Financial Modeler's Corner

Epizode

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  AI, Excel and the Changing Role of Financial Modelers with Danielle Stein Fairhurst 06.10.2026 49min

  In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Danielle Stein Fairhurst to discuss how AI is changing financial modeling, why modelers need to keep learning, and how dynamic arrays are shaping the future of Excel. Danielle also shares her thoughts on model design, AFM exam preparation, and why strategic thinking still matters in an AI-driven world.Danielle Stein Fairhurst is the Principal Financial Modeling Specialist at Plum Solutions, a Microsoft Excel MVP, Master Financial Modeler with the Financial Modeling Institute, LinkedIn Learning instructor, and internationally recognized financial modeling trainer and speaker. She is also the author of Financial Modeling in Excel For Dummies and Using Excel for Business and Financial Modelling.Expect to Learn:How AI is changing financial modeling.Why modelers should not outsource all their thinking to AI.How dynamic arrays are changing Excel modeling.What it takes to prepare for the AFM exam.Why simplicity and strong model design still matter.Here are a few relevant quotes from the episode:“AI is already building financial models, and that is quite terrifying to me.” - Danielle Stein Fairhurst“I think it’s important that we just sit down and think strategically about what we want, rather than outsourcing all of your creativity and all of your thinking to AI.” - Danielle Stein FairhurstDanielle explains that AI can now handle many technical tasks that once required significant modeling expertise. She believes modelers should embrace these tools while still relying on their own judgment, creativity, and strategic thinking.Follow Danielle:LinkedIn: https://www.linkedin.com/in/daniellesteinfairhurstFollow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWDisclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration that has undergone human editorial review. In Today's Episode:[00:00] - Trailer[05:19] - AI and the Future of Financial Modeling[08:30] - Financial Modeling Pet Peeves[10:21] - Updating Courses with AI[15:34] - Lessons From Danielle’s Pilgrimage[18:26] - AI Building Financial Models[27:30] - Training vs. Real-World Modeling[31:01] - Preparing for the AFM Exam[35:35] - Dynamic Arrays in Financial Modeling[40:24] - Lessons From Past Models[44:47] - Rapid Fire: Excel & Modeling[48:41] - Closing Thoughts
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  Poker, Probability, and Financial Modeling with Dan Mayoh 29.09.2026 46min

  In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Dan Mayoh to discuss his career in financial modeling, lessons from model auditing, and why he sees Excel as one of the world’s most accessible programming languages. Dan also shares how mathematical modeling, poker, and probability have shaped his approach to risk and decision-making under uncertainty.Dan Mayoh is the Founder and CEO of Fintega Pty Ltd and a financial modeling and spreadsheet specialist with more than 15 years of experience. With a background in actuarial studies, Dan began his career in model auditing before moving into financial modeling and consulting. He also placed second in the inaugural ModelOff competition and was an early CFM holder with the Financial Modeling Institute.Expect to Learn:Why Excel can be viewed as a programming language.What model auditing teaches you about model design.How Modeloff helped Dan grow as a modeler and consultant.How mathematical modeling helps quantify risk and uncertainty.Why good decisions should not be judged only by outcomes.Here are a few relevant quotes from the episode:“Excel is really just the most accessible programming language in the world.” - Dan Mayoh“Sometimes you win. Sometimes you lose, even when you make the right decision.” - Dan MayohDan explains that strong financial modeling goes beyond formulas and functions. Structure, navigation, error checks, usability, and designing around the end user all play an important role in creating models that are easier to understand, update, and trust.Follow Dan:LinkedIn: https://www.linkedin.com/in/dan-mayoh-255227/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWDisclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration that has undergone human editorial review.In Today's Episode:[00:00] - Trailer[03:40] - Dan’s Financial Modeling Journey[06:05] - Building a Career in Financial Modeling[12:14] - Modeling as Software Development[15:09] - Financial Modeling Horror Stories[19:19] - Lessons From Model Auditing[22:03] - Competing in ModelOff[27:39] - Mathematical Modeling of Games[32:04] - Modeling Risk in Real-World Projects[35:13] - Decision-Making Under Uncertainty[40:53] - Rapid Fire: Excel & Modeling[44:22] - Closing Thoughts
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  Financial Modeling, Deal Making, and the Skills Every Analyst Needs with Oren Klaff 22.09.2026 20min

