Job Demand and Career Opportunities after Financial Modelling with Excel
By Aditi Bhat
If you have completed an advanced Excel course, be it an online course or a full-time professional course, then you must be well aware of the millions of ways you can use Excel to help you grow in your career. However, have you considered a career in financial modelling?
If you’re on the fence about it, don’t be. The job demand is high in this field, especially in a country like India, where the economy is constantly growing. Most companies need an expert to tell them where they are going when it comes to their finances. And with the number of start-ups rapidly cropping up, financial modelling is turning into a much-needed requirement.
There are roughly over five thousand openings in the Indian job market right now, for people who are trained in financial modelling using Excel. It’s required by credit rating agencies, equity research firms, investment banks, and even mutual fund companies to name a few. No matter what the company deals with, a professional aware of the ins and outs of financial modelling is preferred by investors. Such professionals help guide the investors in determining whether investing in a certain company will be profitable for them or not.
So if you’re looking to pursue an MS Excel tutorial or advanced Excel tutorial, here are three of the many sectors that have a high demand for those with financial modelling knowledge.
Credit rating firms
A credit rating firm has to assess a debtor's ability to pay back debt and figure out the company or individual’s chance of defaulting on the payment. To understand this, they need individuals with financial modelling to make the right analysis. CRISIL, ICRA, and CARE are a few big credit rating firms in India that you can look at.
Picture courtesy - workingmother
Equity research houses
If you understand the equity market, then you know that any equity research house would require a strong team of people who know the ins and outs of financial modelling. It is the job of these companies to provide a detailed analysis of a company’s finances so that investors can decide how to allocate their funds. They also value companies for mergers, LBOs, and IPOs so knowing how stock valuation works is the key. Citigroup, Goldman Sachs, India Infoline and Motilal Oswal are a few companies in leading this field in India.
Picture Courtesy - logok
The job of these firms is to facilitate the buying and selling of financial securities. In other words, it means helping buyers or investors trade in public stocks and other securities based on their market potential. Their job is to help their clients minimise risk by giving them the right advice, which is difficult without the knowledge of financial modelling. ShareKhan, Angel Broking, HDFC Security, ICICI Direct, and Reliance Money are the market leaders in this space in India.
Picture Courtesy - niftytrader
Looking at the countless options would you consider taking a certification course in financial modelling? How about an advanced Excel course to improve your knowledge? We offer professional courses in both the subjects, so don’t forget to check out our offerings.