Education & Careers

Top Free Financial Modeling Courses for Investment Banking

A curated selection of high-quality, free educational resources designed to teach essential financial modeling, valuation, and accounting skills required for investment banking interviews and entry-level roles.

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Wall Street Prep: Free Financial Modeling Lessons

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Offers a comprehensive series of video tutorials covering the core components of financial modeling, including 3-statement models and DCF valuation. These lessons are structured to help beginners build a strong foundational understanding of banking techniques without any cost.

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Corporate Finance Institute (CFI): Free Modeling Courses

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Provides high-quality introductory courses on Excel shortcuts, accounting fundamentals, and financial modeling basics. Although premium certifications cost money, the free content offers rigorous training in the practical skills demanded by investment banks.

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Macabacus: Advanced Excel and Finance Guide

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A widely respected free resource that provides detailed tutorials on advanced Excel functions and financial theory. It serves as an excellent self-study guide for mastering the technical keyboard shortcuts and formulas essential for efficient financial modeling.

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JPMorgan Chase: Free Learning Portal

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Offers a variety of free professional development courses, including specific modules on financial analysis and modeling. These materials leverage JPMorgan's industry expertise to provide realistic insights into how leading institutions approach financial data analysis.

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Investopedia: Financial Modeling Tutorials

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Features extensive articles and video guides explaining complex financial concepts and modeling techniques. It is particularly useful for understanding the theoretical underpinnings of valuation methods like DCF, LBO, and comparables analysis.

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Aswath Damodaran: Corporate Finance Videos

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A NYU Stern professor who publishes his entire graduate-level corporate finance course online for free. His lectures provide deep academic rigor on valuation, capital structure, and risk, serving as a premium supplement to practical modeling skills.

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Excel Campus: Financial Modeling Formulas

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Focuses specifically on the Excel mechanics required for building models, such as lookup functions, pivot tables, and dashboard creation. Mastering these spreadsheet skills is critical for executing accurate and error-free financial models in a banking context.

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Khan Academy: Finance and Capital Markets

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Provides clear, foundational explanations of time value of money, discounted cash flow, and capital markets. This resource is ideal for beginners who need to strengthen their basic finance knowledge before diving into complex investment banking models.

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Wiley CFA Institute: Free Study Resources

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Offers select free articles and study materials related to financial statement analysis and valuation. These resources help candidates understand the accounting logic behind financial models, ensuring they grasp the 'why' behind the numbers.

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Bloomberg Market Concepts

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A free interactive e-learning course that covers financial markets, asset classes, and fundamental tools. While not strictly modeling, it provides essential context on market dynamics and data sources used by professionals in the investment industry.

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ModelAssist: Excel Modeling Standards

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Provides guidelines and templates for creating clean, professional financial models. Understanding industry standards for formatting and auditing models is crucial for passing technical interviews and succeeding in professional banking environments.

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The Plain Bagel: Financial Education

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A blog and YouTube channel that breaks down complex financial concepts into understandable segments. It helps learners avoid common misconceptions in valuation and market analysis, promoting a more rational approach to financial modeling.

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Mergers & Inquisitions: Free Modeling Guides

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Offers practical PDFs and articles on technical banking interview questions and modeling tips. Their content is tailored specifically for investment banking aspirants, focusing on what interviewers look for in a candidate's technical knowledge.

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LinkedIn Learning: Free Trial Courses

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Provides access to a wide range of professional development courses through a free trial period. Users can complete several financial modeling and Excel courses within the trial window to gain certified skills without immediate financial commitment.

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Coursera: Free Audit Options for Finance Courses

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Allows users to audit courses from top universities like Wharton and Duke in financial modeling. While certificates require payment, the core instructional content on building 3-statement models and valuations is freely accessible.

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edX: Free Financial Engineering Courses

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Features courses from institutions like MIT and Harvard on financial engineering and risk management. These academic courses provide a robust theoretical framework for quantitative finance, complementing practical Excel-based modeling skills.

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Y Combinator: Startup Financial Modeling

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Provides practical guides on creating financial models for startups, which share core principles with investment banking. Learning to build simple, scalable models in this context helps in understanding key drivers and assumptions in valuation.

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Google Sheets Finance Functions

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Official documentation and tutorials for using financial functions within Google Sheets. This is increasingly relevant for collaborative modeling and remote work environments, offering a modern alternative to traditional Excel-based workflows.

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Financial Modelling Templates: Free Examples

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Provides downloadable Excel templates for various types of financial models, such as DCF and LBO. Analyzing these pre-built structures helps learners reverse-engineer professional models and understand best practices for layout and logic.

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CFA Institute: Ethical and Professional Standards

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While focused on ethics, this resource is critical for understanding the regulatory framework within which financial models are used. Professionals must ensure their models adhere to ethical standards and transparency requirements in client reporting.