Did you bump into one of those things that lead you to ask yourself how to learn financial modeling?
Financial modeling can be fun and stimulating. Or it can be daunting. It’s all in how you look at it. Either way, whether you are going to need it whether you are an entrepreneur, founder, CEO, or just aspire to climb these roles.
So, what options are there for learning financial modeling? Which is the best method for you?
Why You Need To Learn Financial Modeling
From ensuring your business idea actually has a future worth pursuing, to budgeting and managing finances to give it the fuel it needs to grow, to sustaining a business through leaner times and crises, and even successfully selling that business or taking it public, financial modeling is woven into every major step of the business.
To recruit important stakeholders, raise funds, get licenses, and maximize your exit, you need financial models.
Even if you have a great team who can ace this on their own, you need to know how to read them, test various scenarios, double-check their work, and know-how to edit them so you aren’t taken advantage of, and don’t sell yourself short.
When it comes down to figuring out how to learn financial modeling, you’ll be happy to know that there are a variety of ways to learn financial modeling. There is one that will fit you and your needs just right.
Go To School
You could go to college and specialize in finance or business. If you’ve picked up a degree, but are changing courses, an MBA might help out. Plenty of notable schools offer business, finance, accounting, and entrepreneurship programs. Harvard, Stanford, and Yale are some of those in the US.
It may be a long commitment that doesn’t come cheap, but you can build your network while you are there too.
Since COVID-19, even more, major universities are offering online education. You don’t have to move across the country, live in student housing, take out big student loans, or put your business ideas on hold for four years to learn the basics of this skill set either.
Some of these include:
- UNC Charlotte
When you are thinking about how to learn financial modeling, keep in mind that these courses can run from a couple of days to six months. Some are available for under $2,000. It won’t give you a degree, but you can say you took a course at a famous school.
You could theoretically piece together your own DIY education in financial modeling.
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