Welcome to the Financial Modeler's Corner (FMC), where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by the Financial Modeling Institute (FMI), the most respected accreditation in Financial Modeling globally.

In today’s episode, Paul engages in a conversation with Scott Rostan, Founder of Training The Street.

Scott found his passion for finance with his dedication to teaching and has been driving innovation in financial training ever since. As CEO of Training The Street and as an adjunct professor at UNC Kenan-Flagler Business School, he inspires the next generation of finance professionals

Through his leadership as CEO of Training The Street, Scott has reshaped the landscape of financial education, equipping individuals with the skills and knowledge needed to thrive.

In this episode, expect to learn:

The significance of technical skills, such as financial modeling, accounting, and Excel proficiency, in the finance industry
How specialized training programs can help individuals enhance their financial knowledge and technical abilities
The evolving role of AI in finance and how it complements human expertise rather than replacing it
The balance between technical proficiency and interpersonal skills to excel in their careers
How individuals can build trust with clients, colleagues, and stakeholders, ultimately contributing to the integrity and credibility of the finance profession.

Quotes: 

“It's really easy to start throwing stuff together and writing a nasty old nested if formula or whatever it might be, but that doesn't always mean it's clean or effective or meets those requirements we talk about.”

“And when you get good with the prompt engineering typing, questions, and answers, you can get a lot more productive and faster.”

“It's not ideal because circular references can make your model more complex and harder to understand, but in certain situations, they're necessary for accuracy.”

“If you just blindly took the financial information from this database, it could be off by a big factor. So again understanding what's going on, understanding the nuance, understanding the limitations is going to be much more valuable.”

“They're going to trust you and value you to distill what's important and then present it in an easy-to-digest way so that they can understand in simple terms what is happening. The analysis comes from the model, but the story is going to come from you.”

Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’.

Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register. 

Go to https://earmarkcpe.com, download the app, take the quiz and you can receive CPE credit. 

Follow Scott:   

LinkedIn - https://www.linkedin.com/in/scott-rostan-86b44417a
Website - https://trainingthestreet.com/

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Website - https://www.thefpandaguy.com/  
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In today’s episode: 

[00:45] Introduction;

[01:00] Scott’s horror story of the worst Financial Model;

[01:58] The KISS principle;

[03:53] Scott’s...

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