Financial Scenario Modeling Program
Learn to build forecasts that actually work. This six-month program teaches you how to model financial outcomes for small businesses and startups operating in uncertain markets.
Request Program DetailsWhy Scenario Modeling Matters
Most financial planning assumes things will go according to plan. But what happens when they don't?
Scenario modeling helps you prepare for different futures. You'll learn to create realistic financial projections that account for market changes, unexpected costs, and revenue fluctuations. We focus on practical skills you can apply right away, not theory that sits in a textbook.
This program started in 2023 when we noticed businesses in Bulgaria struggling with volatile currency rates and shifting consumer behavior. We developed a teaching approach that combines spreadsheet work with real case analysis.
What You'll Actually Learn
Six months of hands-on work with financial models, spreadsheets, and real business data. No fluff, just practical skills.
Financial Fundamentals
Start with the basics if you need them. We cover cash flow statements, profit margins, and the metrics that actually matter for small businesses.
- Reading financial statements
- Understanding key ratios
- Identifying cost drivers
Building Your First Model
Create a three-scenario financial projection from scratch. You'll work with actual anonymized data from Bulgarian small businesses facing real challenges.
- Spreadsheet structure
- Variable identification
- Sensitivity analysis
Market Variables
Learn to incorporate external factors into your models. Currency fluctuations, seasonal patterns, and local market dynamics all matter.
- Economic indicators
- Seasonal adjustments
- Risk assessment
Advanced Scenarios
Go beyond simple best/worst case. You'll model multiple outcome paths and learn when each approach makes sense.
- Monte Carlo basics
- Probability weighting
- Confidence intervals
Presentation Skills
A great model means nothing if you can't explain it. Learn to present financial scenarios to people who aren't finance experts.
- Visual communication
- Executive summaries
- Assumption documentation
Capstone Project
Spend your final month building a complete scenario model for a real business. We'll provide the case or you can bring your own.
- Independent research
- Full model build
- Presentation review
Who Teaches This Program
We're practitioners, not academics. Both instructors have spent years building financial models for actual businesses and dealing with the messiness that comes with real data.
Mirela Kostova
Lead Instructor
Mirela worked as a financial analyst for a Sofia-based startup accelerator from 2019 to 2024. She's reviewed hundreds of financial projections and knows what works and what doesn't. Her teaching style is direct and she won't let you hide behind vague assumptions.
Teodora Mihailova
Technical Instructor
Teodora specializes in the spreadsheet mechanics and data visualization side of modeling. She previously built financial dashboards for retail businesses and knows how to make complex data comprehensible. Expect her to push you on documentation and clarity.
Program Structure
Classes meet twice weekly for three hours each session. That's 144 total contact hours over six months, plus independent project work.
We run cohorts twice a year. The autumn 2025 session starts September 15th. Spring 2026 begins February 23rd.
You'll need reliable internet, a computer capable of running spreadsheet software, and about ten hours per week for homework and projects. Most students say they spend closer to fifteen hours weekly during the capstone phase.
Months 1-2: Foundation
Financial basics and first simple models. Weekly assignments focus on understanding financial statements and identifying the variables that drive business outcomes.
Months 3-4: Application
Building multi-scenario models with real complexity. You'll work in pairs on case studies based on actual Bulgarian businesses from various sectors.
Months 5-6: Integration
Advanced techniques and your capstone project. Individual work with instructor feedback as you build a complete scenario model and presentation.
Ready to Start?
The autumn 2025 cohort has twenty seats. We typically receive applications from about forty candidates, so spots fill up early.
Duration
6 months, part-time
144 contact hours
Schedule
Twice weekly
Evening sessions
Next Start
September 15, 2025
Applications due August 1st