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 modelers
- How to build models as flexible systems instead of one-time solutions
- How Excel Esports helps students develop real-world modeling skills
- How competitions can improve financial modeling education
Here 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 Schnoor
Ian 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.
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LinkedIn - https://www.linkedin.com/in/ianschnoor/
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In 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
