Explore the thriving field of financial modeling and its applications in various high-paying jobs in major metropolitan areas. Learn about the salaries for these positions and the best places to acquire the necessary training, in cities like Los Angeles, New York, San Francisco, and more.
- Financial modeling is a valuable skill that enables detailed financial outcome analysis, budget planning, performance analysis, and investment evaluation, among other tasks.
- Los Angeles, New York City, Houston, Chicago, San Francisco, Detroit, Washington D.C., Phoenix, Atlanta, and Dallas are all ideal cities to learn financial modeling and pursue related careers.
- On average, Financial Analysts in these cities earn approximately $80,000 per year, with San Francisco offering slightly higher salaries at around $85,000.
- Various training options are available in these cities, such as Noble Desktop's Classes Near Me tool which can be used to find suitable financial modeling courses according to your location.
- Remote learning options are also available for those who prefer studying from home or those who live outside of these cities.
- Noble Desktop offers several comprehensive course options such as the Financial Modeling Bootcamp and Financial Analyst Training Program, as well as courses on Excel and FinTech.
Students interested in learning financial modeling at a dedicated training facility will find that almost all of their options are located in major metropolitan areas. Since this is also where many of the highest-paying jobs can be found, it makes sense that those who wish to pursue a career change may want to consider exploring the kinds of cities that offer the most robust training options for aspiring Investment Bankers or Financial Analysts.
What is Financial Modeling?
Financial modeling is the process of evaluating a company’s past performance to predict the likelihood of various financial outcomes. Those who create financial models rely on financial forecasts to do so. The assumptions in a forecast are played out using the organization’s financial statements to predict how various statements may look in the future. Since these models are based on financial statements, they are typically generated monthly, quarterly, or yearly. It’s common for financial models to be constructed using manual data entry in an Excel spreadsheet.
Read more about what financial modeling is and why you should learn it.
What Can You Do with Financial Modeling Skills?
Financial modeling provides a way to perform a detailed analysis of all possible financial outcomes of a business decision. It helps an organization budget for the future and analyze the company’s performance against goals and targets, as well as determine the organization’s current value. Financial models allow individuals to compare one company’s performance against its competitors. These models can analyze financial statements, ratios, and capital structure, as well as estimate financial metrics for new projects. They can help professionals estimate a company’s projected growth, organize its budget, evaluate investments, decide between acquisition or merger, and determine which projects to prioritize.
Los Angeles is one of the best large cities to study financial modeling. The “City of Angels” is currently the second-most populated city in the U.S. It’s also home to over five dozen colleges and institutions of higher learning, such as UCLA, Loyola Marymount University, Pepperdine University, and California Institute of Technology, which makes it a good place to study financial modeling. Los Angeles is popular because of its sunny year-round weather, its beautiful beaches, and its diverse population and dining options. This city offers residents and tourists access to nearly 100 museums and an economy driven by creative professionals in fields like production, music, fashion design, and acting. As organizations begin to move from the Bay Area, many settle in L.A. in “Silicon Beach,” which is home to over 500 companies, such as Google, Hulu, and Headspace. Los Angeles-based Financial Anaysts earn approximately $80,000 a year.
If you’re looking to find financial modeling classes in Los Angeles, Noble Desktop’s Classes Near Me tool is an excellent resource. Investment Banking Institute currently offers Financial Modeling and Valuation. This bootcamp prepares participants to create financial models, create LBO and M&A models, and tie together financial statements. Interested learners can also enroll in Training The Street Core: Financial Modeling & Corporate Valuation. This class covers core Excel and finance skills, as well as how to create DCF models.
New York City
New York City remains a widely popular place for tourists to visit and those interested in working with financial modeling to move. The Big Apple is the most populated US city and is the location of some of the country’s largest companies, such as JetBlue Airways, The Nielsen Company, HBO, and American Express. It’s also the location of prestigious financial institutions like BNY Mellon, JPMorgan Chase, Deloitte, and Bloomberg. New York City is a location that offers something for everyone. Cultural enthusiasts can enjoy access to more than 100 museums and beloved tourist destinations like Broadway, The Statue of Liberty, and Central Park.
For those seeking an education in financial modeling, this city is also known for top-tier colleges and universities like Columbia and NYU. Central Manhattan is also the location of Noble Desktop’s training facility. Currently, NYC has more corporate job openings than any other US city. Its growth rate continues to be above the national average, which makes it a great city to seek employment. If you’re looking to pursue a career in financial analytics in the NYC metro area, you can expect to make about $80,000 a year.