  In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Oren Klaff, Private Equity Fund Manager and bestselling author of Pitch Anything, to discuss how financial modeling can support deal-making, investment decisions, and career growth. Oren shares how modeling helped him move from financial analyst to dealmaker.Oren Klaff is a Private Equity Fund Manager and the author of Pitch Anything. He began his career as a financial analyst in private equity before moving into deal-making and capital raising. Financial modeling has remained central to how he evaluates businesses and structures deals.Expect to Learn:How modeling can lead to deal-making and capital raising.Why identifying key sensitivities matters more than finding errors.How modelers can become trusted business partners.Why simple, structured models are more useful.How financial insight can help move deals forward.Here are a few relevant quotes from the episode:“The shortest path to high status is finding something wrong.” - Oren Klaff“Your job is to make the future feel more certain.” Oren KlaffOren explains that strong modelers do more than build spreadsheets. They identify the assumptions that drive outcomes, communicate insights clearly, and help decision-makers find practical ways to make deals work.Follow Oren:LinkedIn: https://www.linkedin.com/in/orenklaff/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWDisclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review.In Today's Episode:[04:00] - From Modeling to Deal-Making[06:08] - Creating Business Insight[08:38] - Finding Sensitive Assumptions[09:38] - How Analysts Build Trust[10:58] - Reviewing Models Without Creating Conflict[14:41] - Structuring Better Deals[18:23] - Real-World Deal Applications[20:13] - Closing Thoughts
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  Building AI for the Top 1% of Excel Users with Peter Fuller 15.09.2026 50min

