For those looking for better opportunities for their finance career, Financial Modeling and Valuation Analyst certification is a necessity. This is what separates a regular professional from a world class financial analyst or investment banker— and employers know it.
You don’t need to wait until you’ve left school to start this certification program. In fact, it can be just as beneficial to take while you’re a student.
Finding the best financial modeling courses online can help you excel on your exam and stay on track with the rest of your studies. That’s why we’re here: to help lighten your load by breaking down the best options that are currently available to you.
Here are the best FMVA certification courses, study guides and training programs for future corporate finance professionals, along with an in-depth breakdown of what exactly makes each one so great.
Let’s get started!
1. Corporate Finance Institute Review (FMVA Certification Course)
CFI is one of the first providers you should check out if you want a course on financial modeling or investment banks. They have a ton of courses available, but their Certified Financial Modeling and Valuation Analyst course is one of our favorites. After all, they’re the ones who created the certification program in the first place!
CFI’s self-paced course can help you obtain a certification in just a few short months while also augmenting your financial modeling skills and abilities as an analyst.
CFI provides a comprehensive platform that includes over 28 courses and a few hundred Excel/Powerpoint resources. This is the supplement to over 100 hours of video training. Additionally, all of these resources are conveniently available to you online, allowing you to study around your hectic schedule.
All of the instructors at CFI have over 20 years of training experience. And since they offer different subscription options at monthly and annual levels, you can save some money if you learn a fast pace.
CFI FMVA Review Features
- Over 28 Courses
- 100+ Spreadsheet Models & Powerpoint Templates
- 100% Online
- Professional Instructors
- Multiple Pricing/Subscription Options
CFI Pros and Cons
- Pricing: It’s difficult to find a better or more flexible approach to pricing than CFI’s. Enrolling in their Basic, Annual, or Full Immersion Annual subscriptions grants you full access to more than 70 courses without requiring you to spend an uncomfortable amount of money.
- Large Variety of Learning Materials: Take advantage of quizzes, tests, and assignments— as well as Excel, PPT, and PDF file learning materials. This helps you apply the information you learn from their video lectures instead of just passively observing each one.
- Support for Premium Only: One of the most important features of any online course is a dependable and helpful customer service team. CFI has an excellent support team, but they’re only accessible to the Full Immersion All Access Membership.
2. Wall Street Oasis Elite Modeling Course
Wall Street Oasis teaches students everything they need to know about financial modeling through well made video lessons and study exercises.
Wall Street Oasis excels at turning beginners into experts through their financial modeling video lessons. Each lesson tackles a major component of the business and breaks it down into easy to understand parts. That way you aren’t overwhelmed by too much information at once. Case studies and course exercises are also available at certain course milestones. Completing these allows you to apply what you’ve learned and see what study areas you need to focus on in the future.
Wall Street Oasis Features
- 300+ Detailed Video Lessons
- 50+ Course Modules
- 30+ Course Exercises
- 6 Course Bundle
- Lifetime Access
- 12 Month Pass Guarantee
WSO Pros and Cons
- Lifetime Access: You’ll never be cut off from your course materials. Instead, all students have permanent access to this course after purchasing it.
- Affordable Bundle: Anyone signing up for this course can receive every lesson for just under $500. That’s a huge steal considering the total value of the combined courses is over $2000.
- Case Studies: Wall Street Oasis provides several case studies you can use to see how the modeling knowledge you’ve learned applies to the real world.
Bottom Line Recommendation:
Anyone who’s serious about their career in financial modeling owes it to themselves to check this course out.
3. New York Institute of Finance (NYIF) Financial Modeling Course
While it’s not specifically designed for CFI’s FMVA credential, the NYIF is a decent supplement when preparing for the exam. This course is offered in both a classroom and virtual classroom setting and is held over a span of 5 days.
