Wall Street Prep/Breaking Into Wall Street modelling courses worth it?

Entering my senior year at an Ontario business school and want to know if real estate modelling courses are worthwhile for FT recruiting. My aim is to end up on the financial side of the industry with a developer/REIT or in real estate corporate banking.

In the experience of those that have completed the courses, were they worth it? Would they separate me from the competition during the recruiting process?

 
Best Response

Wall St Prep came to my school every fall and did the course over a weekend for like $99. It was well worth it for the $99, but don't think it's worth it at all for the full $1.5-2k.

A student club is who brought them to our campus and I know they go to a number of other schools in the US. So you may want to work with a club on campus or potentially your school's career center to see if they can help bring them to campus at a high discount.

the guy who makes BIWS even writes somewhere that he doesn't think BIWS is necessary. The guy is chill and extremely honest about his business.

I got it, I liked it, but he was right - I never got much of an edge knowing this stuff, only edge was with boutiques who can't train people. BBs train you and make it clear they just want a kid from a good school, good gpa, who can work professionally - they don't expect you to know everything the first day of work!

plus the guy above is right, if you're really working hard at your SA, you probably don't have much time to do the class.

I'd get it if you think you want it - it might help you, it might not do anything for you. your call.

 

BIWS is mainly meant for current students trying to get internships. If you're already working as a SA, you might as well just learn on the job. No need to get 3rd party training if you're already in the firm...

 

I'm mostly worried about the technical questions during the full time interviews especially when I'll be competing against other BB kids who have done their DCF/Merger/LBO modeling. I've been doing only qualitative work during my internship which is why I thought BIWS would be useful. I mean I could go through the models on my own and try to work them out, but I figure that nothing could compare against someone walking me through all the models and explaining the ins and outs plus the potential interview questions.

 

Yes - I have attended their financial modeling workshops at my MBA program and they were very worthwhile.

If you are targeting IB and PE, you will need to better understand the accounting and financial concepts behind them during interviews. These workshops force you to model and understand the concepts.

 

if I have to choose between LBO modeling and advanced financial modeling, which one do you think is more useful? Have you taken both?

 

I have taken the advanced financial modeling and DCF workshops so I cannot speak for the LBO course. What experience do you have with financial modeling? If you can only attend one day -- I would probably attend the advanced financial modeling course because for the LBO session, they will assume you already built your excel model in the previous day's session.

 

The thing is, the LBO workshop is before the advanced fin modeling workshop....should I just go to the advanced fin modeling one then?

I've taken finance and very basic modeling courses at my MBA...but don't have too much finance experience prior.

 

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