Ramping on Financials Credits - NEED ADVICE

To ramp up on financials and excel in your new role, here’s a structured approach based on the most helpful WSO content:

1. Courses to Build Your Modeling Skills

• WSO Financial Statement Modeling Course: This course is essential for mastering the 3-statement financial models, which are the foundation for analyzing financial institutions. It includes over 60 videos and nine modules covering fundamental concepts, Excel shortcuts, formatting best practices, and formulas.
• WSO Elite Modeling Package: If your director is willing to invest, this package combines six courses, including Financial Statement Modeling, DCF, M&A, LBO, and Valuation Modeling. It’s a comprehensive toolkit for financial modeling mastery.
• Excel Modeling Course: Since Excel is a critical tool, this course will help you improve efficiency with over 105 videos covering shortcuts, formatting, and advanced tips.

2. Free Resources

• WSO Free Modeling Series: Access nine free lessons taught by experienced private equity professionals and investment bankers. It includes financial statement modeling, DCF, M&A, LBO, and Excel modeling. Plus, you’ll get 27 financial modeling templates to practice.

3. Research Providers

• Leverage research providers that specialize in financial institutions. Ask your director for access to platforms like Bloomberg, S&P Capital IQ, or FactSet, which are invaluable for FIG analysis.

4. Best Practices for Financial Modeling

• Focus on understanding the unique aspects of FIG modeling, such as regulatory capital, net interest margins, and loan loss provisions.
• Use templates from WSO’s financial modeling resources to practice building models specific to financial institutions.

5. Additional Recommendations

• Networking and Mentorship: Connect with colleagues or mentors who have experience in FIG. Their insights can be invaluable.
• Books and Articles: Dive into technical knowledge articles and guides available on WSO to deepen your understanding of financial modeling and credit analysis.

By combining these resources and dedicating time to practice, you’ll quickly ramp up and excel in your new role. Good luck!

Sources: Top Financial Modeling Courses - List of Top Financial Analyst Courses, Best Books For Credit Analysis