  In this episode of Financial Modeler’s Corner, the Mod Squad, Ian Schnoor, Giles Male, and Paul Barnhurst, speak with Peter Fuller about AI-powered financial modeling and the rapidly changing future of Excel. Peter shares how Tracelight evolved from an AI-for-Excel tool into a broader AI workspace for professionals in finance and consulting.Peter Fuller is the Co-Founder and CEO of Tracelight, based in London, England. Before founding Tracelight in 2024, he was an early-stage venture capital investor at Entrepreneurs First and spent five years at McKinsey, including time with QuantumBlack, McKinsey’s AI practice. His background combines finance, consulting, venture capital, AI, and financial modeling.Expect to LearnHow Tracelight evolved from an AI-for-Excel tool.Why specialized AI tools can compete with larger platforms.How AI orchestration is changing financial modeling.Why enterprise AI adoption is accelerating.How AI could transform the role of financial modelers.Here are a few quotes from the episode:"The needs of the top 1% of users are different from the needs of the other billion people using Excel." - Peter Fuller "The amount of value that you'll be able to add in the world is now just increasing exponentially." - Peter Fuller Peter explains why he sees AI as an opportunity for financial modelers rather than simply a threat. As AI becomes more capable, he expects modelers to move beyond manually building spreadsheets and toward creating models that become a persistent part of how businesses operate. Follow Ian:LinkedIn - https://www.linkedin.com/in/ianschnoor/Follow Giles:LinkedIn - https://www.linkedin.com/in/giles-male-30643b15/Follow Peter:LinkedIn - https://www.linkedin.com/in/peter-fuller-/Disclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review. In Today's Episode: [00:00] - Trailer & Introduction [03:40] - Building AI for Excel [07:14] - Competing With Big AI Labs [11:27] - Tracelight's Strategy [15:30] - Tracelight's Core Customers [16:23] - AI Harnesses & Orchestration [19:32] - The Future of AI Models [22:10] - Multi-Model AI Workflows [27:44] - Enterprise Growth & User Love [33:32] - The Tracelight Platform [43:03] - Excel, AI & The Future of Modeling [47:13] - The Future of Financial Modelers
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  Pitch Anything's Oren Klaff: From Spreadsheet to Deal Table 08.09.2026 49min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Oren Klaff about how financial modeling can become a powerful tool for deal-making, investment decisions, and career growth. Oren explains why modelers should focus on identifying key sensitivities, communicating insights effectively, and helping buyers and sellers find ways to make deals work rather than simply pointing out flaws.Oren Klaff is a Private Equity Fund Manager and the bestselling author of Pitch Anything. Based in Beverly Hills, California, he focuses on recruiting smart people to join his portfolio companies. Oren began his career as a financial analyst in private equity before moving into deal-making and capital raising. His experience in financial modeling has played a key role in his approach to deal-making and raising capital.Expect to Learn:How financial modeling can help you transition into deal-making and capital raising.Why identifying sensitive assumptions is more valuable than simply finding errors.How analysts can avoid antagonizing other parties and instead help move deals forward.What makes a financial model professional, usable, and trustworthy.Why simplicity and structure matter when building models for business users.Here are a few relevant quotes from the episode:"Excel will never die. Rock and roll will never die, and Excel will never die." - Oren Klaff"The shortest path to high status is finding something wrong." - Oren KlaffOren explains that the real value of a modeler goes beyond building technically complex spreadsheets. The best modelers help decision-makers understand what matters, communicate uncertainty, and find practical ways to move a deal forward. A strong model should also be simple enough for business users to operate and robust enough to withstand scrutiny.Join FMI’s Global Conference:Take your financial modeling skills to the next level with FMI’s Global Financial Modeling Conference. Experience 24 hours of learning, networking, and practical insights from leading experts across the finance community.Register today: https://fminstitute.com/conference/Follow Oren:LinkedIn: https://www.linkedin.com/in/orenklaff/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWDisclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review.In Today's Episode:[00:00] - Trailer[05:20] - Finding Insight in the Numbers[07:28] - Moving From Analyst to Deal Maker[10:58] - Using Modeling Without Antagonizing the Other Side[15:26] - Price, Terms, and Making Deals Work[20:11] - Real-World Applications of Modeling in Deals[23:24] - Modeling Horror Stories & What Good Models Look Like[31:25] - Building Models That Help Raise Money[35:20] - Storytelling With Numbers[40:13] - Pitch Anything and the Role of Status[43:24] - Rapid Fire: Excel, AI, Sensitivity Analysis & More[44:53] - Final Advice for Advancing Your Modeling Career
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  Why AI Makes Financial Modeling Best Practices More Important with Marli van Staden-Basson 01.09.2026 53min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Marli van Staden-Basson about best-practice financial modeling, AI, model design, and the skills needed to build reliable models. Marli explains why transparency, usability, and risk management matter, and how AI makes strong modeling practices even more important.Marli van Staden-Basson is the founder and financial modeling specialist at Near Future Limited, with over 20 years of experience in corporate and infrastructure finance. She specializes in renewable energy and digital infrastructure modeling, including complex model development and independent model audits.Expect to Learn:What best-practice financial modeling really means.Why model design and transparency are so important.How AI is changing financial modeling.Common modeling mistakes and practices to avoid.How to design models around the people who use them.Why human review remains essential when using AI.Here are a few relevant quotes from the episode:"You are still the last line of defence as the human modeler." - Marli van Staden-Basson"A good financial model should really be doing a single thing." - Marli van Staden-BassonAI can make modeling faster, but Marli explains why it does not replace good modeling practices. Clear design, purposeful structure, checks, and human judgement remain essential for creating models that are reliable and easy to review. Follow Marli:LinkedIn: https://www.linkedin.com/in/marli-van-staden-basson-7119ba28/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Disclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review. Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today's Episode:[00:00] - Trailer[03:29] - Building a Career in Financial Modeling[07:18] - Breaking the Modeler Stereotype[10:54] - Financial Modeling Horror Stories[18:49] - Starting a Financial Modeling Consultancy[24:28] - AI and Best-Practice Modeling[30:26] - Why Model Design Matters[37:07] - Tips for Building Better Models[41:23] - Worst Modeling Practices to Avoid[47:43] - Excel Rapid Fire[51:05] - AI and the Future of Modeling
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  What Separates an Excellent Financial Modeler From a Technically Good One with Diarmuid Early 25.08.2026 49min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Diarmuid Early about what separates great financial modelers from technically capable ones, the rise of AI in financial modeling, and why judgment remains essential. Diarmuid shares lessons from his career, his experience as a three-time World Financial Modeling Champion, and why understanding what a model actually means matters more than simply building it correctly.Diarmuid Early is the founder of Early Days Consulting, a data analytics and financial modeling consultancy. He previously worked at Boston Consulting Group and spent nearly a decade in Deutsche Bank’s Origination and Advisory division. He holds a PhD in computer science and is a three-time World Financial Modeling Champion, Excel MVP, and Master Financial ModelerExpect to Learn:Why great modelers think beyond simply building the modelHow assumptions and business understanding drive valuable financial modelsWhere AI currently fits into financial modelingWhy AI-generated models still require careful human reviewWhy continuous learning remains essential for financial modelersHere are a few relevant quotes from the episode:“The hard part is getting everybody aligned. What are the assumptions?” - Diarmuid Early“There is a smart way to do it. And so if you're banging your head against it, go find the smart way.” - Diarmuid EarlyAI will continue to take on more of the technical work involved in financial modeling, but speed alone does not make a model useful or reliable. Strong modelers will continue to stand out through their ability to develop credible assumptions, interpret results, exercise judgment, and understand the decisions a model is meant to support. Follow Diarmuid:LinkedIn: https://www.linkedin.com/in/diarmuidearly/YouTube: https://www.youtube.com/@dimearlyFollow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Disclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review. Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today's Episode:[00:00] - Trailer[03:31] - Diarmuid’s Journey Into Financial Modeling[06:00] - Financial Modeler Stereotypes[08:20] - Career Advice for Aspiring Modelers[12:46] - Financial Modeling Competitions[14:59] - Consulting, Coaching, and Career Evolution[18:25] - Meeting Microsoft CEO Satya Nadella[21:08] - AI and the Future of Financial Modeling[25:41] - Why AI-Generated Models Still Need Review[31:09] - Financial Modeling Standards and Best Practices[35:19] - Diarmuid’s Most Challenging Modeling Case[39:28] - Excel Shortcuts and Modeling Tools[41:38] - Rapid-Fire Modeling Questions[46:01] - Continuous Learning and Final Advice
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  Can Financial Modelers Trust AI to Build Reliable Models? with Ryan Humphrey 18.08.2026 22min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Ryan Humphrey about financial model auditing, the skills strong modelers need, and how AI is changing the profession. Ryan explains why communication, judgment, and independence matter alongside technical ability. He also shares how model audits work, why poorly structured models create risks, and how AI could shift financial modelers from building models toward reviewing and refining them.Ryan Humphrey is a Partner at Forvis Mazars in London, specializing in financial model audits, including accounting and tax reviews. A qualified chartered accountant, he contributed to How to Review a Spreadsheet and co-authored Credible Model Audit for the AI Era. He is also conducting research with Cambridge University in sustainability leadership and is an advocate for the energy transition.Expect to Learn:Why communication is essential in financial modelingHow independent financial model audits support major investment decisionsWhy human judgment remains critical as AI improvesHow AI could shift financial modelers from building to reviewingWhy continuous learning is increasingly important in the AI eraHere are a few relevant quotes from the episode:“The model really is... a communication vector more than anything. It's about telling a story.” - Ryan Humphrey“What cannot be replaced is judgement.” - Ryan HumphreyAI is becoming increasingly capable of understanding and building spreadsheets, but credible-looking outputs can still contain errors. As AI takes on more of the technical building process, financial modelers will need to focus even more on judgment, review, communication, and understanding what a model is designed to accomplish.Follow Ryan:LinkedIn: https://www.linkedin.com/in/rchumphrey/Website: https://www.forvismazars.com/uk/en/users/our-team/ryan-humphreyFollow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today's Episode:[02:31] - Why Communication Matters in Financial Modeling[05:14] - Ryan’s Financial Model Audit Nightmare[08:29] - How Financial Model Audits Work[10:18] - What Model Auditors Actually Validate[12:50] - Essential Skills for Model Auditors[16:45] - How AI Is Changing Financial Model Audits[19:26] - The Risks of Credible-Looking AI Models[20:45] - Moving From Model Building to Model Reviewing[21:25] - Continuous Learning and Final Advice
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  AI Can Build the Model, But Can You Trust It? with Ryan Humphrey 11.08.2026 49min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Ryan Humphrey about financial model auditing, the skills strong modelers need, and how AI is changing the profession. Ryan explains why communication, judgment, and trust matter as much as technical ability. He also shares how model audits work, why poorly structured models create serious risks, and why finance professionals must continue developing their skills as AI takes on more of the building process.Ryan Humphrey is a Partner at Forvis Mazars in London, specializing in accounting, tax reviews, and financial model audits. A qualified chartered accountant, he co-authored Credible Model Audit for the AI Era and is currently researching sustainability leadership with Cambridge University.Expect to Learn:Why communication is essential in financial modelingHow independent model audits support better decisionsWhy human judgement remains critical in the AI eraHow AI may shift modelers from building to reviewingWhy trust and continuous learning are becoming more valuableHere are a few relevant quotes from the episode:"The model really is a communication vector more than anything. It is about telling a story." - Ryan Humphrey"Trust becomes so important because things can look right very quickly, even when they are not." - Ryan HumphreyAI may make financial models faster to build, but it also makes careful review more important. The future belongs to professionals who can combine technical knowledge with judgement, communication, and trusted decision-making.Follow Ryan:LinkedIn: https://www.linkedin.com/in/rchumphrey/Website: https://www.forvismazars.com/uk/en/users/our-team/ryan-humphreyFollow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Disclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review.Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today's Episode:[00:00] -Trailer[05:16] - Why Communication Matters[06:45] - AI and the Future of Modeling Careers[08:50] - Ryan’s Model Audit Nightmare[12:26] - How Financial Model Audits Work[17:36] - Essential Skills for Model Auditors[21:35] - How AI Is Changing Model Audits[27:54] - The Growing Importance of Trust[32:34] - Why Continuous Learning Matters[37:30] - Excel Preferences and Shortcuts[41:30] - Rapid-Fire Modeling Questions[47:35] - Final Advice for Financial Modelers
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  AI vs. Financial Modeling World Champion: Who Wins, and What Can We Learn from It 04.08.2026 54min