- Introductory Courses to Real World Careers
- 5-Day Length
- Classroom or Virtual Classroom Options
- Undergrad-Level Prerequisites
- Extra Courses For Additional Programming/Excel Skills
NYIF Pros and Cons
- Data-Driven Curriculum: Excel and VBA are company valuation and financial modeling skills that absolutely deserve their own courses. They’re integral to investment financial analysis, and comprise difficult sections of the certification exam. Fortunately, NYIF offers a comprehensive course for these topics, ensuring you know enough to jump into your future job.
- Supplementary Certs: While preparing for the CFI exam, you can also earn bonus certifications to enhance your professional resume. I recommend checking out their courses for Corporate Finance & Valuation Methods and Online Professional Certificate in Valuation.
- Prerequisites: If you’re a college student or recent graduate, this shouldn’t be an issue. However, it’s worth noting that many of NYIF’s courses have pre-reqs like a typical university course.
4. Wharton Online Financial Modeling Course
Those looking to better learn financial modeling and business models will love our next recommendation. Offered by Wharton Online, this course will walk you through financial modeling skills such as using spreadsheets and valuations in order to create better business decisions.
This course includes a user dashboard that tracks both your enrolled courses as well as your progress in each of them. This course differs from others in that it is actually referred to as a specialization.
Enrolling in any course with Wharton will enroll you in that course’s specialization, which means you have access to 5 courses instead of just one. You only have to complete one course in a specialization, however obtaining a certificate requires that you complete all of the courses as well as a hands-on project.
Wharton Online Features
- Access to 5 courses
- Self Paced Options
- Readings + Course Videos
- Practice Quizzes
- Peer Feedback on Graded Assignments
Wharton Online Pros and Cons
- Free Course: Sometimes, the best things in life really are free. You can enroll in this specialization which includes a total of 5 courses and a hands-on project.
- Hands-On Project: Many courses out there call themselves self-paced and then just throw a bunch of videos your way to watch. This course takes it a step further and requires you to apply your knowledge with a hands-on project.
- Confusing Design: Looking at the website for this course it can be a little confusing to know exactly what the course entails. They should be better about communicating system strengths like their user dashboard which tracks progress in your courses as you go.
5. Coursera Financial Modeling Course
Unlike other companies, Coursera offers you a set of courses based on the subjects you’re interested in. This means you can access a much wider range of knowledge, but it lacks the career-minded focus like CFI’s course.
Coursera teaches a series of courses called specializations that are designed to help you master company valuation skills quickly. Each specialization consists of several different courses that are organized by subject matter. Enrolling in one course that’s part of a specialization automatically unlocks all the courses in that set.
Don’t worry about time limits— you’re welcome to take as long as you need on each course. Plus, completing the full specialization isn’t even a requirement; only focus on the courses you’re interested in.
Every specialization includes a hands-on project as part of the course list. Once you complete it, you’ll understand how to apply everything you’ve learned in a professional setting. Unlike the individual courses, you’re required to finish this project in order to earn your certificate of completion for the specialization.
Coursera Financial Modeling Review Features
- Practice Quizzes
- Course Videos
- Hands-on Projects
- Multiple Course Subjects
- Shareable Certificate
- Flexible Schedule
Coursera Pros and Cons
- Flexible Schedule: All Coursera specializations are entirely self paced. They have a recommended time frame for you to follow, but you’re free to set your own schedule instead. Take your time and create your own study plan in order to avoid burnout and stress as you study!
- Course Videos: Each course comes with a series of video lectures from experienced teaching professionals. Coursera’s instructors have professional experience in the subjects they teach; this means they can easily relate financial modeling techniques and concepts to real life situations and show you how to apply them.
- Online Only: Unfortunately, Coursera doesn’t offer any offline options for their courses. This limits the amount of work you can get done away from your computer. It would be nice to take some printouts to a lunch break and work on them or listen to some audio lectures while on a walk— but you’re better off with the Corporate Finance Institute if you prefer to learn this way.
6. Adventis Financial Modeling Course
Adventis’ financial modeling courses are self paced and geared towards independent studying. This allows you to learn financial modeling in a relaxed manner, although you’ll miss out on personalized guidance compared to many of the courses ranking higher above.
