Hi,
I'm relatively new to this, but feel like my modeling skill is not really improving. People keep telling me that it improves with repetition, but I don't think I'm getting better at it between repetitions.
How long after you started in banking did you start to feel very comfortable with modeling? What are some tips I can adopt? Sometimes I feel like I'm just relying on template or copying/pasting without really knowing how to check things...
Thanks
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You should try to take a step back and think about what you are modeling / trying to accomplish vs. just mechanically following a template or formula.
Maybe try to write out a description of each step you are taking to explain (at a 8th grade level to make sure you fully understand the purpose of each step)
Build your own. There is no better way to learn than to build. Doing so will not only cause you to better understand the model, but also the transaction you are modeling.
I am not a math guy by any means (shocking?) but I got into the gist of modeling by working thru understanding what each line item etc really means in the grand scheme of things. If it helps, write down in a comments section what each segment of the model represents and how it ties into getting to the final goal... assuming your gripe with modeling is the conceptual bit.
If it's the excel portion just be a machine and practice shortcuts etc you don't get over and over with the goal of efficiency in mind
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