Want to lateral but stuck with limited modeling experience
Hi, I'm looking to lateral from my current firm (regional boutique) to a MM. I've been an analyst for about a year now, but while I've had exposure to all parts of the M&A process, I really didn't get to work on the models much on my deals, other than updating them with the most current financials. I was told that first years at my firm don’t really build models (although I don’t think that’s true)
I feel like I haven't gotten the modeling and technical experience that one should have gotten as a first year. I know that my interviewers will ask details on my modeling experience, so is there a way to angle this better? Honestly, I would be willing to be hired as a first year, but don't know how to word that..
If it helps I’ve closed about 3 sell side m&a deals ranging from 25 to 100M. Thanks!
What type of deals ?
M&A Sell Side
A lot of analysts and associates in MM/BB groups have no closed deals on their resumes. IMO you should easily be able to lateral to a MM/BB/EB as long as you know those deals insight and out and I would just tell them you were the sole analyst driving the model to play yourself up. Also you could easily move to PE as well rn
But I only updated the model, I didn’t create it. I understand though how to model that’s not an issu
In that case ask your VP if you can set up a time with him so he go go over anything you have questions about
Thanks will do, I’ll ask more question
spend a few hours learning how the model works, revenue build, down to cash flows. then understand the different cases/scenarios, their impacts, and the logic behind them. Then in your interviews just say you built it, they aren't gonna check
Thank you appreciate it
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