22 Comments
 

The online program is like 5 or 6 modules (I forget), and each one takes about an hour. It's expensive, but the information is good.

TTS does in person instruction, but it's like $800 a day.

They are also obviously known for analyst training.

 

I have complete the level I DM. It was around 40 hours.

Good material. I am not in IB yet, and I would say my one reservation with DM is that the model/material is not "real-world" enough.

I would be interested to see what a full blown model maintained by a bank actually entails and what additional components are not included in the DM material. Anyone with some insight?

 

The dealmaven model is a pretty good representation. The models I have dealt with are, however, not one simple excel tab - they are a multitude of tabs and can get pretty ugly.

When I first did it, I also felt the dealmaven model was too simple, but it really is a pretty good teaching tool. You'll find that most of your pains will come from finding/adjusting the information for/in your model.

 

The Analyst Exchange is the most detailed by far. It does take a LONG time though, but it's live one-on-one instruction. The models are complete and are the same ones currently used by the banks. It can be a bit pricey, but if your looking more for than just a review, it can be very helpful. They also prep you well for interviews

 

I just finished Wall Street Prep and found it very beneficial. One aspect I like is the emphasis on the intuition behind buliding the models. On their website, they state average completion time of 70-90 hours, which seems about right. I finished the program in about 2 weeks, dedicating around 5 hours a day.

 

I learned at my own pace and with a live trainer. I spent 14 weeks training at least 4 days a week. The trainers are what really sets the program apart from the rest. All the programs teach the same stuff. It is how it is taught and the application of the theories that make the difference. Anyone can download a template from the internet and start modeling, but not anyone can show you the right way to create and adjust your models correctly. My trainer at the analyst exchange owned his own PE firm. He was teaching me stuff that he was currently working on for his firm. No other program offers that kind of insight especially a take home "do it yourself" course. Look at the trainers not the time limit of the course. If you are concern with the time frame consider The Analyst Exchange because you take the program until you are a master of the skill sets. You will not finish the program unless you know everything completely.

 

I did AMT and TTS for training at my bank. Both have very strong programs, but I do prefer AMT (but I think my bank should keep both firms for good overlap). Can't comment on their buy your own training. It's good practice, but remember, you will go through a similar training when you're hired. Spend your time prepping for interviews, not prepping for training.

 
Best Response

What's next? Are we going to compare racing abilities of BMW M3 and Honda Civic?

Listen, The Analyst Exchange sounds like a great program, but STOP COMPARING IT WITH WallStreerPrep/DealMaven. They are in different study categories (One-on-One Coaching vs Self-Study) and pricing ($400 - $600 vs $2,000 - $3,300). I have no idea what kind of junior/senior would shell out over $2k to learn how to model. For that money I could take CFA Level 1 + WallStreetPrep + DealMaven + TTS + Private Equity 101 + have some left to take GMAT twice

"My trainer at the analyst exchange owned his own PE firm" Listen, my dad owns a small business, not his own PE firm, and he rarely has time to talk with me. Why would an owner of PE firm waste his time on teaching models?

P.S.: check JackSteven, Fquinn & jay_schuler tracks.

 

PussInBoots is right.

You can't directly compare because there's different instructional design methodologies with each program. You just have to a. know your own learning style b. check your budget

to see which works best for you.

I like The Analyst Exchange, but if something else fits you better, then go for it.

:-)

PussInBootsWhat's next? Are we going to compare racing abilities of BMW M3 and Honda Civic?

Listen, The Analyst Exchange sounds like a great program, but STOP COMPARING IT WITH WallStreerPrep/DealMaven. They are in different study categories (One-on-One Coaching vs Self-Study) and pricing ($400 - $600 vs $2,000 - $3,300). I have no idea what kind of junior/senior would shell out over $2k to learn how to model. For that money I could take CFA Level 1 + WallStreetPrep + DealMaven + TTS + Private Equity 101 + have some left to take GMAT twice

"My trainer at the analyst exchange owned his own PE firm" Listen, my dad owns a small business, not his own PE firm, and he rarely has time to talk with me. Why would an owner of PE firm waste his time on teaching models?

P.S.: check JackSteven, Fquinn & jay_schuler tracks.

 

Quis nemo deserunt error non sunt molestias et eligendi. Rerum unde illum consequatur non. Quibusdam voluptatem nemo minus autem in.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
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...”