs, Honda, Motorola, Apple or any other company. They thrive on their global presence, and in fact, the bulk of their profits are generated from their operations outside the U.S.

In this context, any one with global or international financial modeling skills will be much sought after. You will also get lots of opportunities to travel across a company’s global offices, and global exposure is also a necessary step in moving ahead on the career front.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What are the top 3 most valuable books to read about financial modeling?

Financial ModelingQuestion: What are the top 3 most valuable books to read about financial modeling?

Answer: Most financial modelers must have a very robust understanding of finance – both for corporations and for Wall Street related firms. So make sure you take a finance course that has a good Corporate Finance text book. Most business schools use a text book called Principles of Corporate Finance by Brealey & Myers. This is a wonderful book that gives you a basic background in accounting, corporate finance and investment finance – and prepares you for almost all financial modeling positions.

You must also read a dedicated book on financial modeling. For example, you could consider Building Financial Models by John S. Tjia. This book specifically goes into the nuances of financial models and the key aspects of Excel that you need to build excellent financial models.

The third most valuable book would depend on the industry you want to focus in. So, based on your industry, do your research online and pick a book that gives you the fundamentals on your industry. For example, if you want to be an investment analyst, you could read books on investing and valuation by Graham and Dodd.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What is the single, most valuable piece of experience I could get that would help me have a successful long-term career in the financial modeling industry?

Financial ModelingQuestion: What is the single, most valuable piece of experience I could get that would help me have a successful long-term career in the financial modeling industry?

Answer: The single, most valuable experience you could get is a job where you as the financial modeler, are focused on strategic projects, perhaps also privy to confidential information, in the formative years of a young company, where you get to interact directly with senior management and the CEO, and through your financial models, guide their thinking and overall corporate strategy, and become an important, indispensible part of the team that takes a fledgling company into a multi-million or billion dollar enterprise. If that happens, you will be part of the team that made it happen, even though you only started out as a financial modeler at the early stage of your career. This interaction would give you the opportunity to learn from the best, and if you play your cards well, the CEO or someone of influence will take you under his wing, and mentor you so you can have a highly successful career. This would be the best break you could get, but luck plays a part in such things happening.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How could I make over $100,000 a year working in financial modeling?

Financial ModelingQuestion: How could I make over $100,000 a year working in financial modeling?

Answer: Frankly, if you’re good at financial modeling, $100,000 would be your baseline. Entry level Wall Street analysts make close to $100,000 including their bonuses. If you work in a corporate job, then you may make $60,000 to $80,000 with some experience, but in a role as a financial modeler, the sky is the limit and if you prove yourself, you could get nice promotions and rise to CFO or CEO level within your company and be making a lot more than $100,000. Of course, everyone wants to make $100,000 but it is not that easy, so you must not focus on the money. Instead, focus on your job – become the best at what you do. There is no harm in also taking classes in communication and presentation, so you enhance your public speaking skills and confidence.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Which courses, classes, or certification programs are expected if you are going to work as a financial modeling professional?

Financial ModelingQuestion: Which courses, classes, or certification programs are expected if you are going to work as a financial modeling professional?

Answer: As courses go, definitely complete your coursework in math, statistics (optional, nit necessary), finance, accounting and marketing (marketing determines pricing and unit volume, and drives top line revenue). In addition, take an online course in Excel so you are very familiar with everything – Excel’s functions, formatting, formulas, charts, and if you’re comfortable enough, you could also take a course on Excel programming.

Certifications are not necessary but are definitely helpful. You could get your designation as a Chartered Financial Analyst once you have enough financial modeling experience. You could also join professional associations for financial modelers, as also social networking groups such as LinkedIn.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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If I want to switch my career over to working in financial modeling what should I do?

Financial ModelingQuestion: If I want to switch my career over to working in financial modeling what should I do?

Answer: The answer to this really depends on what you did in your prior positions, and the foundation those jobs gave you to switch to financial modeling. If you have a background in something that’s of a quantitative nature, then you at least have the quant or math side covered. In such a case, focus on learning accounting and finance. These are logical subjects and you will find them quite easy to understand if you apply yourself well. After just a few basic courses, and ideally a class project on financial modeling, you should be able to switch quite easily.