  In this episode of The ModSquad, Paul Barnhurst, Giles Male, and Ian Schnoor are joined by Excel and Financial Modeling World Champions Michael Jarman and Diarmuid Early to discuss a unique “man versus machine” financial modeling challenge.The group breaks down their experience testing AI against expert modelers using real financial modeling and Excel competition cases. They explore where AI performs well, where human judgment still matters, and what the future of financial modeling may look like as AI tools continue to improve.Expect to LearnHow AI compares against expert financial modelers in real-world challengesWhere AI adds value and where human judgment remains essentialWhy reviewing and validating AI-generated models is becoming more importantHow AI tools are changing the future role of financial modelersWhy strong modeling fundamentals still matter in an AI-driven worldHere are a few quotes from the episode:“AI can build something quick, but if you want it to be right, often the majority of the time is in checking it.” - Michael Jarman“The most interesting question is how do you get from something that works to something you actually feel confident in.” - Diarmuid EarlyAI is changing the way financial models are built, reviewed, and improved. While AI can increase speed and efficiency, the best results still come from professionals who understand modeling principles, question outputs, and apply human judgement. The future belongs to modelers who can combine technology with expertise.Follow Ian:LinkedIn - https://www.linkedin.com/in/ianschnoor/Follow Giles:LinkedIn - https://www.linkedin.com/in/giles-male-30643b15/Follow Michael Jarman:LinkedIn - https://www.linkedin.com/in/michael-jarman-excel/Follow Diarmuid Early:LinkedIn - https://www.linkedin.com/in/diarmuidearly/In today’s episode:[00:00] – Trailer [03:59] – Setting Up the Competition [09:50] – AI Competition Commentary [13:02] – Shortcut vs Human Results [16:17] – AI Review Agents [20:11] – Trusting AI Models [29:41] – Future of AI Agents [33:13] – Human Oversight in AI [41:27] – Real-World Modeling Challenges [45:54] – Beyond AI Prompting [47:50] – Future of Financial Modeling [53:20] – Closing Thoughts
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  Can Competition Make You Better at Finance? with Eric Kelley 28.07.2026 19min

