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anyone?
I'm guessing all of the ER guys are at home by now...
Oooh low blow from ibd monkey
hahahaha
seriously though anyone?
Hate to be annoying but is there anyone who could give me some insight to this!? T-Minus 19 hours until an interview...
3 statement iterative model with 3-5 yr forecasts..... DCF.. Etc.... These are the basics and can go up significantly depending on how quant heavy the analyst is....
Good luck.
Pitch a stock know the 3 statements and how they tie. Slick your hair back and wear loafers
@RayFinkle, thank you! Really appreciate that
@spaceagecowboy, lest we not forget about the white collar blue shirt and gucci suspenders
Hey "Balla" - know your income statement, cash flows and balance sheet. A forth sheet for most analysts consists of a "revenue model" - IE what drives the top line of your income statement. Obviously units (volume) and pricing. For companies with multiple product lines, one could break this out by product line. Personally I've found that the DCF is more of an academic exercise, although you could get a question about underlying assumptions in a DCF (terminal growth rate, WACC, etc.) Know that P/E and EV/EBITDA are the two dominant valuation metrics for nearly all companies that are profitable. The DDM (dividend discount model), to me, is a joke, but maybe that's b/c most of my companies don't pay a dividend. That said, I can't imagine that analysts derive price targets using a DDM model, unless it's one of many ways of arriving at a price target. Good luck!
Thanks Boston Analyst!
also, vasoline on the face is pretty sweet. if someone tells you your face looks greasy tell them to buzz off.
Modeling+Writing test for ER Junior Associate Role (Originally Posted: 09/29/2013)
Guys, wish you all have been good for the weekend. I have an interview for junior associate (chemical role) in a BB firm next week. The interview will also come with 2-hour modeling test + 2-hour writing test. I've asked HR to schedule 2 different sittings for the tests. Does anyone have ideas how the two tests would be like? I heard modeling test might include update model based on new PR, 3 financial statements forecast, and DCF/Comps valuation; writing test might ask for a re-cap note from PR. But still wanna double confirm with anyone who's familiar with the matters here.
I'm going through all relevant materials on BIWS, and practicing modeling/writing based on some simple models and sell-side reports I have. Does anyone have any models used in bank I can refer to? Or any advices I can add to interview prep? Thanks a million!!! And wish big bonuses for everyone every year!!!
This sounds like MS. Integrated 3-statement model is a must-know. You may have to build one or fix errors in an existing one. You're correct on the writing portion.
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