Answer: Education plays an important role in the financial modeling profession. In other professions, such as Public Relations or Event Management or Acting, education is highly desirable but not quite necessary. Think of financial modeling as akin to becoming a dentist or a doctor or an engineer – a specialized profession that requires a formal education so you are taught basic skills. Financial modeling requires working knowledge of multiple disciplines, but also requires educational knowledge of accounting and finance. The only way to pick up this knowledge is through education. Now, this education could be done by either physically attending a school or college, or virtually, by taking an online course. While you do not need a formal degree, a basic course in accounting and finance would be almost necessary so you understand the nuances of building meaningful and dependable financial models.
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 Certified Financial Modeling Specialist (CFMS).