Sometime ago I bought the BIWS Financial Modeling Fundamentals course. I didn't really look at it until school ended (didn't have time during exam weeks/end of semester). I already completed many of the lessons and I thought I would give a brief review of the course.
The course is divided into many topics, such as basic accounting,models, Valuation, Mergers models...etc etc. Each topic has many different lessons, each covering an aspect of the topic. A typical lesson consists of a video, some sort of reference material and excel sheets.
What I really like:
- Brian takes time to explain the things he does. Rather than saying things like "copy this into the cell here", he would actually explain why he was doing so & the concept behind it.
- He frequently uses analogies to explain the financial concepts, which I find very helpful.
- You can access the videos online for life and you can download the videos onto your own hard drive.
- Below every video, you can ask questions and, judging by the previous questions, the BIWS team responds very quickly and with great detail.
- At the end of every topic, Brian dedicates one lesson (one video) on possible interview questions and how you should tackle them.
- I think they lowered their price. When I first become aware of BIWS, the fundamentals course was $197. Now it's just $97.
Somethings to be aware of:
- I feel like this course is designed for someone who has at least SOME financial knowledge. Brian does go through basic accounting (e.g. what is an accounts receivable) in the beginning, but I think it's a lot easier if you actually took some basic accounting courses in school. Thus, if you are a complete noob, read some accounting stuff before you take the course.
- Someone mentioned before that Brian incorporates the course into the modeling course. However, I don't think that's the case. The course is a separate course that you must purchase.
It's only been a couple of weeks since I bought this course. I can safely say that I did indeed learn quite a bit. I already knew a lot of the basic stuff so perhaps that's why the course was easier for me. I haven't watched the mergers/stuff yet, which I assume would be much harder.