I can’t do mental math
I can’t do mental math, will that be a problem? It’s almost like a disability for me. I just can’t seem to visualize numbers in my head well other than basic multiplication, addition and division. Small numbers.
Eh, not really at the junior level. Most of the time you will just be in Excel. Sometimes the seniors I work with so backhand math for deal value or financing structure but it’s not like the analyst is really expected to do that.
I will say though, it’s important to understand math in the sense of being able to quickly analyze when a number is wrong. Also you need to understand algebra/how formulas work so you can back into numbers/analyses, even when the actual computation is done by a computer/Excel.
The only time I really had to use mental math was for a paper LBO during OCR, which you would definitely be fucked on if you can’t do mental math quickly/accurately. It’s actually pretty difficult, think about building a LBO on paper without a calculator and having to build out the growth rates and margins and then flow through all your calculations to get a valuation.
Aut ducimus praesentium omnis magni. Ipsa doloribus atque et laudantium autem minus rerum deserunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...