Demonstrating modeling experience
Currently working as an FA in corporate banking and have a decent amount of experience with excel and made models in college. However, I’m looking to get into IB or related jobs so I’m wondering whether I need to take up a modeling prep course or something to prove I can model or whether my experience would be enough in interviews? Most modeling courses seem overpriced af and not worth at all
Just send your headshots and any runway photos from prior agencies.
Modeling courses are such a waste of time.
I’d consider myself a pretty experienced financial modeler. I built models for FP&A teams at a big 4 out of school and have ran point on 10 or so Sellside models at my current MM IB gig. I also build models in my spare time sometimes.
All you need to know how to do AT THE CORE is basically how to build out a P&L. Walk down each line and ask yourself how the line item works. Take revenue for example - is it price / volume based? Is it based on contracts? Etc. you can only come up with a revenue build by having a deep understanding of how the biz makes money. Expenses are easier and you can boil the ocean on expenses. If you want to model out raw material costs for COGS and a wage build for salaries expense … whatever blows your hair back man. There are some good three statement model templates online - I think corp finance institute has one. That should teach you how to link up each statement.
Obviously there are nuances to each. Are we modeling M&A? Is this a valuation model or an operating model?
I recommend just starting at the basic build down to EBITDA until you get everything set up and then start making shit more complex.
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