How has the financial modeling industry changed in the past 10 year?
Answer: Over the past ten years, computers have really taken over the financial modeling industry. The Internet has brought information and data, in almost real time, to people’s finger tips. Research happens very quickly. Data and news is analyzed within hours of its being reported, and models are quickly run to account for the long-run impact of changes on the business, and businesses are either punished or rewarded based on the outcome of financial models. And, of course, financial models have become a lot more complex and sophisticated, and in many instances, have jumped from Excel to complex computer programs that have live data feeds and spew out reports when certain triggers are hit. So, financial modeling has evolved leaps and bounds, and if anything, is more important today than before
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