If you do not have a quant background, you should, and can, build your quant foundation. To do so, take up some basic math courses and get comfortable with numbers. Also take a course on Excel and practise using Excel formulas, constructing spreadsheets, graphs, etc. In parallel, also take up courses in finance and accounting, and also do a specific online course on financial modeling, and you should be able to get a job in financial modeling.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What are the first steps I should take while preparing to enter the financial modeling industry?

Financial ModelingQuestion: What are the first steps I should take while preparing to enter the financial modeling industry?

Answer: The first few steps you should take are: Understand the specific industry you want to get into – automobiles, oil, investment banking, fashion, etc. One you decide what industry you want to be in, read up on it and try and get a sense for the kinds of financial models the industry needs, what the industry’s key drivers are. Then, select a suite of courses (online or in person) that give you broad knowledge on the industry you want to enter. For example, if it’s fashion, then make sure you take courses in marketing, communications, math, statistics (very important when dealing with fashion trends and forecasts), finance (revenue and profits are what everyone works for at the end of the day) and accounting. Within your courses, design your own projects or at the very least tailor them to showcase your background as a financial modeler in the industry of your choice. You will then have a leg up over other candidates.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


Why Goals are Important in Your Financial Modeling Career

Goals are a very important part of ensuring your day, week, or even career are heading the right direction.  Have daily goals or monthly goals can keep you on track to achieving tasks at work or accomplishing personal objectives. As a financial modeling professional, you will likely have daily and monthly goals that are fluid; however, you likely will have some monthly goals that will not change regularly.

In financial modeling, having daily goals can keep you on a schedule and ensure the important tasks are being taken care of each day and not forgotten or overlooked.  Though your priorities may change each day, simply writing down your goals at the beginning of the day can keep everything in front of you and will help ensure you don’t get caught up in a fire and never accomplish something that is a must for the day.

Having monthly goals is a good idea as well.  As a financial modeling professional, you do not want these goals to be ever changing but big picture goals that need to be accomplished during the month.  This is an excellent way for you to schedule time with employees, mentors, or even colleagues you are working on special projects with.

Lastly, making a list of career goals and personal goals that will help you keep your long term goals in front of you.  This is an excellent way to make sure you don’t lose sight of the important things in your personal life and career.  As a financial modeling professional, you will want to determine what your long term career goals and personal development goals are and then write them down.  You may even want to write down ways you hope to work toward accomplishing them. Reading them regularly will help you stay clear and focused.


A Financial Modeling Professional’s Tips for Getting Through Your Email

As a financial modeling professional you probably come to work, turn on your computer and find your inbox overflowing with emails.  You look at your watch, sip your coffee, and begin sifting through your emails, only to look up from your computer to find that it is 11 o’clock and you haven’t done anything on your to do list today and have a meeting you are not prepared for starting in 30 minutes.

Emails are a blessing and a curse.  Finding the most productive way to make your way through your email can be an important task for any financial modeling professional.  The best way to do this is to have a system, be organized, and stay on schedule.

This sounds much easier than it is.  In fact, you may have tried it and feel that it is almost impossible.  However, there is a way to make your way through your email and still have a more productive day.  As a financial modeling professional you know that you will get emails that are important and require immediate attention, probably throughout your day.

First, set up 15 minute email sessions intermittently placed throughout your day to go through and respond to emails.  This will give you set aside time to address important email.  Use the first 15 minute session of the day to clean up your inbox, organize your emails, and delete the spam and trash almost every financial modeling professional gets hit with daily.

Next, set up an organized folder system in your email box.  You will want one for filing, updates, important correspondence that requires attention today, important correspondence that requires attention this week and maybe a few other categories.  You may have to change these at a later date to be sure you are using them effectively.

Lastly, stick to your schedule. When your email time comes, use it efficiently. Respond to important emails and move others to appropriate categories.  Be sure to set a timer and stop when the 15 minute session is over. Use your last 15 minute session of the day to finish up anything important for the day and clean up your inbox to be ready for the morning.

