Learning Macabacus by myself
Is it worth it to pay a Macabacus solo license and learn to efficiently use it? Which are your recommendations to take my excel to the next level?
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Ah, diving into the world of Macabacus solo, are we? Based on the highest ranked content on WSO, it's a move that could indeed sharpen your Excel skills and make you a wizard in financial modeling. Macabacus is like the Swiss Army knife for investment banking, private equity, and other finance professionals. It's packed with features that can automate and streamline financial modeling, presentation preparation, and more.
Here are a few recommendations to take your Excel skills to the next level with Macabacus:
Start with the Basics: Before diving deep into Macabacus, ensure your Excel fundamentals are solid. Macabacus builds on these skills, so having a strong foundation is crucial.
Utilize Macabacus Tutorials: Macabacus offers a range of tutorials and documentation on their website. These resources are invaluable for learning how to effectively use the tool. Spend time with these tutorials to understand the features and how they can be applied to your work.
Practice, Practice, Practice: Like any tool, proficiency comes with practice. Try to incorporate Macabacus into your daily tasks. Start with simple models and gradually incorporate more complex functionalities as you become comfortable.
Join Online Forums: Platforms like Wall Street Oasis are great for learning from others' experiences. Engage in discussions, ask questions, and share your own insights about using Macabacus.
Explore Templates: Macabacus comes with a library of templates for financial modeling, valuation, and other tasks. Dive into these templates to understand best practices and how to efficiently structure your models.
Feedback Loop: If you're working in a team, seek feedback on your models and presentations. This can provide insights into how to improve and leverage Macabacus features more effectively.
Investing in a solo license for Macabacus and dedicating time to learn it can significantly enhance your productivity and the quality of your work. It's a tool that, once mastered, can provide a competitive edge in the fast-paced world of finance.
Sources: Q&A: 3rd Year PE Associate ($10bn+ AUM, MBO/LBO, equity, mezz, distressed debt), No Bonuses (Lower Bucket) at Goldman, IB Burnout - Is it worth it?, Learning to learn - A short guide at becoming better at what you do, Tools of the Trade: Pro Tips
It was worth it to me. There's a Lite version you can get that's cheaper. Once you install it, on toolbar go to Macabacus > Settings > Keyboard > Print > Customized Macabacus Shortcuts. It will open a new excel worksheet that lists all the shortcuts ranked in order of utility (i.e., how often they're typically used).
I've also heard good things about Arixcel. They have some major clients on their splash page. It's only $3/month. I've used Macabacus so long, it's muscle memory for me. But if you're just starting out, maybe try Arixcel.
Does anyone know if there's a use case for this in real estate or general financial modeling (i.e. not corp PE specific)? Also, for someone who's basically mastered Excel and can quickly create formulas & tables, is this useful?
Does anyone know if there's a use case for this in real estate or general financial modeling (i.e. not corp PE specific)? Also, for someone who's basically mastered Excel and can quickly create formulas & tables, is this useful?
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