Greetings:
After lobbying my boss at a regional investment brokerage to set me up with a director at their investment bank (I have literally been doing this for months), he informed me today that I will be meeting with this gentleman tommorow. I have had zero finance internships, have been working at the investment brokerage in a back office role for about 10 months, and have taken a few classes towards my MSF at an area college.
My boss (who is also an MD of this investment bank and CEO of the company that owns it), says that I will have to "convince Director I am capable, which could be challenging given my lack of financial modeling skills, but is still doable." That is very nearly a direct quote. This came about at the end of the day, and he and I are meeting to talk about his ideas to accomplish this tomorrow, but in the meantime I would really appreciate some help from WSO.
I have some knowledge of Excel (basic pivot tables, Vlookups, financial calculator functions, absolute/ relative cell references etc.), and what I feel is a pretty solid understanding of the balance sheet, income statement, and statement of cash flow from my coursework. My boss also knows me to be a hard worker, or he wouldn't have made the call to set this up at all.
Given this background, what is the best way I can convince this man to take me on board? This is a small bank, that doesn't necessarily have a training program, so this is a bit unorthodox. I plan on buying BIWS if given the opportunity, but with one day, it seems a bit ambitious to learn tonight.
Is there anything I can brush up on very quickly that will help my case?
memorize the Vault Guide to Finance. no seriously do it.
don't know what kind of deals this "investment bank" does, but make sure you can calculate Free Cash Flow and walk the guy through a DCF model, as well as other valuation methods such as comps at the very least.
best of luck.
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