Essential Excel for Business Analysts and Consultants
4.2 (526 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,160 students enrolled

Essential Excel for Business Analysts and Consultants

Master the formulas and tricks that will save you time and make you as efficent as consultants in McKinsey, BCG, Bain
4.2 (526 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,160 students enrolled
Created by Asen Gyczew
Last updated 7/2020
English
English [Auto]
Current price: $62.99 Original price: $89.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 5 hours on-demand video
  • 1 article
  • 117 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • You will master the most crucial functions and features of Excel
  • Understand the main challenges in analyzing data in Excel
  • Get ready made analyses in Excel
  • Analyze complex business problems in Excel
  • You will master essential Excel shortcuts that will help you drastically speed up your work in Excel
  • You will learn how to structure Analysis in Excel for your work as Management Consultant or Business Analyst
Requirements
  • Basic Excel
  • Basic knowledge of economics or finance
Description

What is the aim of this course?  

Excel is the most often used first-choice tool of every business analyst and consultant. Maybe it is not the most fancy or sophisticated one,  yet it is universally understood by everybody especially your boss and your customers.  

Excel is still pretty advanced tool with countless number of features and functions. I have mastered quite a lot of them during my studies and while working. After some time in consulting I discovered that most of them are not that useful; some of them bring more problems than solutions. On top of that there are features that we are taught at university that are not flexible and pretty time consuming.  While working as a business analyst I developed my own set of tricks to deal with Excel  I learned how to make my analyses idiot-proven and extremely universal.  

I will NOT teach you the entire Excel as it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) formulas as fast as possible. I want you also to acquire thanks to the course good habits in Excel that will save you loads of time.  

If done properly, this course will transform you in 1 day into pretty good business analyst that knows how to use Excel in the smart way. It is based on my 12 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, improvement and turn-arounds in biggest companies from FMCG, SMG, B2B sector that I worked for.  On the basis of what you will find in this course I have trained over 100 business analysts who now are Investment Directors, Senior Analyst, Directors in Consulting Companies, Board Members etc.  

I teach step by step on the basis of Excel files that will be attached to the course. To make the best out of the course you should follow my steps and repeat what I do with the data after every lecture. Don’t move to the next lecture if you have not done what I show in the lecture that you have gone through.  

 I assume that you know basic Excel so the basic features (i.e. how to write formula in Excel) are not explained in this course. I concentrate on intermediate and advanced solutions and purposefully get rid of some things that are advanced yet later become very inflexible and useless (i.e. naming the variables). At the end, I will show 4 full blown analyses in Excel that use the tricks that I show in the lectures.  

To every lecture you will find attached  (in additional resources) the Excel shown in the Lecture so as a part of this course you will also get a library of ready-made analyses that can, with certain modification, be applied by you in your work.  

   

Why I decided to create this course?  

I have done number of courses showing you how to analyze data in Excel. Yet, I have noticed that some students lack the fluency of operations in Excel. This course is designed to fill in the gap and help you fully appreciate my other courses for business analysts and consultants. It can be used also as standalone course that will help you to be smart in Excel  

   

In what way will you benefit from this course?  

The course is a practical, step by step guide loaded with tones of analyses, tricks, hints that will significantly improve the speed with which you do the analyses as well as the quality of the conclusions coming out of available in your company data. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will know:  

  1. How to use Excel in a smart way to be able to analyses data fast and efficiently

  2. How to draw conclusions from analyses – chosen examples of analyses

  3. How to be efficient in your work as analyst?

  4. How to build Excels that it is understandable for you and your team, even after some time

You can also ask me any question either through the discussion mode or by messaging me directly.  

   

How the course is organized?  