  In this episode of Financial Modelers Corner, host Paul Barnhurst welcomes Dr. Eric Kelley, Finance Professor | Microsoft MVP (Excel), and one of the leading educators in financial modeling. Eric shares how his passion for teaching, mathematics, and financial markets led him into academia, and why developing scalable financial models starts with understanding the business before opening Excel.Dr. Eric Kelley is a Professor of Finance at the University of Tennessee's Haslam College of Business, a Microsoft Excel MVP, and Faculty Fellow with the Microsoft Excel Collegiate Challenge (MECC). He coaches the University of Tennessee's Excel eSports team, which won the 2024 MECC World Championship, and is passionate about using financial modeling and Excel eSports to prepare students for finance careers.Expect to Learn:Why communication matters as much as modeling skills.Building scalable financial models that last.Common financial modeling mistakes to avoid.How Excel eSports sharpens problem-solving.Why competition improves modeling skills.Here are a few relevant quotes from the episode:"Great financial modelers need strong oral communication skills because they must explain the story behind the model, not just build it." - Dr. Eric Kelley"You're not trying to solve a single problem, you're trying to build a system that can take flexible inputs and generate useful outputs." - Dr. Eric KelleyEric Kelley shares why financial modelers need more than technical skills, highlighting the importance of communication, problem-solving, and building scalable models. He also discusses how Excel eSports and hands-on learning are helping students develop real-world modeling skills for future finance careers.Follow Eric:LinkedIn: https://www.linkedin.com/in/ekkell/\University of Tennessee: https://haslam.utk.edu/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today's Episode:[00:00] - Introduction & Dr. Eric Kelley[02:10] - Eric’s Finance Journey[03:17] - The Top Modeling Skill[04:40] - Understanding Your Model[05:33] - Common Modeling Mistakes[08:03] - Excel eSports Explained[10:31] - Performing Under Pressure[11:51] - Coaching Excel Champions[14:22] - Excel eSports in Modeling[17:13] - Teaching with FMI Cases[18:57] - The Future of Financial Modeling
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  The Human Financial Modeler: AI insights from 60+ global experts 21.07.2026 47min

  In this episode of Financial Modeler's Corner, host Paul Barnhurst is joined by Ian Schnoor, Executive Director of the Financial Modeling Institute. They discuss the future of financial modeling in the age of AI, with a focus on how modelers are using AI today, where human judgment still matters, and what governance, ethics, and skill development look like going forward.Expect to Learn:Why communication skills are critical for financial modelersHow to build models as flexible systems instead of one-time solutionsHow Excel Esports helps students develop real-world modeling skillsHow competitions can improve financial modeling educationHere are a few quotes from the episode:"86% of the council members are using AI for modeling tasks" – Ian Schnoor"The shift, there will be a shift, of course, from construction to judgement" – Ian SchnoorIan Schnoor shares why AI should enhance, not replace, human expertise in financial modeling, emphasizing judgment, governance, and strong foundational skills. He also offers practical career advice for aspiring modelers and highlights why mastering the fundamentals remains essential in an AI-driven future. Follow Ian:LinkedIn - https://www.linkedin.com/in/ianschnoor/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today’s Episode:[00:00] –Trailer[03:25] – Ian’s Modeling Journey[06:20] – Building Modeling Skills[09:59] – Global Leadership Council Report[14:40] – AI Use in Financial Modeling[21:31] – Human Judgment in Modeling[26:09] – Trust and AI Governance[30:11] – Ethics and the Future of Modeling[44:14] – Final Thoughts on Modeling Careers
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  Building Financial Modeling Skills While Playing an E-Sport Game with Professor Eric Kelley 14.07.2026 45min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst sits down with Dr. Eric Kelley, finance professor, Microsoft Excel MVP, and financial modeling educator, to discuss how financial modeling education is evolving through Excel Esports and hands-on learning. Eric shares how he uses competitions, real-world cases, and structured modeling techniques to help students build stronger financial modeling skills, think in systems, and create models that support better decision-making.Dr. Eric Kelley is a finance professor at the University of Tennessee’s Haslam College of Business, where he teaches finance at the undergraduate, MBA, and PhD levels. He is a Microsoft Excel MVP and faculty fellow with the Microsoft Excel Collegiate Challenge. Eric focuses on developing integrated financial modeling education, helping students build scalable models through innovative techniques and competitive Excel-based learning.Expect to Learn:Why communication skills are critical for financial modelersHow to build models as flexible systems instead of one-time solutionsHow Excel Esports helps students develop real-world modeling skillsHow competitions can improve financial modeling educationHere are a few quotes from the episode:"At the end of the day, we've got to be able to communicate. We've got to be able to tell stories." - Eric Kelley"You're not trying to find a loan payment. You're trying to build a system that is going to take in a flexible set of inputs and generate a loan payment as an output." - Eric KelleyEric Kelley shares how financial modeling education can move beyond traditional instruction by combining technical skills, communication, and competitive problem-solving. Through Excel Esports and structured case-based learning, he helps students understand that strong models are not just about getting the right answer, but about building systems that can adapt, scale, and support decisions.Follow Eric:LinkedIn: https://www.linkedin.com/in/ekkell/Youtube: https://www.youtube.com/@erickelley5900Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today’s Episode:[00:00] – Trailer[04:33] – The Importance of Communication Skills[09:12] – Discovering Excel Esports[11:35] – Competing Under Pressure[13:01] – Coaching Future Financial Modelers[16:36] – Bringing Financial Modeling Into the Classroom[23:51] – Building Excel Esports Cases[32:00] – Students’ Biggest Modeling Breakthroughs[36:23] – Advice for Aspiring Modelers[38:10] – Excel Rapid Fire Questions[43:33] – Final Advice on Learning Financial Modeling
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  AI Financial Modeling Test for Finance Pros to Understand the Limitations Using Real Tool Comparison 07.07.2026 38min

