I accepted an offer for IBD FT in NYC starting this summer and am currently a Spring Term senior non-finance major. Besides enjoying everything about my last semester of college I was wondering how you monkeys might recommend how to best prepare for the desk. Is it mastering Excel, auditing an accounting course,...?
Any recommendations would be much appreciated
-AceOfSpades
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Before you fly off the handle and spend the rest of your final college semester cramming every shortcut and trick of excel into your head, here is an article and what you really should be doing to to prepare for your IB position
In short, do not read a bunch of finance and accounting textbooks, study excel or take a few modeling courses - enjoy your life, enjoy what's left and college and take care of some odds and ends. Remember, you will have a good training program to help you become acquainted with all of the basics accounting, finance and modeling you need - if the company didn't think you would be able to grasp the material pretty quickly through training and on the desk, they wouldn't have hired you.
Good luck and congrats.
Congrats my man! I would subscribe to the Wall Street Journal and start familiarizing yourself with the jargon -- there will be tons of it and I know that I had an advantage coming in because I knew generally what things meant and how the industry operated. Try to pick up the ScoopBooks guide to Investment Banking if you can, it is very good for learning how the industry works and in my opinion it is better than the Vault guide if you are someone that has accepted an offer.
Best of luck!
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