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cubsfan's picture

Want to be a rockstar

I've been working at a mid-sized investment consulting firm since undergrad (graduated May 2006), and I want to move to a fund. I was promoted at the beginning of 2008 (20% raise), and passed the level 3 CFA exam this past June. I evaluate & recommend investment managers to our clients (pension funds, foundations & endowments, etc). Having spent zero time at a bank I have essentially no modeling experience. I understand the concepts having walked through countless models with investment managers, but I've never built one myself. Will this hold me back, or is it no big deal?

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El_Terrible's picture

Why not take a course or

Why not take a course or pick up Wall Street Prep? Financial Modeling 3rd Edition by Beninga is good.

I'm also selling WS Prep Premium.

orangedog's picture

just build one

have you thought of just trying to build one? Beninga is commonly referred to as the teaching bible, but it is pretty simple and straightforward, and I'm guessing you'll have seen most of the concepts presented through your work. in other words, if you want to buy a copy, buy a cheaper 1st or 2nd edition and save the money - hold onto the book as a reference.

I say just build a model (this advice is based off of your statement of having walked through countless models). Use fake numbers, if you have to. And if it turns out half decent, you can always show it as an example of your work/aptitude/capability without revealing anything confidential or proprietary.