  In this episode of The Mod Squad, Paul Barnhurst, Ian Schnoor, and Giles Male put today's leading AI tools to the test in a live financial modeling "bake-off." Using the same modeling case and prompts, they compare ChatGPT, Claude, and Copilot to see how well each tool builds a financial model. The discussion highlights the progress AI has made, where it still falls short, and why financial modeling expertise remains essential.Expect to Learn:How ChatGPT, Claude, and Copilot perform on the same financial modeling taskThe strengths and weaknesses of AI-generated financial modelsWhy AI-generated models still require careful review and testingHow custom instructions and skills can improve AI outputsWhy financial modeling knowledge is still critical in an AI-driven worldHere are a few quotes from the episode:"People are trying to do their jobs and keep up with AI at the same time. It's exhausting." – Ian Schnoor"AI is a magnifier, not a replacement for financial modeling skills." – Paul BarnhurstAI is powerful, but it is not a shortcut to quality work. It still needs guidance, structure, and strong fundamentals. The people who benefit most are those who understand both the tools and the work behind them. For now, the best approach is simple: test it, guide it, and never trust it blindly.Follow Ian:LinkedIn - https://www.linkedin.com/in/ianschnoor/Follow Giles:LinkedIn - https://www.linkedin.com/in/giles-male-30643b15/In today’s episode:[00:00] – Trailer[03:30] – AI Fatigue & Keeping Up[05:48] – The Modeling Challenge[08:41] – ChatGPT Results[17:57] – Claude Results[27:33] – Copilot Results[30:36] – Human Review Still Matters[33:18] – How AI Has Improved[36:10] – Better Results with Custom Skills[37:08] – Final Verdict & Key Takeaways
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  Spatial Finance: How Satellite Data Is Enhancing Financial Models, with Jorge Rojas 30.06.2026 47min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst sits down with Jorge Rojas, finance professor, consultant, and Advanced Financial Modeler, to explore how emerging technologies are reshaping financial modeling. Jorge shares insights from his latest research on spatial finance and Earth observation data, explaining how satellite imagery, AI, and alternative data sources are transforming forecasting, investment analysis, ESG reporting, and risk management. Jorge Rojas is a finance professor, consultant, CFA Charterholder, and Advanced Financial Modeler (AFM) with a PhD in Finance from Tulane University, where he also serves as an Adjunct Professor. He has taught finance across the United States, Europe, Asia, and Latin America, and is the author of several books on corporate finance, risk management, and financial modeling Expect to Learn:How satellite data can improve financial forecastingWhy Monte Carlo simulation is useful for decision-makingPractical applications of spatial financeTips for building reliable financial modelsAdvice for developing your financial modeling skillsHere are a few quotes from the episode:"Most useful financial models should be forward-looking and based on current information." - Jorge Rojas"Build your model as automated as possible. It takes more time upfront, but it will save you time later." - Jorge RojasJorge Rojas shares practical insights on building stronger financial models by combining sound modeling principles with modern data sources and risk analysis techniques. Whether you're new to financial modeling or an experienced professional, this episode offers valuable lessons to help you make better-informed financial decisions. Follow Jorge:Linkedin: https://www.linkedin.com/in/jorgerojasphdcfa/Company: https://orcid.org/0009-0002-4136-7995Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today’s Episode:[00:00] – Trailer[03:08] – Financial Modeling Horror Story[04:35] – Why Jorge Enjoys Teaching[07:38] – CFA & AFM Certifications[12:18] – Introduction to Spatial Finance[17:01] – Satellite Data in Finance[25:41] – Monte Carlo Simulation[32:20] – Modeling Agricultural Risk[37:57] – Rapid Fire Questions[45:29] – Advice for Financial Modelers
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  AI in Financial Modeling: Better Than Ever, Still Not There, and the Fatigue Factor 23.06.2026 1h 6min

