Building Models as Analyst
What % of models that you are building as an analyst in IB are built from scratch vs. building off the views and work of equity research reports? Going through the WSP course, and the teacher leans on ER reports in their methods. Thanks.
I haven't taken that course, but this is sort of the wrong question (unless I'm misunderstanding).
1) Model Mechanics - you'll typically be building these "from scratch" or using a template that your team holds (which then needs to be modified according the requirements of the task (for instance, the top-line growth of a company in restaurants might be driven by LFL sales growth and number of outlets rather than a simple % increase).
2) Model Inputs - here you'll almost certainly (except in simple analyses) be required to build a model with various sets of assumptions (or inputs). One of those cases might well be broker consensus estimates (extrapolated per your bank assumptions beyond that), but other cases will require judgment, interaction with your client, etc. to populate. Remember also that you won't always be working with listed companies, and so equity research won't be available.
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