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Who do financial modeling professionals interact with most in their position at a firm? (For example, customers, media, employees, etc.) - Investment Certification Institute

Who do financial modeling professionals interact with most in their position at a firm? (For example, customers, media, employees, etc.)

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Financial ModelingQuestion: Who do financial modeling professionals interact with most in their position at a firm? (For example, customers, media, employees, etc.)

Answer: Financial modeling professionals interact with a wide variety of people in developing their model. You cannot develop a model in a vacuum. You must interact with sales and marketing to understand pricing, projected units that can be sold based on historical performance, elasticity in pricing, etc., and use this information to develop top line revenue.

On the cost side, they must interact with accounting for salaries, expenses, depreciation and related metrics. Accounting can also give them a clear picture on how to build out the balance sheet and the cash flow statement.

For certain projects, the modeler may have to speak with engineering, design or project management, depending on the industry, to understand schedules and timelines for both revenue and expenses. In parallel, the modeler must develop a robust understanding of the industry by speaking with outside analysts.

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).

Read More Frequently Asked Financial Modeling Questions

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