  In this episode of The Mod Squad, Paul Barnhurst, Ian Schnoor, and Giles Male share their real experiences using AI in financial modeling. They discuss what works, what doesn’t, and how finance professionals can best use AI today. From testing different AI tools to running a “bake-off” on a real financial model, the conversation highlights the practical challenges, hallucinations, and creative approaches to working with AI in FP&A. Expect to LearnWhere AI actually adds value in modeling and finance workflowsWhy AI outputs still need careful checking and guidanceHow different AI tools compare when building real modelsWhy instructions, structure, and human oversight improve AI resultsHere are a few quotes from the episode:“Most companies don’t have AI governance yet, and that’s where real risk comes in.” - Ian Schnoor“Automation is great, but you still need to audit and understand every step.” - Giles Male AI is powerful, but it is not a shortcut to quality work. It still needs guidance, structure, and strong fundamentals. The people who benefit most are those who understand both the tools and the work behind them. For now, the best approach is simple: test it, guide it, and never trust it blindly. Follow Ian:LinkedIn - https://www.linkedin.com/in/ianschnoor/Follow Giles:LinkedIn - https://www.linkedin.com/in/giles-male-30643b15/In today’s episode: [00:05] – Trailer[03:06] – AI Progress Update[05:00] – Mental Load & AI Pace[08:03] – Busting AI Hype[12:30] – Training & Business Demands[17:57] – AI “Eye of the Storm”[24:13] – Testing AI Models[30:52] – Fixing vs Building AI Models[35:15] – Challenging Misleading AI Claims[38:41] – Improving AI with Instructions[42:59] – Final Thoughts & Takeaways
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  The Language and Excel Problem Stopping AI from Fixing Financial Modeling with John Yeldham 16.06.2026 18min

  In this episode of Financial Modelers Corner, Paul Barnhurst talks with John Yeldham, founder of Lodeum, about building trust in Excel models, standardizing modeling language, and creating modular, scalable models. John shares his experience leading financial modelers and using advanced Excel features like Lambda functions and dynamic arrays. Expect to Learn:Standardize language to improve clarity and collaborationUse modular blocks to make models understandable and trustedLeverage advanced Excel functions carefully for scalable, auditable modelsOnline training through Lodeum allows flexible global learningHere are a few quotes from the episode:"If standards could be introduced for language, it allows financial modeling knowledge to be shared and scaled beyond individual experts." - John Yeldham"The role of a modeler is evolving from just churning out numbers to creating reusable, understandable modules." - John YeldhamJohn provides actionable strategies for financial modelers to improve clarity, scalability, and trust in their work while leveraging advanced Excel techniques and modular design principles. This episode is a must-listen for anyone looking to elevate their modeling skills and build reusable frameworks for complex financial analyses. Follow John:Company: https://www.linkedin.com/company/lodeum/LinkedIn: https://www.linkedin.com/in/johnyeldham/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today’s Episode:[02:14] – Worst Model Horror Story[04:09] – Communication & Language Challenges[11:55] – Standardizing Language & AI Integration[14:43] – Online Training & Lodeum Platform[24:25] – Lambda Functions & Dynamic Arrays[39:42] – Rapid Fire Opinions[16:32] – Advice for Becoming a Better Modeler[18:07] – How to Connect
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  The Critical Role of Communication and Standard Definitions in Financial Modeling with John Yeldham 09.06.2026 51min

  In this episode of Financial Modeler’s Corner, Paul Barnhurst sits down with John Yeldham, a leading expert in financial modeling and founder of Lodeum, a global online financial modeling training platform. John shares his experience leading and training teams of financial modelers across corporate and project finance, and discusses the importance of standardizing language, modular model design, and building trust in complex Excel models.John Yeldham has 20 years of experience leading and training financial modeling teams in project and corporate finance, supporting deals and valuations for global funds, energy, and infrastructure, as well as smaller businesses. He created and refined modeling methodologies at BDO UK, Forvis Mazars, and for Lodeum, a global financial modeling training platform launching in 2026.Expect to Learn:Models build trust, not just numbersConnect finance with operations for better decisionsAI is a helpful junior analyst, but human judgment mattersScenario analysis and storytelling are essential in modelsHere are a few quotes from the episode:"Standardizing language allows AI and people to understand and use models effectively." – John Yeldham"A good modeler breaks down a complex model into functional blocks; this is key to building trust and usability." – John Yeldham John provides actionable strategies for financial modelers to improve clarity, scalability, and trust in their work while leveraging advanced Excel techniques and modular design principles. This episode is a must-listen for anyone looking to elevate their modeling skills and build reusable frameworks for complex financial analyses. Follow John:Company: https://www.linkedin.com/company/lodeum/LinkedIn: https://www.linkedin.com/in/johnyeldham/Follow Financial Modeler's Corner: LinkedIn: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and get 15% off using the code “Podcast” at https://bit.ly/497oAqWIn Today’s Episode:[00:00] – Trailer[02:28] – Worst Model Horror Story[05:20] – Transition to Own Business & Lodeum[08:51] – Communication & Language Challenges in Modeling[16:03] – Standardizing Language & AI Integration[24:25] – Lambda Functions & Dynamic Arrays in Excel[30:19] – Online Modeling Training Advantages[36:43] – Favorite Excel Shortcuts[38:22] – Most Challenging or Fun Spreadsheet Created[39:42] – Rapid Fire: Modeling Opinions[47:16] – Advice for Becoming a Better Modeler[49:31] – How to Connect & Learn More
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  How Founders Mistake Models Only for Fundraising and What They Should Do With Ilyas Anis 02.06.2026 44min

