How Technical Are You / Most People Really?

Having now spent time at a top BB and PE firm, I feel as if technical skills are vastly overblown in the interview process. I find that there is no strong correlation between technical (read: modelling / valuation / accounting understanding) and career success. Perhaps this is unsurprising, but I had thought that certain skills were table stakes, especially given some of the supposed technical questions in recruiting guides. To be clear, I am not talking about knowing how to create an LBO / DCF. Some example topics I thought most would understand, but find most do not:


Do others agree? It's very possible it's just who I have worked with.

 
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Agree with the above- I work at a firm that also hires consultants and they definitely don't understand the details but I don't really think knowing these things by heart are that important so much as you can figure it out when the task calls for it. 

I also came from a banking background and my view is that modelling is arguably the most commoditized skill you can have in PE. Being able to a) bring in deals and b) think through risks, growth levers, and the returns you need to be compensated for the profile of the deal are much harder. 

 

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