If you live in the New York City area and are interested in learning to create financial models, Noble Desktop’s Classes Near Me tool can help. You can use it to search for financial modeling training options in New York City. Noble Desktops Financial Analyst Training Program offers hands-on instruction with a range of financial modeling skills and tools, such as creating a full valuation model and working with Microsoft Excel. NYIM Training’s Advanced Excel for Financial Modeling is also available. This course teaches learners a range of Excel features and formulas that apply to finance, such as how to audit financial models, write flexible formulas, and use advanced financial functions. NYC Career Centers Financial Analysts Training Program is also offered in NYC. Those enrolled in this hands-on bootcamp work with basic as well as more advanced Excel skills, such as PivotTables, combo charts, statistical functions, and LOOKUP functions.
Another excellent location for learning to create financial models and pursuing a career in this field is Houston. Houston remains a widely popular spot for tourists and for those interested in relocation due to its relatively low cost of living (8% below the national average), which makes it one of the most affordable big cities in the US. Another benefit to moving to Houston is that it’s ranked as the country’s most diverse city. Houston offers many options for world-class dining in its 12,000 restaurants. The city is also home to more than three dozen colleges and universities, like the University of Houston and Rice University, which makes it a great city to learn financial modeling. If you wish to use your financial modeling skills as a Financial Analyst in Houston, salaries in this field are about $80,000.
Noble Desktop’s Classes Near Me tool provides interested learners with an easy way to search for financial modeling training options in Houston. Investment Banking Institute’s Financial Modeling and Valuation is a bootcamp program in which participants receive hands-on training in creating financial models like M&A and DCF models. If you’re instead looking to study financial modeling in the live online environment, NYIM Training’s Financial Modeling Bootcamp and Financial Analysts Training Program are available as well. Both courses offer instruction on how to work with Excel to create financial models and perform corporate valuation.
Chicago is one of the most popular and inviting big cities in the midwest, as well as the whole country. The “Windy City” is known for its skyscrapers, its eye-catching architecture, and its famous museums like the Art Institute of Chicago. This diverse city offers residents and tourists access to a range of options in its more than 21,000 restaurants. More than 100 colleges and universities are home in Chicago, which makes it a good spot to learn to create financial models. Large banks and financial institutions such as BMO Harris Bank, The Northern Trust Company, and MB Financial Bank. Chicago residents are known for their midwestern hospitality, which makes the city an accessible and popular spot for weekend trips or longer stays. Chicago is also home to Fortune 500 companies like Boeing and Exelon. With an above-average job growth rate, Chicago remains a popular place to pursue a career in finance. Financial Analysts in the greater Chicago area earn approximately $80,000 a year.
If you want to find financial modeling classes in Chicago, let Noble Desktop help. Noble’s Classes Near Me tool can help you browse local course listings to find the best one for you. Training The Street’s M&A and LBO Analysis is for advanced learners interested in focusing their financial modeling studies on LBO and M&A analyses. Those enrolled receive instruction on core finance and accounting concepts. If you’re looking for a bootcamp, Investment Banking Institute’s Financial Modeling and Valuation teaches students skills like how to locate important financial information online and create M&A and LBO models.
San Francisco is one of the most diverse cities in the US. Tourists and locals alike appreciate San Francisco’s minority-majority population and Mexican-inspired culture and architecture. This city also boasts a diverse food scene, with over 5,000 restaurants. Locals have access to year-round farmers’ markets and locally sourced dining options. This city is also home to famous parks and nature spots like Muir Woods and the redwood forest, as well as tourist destinations like Haight-Ashbury and Golden Gate Bridge. More than 20 colleges and universities are also located in San Francisco, which makes it a great city to pursue financial modeling study.
San Francisco is one of the prime locations in the US to pursue a career in financial modeling. Those who live in the Bay Area work in industries like electronics, food processing, manufacturing, aerospace, and shipbuilding. San Francisco is known as one of America’s tech hubs. Those who reside in the San Francisco area have employment opportunities with Silicon Valley companies like Salesforce, Uber, Twitter, and Dropbox. If you’re interested in pursuing a career as a Financial Analyst in the San Francisco area, pay rates are competitive for those with financial modeling skills. These professionals earn a salary of about $85,000.
