Many Financial Modelling Podcast listeners are often surprised to hear that I advocate Microsoft Excel as the tool of choice when it comes to project finance models, as opposed to Python, R or MATLAB. The reason I advocate Excel is simple and is broken down into three key elements:
One of the difficulties with online training is knowing who offers the best, most relevant courses. There are typically two main types of online training courses – cheaper courses that are widely available on learning platforms (I offer four courses online believe it or not!) and more expensive, but often more professional and well thought out courses, which usually come with support from the training provider. In this regard, the Financial Modelling Podcast has partnered with FE Training to offer a 25% discount on their courses, by using the code FMP25. FE Training is used by investment banks globally to teach their own analysts. I for one know the value of going on project finance and financial modelling training courses – I was exponentially more productive after going on courses. FE Training offers a micro-degree on Project Finance ( https://www.fe.training/store/product/online-courses/the-project-financier/ ) and an online financial modelling course (https://www.fe.training/store/product/online-courses/the-modeler-online/). Don’t forget to use FMP25 for a 25% discount on these courses.
Online training, and any training for that matter, is only effective in practice. The key is to continuously practise these new skills to make them second nature. When I worked as a financial modeller, every single day I spent honing my craft – sometimes even rebuilding models in templates that I used or built to practice and understand them better. I have no doubt that the financial modelling world will evolve – potentially to one where all models are built-in Python or another tool. That said, the fundamentals will be the same – project finance deals will still be structured in similar manners, perhaps with new, yet to be developed financial instruments. These will be easy to pick up for any modeller that understand the fundamentals well.
So, get going today in learning a skill that will benefit you throughout your deal-making and business career. As Paul Clitheroe succinctly put it, “Invest in yourself. Your career is the engine of your wealth.” Online financial modelling training is a great way to start that investment!