Future Summer Analysts in Study Abroad

Who is enjoying that last semester before the real work starts, and where at? Also any advice from people that have done this before/how to be ready for the internship when it starts at such a fast turnaround time?

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Doing it right now. Stockholm. Cold as fuck.

Jokes aside, this whole fall I was very concerned with how I was gonna get up to speed but I wrote out a study plan and have been doing well so far. Yes, when it gets warm this might be harder to pull off, yes I should expand my "worldview" by seeing where Alexander the Dank pulled his shaft out or whatever, but there is so much free time - classes are easy and grades don't direct transfer for my GPA. I know I sound like a cocky douche here but please know that I understand I don't know shit. Anyway, see the summated plan below:

  • Topics:
    • Somewhat-advanced Accounting (OID/debt shit, leases, SBC, NOLs; goal is to easily do 3FS from scratch)
    • DCF (full spreading of comps, WACC calculations, normalized terminal year, scenario analysis, football fields; goal is a thorough DCF from scratch)
    • M&A (sources and uses, synergy modeling, returns attribution, [it's pretty straightforward]; goal is a full merger model)
    • LBO (debt paydown model, bolt-ons, dual-track financing; goal is a full LBO)
    • ECM/DCM (more intricate debt models, convertibles, diluted share count, YTM/C/W, IPOs/FOs; goal is a full financing-analysis model)
    • Excel (I'm kinda nice at excel but maybe VBA, better with formatting, tables, cleaning up assumptions)
    • PowerPoint (Getting better with PowerPoint is a big one - I'm not too great at it; goal is ability to do a full teaser)
  • 2hrs a day M-F, 2 weeks per topic
  • I plan to network and keep contacts warm as safety net/move upstream, which is not included in those 2hrs. But the time zone difference makes this easy; 6hrs is not bad if calls are before 5pm EST.

I started last Monday and it works out to finish by right around the end of April. This leaves me the full month of May to travel (and I DO plan to travel during spring break and occasional weekends too, including next weekend). I literally got some ass today so don't act like I'm becoming some hermit because of this. 

 

How overkill is it for SAs? Most people have said to me interns don't really do any modelling

 

Depends on your baseline knowledge. I’m forcing myself to do two hours, and not stopping if I’m done with a topic. You can always learn more.

If you know accounting well, the rest will flow easily. I’d say you could get pretty damn ready (know the mechanics, but not do the actual modeling) in 20-30 hours.

You’re gonna get out what you put in to it.

 

I know technicals like the back of my hand (from interview prep) but I'm mid at excel (currently doing the wso course) and very little modelling experience

 

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