Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI)  the most respected accreditations in Financial Modeling globally. In this first episode, Paul Barnhurst is joined by Ian Schnoor, the Executive Director of the Financial Modeling Institute and one of the foremost educators on financial modeling globally. Listen to this episode as Ian shares: ·      What it was like in the early days of financial modeling·      Why FMI created a financial modeling accreditation in the first place ·      The importance of Financial Modeling as a profession ·      How FMI created a community to help all modelers find the best resources and elevate the profession in the processFollow Ian:Website - https://fminstitute.com/ E-mail - info@fminstitute.com     LinkedIn - https://www.linkedin.com/in/ianschnoor/   Follow Paul:   Website - https://www.thefpandaguy.com/ LinkedIn - https://www.linkedin.com/in/thefpandaguy/ Instagram - https://www.instagram.com/thefpandaguy/ TikTok - https://www.tiktok.com/@thefpandaguy Twitter - https://twitter.com/TheFPandAGuyYouTube - https://www.youtube.com/@thefpaguy8376 Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code FMC15.Visit www.fminstitute.com/podcast and use code FMC15 to save 15% when you register.If you want to earn CPE credit fort this episode go to https://earmarkcpe.com, download the app, take the quiz and you can receive CPE credit. On each episode we will have a section called “Ask the Host/ Guests” in which you can ask your own questions. You can submit your questions about financial modeling at pbarnhurst@TheFPandAGUy.com or DM on LinkedIn.These episodes will also talk about interesting news regarding financial modeling. So if you find something which is worth a share, send it across so that it can be discussed on our future episodes. Quotes: “There was no opportunity for people to really learn formally how to build models.”“If someone gets FMI’s accreditation they know you are the best in your practice, they know how to model and they know design is important.”“Without design the whole thing falls apart.”“Training firms can teach you and give you the knowledge you need but to really become excellent and prove it, that requires independent validation and that’s where FMI comes in.”“We want FMI to encourage people to interact and teach each other, learn from each other and enhance this profession.”  In today’s episode: (00:22) Intro; (00:50) Welcoming Ian; (02:42) How FMI started; (05:45) Paul’s experience; (06:37) The importance of Design; (07:37) Multi-disciplinary approach for a dynamic model; (08:53) What makes FMI unique; (11:23) Why Paul chose FMI; (12:53) The importance of Validation of Training; (14:26 - 15:13) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad); (15:14) Resources/ Programs included in the FMI; (18:26) Why Ian chose to be the premier sponsor for FMC podcast; (21:15) What Ian hopes people gain from the podcast; (24:22) Ian’s answers to standard questions; (24:30) Which is the worst financial model ever seen; (26:17) Ian’s take away from the worst financial models; (27:53) Rapid Fire; (32:00) Ian’s advice for modelers; (33:17) Connect with Ian; (35:12) Paul’s Top Quote from the episode; (36:25) Have Financial Models become the most important decision making tool in finance? - LinkedIn Poll Results; (38:13) CPE Credit with this episode; (38:54) Outro.