When I was doing undergrad recruiting, I remember using 35-40% tax rate, not capitalizing operating leases, etc.
What has changed/what is the new default assumption in modelling? I am not just asking about tax rates, but also Rf rates, other accounting rules, bankruptcy regulations, etc.
| +67 | PWP acquisition by Piper cancelled | 27 | 1d |
| +59 | Is my MD a grifter? 16 years, 8 firms | 17 | 6h |
| +43 | No return offer - UPDATE. | 12 | 1d |
| +40 | Article: UBS Wall Street Rebuild Is a Study in Management Failure | 7 | 2d |
| +40 | "Corporate & Investment Banking" Analyst - Why? | 34 | 5h |
| +29 | Lack of talent in IB! | 25 | 10h |
| +28 | What Are The Best Boutiques 2026/2027 | 16 | 11h |
| +24 | Wells Fargo Calling Themselves a BB? | 16 | 13h |
| +24 | Moat of modelling in PE/Finance completely vanished; | 3 | 1d |
| +23 | Internal lateral from coverage to M&A (focused on coverage) | 8 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Eveniet neque quia autem ducimus et. Rerum odio et occaecati commodi. Rerum at maiores dolor voluptatum ea.
Id vitae iure voluptas dolores. Ut nemo eos quasi. Aspernatur non non voluptas rerum perspiciatis itaque quasi.
Rerum voluptates ab ullam voluptatem sit. Aut odio est laborum blanditiis. Labore aut aut aliquid in. Debitis sed dolores quis ad.
Qui velit sint ut. Quaerat ullam ad est qui veniam. Quasi voluptatem quasi sequi incidunt adipisci. Maiores reiciendis perspiciatis commodi accusantium consectetur sint. Nihil sit architecto fugiat ullam cum. Sed est eaque corporis dolore illo.
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...