While experience counts for challenging job profiles, financial modeling is becoming more and more open to new incumbents. If the skill is well learnt and practised, there is no reason why a fresher cannot be considered for key roles in Financial Analysis. Apart from the conceptual knowledge involved, there is a huge demand for the skill of making assumptions, analysing the financial statements and building model for forecasting future performance.
In the real job scenario, companies begin with the entry level posts in financial analysis and slowly graduate to higher levels as they complement their financial modelling skills with qualifications like CFA, CIMA, MBA etc.
We have compiled an indicative list of available profiles for candidates starting with 1 year of experience from leading employment portals and company job listings. Most of these profiles require an additional degree such as CFA or MBA along with strong financial modelling skills.
The range of pay scale of a fresher financial modelling professional is as follows:
The above graph shows that as the experience increases to the range of 1 year to 4 years, there is a significant growth in salary. The quantum of growth increases manifolds at the levels thereafter. This is evidence enough to show that no matter what degree you secure, whether a CFA, CA or MBA, the knowledge of financial modelling is must for you to flourish in your career.
So what are you waiting for? Upgrade yourself for a rewarding career ahead with Financial Modelling.