Question: What are the first steps I should take while preparing to enter the financial modeling industry?
Answer: The first few steps you should take are: Understand the specific industry you want to get into – automobiles, oil, investment banking, fashion, etc. One you decide what industry you want to be in, read up on it and try and get a sense for the kinds of financial models the industry needs, what the industry’s key drivers are. Then, select a suite of courses (online or in person) that give you broad knowledge on the industry you want to enter. For example, if it’s fashion, then make sure you take courses in marketing, communications, math, statistics (very important when dealing with fashion trends and forecasts), finance (revenue and profits are what everyone works for at the end of the day) and accounting. Within your courses, design your own projects or at the very least tailor them to showcase your background as a financial modeler in the industry of your choice. You will then have a leg up over other candidates.
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).