Incoming FT analyst - how to improve financial modeling skills ASAP
I'll be starting FT at a BB in the summer. Honestly, I feel that I suck at financial modeling and would like to work on improving it before I start. Any advice on what would be the best way to do this in the next 1-2 months?
You'll get pretty good training, especially at a BB, but if you want to be ahead of the curve you can purchase a training program on your own. Tons of threads on here regarding that.
Delete.
My bank sent me some prep booklets ahead of time. You can also ask HR if they have a leftover copy of the materials from last year that you can use.
Just a heads up to anyone hitting this old discussion: I put together a side by side comparison of the top financial modeling training courses here: http://www.wallstreetoasis.com/financial-modeling-training
Analyst Level Modelling? (Originally Posted: 05/17/2015)
Quick question, what soft of modelling proficiency would be expected at an Analyst 2 position? Reason for ask is, I applied for M&A Analyst 2 role at a boutique and I had to sit for a 2-hour modelling test - 3 statement from scratch, DCF, range of P/E valuation + sensitivity. I thought this was unduly rigorous for an analyst position but I may stand corrected. Move is lateral however my experience is in corp banking/LevFin so modelling experience is less equity valuation more credit/cash flow. It's been a week and I'm still anxiously waiting a response !
Not terribly uncommon. I give similar exams to potential analysts/interns expecting that they aren't going to be 100% -- more just to understand where you are currently at technically...
Thanks, that's comforting to read. I didn't manage to finish the entire valuation and initially assumed they wanted it done to 100%. This has been a source of anxiety. Fingers crossed now, cheers!
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