Incoming PE Associate - Best Practice Models
Title essentially says it all. I’m an incoming associate at a MM PE firm, and while I’ve done enough practice to land the job, I feel like the don’t have the skill set to model properly. Does anyone have any good examples of actual “on the job” models (or something close to it)? Would like to get a sense outside of practice models on what this looks like. Also any other tips would be appreciated, thought I know there’s a recent thread that addresses this latter question somewhat.
Hey Associate 2 in IB - Cov, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
Bump
I’ll give it one last try
From my perspective, wait until you hit the desk and look at how previous deal models look like.
At my shop, there is one LBO template which is used for every deal in the last 10 years across Europe and the US. You basically only plug the business plan, cash flow and financing assumptions and make minor tweaks (e.g. disposal of one division, etc.)
As a result, very limited benefit of looking at any models other than the one your firm uses.
The more complex modelling part is usually the operating model at my firm, where there is no template.
100% agree with this. All my "prep" was a waste of time.
are the on-the-job LBOs you do structured similar to all those LBO modeling tests floating around?
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