How deep does the rabbit hole go?

I'm currently creating a DCF model for a stock pitch for Company X, which is a global defense corporation that driven by government contracts. While making the model, I realized that it would be more accurate do a sum-of-the parts analysis by region, adding up contract demand for each product and making assumptions for the future based on current geopolitical trends. 

Now I'm starting to realize I've bitten off more than I can chew because now I gotta find the working capital, debt structure for WACC, etc. for each region and although I have access to some ER reports and Capital IQ, I'm not sure even those are enough. Its 2am and the brain fog is kicking in, but I don't actually dislike the work. However, I have no idea when to stop adding sensitivities

I'm curious as to how granular the models can get on the actual job. Does the client actually care whether I factored in China taking over Thailand or a truck in Latvia breaking down, or is it more of a copy and paste into preexisting templates and then bullshit to the client? I understand that it varies sector as well as IB vs PE.

2 Comments
 

Consequatur ex dicta cum ut et ut. Consequatur voluptatum inventore tempore. Qui voluptas dolorem ea qui quis non. Voluptatem fuga tempore mollitia esse. Quia iure id optio porro est voluptatum.

Enim corrupti a accusamus sequi. Architecto cum laudantium non sit. Magnam autem ut maiores voluptatem non magni enim.

Itaque rerum id enim quia pariatur et eos. Id et quidem explicabo adipisci ullam unde blanditiis. Iusto natus magni corrupti molestiae. Molestiae ut amet similique saepe aspernatur. Saepe corrupti impedit ea velit provident aliquid animi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”