The course is divided currently in 6 sections and will be adding new section to address other important issues. Currently you will find the following sections:  

  • Introduction. We begin with little intro into the course  

  • How to merge data from different sources. Quite often as an analyst you will have to combine data from different sources. In this section I will show you how to do it using VLOOKUP function and others to make sure that you can easily combine data from different tables into the desired analysis   

  • Cleaning and unifying data.  50% of your time will be lost on setting the data right so it can be used for analyses. In this section you will      learn how to clean and unify data fast   

  • How to use IF function and what you can do instead? Most of analyses require you to make them dependable on something. For this you can use IF function which gets messy with more complicated formulas. I will show you how to avoid the mess and in most cases not use IF function   

  • Pivot Tables. As a business analyst you will have to look at data on different levels. I will show you how to do it with Pivot Tables, Pivot Charts and what to do instead.   

  • Other useful functions. In this section I will show you other useful function that you should master   

  • Example of analysis. Here we show full analysis from start to end including drawing conclusions. This will show you want should be the end result   

  • Tools for analyzing data. On top of Excel function you have available other tools in Excel that we will discuss in section. Most of them save you a lot of trouble in analyzing data   

  • Being faster with Excel. If you spend 6-8 hours a day with Excel you have to be fast not to waste your valuable time. Here I will show you  how to do it   

  • Visual Basic – main things you should know. Sometimes it is much easier to do something in Visual Basic than go via typical Excel formulas. For some cases Visual Basics creates new opportunities. Here I will show you the most useful elements of Visual Basic.   

 

You will be able also to download many additional resources  

  • Excels with analyses shown in the course

  • Links to additional presentations and movies

  • Links to books worth reading

    

At the end of my course, students will be able to…   

  • You will master the most crucial functions and features of Excel

  • Understand the main challenges in analyzing data in Excel

  • Perform the analyses in a very effective manner

Who should take this course? Who should not?   

  • Business analysts

  • Researchers

  • Controllers

  • Consultants

  • Small and medium business owners

  • Startups founders

    

What will students need to know or do before starting this course?   

  • Basic Excel

  • Basic knowledge of economics or finance


Who this course is for:
  • Business analysts
  • Consultants
  • Researchers
  • Controllers
  • Small and medium business owners
  • Startups founders
Course content
Expand all 98 lectures 04:55:39
+ Introduction
5 lectures 10:53

Excel is still pretty advanced tool with countless number of features and functions. I have mastered quite a lot of them during my studies and while working. After some time in consulting I discovered that most of them are not that useful; some of them bring more problems than solutions. On top of that there are features that we are taught at university that are not flexible and pretty time consuming.  While working as a business analyst I developed my own set of tricks to deal with Excel  I learned how to make my analyses idiot-proven and extremely universal

I will NOT teach you the entire Excel as it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) formulas as fast as possible. I want you also to acquire thanks to the course good habits in Excel that will save you loads of time.

Preview 04:15

A few words about your humble teacher

Preview 01:51

Here I give you some tips how you can get the best out of the course

Preview 01:38

Here I will show you what to do if a blurry image appears

What to do if a blurry image appears
02:04

Here I will show you how to find additional resources attached to the coruse like Excel files, presentations, links etc.

How to find additional resources
01:05
+ How to merge data from different sources
14 lectures 42:54

During consulting projects you will have to merge data from different sources to create a nice presentation. In this section we will discusss how to do it in practice, what excel functions you should use. We will use in this section extensively functions like VLOOKUP, HLOOKUP, MATCH and many others.

Preview 01:19

In this lecture we show you what you can use the VLOOKUP function for. It is one of the most widely used function that simplifies a lot of things

Preview 01:37

We start with basic VLOOKUP Usage just to show you the flavor and basic construction of VLOOKUP.

Preview 03:20

We start with basic VLOOKUP Usage just to show you the flavor and basic construction of VLOOKUP.

