AN1 advice on getting ramped up, no finance background
I'm an AN1 in training right now and was wondering what all I can do in this period to prepare myself well. I have absolutely 0 finance background, but am going to a very modeling heavy group that's known for being very sweaty and very technical. What can I do during training to get ramped up?
I was thinking of asking the group to send over a few old models so I can take a look through them, but is there anything else? Will that even be helpful? I have no clue on how to even make a model, do I need to ask for anything else along with the model in order for it to be useful for me?
P.S. I know everyone says to just have fun during training but I want to emphasize I know ABSOLUTELY NOTHING about finance. If you asked me to walk you through a DCF or $10 depreciation I would not be able to answer.
Geniunely curious on how u got the job?
memorized technical answers without understanding them. got interview through heavy networking & strong resume + target school + good gpa in engineering
If you made it this far with those stats youll definitely be fine. Im doing a stem degree (have done 0 finance coursework), and I was able to learn the technicals in a reasonable amount of time. Just fully lock in for a week and you'll be good.
Good luck but my 2 cents would be go watch a few hours of youtube videos to understand the basics and try to learn the most basic fundamentals of accounting to save yourself from sounding like a complete moron. once again youtube is your best friend for this
As a non-target who could do DCFs and LBOs in my sleep as a freshman and couldn't even get an IB interview this makes me sad. Going to a target is paradise...
macabacus .com/learn has some good learning materials that i remember learning when i was 19. maybe check that out
genuinely so frustrating seeing shit like this as a nontarget
Should've put in that amount of effort during high school to get into the targets
Dumb take. Not everyone can afford it, or knows at the age of 17 what they want to do
I mean I was like 9th in my class out of 300 or so kids, 2 sport varsity athlete, member of a few national honor societies and student government, so it's not like i was sitting around smoking weed all day. Got wait listed at a few targets, but had no idea what a target school even was back then. I probably would have burned out in IB/PE and ended up in corp dev like i am now anyway, but god damn recruiting would have been so much easier.
Genuine question, what made you choose to go so much into the deep end of a very technical group if you haven't studied the technicals? I understand going into a super technical product group like M&A (just going to assume you are in some sort of M&A or some kind of M&A like group for the sake of this answer) if you are a super technical person, but it doesn't make that much sense if not. Sure, you can say that at some banks M&A is the top group, but being a target and having a good GPA (assuming a good bank) means outcomes are not drastically different from an M&A group vs a coverage group of your choosing (that isn't as technical). Just seems like you are committing a lot to something you have no idea if you'll, at least if you had joined a coverage group, you wouldn't be going into as much of the deep end (things like pitches or company profiles are not particularly technical and are much easier to intuitively understand).
However, given your situation, yes would ask the group for help. Just frame it as an engineering kid without finance experience trying to catch up. If the group is as technical and sweaty as you suggested, they should be more than happy to give you the material. It's also helpful for them in the long run anyway.
PM please
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