Do I need to know Finance before I start?
My undergrad major is not in Finance or Econ. I got a FT job with IB M&A analyst this coming Sept. Do I need to understand any Finance stuff before I start? Based on my summer intern job. I am mostly updating Excel & Power point presentations after each meetings. I know my boss try to explain to us but I honestly do not understand the details but since the work turnaround time is quick so i just do whatever i need to update and report the update.
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Were you a diversity hire?
What kind of question is this? Holy fuck.
I mean... You don't need to know everything but like... At least have a foundation...
There are numerous posts on here of people who went in unprepared and ended up unhappy cos their entire analyst class is having an easier time than them.
How do you even get an FT offer without knowing a bit of basic finance?
Prob diversity hire
I will say plenty did go in clueless though and have turned out alright or sometimes exceptional
People don’t know “finance” 5 years in, they know what they do. Any recent Economics grad prob has more all-round book-based knowledge than an MD. It means nothing when you’re starting out, bcs nobody knows shit about how the job works right out of uni. You’ll be fine.
You could probably get away with not knowing anything in 2021 but the 6 month honeymoon for first year analysts as we know it is gone. Know it or you'll get laid off.
No OP but can you elaborate on that..I’m a incoming first year, and what am I supposed to do the first months
Your first impression will pretty much decide your fate at your new job. Too much talent, not enough jobs. Everyone's replaceable.
If this isn't a troll, holy shit lol. Thank your lucky stars that you come from a target school. Hundreds, if not thousands, of non-target applicants know the 400 question guide inside-and-out.
What is it with these comments? In the UK the degree you do is irrelevant to recruiting, thought it'd be the same in the US? Of course there are going to be people who aren't fucking finance nerds who know everything about it going into it...
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