WSP and Rosebaum Model Templates and Instruction
I recently completed my first super day with a middle market firm for a lateral hire analyst position, and unfortunately I did not get an offer. I was disheartened but I knew I would be up against tough competition. When the managers presented their feedback to my performance, I knew what I was going to be dinged for. They softened the blow by saying I was a grinder and showed a lot of passion for the industry. They even referred me to another lower middle market firm which whom I am slowly starting initial dialogue with. So I truly think they meant what they said that it didn't have to do with my personality.
They said the reason I did not get an offer was mostly because my modeling skills still needed improvement. I suppose there were formatting and inconsistencies in my models. For the case study, the candidates had to build a comps, dcf, and lbo model. What surprised me was that they said that even though my models were more detailed than the other candidates, they weren't as realistic and true to life like a live deal. They were more scholastic and theoretical in nature.
The templates I used and the way I learned to model was with Wall Street Prep and the textbook by Rosenbaum and Pearl called Investment banking and featured modeling templates. Are these templates and instructions not true to a live deal and working in an investment bank? If they aren't can anyone point me in the right direction of learning how to model like you would if you were an analyst working on the street?
