Hi all,
As the title says, I will be interning in Leveraged Finance this summer.
During my interviews, I got the advice to brush up on my Modeling skills, including LBO Modeling. I have done previous internships in FDD, meaning my Modeling is already quite decent - I have only done 1 LBO model so far in my free time though.
Do you guys have any additional tips?
Do you have specific courses I could take (preferably free/cheap)?
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Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
For your upcoming Leveraged Finance internship, enhancing your LBO modeling skills is a smart move. Here’s how you can prepare effectively:
WSO Free Modeling Series: This is a great resource for brushing up on your financial modeling skills. It includes 9 free lessons covering various aspects of financial modeling including LBOs. This series is taught by experienced private equity pros and bulge bracket investment bankers.
LBO Specific Modeling: Since you've already done some modeling but have limited experience with LBO models, focus specifically on LBO scenarios within these lessons. This will help you understand the nuances of leveraged buyouts better.
Practice with Templates: Utilize the 27 financial modeling templates available as a bonus in the WSO series. These templates can provide a practical framework for building your own models and can be particularly useful for practicing LBO scenarios.
Supplemental Learning: While the WSO resources are comprehensive, you might also consider looking for additional online tutorials or videos that focus specifically on LBO models to see different approaches and tips.
Engage in Forums: Participate in forums on Wall Street Oasis to ask specific questions or get feedback on your modeling techniques from peers and professionals already in the field.
By focusing on these resources and actively engaging with the materials and the community, you should be well-prepared for your internship in Leveraged Finance.
Sources: I’m a student. What’re the best ways for me to learn about your fund?, Have any of you changed since doing finance or going to an Ivy League school?, How do I find recent deals a group worked on?, Q&A: Leveraged Finance Lawyer here, Screwed up my A Levels, what courses can I go for to still make it in IB?
No. Enjoy your break before the jnternship. Soak in the time with friends and family, and try to do as little as possible. Once you start the internship, go hard and ask a lot of questions (and take physical notes). Congrats on the internship.
You’ll be making cap tables and comp charts. Forget modeling
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