As a financial modeling professional you will always have emails to deal with so having an organized and effective system to handle your daily emails can be the best way to tackle it all.  Once you have a system in place you will be surprised at much more organized the rest of your day goes and how many more things you can get done on your to do list in a day.

 

 

 


How to Implement a Green Office as a Financial Modeling Professional

Today’s, everything is green – green food, green products, green stores, and green offices.  As a financial modeling professional you may find yourself being pulled towards, or even pushed towards, making your office greener.  If this is the case, trying a few simple things can make you greener in no time.

The first thing to do is consider your printing and your printers.  Having the right settings and the proper paper is imperative.  As a financial modeling professional, you will also want to look into recycling and/or refilling ink cartridges for your printer.  This can save money and the environment.  And don’t forget to print double sided when possible. You will be amazed at how much paper you will save.

Consider your electricity and its usage in your work spaces.  As a financial modeling professional, you may find yourself in charge of several employees.  Implement procedures on power usage.  Consider turning off computer, using power strips, and turning off lights in places like break rooms and supply rooms when they are not being used.  You may also want to consider purchasing eco-friendly bulbs for your light fixtures.

And lastly, don’t forget to recycle.  A financial modeling professional will want to implement an organized and thorough recycling program in the office in order to keep the office green.  This means having a designated place for recycle bins and clear instructions for what is to be recycled and how.  Being clear on expectations and purposes can make recycling go efficiently in your office.


Advantages of Being a Good Boss in Financial Modeling

Many people strive to take on a leadership position within their field.  In fact, most financial modeling professionals hope to be “the boss” eventually.  However, just because you are the boss does not mean you are a good boss.  And many have the attitude that you don’t have to be a good boss to be THE boss; this is true but there are advantages to being a good boss in financial modeling but it takes time and effort to accomplish this.

First, to be a good boss you have to have patience, tolerance, and listening skills.  Without these traits, you are likely to never accomplish the status of “good boss.”  It is true that many people do not have these qualities and feel that they cannot be learned.  This is not true.  You can learn to be patient and to listen instead of talk if you just work on it.  A good financial modeling professional will try to develop these skills early.

Next, you need to have the courage and self-esteem to not care if you are liked.  Being the boss does not mean everyone will hate you but it does not mean everyone will always like you either.  You have to be comfortable with making tough decisions with the overall goal in mind all the while being mindful of the real feelings and emotions of your employees. Being a compassionate financial modeling professional can go a long way in this category as well.

Lastly, you want to have a good attitude and have some fun.  No one wants to work for a financial modeling professional that is always negative, worried, or a stick in the mud.  Make sure you show your enthusiasm for a job well done, tell your employees when they have good ideas and have done good work, and joke and lighten up once in a while to show them that you are human with human emotions.  Remember that there is a time and place for joking but remember there IS a time and place for joking.  All this will make your employees more relaxed and feel at ease around you as their boss.  In the end, a patient, tolerant, positive and fun financial modeling professional is a boss that employees like to work for therefore making your team much more productive.


How can I earn more money as a financial modeling professional?

Financial ModelingQuestion: How can I earn more money as a financial modeling professional?

Answer: You typically earn money through salary and a bonus. In fact, in Wall Street jobs, it is common knowledge that your bonus is often more than your base salary. If you are a financial modeler with a consulting firm like Accenture or McKinsey, there too you earn a salary and a bonus based on the quality of your work. If you work in a mainstream corporate job, you typically only earn a salary. If you decide to freelance, then your earnings are directly tied to the projects that you execute, with hourly or project-based earnings. Financial modeling gives you the option of taking on a salaried position or working for yourself, or even building your own company – it’s all a function of your own initiative and interest.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


Is there a lot of room in a financial modeling position for advancement or promotion?

Financial ModelingQuestion: Is there a lot of room in a financial modeling position for advancement or promotion?

Answer: The sky is the limit. If you look at the richest investors in the world – Warren Buffett, Peter Lynch, or the CEOs of hedge funds, private equity firms and most investment banks – they all started out as financial analysts focused on financial modeling. Through the diligence that they applied to financial modeling, they gained insights into the various areas of specialization and modeled scenarios with sensitivity on various variables, and recommended investments that made a lot of money.

