How long does it take to be decent at financial modeling ?

One of my friends gave me BIWS and I want to go through it over the summer. I wanted to know how long did it take you guys to get descent at LBOs, DCFs, etc to the point that you could do the technicals at the interview ? I’ll be a junior this fall and wants to have basics down. Thank you

8 Comments
 

Takes some time but you can definitely get it down. Building a model of a real company is very helpful. Start with a simple company like Apple and can work your way through a few different ones.

 

^^^ I found that once I actually built a model myself it was a lot easier to understand. Just find a good template either online or through a school organization and put it together yourself. It might take you a long time at first, but once it is complete the next should be a little easier. You can recite the typical DCF/LBO questions from memory, but it makes it a lot easier to articulate if you have experience building models from scratch

 

Repudiandae quae eum animi quod. Quam quidem impedit placeat corporis et. Incidunt eum velit possimus doloribus aut voluptatibus quos. Eum quia eos beatae facere. Et impedit aut quia quidem.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”