Preview 01:58

VLOOKUP can be used to assig categories. This helps you easily by creating rules divide data into segments, cohorts and analyze them, draw conclusions

Preview 02:58

HLOOKUP is a cousin of VLOOKUP. It is not that often used independently but has some serious application when combined with VLOOKUP

How to use HLOOKUP?
01:37

In this lecture I will show you how to assign categories using VLOOKUP and MATCH. You have the categories described in the matrix and you want to use them

Preview 03:52

In this lecture I will show you how to assign categories using VLOOKUP and HLOOKUP. MATCH can be used as alternative to the HLOOKUP

Assigning categories based on 2 criteria using HLOOKUP and VLOOKUP function
02:44

When you have more than 2 categories you have to resort to a number of tricks and the VLOOKUP function. I will show you on the basis of 2 criteria how to do it

Assigning categories based on 2 criteria using VLOOKUP only?
04:16

We continue with the example from previous lecture and show you how to approach cases when you have 3 criteria. This method can be scaled to any number of criteria

How to assign categories based on 3 and more criteria using VLOOKUP?
04:46

To assign categories that are numbers you can also use Sumifs which works for many criteria. In this lecture I will show you how to use it. Later on I will use it to assign also categories that are not number but for example names

How to assign categories using SUMIFS function – Basic Usage
04:50

Now we will use the SUMIFS to assign to every person a segment that he belongs to. We will do it into 2 phases. First we will assign a number that will represent specific segment and then using VLOOKUP we will change this into a name.

Assigning customers to segments – Case Introduction
03:03

In this lecture I will show you the data we will need to solve the case study.


Assigning customers to segments – Data Available
01:56

In this lecture we will solve the previously introduced case study

Assigning customers to segments – Solution
04:38
+ Example of analysis requiring merging data
3 lectures 11:20

In this case we will analyze what is the fuel usage for different cars, what it depends on and how to optimize it

Preview 03:45

In this lecture we will give you some tips how to approach the case and show you the usage of the proper Excel functions

Fuel usage analysis using the vlookup function - tips
05:04

In this lecture we solve the case with you, show you the outcome, interpret it and give you examples how the results can be presented in terms of Excel and slides

Fuel usage analysis using the vlookup function - solution
02:31
+ Cleaning and unifying data
12 lectures 33:51

In many cases the data you have to work with are far from ideal.  I will show you what you can do when you want to join or divide data point, how to unify and standardize it

Preview 02:19

In many cases you have create categories / tags on the basis of the name of the data point. I will show you here how to do it automatically

How to assign categories using string related functions?
03:11

Sometimes you want to divide 1 data point into 2 seprate ones. I will show you in this lecture how to do it

How to divide 1 data into 2?
02:54

Sometimes you want to join 2 data points into 1. I will show you in this lecture how to do it

How to join 2 data into 1?
01:23

In this lecture I will show you how to standardize data points to make analyses much easier

How you can standarize data?
04:01

We will now try to check in practice how to find saturation point for a retailer. In this lecture I will introduce the case that we will work with for the next few lectures. You will be asked to find the saturation for grocery store operating in Poland

Example of unifying data - Saturating existing markets – Introduction
01:11

In this lecture we solve previously introduced case.

Saturating existing markets – Data for the case study
03:12

In this lecture we solve previously introduced case.

Saturating existing markets – Number of Stores
03:09

In this lecture we solve previously introduced case.

Saturating existing markets – Stores by concepts
03:04

In this lecture we solve previously introduced case.

Saturating existing markets – Concept & Space
03:46

In this lecture we solve previously introduced case.

Saturating existing markets – Solution in Power Point
01:57

Here I will show you how to create a waterfall graph

Saturating existing markets – WaterFall Graph
03:44
+ How to use IF function and what you can do instead?
5 lectures 13:42

IF function can be very problematic. I will show you in this lecture why is not always the best choice

Preview 01:56

We start with showing you how to use IF function

How to use IF function?
01:42

In many cases IF can be replaced successfully with VLOOKUP. I will show you how to do it and what are the benefits

Preview 03:45

In some cases you need to use IFERROR. It can be used as a replacement for IF or independently

How to use IFERROR function?
02:11

Sometimes make sense to use MIN and MAX instead of IF. I will show you how and when to do that

How to use MAX and MIN instead of IF function
04:08
+ Pivot Tables
8 lectures 22:15

