Modeling/Internship Prep

I have an offer to work in ER for the summer, any ideas as to to how much background in financial modeling is expected? I have knowledge of the basics for cash budgeting, capital budgeting, financial forecasting. Any advice on using solver and graphing with overlays would be helpful (i.e. books? courses?). Along the lines of dp's post, what is the general consensus regarding the dealmaven courses? The fees are on the high side for a student, but if the courses are valuable, then it might be a smart choice. Thanks in advance.

I did DealMaven level 1 (just the module, didn't shell out for the certificate). No one in my interviews bothered to ask me about it. DealMaven is pretty simple, good initial introduction if you have some accouting background. If you do the student 1-month version, it's only $50, and it really doesn't take that long to complete level 1.

From what I understand, there is not as much financial modeling involved as maybe IB, but there's probably some updating of the analyst's financial models for earnings projections and maybe prices. I think most of the work revolves around understanding company/industry fundamentals/trends, projecting earnings, and multiples.

While, I am by no means very familiar in this subject (I'm gonna be a SA in ER as well), I was under the impression that most of the tasks assigned to interns is to track and read press releases, earnings releases, industry news, etc, to summarize for the analysts, and update financial models during earnings seasons.

Those that currently work at ER, what is the best way to prepare for a summer internship?

I did the Dealmaven 1 and bought the lifetime access, tho you can buy shorter timeframes depending on how fast you think you'll pick up the stuff. I too didn't go for the certificate. Great intro on how financial models work. I've never done the Wall Street programs, but it seems to be more sophisticated - geared towards I-Banking needs...expensive too. If you just need a simple crash course and you're on a budget Dealmaven should suffice. Btw I work in ER.

Hmm - be on time, use initiative to impress your boss. YOu ahve to be inquisitive in research. Make sure you put in decent face time and try to ask good questions - don't continue to ask dumb questions.

Does someone have have Wall Street Prep material that they wanna sell ? or any other fin. modelling material ... Please PM me

This was very helpful