How important is technology in the financial modeling industry? Do financial modeling professionals use the internet, computers, etc.?

Financial ModelingQuestion: How important is technology in the financial modeling industry? Do financial modeling professionals use the internet, computers, etc.?

Answer: Technology is important to a point, and not beyond. This may sound too bold a statement with everyone leaping on the technology band wagon nowadays. The reality is you do need a computer, you do need to be very familiar with using Excel, and ideally Word, Outlook and PowerPoint (or equivalent programs in other operating systems), and you must be comfortable using the Internet to get data on the industry, competitors, comparable financials, etc. But beyond being a basic user of technology, you do not need more in depth experience with technology. The old tools of paper, pen and perhaps a handheld calculator, have been replaced by a computer screen, a keyboard and applications such as Excel. Models can still be developed on a sheet of paper (a handheld calculator would be nice) but our world is moving towards technology, and so must you.

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