PE Associates - How Much Modeling
Question for the PE Associates out there - how much of your time do you spend modeling? I am joining a good MM/UMM fund in the summer but am at a bank where I am doing very little modeling. Want to see how much time is spent modeling, doing market work, putting together decks, etc.
Thank you!
It's a meaningful part of the job (alongside the other activities that you mentioned). If you're worried that you won't be prepared, I'd brush up a little during your break (if any) between IB and PE. Otherwise, the PE training is usually good and people come in with a variety of modeling experience (I had none).
If you're worried that you won't like that aspect of the job, that's a different issue. :)
Where were you at before PE?
MBB, and I assure you the "modeling" was irrelevant.
Did you go to a consultant friendly fund?
No, I was the first consultant ever hired. Learned via training and apprenticeship.
How big is your fund directionally speaking ? Sub 5b ?
Solidly MM
A lot of time in excel. Building an actual model is maybe 30-40% of it the rest is bespoke analyses to ground truth in assumptions.
Can you give some examples of what this analysis is perhaps even sector specific if you can think of any - very helpful cheers.
I wouldn't be concerned about the specifics since I learned it all at my current firm (e.g. sales pipeline analysis, churn analysis, usage analyses, product packaging analyses, cohort analyses)- it's moreso that you're comfortable manipulating data and creating clean and digestible outputs
Most of the time is spent piddling in Excel
Did you have to do a case study? That typically involves a baseline level of modeling that you would need and then can build from there. Otherwise, there are plenty of good courses and resources online. Chris Reilly's course is one of the better ones I have come across if you don't mind paying otherwise there are lots of good Youtube videos with templates that you could look into before starting. The very best training, however, is trial by fire.
Preach brother
Agree in MM - not actually that much. But - lot of time on cap tables / structuring kinda stuff if you count that as 'modelling' which people underrate / don't think about so much, and then tying it to the legals and actually communicating it to management teams.
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