Macabacus Pluggin…is it used on the Street?
Rising junior with a soph SA gig taking some Excel courses, and the CFI course keeps promoting Macabacus (one of their free (?) products). Supposed to save time in Office with tons of added shortcuts, but I was wondering if it's actually useful/used on the street. Someone at my firm mentioned it once, but didn't go into it.Obviously I am using the QAT, shortcuts, etc to save time, but was wondering if it was worth learning this 3rd party product. Are there ever compliance issues with downloading it? What's the learning curve like? Seems like a lot to learn when I'm just getting a grasp on Excel functions as is
It’s used at my MF PE
Ok prospect
Most firms use WSP or financial edge, Mac is great for conceptual run throughs but most firms have their own shortcuts to an extent
I would only recommend getting really familiar with the formula builder in CIQ. I know some firms use the pitch book plugin but it’s a steep drop off for other 3rd party plug ins after that
Yes it’s used and useful I would get it
Different among banks. Some have their own software/versions of Macabacus. But easy to pick up if you use macabacus regularly
Bump
Not really a way to find out until you ask around your group or intern there. Usually CapIQ or FactSet for data pulling. But once you’re on full time, I would actually spend time getting good at the formulas and figuring out what’s possible. This goes a long way, e.g., saving time with price updates, massive arrays for a ten year peer multiple chart with 20k cells or something idk. Swear to god, six months into the job, some analysts still sit there for 30 minutes waiting for FactSet to update (with possibility of XLS crashing), when if you did it right can be easily outputted in 3-5 minutes.
MM balance sheet bank….lateraled here and we didn’t have it. Spoke with group head about it recently and now we’re getting it for our group. Very helpful for all the work we do in excel and ppt.
If anything, use Maccabus early while you're learning to use excel without the keyboard. Smart precedents / dependents alone will make learning excel MUCH MUCH MUCH easier since you can trace back formulas to see where they're coming-and-going and what they're doing. It also helps learning how to model the "smart" way (e.g. having all your forecast calcs coming from a single tab, vs recalcing them in random places in the workbook whenever you need them.....which eventually lands you smack dab in the middle of Bustville, USA that you'll spend all night trying to fix)
You'll eventually learn either Cap IQ or Factset if / when you begin a career as an analyst, but learning the MS excel basics before you move to writing Factset excel logic seems like the appropriately linear way of going from a novice-to-advanced user.
No idea why the brainiacs Microsoft can't make this a standard feature in the factory-model version of MS excel........
Use it but more for powerpoint than excel. Makes aligning stuff and adding figures 10x faster
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