Those who are looking to find financial modeling training options in San Francisco can use Noble Desktop’s Classes Near Me tool. Training The Street has several courses that prepare participants in the San Francisco area to create financial models. Its Applied Excel class is a beginner-friendly course that covers fundamental Excel topics like working with macros, performing scenario analysis, and analyzing data. Financial Modeling & Corporate Valuation is also available from Training The Street. Participants in this class receive instruction on common modeling and valuation techniques, as well as how to create DCF, M&A, and LBO models.
Detroit, the “Motor City,” is another metropolitan hub that provides a range of training options and employment opportunities in financial modeling. Locals and tourists alike enjoy the city’s nearly 5,000 restaurants, two dozen museums, and beloved spots like the Detroit Institute of the Arts, Detroit Zoo, and Motown Museum. Detroit is home to many high-tech industries, such as logistics, IT, healthcare, and defense. It’s also a hub for the global automotive industry. This is why Detroit provides a great location for organizations across sectors to expand and succeed. The largest Detroit employers in 2022 were General Motors, Ford Motor Company, Stellantis, and the University of Michigan, which had nearly 165,000 full-time employees. For those looking to study financial modeling, Detroit is home to nearly three dozen colleges and universities. Detroit has nearly 400,000 businesses, including ten Fortune 500 companies that can be found in the state. Detroit-based Financial Analysts who have a background in creating financial models are compensated well; these professionals make about $80,000 yearly.
For those who live in the Detroit area, it’s easier than ever to search for financial modeling classes in Detroit, thanks to Noble Desktop’s Classes Near Me tool. NYIM Training’s Financial Modeling Bootcamp provides participants with training in skills like accounting, corporate finance, Excel, and financial modeling to prepare them for a career in finance. NYC Career Centers Advanced Excel for Financial Modeling is geared toward students who have basic Excel knowledge and want to learn more advanced spreadsheet skills to perform financial analytics tasks. Both courses are offered in the live online format.
Washington, DC, the nation’s capital, is a vibrant city full of cultural and historic landmarks, world-class dining options, famous museums, and professional opportunities. Aspiring Financial Analysts looking to relocate will find many reasons to explore DC. This city offers 50 historic districts, 30 national parks, 750 historic landmarks, and 70 museums. Its great public transportation system and bike-friendly landscape make it easy for visitors and residents to navigate these spots. For culinary enthusiasts. DC has over 2,000 restaurants with diverse offerings like half-smoke hot dogs and Chesapeake blue crabs. Although the cost of living in D.C. is high compared to other spots in the US, its array of historic and cultural attractions makes this city a great place to study, live, and work. While DC’s projected job gain is at 2%, which is below the 3.4% national average, a range of career opportunities are available in the nation’s capital for qualified individuals. The two main employers in DC are the US Department of Defense and the Department of Homeland Security. If you’re considering pursuing a finance career in D.C. that uses modeling skills, Financial Analysts in the city earn a yearly salary of approximately $70,000.
If you’d like to search for financial modeling courses in Washington, D.C., Noble Desktop’s Classes Near Me tool is a useful resource. Participants can search the local training options to find those most suited to their learning needs and professional goals. Georgetown School of Continuing Studies currently offers Financial Modeling. This course covers best practices in financial modeling and data analysis. Participants in this course work with Excel and learn how to create their own interactive financial models. Online learning options are available as well, from educators like NYIM Training and NYC Career Centers.
For those looking to pursue a career that uses financial modeling, Phoenix is another excellent spot. Currently ranked as the fifth-largest city in the US, Phoenix offers something for everyone. Outdoor enthusiasts will appreciate this city’s 200 golf courses, 40,000 acres of mountain and desert preserves, year-round sunny skies, and 200 miles of trails. This makes it a great location for activities like horseback riding, camping, fishing, and hiking. With almost two dozen postsecondary institutions, Phoenix is also a good location to study financial modeling. For those seeking employment, the main industries in Phoneix are aerospace, e-commerce, IT, defense, advanced manufacturing, transportation, and finance. Phoenix-based Financial Analysts with a background in financial modeling can expect to make about $80,000 a year.
NYC Career Centers Financial Modeling bootcamp offers instruction on how to use advanced Excel skills and techniques to create financial models, as well as current best practices for writing formulas and executing shortcuts. NYIM Training’s Financial Analyst Training Program is available as well. This rigorous bootcamp teaches students how to use basic Excel skills, like writing formulas and working with PivotTables, as well as advanced Excel skills for financial modeling, such as how to work with cash flow projection tools and Goal Seek. Both courses are taught live online, allowing participants to complete coursework remotely.