Pivot Tables help you group data and analyze them fast. You can go from general to specific within seconds thanks to pivot tables. I will show you in this lecture how to use pivot tables, what you can use instead

Preview 01:24

We start with basic usage of pivot tables

How to use pivot tables?
05:28

A cousin of pivot tables is pivot chart. I will show you how to use the pivot charts and how does it relate to pivot tables

How to use pivot charts?
02:39

It is not easy to get data from pivot tables. I will show you how to do it without any complications and special formulas

How to combine pivot tables with regular calculations?
02:17

Slicers are nice add-on to pivot tables and pivot charts that enable you fast filtering without any knowledge of pivot tables. They can be successfully used to create i.e. dashboards

How to use slicers?
02:07

Sometimes you need more Excel like to build on the basis of this. I will show you how to get the same results without pivot tables

How to replace pivot tables with SUMIFS and COUNTIFS
03:17

Pivot tables enables you to go from general to specific. I will show you how to do it 

Going from general to specific with pivots
01:57

Most producers / brand owners operate using many sales channels: wholesalers, own shops, e-commerce, marketplace etc. It makes sense to check how profitability looks across channels and what can e done to improve overall situation. I will show you how it cane be done with a simple Excel analysis and a pivot table. I will go also try to demonstrate what kind of conclusions can you draw and what should be your next steps, on the basis of the results you are getting form the analyses

Example of analyses using pivot tables- Analysis of sales channels for FMCG
03:06
+ Other useful functions and tools in Excel
18 lectures 01:00:09

In this section we will discuss other useful tools from Excel like Conditional Formating, indirect function, data validation, regression, go seek. solver and many more. They will help you deliver your work fast and efficiently

Other useful functions and tools in Excel
01:41

Conditional Formating helps you data be more understandable to people. This is great tool for creating dashboards. I will show you how to use them

Conditional Formating
04:42

Indirect function enables you to  make very complicated function with flexible area to which it relates. I will show you how to do it

How to use indirect function
03:12

Histograms help you see the frequency of data occurrence and to see what is the distribution. I will show you how to calculate it using build-in tools in Excel

Histograms
02:49

Regression model is a powerful tool you can use to analyze data, predict things, find relation between different phenomena. I will show you how to use it in Excel

Regression - introduction
02:23

Regression model is a powerful tool you can use to analyze data, predict things, find relation between different phenomena. I will show you how to use it in Excel

Regression - example
06:03

You can limit the freedom of people in the input of data. Using data validation you can for example you can create a list from which they will have to choose defined options. I will show you how to do it

Data validation
03:01

SUMPRODUCT is a great function that you can use to calculate faster the revenues of the firm of weighted average. I will show you how to do it in Excel.

How to use SUMPRODUCT function
05:45

Let’s have a look at car producer that is wandering which plant should supply to which country 

Using solver – Planning the flow of finished goods – Introduction
00:33

In this lecture I will show you how to use solver to find optimal solution to the case of planning the flow of finished goods between factories and markets 

Using solver – Planning the flow of finished goods – Excel - First Option
06:13

In this lecture I will show you how to use solver to find optimal solution to the case of planning the flow of finished goods between factories and markets 

Using solver – Planning the flow of finished goods – Excel - Second Option
03:01

Try to estimate at what age can Peter retire using his own savings. To estimate the age of retirement use the backward reasoning

When can I retire – Introduction
01:23

In this lecture I will show you the solution to previously introduced case study

When can I retire – No passive income – Excel Basic
05:17

In this lecture I will show you the solution to previously introduced case study

When can I retire – No passive income – Go seek function
03:05

In this lecture I will show you the solution to previously introduced case study

When can I retire – With passive income
02:17

Future is pretty difficult to figure out. You can use scenario analysis or you check ALL the potential options and see which is optimal. I will talk about this technique in this lecture and when to apply it. The impact of the price change on your profit will depend on a few factors. I will discuss in this lecture on what you should take into account and how to calculate it .

