So, I currently have office 2003, and 2007. I have a hard drive with Vista, and with XP Pro. I will be going to business school in a year and hopefully banking in 3 years. To those in banking, and professional businessworld in general, do you see Windows 7 dominating by then? Will companies switch to W7? What about office 2010? Should I be practicing valuation modeling on excel 2003 or 2007? Should I skip 2007 entirely for learning and go straight to 2010?
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wouldn't modelling be more impressive and effective using professional modelling/statistics programs?
Um, I am a noob to banking, but everyone uses excel. Excel is very powerful, most people just don't know how to use it. You can write code in VBA editor just like you would with MATLAB/simulink or programs like that.
Let's not kid ourselves...Excel has nowhere near the computational horsepower of MATLAB or R, even if you're very proficient with VBA. The fact of the matter is, however, that there's virtually no type of analysis you might do in Investment Banking that would call for such large-scale computations. This topic actually reminds me of analyst training when one of the TTS teachers said "Microsoft Excel 2003 has 65,536 rows. But who would ever need that many rows of data?" and I almost burst out laughing.
I agree. I am an engineer and I am aware of the analysis MATLAB is capable of, but I was speaking within the confines of the types of analysis done within finance. If you like Matlab, you should check out Maple. It works off MatLab but is more user friendly.
Someone must have an opinion on this. At least I am not asking to "rip my resume" or rank offers from two different banks.
Most investment banks will be switched over to Windows 7 over the next three years. It's time for a corporate PC refresh cycle (desktops are generally 4+ years old now, coupled with new and improved OS) and it'll most likely occur in 2H10 and throughout 2011. As for switching to Office '07 or '10, I'm not as confident about that. We're still using '03 in my office, which is pretty standard at most invesment banks in my opinion. It wouldn't shock me though if we're switched over in three years though.
Hope this helps.
cant speak about the OS question or whether banks will actually switch to the new office products, but if you know MS Office 2007, the switch to 2010 will be incredibly easy. the biggest overhaul is between office 2003 and 2007. you can download the office 2010 beta if you want to see what its really like, but the main differences arent overwhelming. see below for the link to the beta version.
http://us1.office2010beta.microsoft.com/default.aspx?culture=en-US
the banks won't switch over until microsoft stop supporting windows XP (yes - XP not vista). Even then, it's a discussion whether to support it themselves or move to the new OS.
Banks have a ton of proprietary software (most of which to prevent you from doing stuff - like USB keys) or allows tech support to remote into your desktop, etc.
The question for the IT staff is what does windows 7 have that XP does not? Most users need Office, Explorer and a few other add ons that work fine with XP.
Office 2007 would be a bigger pain. Outlook is relatively straight forward. The others will be more difficult depending on how many macros and add-ons you have. Something is bound to not work, and it's really hard to justify office 2007 when 2003 works just as well (but not as pretty).
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