Financial modeling

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NurulAmira

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Hey guys , has anyone of you done financial modeling before? Im planning to invest in BIWS package. Feel free to comment and give your opinion in this product. Thank you.
 
financial modeling? I don’t think you’re on the right forum. No one here has ever done financial modeling.
 
I think their products are good but try going to your local library first and checking out a few books on modeling. If you are comfortable with Excel, financial modeling isn’t too hard to wrap your head around. It just takes practice, practice and practice.
 
I am also considering buying it. However im a little concerned about the cost. Is there any alternative route to learn what BIWS teaches without investing so much money? Is the cost of the package justified?
As i want to study the material for self learning purpose rather than learning because of the current or future job requirement, is there a way to master financial modelling, by learning from free sources available on the internet? Lastly, do people put the wall street financial modelling certificate on their resume after passing the test? Does it even add any fractional value to the profile/resume?
 
FreakAnalytical wrote:I am also considering buying it. However im a little concerned about the cost. Is there any alternative route to learn what BIWS teaches without investing so much money? Is the cost of the package justified? As i want to study the material for self learning purpose rather than learning because of the current or future job requirement, is there a way to master financial modelling, by learning from free sources available on the internet? Lastly, do people put the wall street financial modelling certificate on their resume after passing the test? Does it even add any fractional value to the profile/resume?
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NO…to master it would require years of experience applying it.
 
FreakAnalytical wrote:I am also considering buying it. However im a little concerned about the cost. Is there any alternative route to learn what BIWS teaches without investing so much money? Is the cost of the package justified? As i want to study the material for self learning purpose rather than learning because of the current or future job requirement, is there a way to master financial modelling, by learning from free sources available on the internet? Lastly, do people put the wall street financial modelling certificate on their resume after passing the test? Does it even add any fractional value to the profile/resume?
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Breaking Into Wall Street is the least costly product suite out of the select few offerings that are good at what they do, e.g. Training the Street, Wall Street Prep, etc. The fundamentals course costs $247. When you look at the kind of money that people pay for CFA exams, doesn’t the $247 pale in comparison?
You should be looking to invest in your future and in your career. It does help to complete the course from a resume perspective, but more importantly, the skills you gain from learning how to model position you much better for an effective job search for a capital markets role. Not paying up to learn how to model properly is penny-wise, pound-foolish.
 
Do I look dumb if I just agree with numi?? ;-)
No one is going to jump and say “let’s hire this one, because they did BIWS.” But if you’ve never had anyone walk you through how to do the modeling, then you’re going to be a lot less prepared for some of the things they might ask you in an interview. So do it for yourself and your confidence, not for the resume line.
And numi’s point about the cost of the CFA vs BIWS is really good. Moreover, it takes a lot less time than the CFA too. (Dang it, did I nounify the CFA there - three times??? Time to self flagelate myself with a flagelum)
 
To the OP, before you make the financial and time commitment, make sure that that’s what you want to do. Spending 12 hours a day in front of a spreadsheet is not for everyone. Finance is not limited to that.
 
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