What will be the effect of the price increase – Introduction
02:09

In this lecture I will show you how to solve the case shown in the previous lectures

What will be the effect of the price increase – Solution – Impact on coffee only
04:01

In this lecture I will show you how to solve the case shown in the previous lectures

What will be the effect of the price increase – Solution – Full impact
02:34
+ Examples of analyses
9 lectures 38:52

Here I will show you some examples of analyses using things we have learned so far

Examples of analyses in Excel
01:21

Most producers / brand owners operate using many sales channels: wholesalers, own shops, e-commerce, marketplace etc. It makes sense to check how profitability looks across channels and what can e done to improve overall situation. I will show you how it cane be done with a simple Excel analysis and a pivot table. I will go also try to demonstrate what kind of conclusions can you draw and what should be your next steps, on the basis of the results you are getting form the analyses

Sales channel analysis - case in FMCG
03:06

Here I will show you how to estimate efficiency of marketing activities

Efficiency of marketing activities
08:19

Here we show how to model the business model of e-commerce


Preview 09:10

In this lecture I will start the case study that we will be solving for the next few lectures. Imagine that you are a Spanish fashion retailer and you want to figure out which countries you should enter. Therefore, you prepare a ranking of countrires that show attractivness and the size of each and every market.

Expansion strategy into other countries – Case Introduction
02:17

In this lecture we solve previously introduced case.

Expansion strategy into other countries – Data for the case study
03:44

In this lecture we solve previously introduced case.

Expansion strategy into other countries – Which function to use
04:53

In this lecture we solve previously introduced case.

Expansion strategy into other countries – Solution in Excel
03:32

In this lecture we solve previously introduced case.

Expansion strategy into other countries – Solution in Power Point
02:30
+ Basic VBA usage - example
3 lectures 21:24

In this case we will do the simulation of the whole logistics system and show you how to choose from many options

Logistics system simulation - introduction
04:28

Here we will give you tips how to calculate the cost of the whole system and how to prepare for the simulation

Logistic system simulation - tips how to do it
08:23

We present here final solution to the case. We show how to do the simulation of logistic costs for 8 different options in 5 minutes

Logistic system simulation - final solution
08:33
+ Essential Excel shortcuts
14 lectures 29:55

I will explain you here how it makes sense to master the Excel shortcuts and how they will help you to become more productive

Excel shortcuts - Why it makes sense to learn them
01:05

In the second section I will discuss essential shortcuts that you have to learn by heart to prepare fast analysis

Essential shortcuts – Introduction
01:52

In this lecture I will explain you why you should not use the mouse 

No mouse rule
01:27

In this lecture I will show you how to format cells using shortcuts using shortcuts 

How to format cells using shortcuts – Text – Part 1
01:45

In this lecture I will show you how to format cells using shortcuts using shortcuts 

How to format cells using shortcuts – Text – Part 2
02:37

In this lecture I will show you how to format cells using shortcuts using shortcuts 

How to format cells using shortcuts – Numbers
03:11

In this lecture I will show you how to copy of cells with shortcuts using shortcuts 

Copying of cells with shortcuts
02:31

In this lecture I will show you how to select rows and selecting columns using shortcuts 

Selecting rows and selecting columns
02:38

In this lecture I will show you how to add and removing rows and columns with shortcuts 

Adding and removing rows and columns
02:17

In this lecture I will show you how to group rows and columns using shortcuts 

Grouping rows and columns
03:12

In this lecture I will show you how to preserve your results or go back to previous ones  using shortcuts 

How to preserve your results or go back to previous ones
02:39

In this lecture I will show you how to go fast around the Excel with shortcuts 

Going fast around the Excel with shortcuts
02:19

In this lecture I will show you how to selecting different areas with shortcuts 

Selecting area with shortcuts
01:22

In this lecture I will show you how to search and replace data using shortcuts 

Search and replace data
01:00

Here I will test what you have learned in this section

Shortcuts test
10 questions