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WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
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.
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If you can add, substract,multiply,divide and do sums you really shouldn't have a problem.Also,if you were struggling with math your whole life why go into finance?
I also looked at your track, and judging by your posts I sort of believe that you're in finance for the money nothing more.
Anyways good luck!
In the past I wanted to do it for the money, but now I realize that most careers use finance in some way or another.
The math is pretty simple but as @Name Of Profit said, if you're really not good at math finance may be a questionable fit. You generally don't need to be able to figure out a multi variable calc problem but it's good to be able to add, subtract, etc in your head on the fly. You don't have to be exact but if there are numbers on the table and you can say that's about $38MM when it's actually $37.8MM it's a helpful thing.
I can do all the things mentioned, but if there's any type of calculus, statistics, accounting, or geometry, I cannot do it.
You failed accounting and want to be an investment banker? Da fuk?
I want to gain more knowledge in finance, which is why I applied for the internship.
Investment banking may require you to solve differential equations. You will also need to know how to optimize multi variable problems which involves plenty of calculus. You will also need to know statistics. You need to know how to run regressions and perform 1/2 tailed tests.
Ok thanks. I'll probably just cancel the interview.
This. Can't even count how many deals fall through because an analyst accidentally skips a step in a proof of the Banach fixed-point theorem. Solid knowledge of ODEs is an absolute must have.
Maybe you're just trolling but go on the interview. Prepare for it. Read all the stuff on here and a few other websites. I was probably downplaying the math involved and it's really more about math plus excel skills, and failing accounting may be a red flag but regardless if you want to go into IB or advertising, the more times you interview, even if you don't care about the job, the better it will prepare you for other interviews where you actually want the job. When I was an undergrad a long time ago I applied for jobs I had no interest in and was over credentialed for just so I could practice sitting in a situation that was not something I had done before and was not comfortable with.
I'm not trolling at all. I have no need for interview practice because I've done plenty of interviews before. I don't necessarily want a career in investment backing, but a lot of careers require finance, so I figured this could be a way to learn more.
I don't know how to edit a post here, so I couldn't add this comment to my previous post.
But the main reason I applied was because the ad said I would learn everything about finance, deal development, SEC codes and transactions. So I took a chance and applied. I assumed I'd be taught everything.
Buddy, all I have to say is I 100% doubt you get an interview. And if you do, good luck doing it without any knowledge of the job at all. They will chew you up and spit you out, especially if there's no screening call to see that you're just a guy interested in making 6 figures as fast as possible. There are people, like myself, that are from non-targets that spend all their time learning and reading about investment banking that would do anything just to be noticed by someone who would give them a shot and have yet to get that chance. So just applying to an ad isn't going to do anything, but if for some god forsaken reason it happens, do not go into the interview without knowledge of the job.
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