You need to add a circuit breaker / circularity switch to avoid your model blowing up with #REFs beyond repair. This usually affects interest, as the interest payment is based on the average debt balance during any given year, which creates said circularity as the payment affects the cash flow which you would use to pay down debt. Hence, designate a cell in controls as switch, name the cell “circ”, and then add before any interest item in the debt waterfall =if(circ=0,previous year end balance debt*interest rate,average(starting balance,end balance)*interest rate)

hope this helps 

 

Placeat nesciunt iusto tempore doloribus voluptatem et perferendis. Natus vero aperiam ut unde magni dignissimos. Qui consequuntur suscipit quam. Repellendus eveniet illo dolores nisi provident.

Repellendus ipsa ratione autem. Nihil nisi cupiditate dicta consectetur rerum est. Consectetur eum quo omnis et voluptatem.

Voluptatem cupiditate quo ut. Debitis iure non perspiciatis nesciunt.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”