On Main Street, a lot of financial modelers catch senior management’s eye very early in the game and often deal with confidential information and data – such as a merger or divestiture – that few in the organization are privy to. If you play your cards well, you can quickly become part of the CEO’s inner circle and rise to play a very important role within the company.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How are financial modeling professionals evaluated in a position?

Financial ModelingQuestion: How are financial modeling professionals evaluated in a position?

Answer: Financial modeling professionals are evaluated on various metrics. Employers and bosses rate you on your broad understanding of the business, without which you cannot produce a meaningful contextual financial model; on your comprehension skills – do you quickly understand what the model is all about or does someone have to sit down and literally map everything out for you and then have you almost be the equivalent of a robot who puts everything down on a spreadsheet; on your communication skills – can you walk around and get other employees to open up and give you information on parameters necessary for the model. For example, would someone in sales be comfortable sharing information on projected units to be sold or would they rather not interact with you; on your analytical model building skills – all of the above are useless if you cannot condense them into a cohesive, accurate model that is easy to use and robust; on your presentation skills – you will not just email an Excel to your boss and be done. Chances are he’d want you to present it because you know all the details. So you will be evaluated on multiple dimensions.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How important is technology in the financial modeling industry? Do financial modeling professionals use the internet, computers, etc.?

Financial ModelingQuestion: How important is technology in the financial modeling industry? Do financial modeling professionals use the internet, computers, etc.?

Answer: Technology is important to a point, and not beyond. This may sound too bold a statement with everyone leaping on the technology band wagon nowadays. The reality is you do need a computer, you do need to be very familiar with using Excel, and ideally Word, Outlook and PowerPoint (or equivalent programs in other operating systems), and you must be comfortable using the Internet to get data on the industry, competitors, comparable financials, etc. But beyond being a basic user of technology, you do not need more in depth experience with technology. The old tools of paper, pen and perhaps a handheld calculator, have been replaced by a computer screen, a keyboard and applications such as Excel. Models can still be developed on a sheet of paper (a handheld calculator would be nice) but our world is moving towards technology, and so must you.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Who do financial modeling professionals interact with most in their position at a firm? (For example, customers, media, employees, etc.)

Financial ModelingQuestion: Who do financial modeling professionals interact with most in their position at a firm? (For example, customers, media, employees, etc.)

Answer: Financial modeling professionals interact with a wide variety of people in developing their model. You cannot develop a model in a vacuum. You must interact with sales and marketing to understand pricing, projected units that can be sold based on historical performance, elasticity in pricing, etc., and use this information to develop top line revenue.

On the cost side, they must interact with accounting for salaries, expenses, depreciation and related metrics. Accounting can also give them a clear picture on how to build out the balance sheet and the cash flow statement.

For certain projects, the modeler may have to speak with engineering, design or project management, depending on the industry, to understand schedules and timelines for both revenue and expenses. In parallel, the modeler must develop a robust understanding of the industry by speaking with outside analysts.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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How important is it to have a degree in financial modeling to work in the financial modeling industry?

Financial ModelingQuestion: How important is it to have a degree in financial modeling to work in the financial modeling industry?

Answer: There is no such thing as a degree in financial modeling. However, typical degrees that employers look for are bachelor’s or MBA coursework in finance, accounting, marketing, math, science or engineering. Ideally, employers want someone with a sound knowledge of accounting and finance, and comfort math and building financial models from scratch. They also look for someone who can understand the big picture, the major and minor variables, and how to weight them in the overall model. In some cases, folks with non-technical backgrounds can also take a few online accounting and financial modeling courses, specifically courses that include a financial modeling class project that shows them how the various financial statements are inter-related and how to develop a logical financial model using the right parameters such as the discount rate.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Which schools offer the best financial modeling education?

Financial ModelingQuestion: Which schools offer the best financial modeling education?

Answer: Schools that offer the best financial modeling education are those that have a strong focus on such subjects. So, on the one hand, you may have business schools at Columbia, NYU, Wharton, MIT and Chicago, which focus heavily on finance and financial modeling – valuation and also financial modeling of debt, derivatives and other complex financial securities.

