Hope everyone is in the same boat. I haven’t even hit the desk yet. How the fuck am I supposed to be able to do a full fledged LBO from scratch and have a full on thesis for the “deals I worked on” which was just editing logos on PowerPoint? This is absurd.
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Same. Certainly doesn’t help that I’m coming from a consulting background. Where’s your head at? Sitting this one out, recruiting off-cycle in a few months?
You’re deal walkthroughs are irrelevant but the LBOs are something you don’t really learn in IB anyway so I would focus on that / what you can control
It’s nuts.
I just wanted to pop in here and wish you all the best of luck, genuinely. It's a stressful time right now. Everyone thinks their underprepared, and everyone thinks that they have no shot. Control what you can, take care of your own health, and ride the wave. I'm a fucking idiot, and I made it. Have no reservations that nearly all of you will as well. Cheers!
As far as deal experience goes, just do your best. But the LBO you will need to do on your own time anyway. Banking won’t teach you that skill. Although intimidating at first, you’ll surprise yourself on much you’ve learned on just 2-4 weeks of really hammering on LBOs.
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