Functional training in Excel modeling for commercial real estate analysis is more important and provides a much higher return on investment than some might think.
Here’s the math for employers:
Let’s say you have 5 analysts, and the Excel modeling training makes them 10% more efficient by helping them to work faster and avoid making mistakes. If each analyst works 2,000 hours a year (as calculated by 40 hours per week * 50 weeks per year), then each analyst is helping the company achieve an additional 200 hours of productivity per year. Multiplied by 5 that’s 1,000 hours of increased productivity, or the equivalent of having hired another analyst working 50% of the time.
Think about this the next time you are about to say “there’s no time or money” to train your valuable employees.