In addition, you could get an equally good education – and one may even say a more practical education – if you take an online modeling course offered by an instructor that has solid hands on financial modeling experience at either a corporate job or on Wall Street. Many business schools sometimes tend to get overly theoretical because most professors have never held a corporate of Wall Street job and are too caught up in the theory, while practice is a lot more simplified.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is there a financial modeling graduate degree option available at most schools?

Financial ModelingQuestion: Is there a financial modeling graduate degree option available at most schools?

Answer: No. There is no explicit financial modeling graduate degree option. The closest you can get to that is a business or finance or accounting major, where you can prove to employers that your coursework included subjects such as Security Analysis, Accounting, Corporate Finance, Mergers and Acquisitions, and the like. Financial modeling is but one aspect of the overall job. A good financial analyst needs to have other knowledge and skills – such as in accounting and math, and also have the demonstrated ability to conduct research, be comfortable with numbers, etc. Your best bet is to select core and elective courses that give you exposure to financial modeling.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is there a financial modeling undergraduate degree option available at most schools?

Financial ModelingQuestion: Is there a financial modeling undergraduate degree option available at most schools?

Answer: No. There is no explicit financial modeling undergraduate degree option. The closest you can get to that is a business or finance or accounting major, where you can prove to employers that your coursework included subjects such as Security Analysis, Accounting 101, Corporate Finance, Mergers and Acquisitions, and the like. Financial modeling is but one aspect of the overall job. A good financial analyst needs to have other knowledge and skills – such as in accounting and math, and also have the demonstrated ability to conduct research, be comfortable with numbers, etc. Your best bet is to select core and elective courses that give you exposure to financial modeling.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Do financial modeling professionals need any sort of license to work in the financial modeling industry?

Financial ModelingQuestion: Do financial modeling professionals need any sort of license to work in the financial modeling industry?

Answer: Financial modeling professionals do not need any license to work in the financial modeling industry per se. However, if you are dealing with stocks, bonds and financial securities, then your government may want you to clear certain examinations to reduce potential liabilities for your employer. Many investment banks require that their financial modelers clear a certain set of examinations, and often run in-house coaching classes to help their employees clear these exams.

If you want to be an independent financial modeling consultant, your chances of getting hired increase if you can prove that you have earned a certification such as a CFA (Certified Financial Analyst) – it just gives potential employers the confidence that you have what it needs to do the job.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is it important to get an internship in the financial modeling industry before applying for a larger position?

Financial ModelingQuestion: Is it important to get an internship in the financial modeling industry before applying for a larger position?

Answer: It is not important to get an internship in the financial modeling industry before applying for a larger position, but if you can get an internship – it will of course serve you better.  It really depends on where you are coming from. For example, if you have an undergraduate degree in science or business from a top school like MIT or Wharton, employers know that you meet a certain bar of intelligence and have done high-quality coursework in an intense environment and could hit the ground running. In such cases, you do not need to do an internship but jump directly to a decent position. If you do not come from a well-branded school, then an internship is a great way to beef up your resume and highlight the financial models you have worked on. After a relevant internship, you will also be able to comfortably talk about your financial modeling experience.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What sort of experience is needed for some of the more common financial modeling positions?

Financial ModelingQuestion: What sort of experience is needed for some of the more common financial modeling positions?

Answer: Financial Analyst is a very common financial modeling position. Most financial analysts are hired by investment banks straight out of college, with undergraduate degrees in science, engineering, accounting or business, typically. In such cases, banks focus less on your experience and more on the fact that you have been through a program that gives you the basic foundation to be a solid financial modeler. In addition, many hiring firms have their own financial modeling training programs – a week or two week long program – where they walk you through subjects and models that are relevant to their business. If you already have experience, employers will look for your past experience with financial modeling and also evaluate your soft skills to see how well you would fit within their organization.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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What are some of the different job titles a financial modeling professional might hold?

Financial ModelingQuestion: What are some of the different job titles a financial modeling professional might hold?

Answer: The truth is that the term “Financial Modeler” is never a part of most standard job titles. Your title could be Financial Analyst, Business Development Analyst, Marketing Analyst, etc. Typically, the word Analyst in a title indicates some degree of financial model development or related work. More often, financial modeling is specified as one of the many functions you would be expected to perform as part of your job description.

