UPDATE - Director wants to “chat” about my model as an intern. Wtf?
Quite a decent amount of people shared their opinion on my last post where the director wanted to "chat" about my DCF so I thought I'd give an update as the chat occurred yesterday. Long story short most of you were right.
It was surprisingly pleasant although despite expecting and preparing for it I was still flash-banged by the sheer directness and pragmatism. I'll re-word some of the quotes that stuck with me. "Show me the terminal value", "why this multiple" "good." "This is unnecessary" "It looks the way it should." "Growth could be played around with a bit" The criticism was actually given in a surprisingly positive way too.
Essentially it was: "I appreciate the complexity you achieved here but next time remember the input assumptions trump the way the model looks".
One of you also said he might talk about how the group does the WACC or different assumptions which was also true. He mentioned that the way I approached the WACC calculation is expected and not completely wrong but it needs to be worked on, but it's expected for me not to have known how the group does it.
I honestly feel like I navigated the questions well and I actually thought the feedback was solid and true. I also feel like he appreciated the technical skills of putting the damn thing together especially since I tried to really achieve the standard of a FT analyst, and even added both the exit multiple method and the perpetuity growth method with a nice little matrix so sensitivities can be played with. Then we spent 10 minutes just talking about how I like it and where I'm from/ my background etc. Really solid experience overall tbh and thanks to all of you who told me to chill out.
You should put this in the original conversation, opposed to starting a new one.
happy it went well, but you need to chill on the addy bro
"The criticism was actually given in a surprisingly positive way too."
Get used to this - this is how the job works (i.e. seniors providing comments, not criticism)
(please I hope their director sees this thread)
I like the update (Reddit) touch. Thanks! Was on pins and needles all night thinking about you and the big talk!
hahaha
Unde consequatur architecto voluptate. Autem recusandae occaecati dolorem quaerat aut. Ipsam et saepe quia aut libero. Nemo placeat amet voluptas est et voluptates.
Sint itaque odit distinctio totam ut et non. Molestiae iusto atque vel ut nihil id ullam velit. Beatae eum mollitia molestiae at et ea quam. Dolor nobis libero vel exercitationem maxime accusamus.
Qui fuga aut ad occaecati labore. Distinctio earum facilis ut fugiat dolor sint et. Esse repellendus perspiciatis enim quisquam magni nihil ea. Sint et porro quo rerum repellat. Quidem sint accusamus quasi saepe.
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...
Excepturi laborum et quidem in. Qui natus id libero tempore. Ducimus alias nisi molestiae est doloremque.
Fuga ex eveniet architecto consequuntur beatae. Quia unde molestias expedita non. Eos qui voluptas quasi est sed facere. Sint tenetur enim ducimus expedita similique laborum sed delectus.