The best way how to practice financial modeling is on the job, working in investment banking, corporate development, or equity research. If you don’t work in one of these careers (or something similar), the next best way to practice is through online training programs like CFI’s FMVA certification, where students can learn online at their own pace.
In the field of corporate finance and accounting, roles that require financial modeling skills are involved in financial statement forecasting, specifically financial analysis and preparing company-specific models that will be used by decision-makers in the organization.
Unlike bankers who create financial models that focus on assessing companies based on their credit risk and other measures, the accountants’ financial models are usually about project evaluation, profitability, and internal operations analysis and reporting.
CFI is the official global provider of financial modeling and valuation analyst FMVA Designation. CFI's mission is to help anyone become a world-class financial analyst and has a wide range of resources to help you along the way. In order to become a great financial analyst, below are some additional questions and answers for you to explore further:
Below is a screenshot from one of CFI’s online analyst training and certification courses, offered 100% online.
To learn How to Build an Excel Model step-by-step, click on the image below.