That said, there clearly are some jobs where financial modeling would only be maybe ten percent of your job duties, and others such as an analyst at an investment bank where financial modeling would be close to ninety percent of your job duties.

In general, with investment banks and Wall Street type jobs, irrespective of title, everyone does a fair amount of financial modeling – from the analyst all the way to the managing director.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

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Is training or continuing education required to be a financial modeling specialist? (If not, why is it important to get it then?)

Financial ModelingQuestion: Is training or continuing education required to be a financial modeling specialist? (If not, why is it important to get it then?)

Answer: Training is very important for a financial modeling job. Think of a financial modeling job as akin to a doctor or an engineer. You need to be trained and have the right educational background to become a financial modeler. Whereas you could just get by with training for a job at McDonald’s, the same is not true if you want to be a doctor, an engineer or a financial modeler.

In addition to training, you must also focus on continuing education. For example, there was a time when acquisitions had a different accounting treatment with features such as goodwill, pooling or purchasing. However, accounting rules were changed and items such as goodwill were no longer permitted. So by taking continuing education, you can ensure that you’re up to speed with relevant changes. In general, continuing education once every two years should suffice.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


When is the best time to apply for a financial modeling job?

Financial ModelingQuestion: When is the best time to apply for a financial modeling job?

Answer: There is no such thing as the best time the best time to apply for a financial modeling job. Any time is as good as another because financial modelers are in heavy demand. However, make sure you apply well in advance and have a buffer. So, for example, if you are a student and are looking at entering the financial modeling profession, make sure you apply six months before you are slated to graduate. Even though there are plenty of financial modeling jobs, give yourself the luxury of choosing an employer that you can build a long-term career with. Otherwise you’d find yourself rushing into the first job that comes your way. Likewise, if you are in a job but wish to leave it for another, do not quit first, but start looking for a job so you can quit only when you have something else in hand. Moreover, employers do not take kindly to candidates who do not have existing jobs.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


What are some steps I need to take to become a financial modeling professional?

Financial ModelingQuestion: What are some steps I need to take to become a financial modeling professional?

Answer: First and foremost, get an education that is relevant – such as a bachelor’s degree in business, math, science, accounting or engineering. You could get this degree online or you could get it by attending a regular college. Next, make sure you develop Excel-based models as part of your coursework. The models do not have to financial models, but can be business models, marketing models, etc., that take historical data, analyze it for trends, identify key parameters that have guided historical outcomes, and use those trends, in the context of today’s reality, to develop predictive models. If you can, include sensitivity analyses on various parameters, develop charts and graphs, and focus on the flow and usability of your models. Next, take dedicated online accounting and financial modeling courses to improve your financial modeling skills.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


How important is social media and other methods of networking online to the financial modeling industry?

Financial ModelingQuestion: How important is social media and other methods of networking online to the financial modeling industry?

Answer: In today’s world, networking has an added dimension. In addition to socializing through lunches, dinners, meeting for drinks, etc., a lot of networking happens online. For example, a professional network called LinkedIn has professionals of every category – including financial modeling. These forums have interesting debates and discussions where financial modeling professionals reach out to each other. They also have job boards – permanent, consulting, contract and work from home – where you can pick up new jobs and assignments. There are other forums online that also encourage discussions and advertize jobs. For example, craigslist.org has an accounting and finance category that focuses exclusively on this domain and includes financial modeling jobs.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


Do financial modeling professionals need to worry about continuing education?

Financial ModelingQuestion: Do financial modeling professionals need to worry about continuing education?

Answer: Financial modeling professionals do not have to worry about continuing education. However, the best financial modelers are very focused on interacting in forums, professional bodies and networks so they can keep up with the latest innovations in financial modeling, or learn of new types of financial models, or new tools or graphs or programs that make their work more efficient or take things to the next level.

So the best financial modelers do not worry about continuing education, they revel in it and make sure to immerse themselves in it so that they are on the leading edge of their profession.

Do You Want to Complete A Financial Modeling Training Course?  If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Financial Modeling Specialist (FMS).

Read More Frequently Asked Financial Modeling Questions


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