This might seem extremely unusual, but for arguments sake just allow yourselves to accept the following.....
I recently started a job in ER...this is my first job out of college and prior to it I was interning in a more traditional ER role..
At my internship I did some very basic DCF modeling as well as did some writing....however, at my new job, there is no real modeling being done....analysts cover a lot of stocks and make projections for major ratios rather than build models.....there is also standard report writing involved...
I figure, if nothing else, I'll gain a lot of research skills and learn a lot about the industries and companies that I cover....I'll certainly learn a lot in that regard, however, does this sort of role preclude me from really furthering my career in purely analytical finance roles....I feel like a transition to consulting after this stint would be natural/logical....but what if I want to stay in finance, but get more exposure to number-crunching and model building....should I be practicing models on my own/taking some external courses just to stay sharp?
I also know that there are past employees from this company that have transitioned to more traditional ER sell-side shops so I guess that reaching out to them would also be quite beneficial...
Thanks!
Definitely a way for you to show them that you can add value. If you happen to have spare time, do some fundamental analysis or DCF and show your analyst that.
ER is NOT modeling intensive. A lot of your time is with actual due diligence and research. Lot of poring through 10Ks, listening to earnings calls, looking at company presentations, attending conferences if you are lucky, etc. The model is a just a supplement to the reports that you write. Looking at end markets and refining your estimates/projections are really at the core of it.
Your question of exit opps: I think it is the same as "traditional" ER. You are just not doing DCFs all the time. For some industries, DCF is too volatile and theres no better approach that to slap on a multiple.
OP - if you don't mind me asking, what firm are you currently with? Based on your description it sounds like a firm I might be interviewing with, and if it is, I'd really appreciate if you could elaborate on your experience thus far.
feel free to message me...but i just started last week
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