  Paul Barnhurst speaks with Ilyas Anis, CFO and Chartered Financial Modeler, about using financial models to build stakeholder confidence, drive operational decisions, and tell a clear business story. Ilyas shares insights on integrating AI, avoiding common modeling pitfalls, and the importance of scenario analysis and three-statement models. Ilyas Anis is Finance Lead at Turning Point Brands Canada and Founder of IMnS Associates. He has 15+ years of experience in financial modeling, valuation, and governance across multiple industries. An FCA, CPA, AFM, and FMVA®, he is also a board advisor and AI enthusiast. Expect to LearnModels build trust, not just numbersConnect finance with operations for better decisionsAI is a helpful junior analyst, but human judgment mattersScenario analysis and storytelling are essential in modelsHere are a few quotes from the episode:“Stakeholders don’t pay you for getting the right thing. They pay for the confidence.” – Ilyas Anis“Financial models should open every Monday morning, they shouldn’t die after fundraising.” – Ilyas AnisIlyas Anis highlights how financial models go beyond numbers to build trust, enable strategic decisions, and communicate a clear business story. He emphasizes the role of AI as a supportive tool, the importance of connecting finance with operations, and practical strategies for building models that deliver actionable insights for stakeholders.Follow Ilyas:Website: https://imnsassociates.com/LinkedIn: https://www.linkedin.com/in/ilyasanis/Follow Financial Modeler's Corner: LinkedIn Page: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and receive 15% off by using the special show code ‘Podcast”Visit https://bit.ly/497oAqW and use the code “Podcast” to save 15% when you register. In today’s episode: [00:00] – Trailer[02:35] – Early Career Horror Stories[04:28] – Storytelling in Models[09:52] – Fundraising vs Operational Models[12:39] – Connecting Finance & Operations[18:36] – Revenue Models as Foundation[25:29] – AI in Modeling[27:38] – Automating Dashboards[34:30] – Rapid-Fire Modeling Best Practices[42:03] – Final Advice
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  The Mistakes in Structure and Data Thinking That Break Models with Mark Proctor 26.05.2026 50min

  In this episode of Financial Modeler’s Corner, host Paul Barnhurst (aka The FP&A Guy) is joined by guest Mark Proctor. Together, they discuss the intricacies of financial modeling and data analysis, with a focus on building efficient models and leveraging automation in Excel. Mark shares his deep expertise on why structure is key, how to automate tedious tasks, and how Excel continues to evolve to meet the demands of modern financial professionals.Mark Proctor is a seasoned financial professional with a background in accounting and finance, an Excel MVP, and the founder of Excel Off The Grid, a platform dedicated to improving efficiency and effectiveness in Excel. With decades of experience, Mark's insights are invaluable for anyone looking to optimize their use of Excel for financial modeling and beyond. He has helped countless professionals streamline their work through better data structure and automation techniques.Expect to LearnFinancial modeling vs. data analysisAutomation in Excel with Power Query & PivotWhy VLOOKUP is outdated and modern alternativesBuilding flexible, stakeholder-friendly modelsReducing manual and repetitive Excel tasksHere are a few quotes from Mark Proctor:"Hard-coding is the enemy of a flexible financial model. Once you start hard-coding, you lose the ability to see what's really driving the model." - Mark Proctor"One of the key takeaways from bad models is that manual adjustments should always be documented and trackable." - Mark ProctorAs Excel continues to evolve with powerful features like dynamic arrays and advanced automation, the tools discussed in this episode are essential for anyone looking to keep pace with the future of financial modeling. Mark’s emphasis on mastering the basics and thinking structurally will help you work faster and more effectively.Follow Mark:Website - https://exceloffthegrid.com/LinkedIn - https://www.linkedin.com/in/markstephenproctor/Follow Financial Modeler's Corner: LinkedIn Page: https://www.linkedin.com/company/financial-modeler-s-corner/Newsletter - Subscribe on LinkedIn: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation today and receive 15% off by using the special show code “Podcast”Visit https://bit.ly/497oAqW and use the code “Podcast” to save 15% when you register.In today’s episode:[00:00] - Trailer[01:54] - Financial Modeling Horror Stories[04:55] - Lessons from Bad Models[06:28] - Mark's Career Journey and Background[12:59] - Data Analysis vs. Financial Modeling[19:17] - Excel as a Data Analysis Tool: Key Innovations[22:55] - Automation in Excel and Practical Tips[33:59] - The Importance of Mastering Excel Basics[44:19] - Wrap-Up and Closing Remarks