Atlanta is the capital of Georgia and one of the southern US’s cosmopolitan hubs. Those who live in Atlanta enjoy mild weather year-round, as well as a beautiful green landscape. With over 330 parks, such as Piedmont Park and Morningside Nature Preserve, outdoor enthusiasts have access to many options for river rafting, kayaking, fishing, and hiking. Top-tier colleges and universities are also home in Atlanta, which makes this city a great spot to study financial modeling. Schools such as Georgia Tech, Georgia State University, and Emory University are all located in the greater Atlanta region. The main employers in Atlanta are The Coca-Cola Company, The Home Depot, UPS, and Delta Airlines. For individuals who’d like to begin a career in financial analytics in the Atlanta area, the average yearly salary for this position is $80,000.
If you’d like to find financial modeling classes in Atlanta, you can use Noble Desktop’s Classes Near Me tool. Training The Street offers Fast Track: Financial Modeling. This intensive class prepares students to create financial models using Excel. Participants also explore how to create a valuation model and include sensitivity analysis. Training the Street’s M&A and LBO Analysis is also available. This advanced course teaches participants how to use core finance and accounting concepts with applications for M&A and LBO analysis.
If you’d like to move to Texas to learn financial modeling and pursue a career with this skill, Dallas is another great spot to consider. Dallas is one of the most affordable big cities in the country, with the cost of living just 1% above the national average. This makes Dallas a great spot for those interested in living in a major metropolitan area and raising a family. It’s also one of the safest cities in the US and provides residents with excellent options for healthcare. Dallas currently enjoys an expanding job market that had 50,000 job postings in 2022. This city is also the location of several Fortune 500 companies, like AT&T, ExxonMobil, and Southwest Airlines. Dallas residents can explore employment in this city’s main industries: manufacturing, oil, gas, and finance. The main employers in Dallas are currently Walmart, American Airlines Group, Texas Health Resources, and Bank of America. If you’re interested in applying your financial modeling training to a career in financial analytics in Dallas, these professionals make about $80,000 a year.
If you’re interested in learning more about financial modeling, you may want to search for financial modeling courses in Dallas. Noble Desktop’s Classes Near Me tool can find any relevant course offerings, so you don’t have to waste time searching. Classes are available for those who are new to financial modeling, as well as more advanced financial professionals. Investment Banking Institute’s Financial Modeling and Valuation is a bootcamp for professionals who work in the financial or business sector. Those enrolled learn in the hands-on environment to create LBO, M&A, and DCF models. Online coursework is also offered by educators like NYC Career Centers and NYIM Training for those interested in studying in the live remote environment.
Learn Financial Modeling Skills Online
Major cities and metropolitan areas are great places to study financial modeling. However, if you don’t live near a big city, don’t fret; excellent study options are available in the online format as well. A range of courses in financial modeling, Excel, and financial analytics are available in the live online and on-demand online formats. These courses require no commute and can be completed entirely in a remote environment, from one’s home or office space.
If you are interested in learning more about live online financial modeling training options, you can explore available course listings using Noble Desktop’s Classes Near Me tool.
Learn Financial Modeling Skills with Noble Desktop
Noble Desktop offers several excellent learning options for those interested in financial modeling. Noble’s Financial Modeling Bootcamp covers the basics of accounting, finance, and corporate valuation. Noble also offers a Financial Analyst Training Program that provides instruction on how to create a full valuation model. Noble has financial modeling training courses in-person and live online. Those interested in working with Excel for data modeling can attend the hands-on Excel Bootcamp. Noble’s FinTech Bootcamp is also available, which teaches learners how to create machine learning models and work with programming languages SQL and Python for financial data analysis.
How to Learn Financial Modeling
Master financial modeling with hands-on training. Financial modeling is a technique for predicting the financial performance of a business or other type of institution over time using real-world data.
- Financial Modeling Bootcamp at Noble Desktop: live, instructor-led course available in NYC or live online
- Find Financial Modeling Classes Near You: Search & compare dozens of available courses in-person
- Attend a financial modeling class live online (remote/virtual training) from anywhere
- Find & compare the best online financial modeling classes (on-demand) from the top providers and platforms
- Train your staff with corporate and onsite financial modeling training