5 Reasons Why you need to learn Excel
By: Sarvagya Tongia
Tags: Skills, Learning, Excel, Skills Development, Microsoft

There are many different roles and several types of companies. Excel unites them all. It is a versatile program that can be used in all industries and walks of life. It is an industry-standard and is widely used. Excel provides many functions for sorting and analyzing data. Click here for more information about Excel.

Excel is an extremely powerful tool for business that has been well-developed over time. We will not be able to cover all the incredible capabilities here. But this blog will help you to answer one important question, “Why do you need to learn Excel?”.

Excel skills can be extremely valuable to employers, which will increase your chances of getting hired. Employers will notice that you have excellent analytical skills. Excel skills are highly valued by employers due to the variety of ways they can be applied. Excel courses will show you how to excel in advanced ways that will help you stand out in the job marketplace. Excel can be used for many purposes, including:

Creating Financial Models

Comparing Actuals vs Budgets

Monitoring expenses and revenues

Creating Dashboards and automating reports

Manually organizing or manipulating data can be time-consuming and tedious. Excel makes it quick and easy to organize data and modify it quickly. It reduces human error like miscounting or miscalculating. It also makes it easy to analyze large amounts of data quickly and once you’re proficient with its advanced properties and features you can even do complex statistical analyses. Excel skills will improve overtime as you complete more tasks and projects. Consider this:

Automation is the new trend. Use Power Query, one of the excel capabilities to automate reports and dashboards to save time.

Humans tend to remember pictures rather than words of numbers. Excel can identify trends quickly in large data sets and make a business decision using pivot tables or charts.

Many jobs in finance require Excel skills.

Excel can also be used by accountants with financial management software.

Financial analysts use Excel often for financial modeling.

Excel can be used for business analysts to analyze and report data to support business decisions.

Excel makes it simple to create interactive analytical dashboards, or reports. These can be used for the PowerPoint Presentation or given to clients/managers to provide real time detailed analysis. The dashboards are automated with the help of Power Query, which makes the work simple and efficient. The dashboards/reports are reviewed by clients/managers and a standard template will help with better formulas and charts.

Excel’s collaborative design makes sharing, editing, and using an Excel spreadsheet easy for other users. This allows users to freely share and edit data, regardless of where they are located. Microsoft Office makes it easy to export Excel data into Microsoft Word, PowerPoint, and Excel. This makes it simple to present presentations and write work. Even though it may seem overwhelming at first, Microsoft Excel is very easy to use. Excel can increase your employability and career prospects. Excel is a great tool to analyze data and manage personal finances. Excel is a useful tool that you can use in many areas of your daily life. It is a crucial part of personal growth.