Power BI, Python, and Excel: Why Finance Students Must Learn These Tools at Imperial School of Banking and Management Studies
Introduction: The Evolving Role of Finance Tools in Business Education
Data has become increasingly important in the finance world. Today, data is not just part of the job; it is the job. Financial practitioners today must be able to understand numbers, interpret them, visualise them, and make informed decisions based on them. That is where advanced financial tools come into play. Power BI, Python, and Excel, among others, are now increasingly available. From automating reports and building predictive models to creating dashboards, advanced financial tools are transforming the finance landscape. To meet this industry expectation, the Imperial School of Banking and Management Studies in Pune has incorporated these tools into our PGDM curriculum, making it one of India’s most future-ready business schools.
Why Finance Students Must Learn Power BI, Python, and Excel
Relevance of Finance Tools in the Industry
Finance professionals are no longer limited to basic spreadsheets or traditional reports. With the rise of big data and automation, roles such as financial analyst, risk analyst, equity researcher, and investment banker require proficiency in advanced financial tools. The ability to analyse vast datasets, automate repetitive tasks, and present clear insights is crucial.
Learning finance tools like Power BI, Python, and Excel equips students to meet real-world demands. It enhances their efficiency and accuracy and prepares them for data-driven roles.
Comparative Table – Traditional vs Modern Finance Tools
Finance Skillset | Traditional Approach | Modern Approach with Tools |
Data Analysis | Manual calculations | Python for automation |
Visualization | Static graphs | Power BI dashboards |
Reporting | Excel sheets | Interactive Excel + Power BI |
Forecasting & Modelling | Intuition-based | Predictive analytics with Python |
These modern financial tools enable faster decisions, greater accuracy, and more informed insights. At Imperial, this transformation is embedded in the teaching process.
Python for Finance Students: Automating Analysis and Enhancing Accuracy
Python is quickly becoming the go-to language in the financial world. It simplifies complex tasks, from creating algorithms for trading to automating data analysis. Python opens the door to advanced analytics, forecasting, and backtesting strategies for finance students.
At Imperial, Python is taught in the Semester 2 module “Python for Finance.” Students learn to clean data, automate spreadsheets, build analytical models, and interpret large datasets. Real-world projects and financial simulations give them hands-on experience, making them job-ready.
Python isn’t just an added skill for finance students—it’s a necessity in the data-first financial ecosystem.
Excel in Finance: The Backbone of Financial Modelling
Despite the rise of new tools, Excel remains one of the most used platforms in finance. It’s reliable, robust, and familiar. Budgeting, forecasting, financial statement analysis, and company valuation often start on an Excel sheet.
The Imperial School of Banking and Management Studies introduces Excel in Semester 2 and then takes students to an advanced level in Semester 3. Courses such as Managerial Accounting and Advanced Excel ensure that students are proficient in formulas, pivot tables, macros, and the integration of Power BI and Python.
Tip Box: 5 Advanced Excel Skills Finance Students Must Master
- Financial statement modelling
- Creating dynamic dashboards
- Using macros and automation
- Scenario and sensitivity analysis
- Data visualization using charts and graphs
Mastering Excel is not about knowing every function but about using it smartly to solve complex financial problems.
Power BI in PGDM: Visualizing Financial Insights Effectively
Power BI is a game-changer in financial reporting. It helps professionals turn raw data into rich visuals for better decision-making. Whether tracking investment portfolios or preparing performance dashboards, Power BI makes finance more interactive.
At the Imperial School of Banking and Management Studies, Power BI is taught in Semester 3 as part of the module “Advanced Excel and Power BI.” Students learn to connect data sources, transform raw data, and build interactive dashboards. This hands-on training ensures that students can effectively present financial insights to both technical and non-technical stakeholders.
Learning Power BI in PGDM is crucial for students aspiring to roles in business analytics, financial consulting, and investment banking.
Analytics in Finance: Bridging Theory and Data-Driven Practice
Analytics in finance is no longer a niche area. It is now a core function in every significant financial organisation. Companies seek analysts who can forecast trends, assess risk, and propose data-driven strategies.
Imperial recognises this and has deeply embedded finance tools into its analytics modules. Courses such as Financial Modelling and Valuation, Artificial Intelligence in Finance, and Investment Research equip students with data-centric problem-solving skills.
The school also offers value-added certifications from KPMG and NISM to enhance student employability further.
How Imperial School of Banking and Management Studies Prepares You for the Future of Finance
The Imperial School of Banking and Management Studies’ curriculum strikes a balance between theoretical knowledge and practical skills. From Day 1, students are introduced to live projects, financial simulations, and industry challenges.
They also benefit from:
- International Edu-Tours to Malaysia
- Placement preparation programs
- Certification courses from leading institutions
- Real-time investment research projects
This focus on experiential learning ensures that students are not just job seekers but job creators. The school’s strong placement record and AICTE-approved PGDM curriculum make it a leading choice for finance aspirants in India.
Frequently Asked Questions (FAQs)
- Why is Python important for finance students?
A. Python enables automation, risk modelling, and large-scale data analysis. - Is Power BI included in the PGDM course at Imperial?
A. Yes, in Semester 3, along with Excel under “Advanced Excel & Power BI.” - How is Excel still relevant in today’s finance world?
A. Excel is crucial for modelling, budgeting, and integration with other tools. - Does Imperial offer certification for these tools?
A. Yes – KPMG, IIM, NI,SM and more. - How do analytics help finance professionals?
A. Analytics allow better forecasting, portfolio analysis, and strategic decisions.
Conclusion: Your Finance Career Starts with the Right Tools
In today’s competitive financial industry, knowing how to utilise advanced tools is just as crucial as understanding fundamental financial concepts. Power BI, Python, and Excel are not just add-ons but essentials.
Imperial allows students to master these finance tools through a thoughtfully designed, industry-aligned PGDM program. With global exposure, industry certifications, and a strong academic framework, it’s the perfect launchpad for your career in finance.
Apply now to join a program that empowers you with the right tools, knowledge, and confidence to thrive in the financial world.