WSO vs WSP Modelling Course and Actual Value
Hello, currently have some spare time before starting at a target. Was hoping to use time efficiently and complete a online financial modelling course for excel. Narrowed the best options on the market to Wall Street oasis and Wall Street prep. Price wise the same, maybe WSO a bit cheaper. Curious which one you guys would recomend to do as well as it’s actual value. Like I know that course certification on my LinkedIn page won’t get me that BB offer but is there any added value (getting into good clubs on campus and interview wise) . Thanks for all the help and advice
If you have a plethora of free time and looking to genuinely figure out how to best maximize your chances at landing an internship, there are a couple of things you should look into before diving into financial modeling.
The internship interview process doesn’t require knowledge of any modeling to be honest. It’s more so about IB interview technicals instead. For that, I would suggest getting a hold of the six Breaking Into Wall Street guides and then going through the IB 400Qs guide (can definitely find a copy of that floating around online). At that point, you’d have learned the technicals and practiced them. They’re not too difficult for a high school senior to grasp at all, but you need to take the time to learn the content. Can then google IB Vine and look at solving those practice questions.
Another differentiator could possibly be a brief part-time internship during the summer before college at a Search Fund (look into other WSO threads to get a grasp) or possibly even a tiny lower middle market boutique bank.
That being said I’m going to also add in the boiler plate idea of making sure you take the time to relax and really enjoy senior year - at the end of the day, you got into and committed to a target school - your on a great path!
The two suggestions are mostly if you are itching to get ahead a bit and possibly make the first couple of years of college a bit less stressful
Thanks for your reply. I hear and agree with the interview technicals part. Deffo gonna check that out. But if I am going to have an summer internship in one of those search funds or lower boutique firms, I think it makes sense to do a excel valuation course to prepare for that in hopes of somehow actually adding value. The question is which one (wso/wsp/ breaking into ws) is most worth it - they all cost the same.
WSP and trainingthestreet train actual BB analysts. Don’t think it matters much, but would echo you’d learn better / more just doing an unpaid LMM PE internship in your city.
Glad I could help and looks like the analyst above me echoes my thoughts. Just to clarify, at several schools, students get access to the WSP modeling course etc. completely for free. For the LMM Bank / PE internships as an underclasman, you will not be assigned to the model / get to work much in Excel etc. These are mostly to get you familiar with the industry and show some interest in the space. My recommendation would be to learn the IB technicals and then network hard (email a bunch of local firms / alumni from your college will be inclined to help). The best time to do the course would be late spring sophomore yr as you’ll have over a yr before the internship starts
As a former mentor of a campus investment team, I’d be more impressed as an interviewer if you signaled that you knew your basic technicals and then followed through when asked a few as well as had a small bank / PE firm that people tend to do their freshman summer / sophomore fall and would be skeptical of any modeling experience mentioned. Also, not having a grasp of technicals like the basics of accounting and being able to verbally walk through a DCF and then trying to financial model just won’t end well. It’s like trying to write an essay when you don’t even completely know your alphabet yet
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