Adventis offers courses for both level 1 and 2 FMC certifications. Each course takes roughly 20 hours to complete and is entirely self paced. Lessons are taught through video lectures; each one teaches you an important course concept in a direct and easy to understand manner. Additionally, these lectures demonstrate how to apply everything you’ve learned— so you’re not just memorizing data.
There are a few additional features included in the Adventis financial modeling course:
After each course milestone, you’ll be required to complete an exam. Each test evaluates your ability to apply what you’ve learned to real life examples. If you have a tough time with one or more of these exams, you’ll receive extensive feedback on your answers. This can be extremely helpful when it’s time for you to take the real thing!
Adventis Financial Modeling Features
- 35 Videos
- 2 Year Access Period
- Unlimited Exams
- 8 Hours of Instruction
- Technical Interview Prep
Adventis Pros and Cons
- Internalize Core Concepts: Unlike other courses, Adventis wants you to understand and internalize concepts instead of just memorizing them. That way you can better apply them to your work after you’ve been certified. Plus, understanding each concept increases your problem solving skills, making it easier to earn your certification.
- Low Time Commitment: Do you have a busy work schedule? If so, you can take this course without worrying about it taking over your life. By teaching you the essentials in a brisk and easy to understand manner, you can easily take this course while juggling other commitments. They also give you a full 2 years of access time for all course materials.
- No Live Content: This finance course has plenty of content, but its self-paced nature makes it practically impossible to implement live lectures. This is a shame since it can be helpful to interact with your teachers and receive clarification on course concepts. If that’s what you’re looking for, then CFI would be a better choice for you.
7. Wall Street Prep Financial Modeling Review
Instead of focusing on tests, Wall Street Prep’s courses teach you everything you need to know about financial modeling through video lessons. In total, they offer roughly 45 hours of content.
In order to teach the core financial and valuation modeling skill set, this course will show you how to read and create financial models. They do so by showing you real case studies and the best practices for Microsoft Excel. This program is so helpful that many leading financial institutions use it to train their own staff.
The premium package is entirely self paced, but you’re expected to spend around 70-90 hours on studying. Videos will teach you what you need to know before you’re asked to apply your knowledge to Excel model templates. Although it doesn’t acclimate you to the actual exam format, these financial modeling courses let you get a feel for actual spreadsheet models you’ll use in your career.
Wall Street Prep Financial Modeling Features
- Private Tutoring
- Resume Inclusion
- Private Online Tutoring
- Macabus Excel Plugin
- Support Center
Wall Street Prep Pros and Cons
- Bonus Mini Courses: The premium package comes with 36 extra mini courses. Each course is roughly 2 hours and covers a variety of industry specific topics. These are a great way to brush up on some of the more basic concepts involved in your career, and it also helps reinforce what you’ve learned in the main lessons.
- Meet Your Instructor: Every Wall Street Prep course starts with a 30 minute meet and greet with your course instructor. This introductory Zoom call lets you get a feel for what the course is going to be like. After a brief overview of what the course will look like, your instructor will answer any questions you might have. This is a fantastic intro to this course and will help resolve any anxiety before taking it.
- Price: Unfortunately, this course’s high quality comes at an equally high cost. You’ll need to pay $499 to gain full access to everything Wall Street Prep has to offer. However, you can purchase individual parts of the course for a lower price. Still, you’re going to want everything included in the full course.
Financial Modeling & Valuation Analysts FAQs
Still confused about financial modeling and valuation courses? Here are some quick answers to your burning questions:
According to the Corporate Finance Institute, FMVA certified professionals earn salaries of over $100,000 a year.1 This is above the average salary for a typical CFA2— so it’s statistically possible that you can use it to advance your career.
No. For example, the financial modeling courses offered by Wharton Online have subtitles in Arabic, French, Portuguese, Chinese, Italian, Vietnamese, Korean, German, Russian, Turkish, and Spanish.
Getting certified as a Chartered Financial Analyst will lead to many career opportunities in finance. It’s also a good idea to become a certified Financial Modeling and Valuation Analyst (FMVA) to increase your earning potential.