There have been a couple forums on similar issues that I've seen, but with regards to modeling and valuation, I'm confident that all the banks have their own in-house templates they use. Are these the models analysts always use in their day-to-day work or does the nature of the work require creation of models from scratch on-the-go?
My internship this summer isn't at a bank, but we do a lot of valuing and modeling. We always (ALWAYS) use the company's basic model. In situations where the model is too rigid, we'll hard code some additional assumptions or make tweaks (and then have to defend our necessary changes with the higher-ups who ultimately end up acting like the tweaks were their idea anyway...). Just wondering what the deal with banks was because the assets and companies we're working with are usually fairly similar so this approach makes some sense but I can see how a banking analyst would be working with a number of different, varied, and likely more complex companies/assets/etc.
Any insight's appreciated
