Have you ever found yourself lost in a maze when dealing with your business finances? You’re not alone. Many of us feel overwhelmed by the world of finance, with its complex calculations and intimidating jargon.
But what if I told you that it doesn’t have to be that way? What if understanding your business finances could be as simple as following the plot of your favorite TV show?
Imagine confidently making financial decisions that propel your business forward, fully understanding the numbers on your balance sheet, and even enjoying the process! It may sound too good to be true, but it’s not.
I have researched extensively and taken over 20 financial analysis courses to find the best ones for you. I looked for courses that are approachable yet go beyond the basics. I made sure that the courses are taught by experts in the field and incorporate the latest and most effective techniques.
So, are you ready to unravel the language of finance and take control of your business finances? Let’s dive in.
The 5 Best Financial Analysis Courses
1) Coursera’s Financial Analysis – Skills For Success
The Skills for Success course offered by the University of Illinois at Urbana-Champaign is a comprehensive program designed to prepare individuals for a career in financial analysis. In my opinion, this is the best financial analysis course on the market.
It provides a holistic understanding of organizational finance, encouraging students to adopt an analytical mindset when examining financial statements. This course is part of a 3-course Specialization in business analysis.
Pros
One of the main strengths of this course is its comprehensive coverage of key financial concepts. It equips students with fundamental accounting and financial principles and helps them understand the significance of gaining a financial perspective.
The course has also been recognized for its practical approach, enabling students to apply an analytical mindset towards financial statement analysis. This is a crucial skill for anyone looking to succeed in the field of financial analysis.
Moreover, the University of Illinois has partnered with Google to offer this specialization, adding an additional layer of credibility and practicality to the course.
Cons
While this course has many advantages, it may not suit everyone. Some users might find the course’s comprehensive nature a bit overwhelming, especially if they’re new to financial analysis.
The course also requires a significant time investment, which might not be feasible for everyone.
What I Liked
I really liked that the course was offered in partnership with a University Finance Department. This added a lot more structure and real-life experience than other programs.
Pricing
The Financial Analysis – Skills for Success course is available for free enrollment on Coursera. However, if you wish to receive a certificate upon course completion, you can join Coursera for $39.99 per month.
Who It’s Best For
This course is best suited for individuals who are preparing for a career in financial analysis. It’s also a great fit for professionals who want to gain a deeper understanding of organizational finance and enhance their analytical skills. Whether you’re just starting in the field or looking to refresh your knowledge, this course offers something.
2) London School Of Economics’ Managerial Finance
Imagine you’ve just been handed a magical key. This key isn’t for a secret garden or a hidden treasure chest but something far more valuable: the complex world of finance. The Managerial Finance course offered by the London School of Economics and Political Science (LSE) is that key.
The course is designed to help professionals unmask the often intimidating realm of finance, making it accessible and understandable. Over six weeks, participants are equipped with practical tools to make informed managerial and investment decisions.
Pros
The course is like a Swiss Army knife for finance: it’s versatile, comprehensive, and practical. One of LSE’s leading lecturers designed it, combining expert knowledge with a user-friendly approach.
The Managerial Finance course doesn’t just teach theory; it provides a practical understanding of financial health. This means you’ll learn how to apply concepts in real-world scenarios, preparing you for whatever challenges your business might face.
And let’s not forget the cherry on top: Upon completion, you receive an official certificate of competence from LSE.
Cons
Every rose has its thorns, and this course is no exception. While the course does an excellent job of demystifying finance, some participants might find the pace a bit fast. This isn’t a leisurely stroll through the park; it’s more like a brisk walk, so be prepared to keep up.
Also, while the course is online, it may require a significant time commitment, which might not be feasible for everyone.
What I Liked
I really liked that the course came from the point of view of managerial finance. So many programs are focused on investment banking, evaluating companies from the outside. This course takes a look inside companies where most people will use these skills.
Pricing
This full university course costs 2,200 GBP for enrollment and the certificate.
Who It’s Best For
This course is like a universal remote for anyone looking to gain control over their understanding of finance. Whether you’re a small business owner trying to navigate financial decisions, a manager seeking to enhance your competencies, or just someone curious about finance, this course has covered you.
3) Udemy’s Complete Financial Analyst Course
The Complete Financial Analyst Course on Udemy is a comprehensive online training program designed to equip learners with the necessary skills to thrive in the world of finance. The course covers various topics, from professional spreadsheet formatting to financial planning to creating effective charts and graphs.
Pros
One of the main strengths of this course is its practical approach. It provides learners with many practical examples, allowing them to apply their newly acquired knowledge in real-world scenarios.
Another standout feature of this course is its Excel classes. These classes are designed to help learners work comfortably with Microsoft Excel, one of the most crucial tools for any financial analyst.
The course is known for its professional chart creation lessons, which effectively teach learners how to generate sophisticated graphs and charts.
Cons
While the course offers a wealth of information and practical examples, some users might find the pace a bit challenging. Being an intensive course requires a significant time investment, which might not be feasible for everyone.
What I Liked
I was a fan of how much content was included in this course. This would be two or three semesters of a college course and taught a lot of practicle skills like chart design.
Pricing
This course lists for $179.99 however Udemy frequently runs sales as much as half off!
Who Its Best For
This course is ideal for anyone looking to delve into the world of corporate financial analysis. Whether you’re a budding financial analyst or a seasoned professional seeking to improve your skills, this course offers something. The practical approach adopted by this course makes it a valuable resource for anyone looking to apply financial concepts in real-life situations.
4) edX’s Financial Analysis For Decision Making
Financial Analysis for Decision Making from edX is a course that aims to demystify the world of business analysis. This course, offered by Babson College, provides learners with the tools and knowledge necessary to make informed business decisions.
Pros
The main strength of this course lies in its practical approach. It gives learners insights into various cash flow funding options for businesses and helps them master the art of negotiating financial opportunities.
Another advantage of this course is its focus on decision-making. It equips learners with financial, quantitative, and business analysis skills, enabling them to tackle complex problems that require confident managerial decision-making.
Cons
While the course offers valuable insights into financial analysis, it might not be ideal for those seeking an in-depth understanding of specific financial concepts. Also, some students might find the pace of the course a bit intense.
What I Liked
I really liked that this course was based around valuing business opportunities. This is a fantastic choice for anyone working in a startup, considering a startup, or trying to grow an existing business.
Pricing
Auditing the course is free! If you want a certificate and hands-on learning, the verified track is only $199.
Who It’s Best For
This course is particularly beneficial for those involved in decision-making at any level within a business, government, or not-for-profit organization. Whether you’re an entrepreneur, a manager, or simply someone interested in enhancing your financial decision-making skills, this course is for you.
5) CFI’s Financial Analysis Fundamentals
The Fundamentals course offered by the Corporate Finance Institute (CFI) is an excellent resource for those seeking to improve their investment analysis skills. The course provides a thorough grounding in accounting principles, financial planning, and strategic planning across multiple industries.
Pros
One of this course’s key strengths is its comprehensive financial analysis coverage. Learners get an opportunity to understand the basics of accounting principles, financial modulation, and strategic planning across various industries.
Another advantage is the practical approach adopted by the course. The course uses assessments and quizzes that challenge learners to apply the concepts they’ve learned.
Cons
While the course has received positive reviews, it’s not without its potential drawbacks. The course may be a bit challenging for those who are new to data analysis and do not have a basic understanding of finance.
What I Liked
I really liked the broad approach taken, with skills applicable to any industry. CFI is an absolute leader in the field, and that came across in the well-structured and easy-to-follow content.
Pricing
The self-study program is