Preparing for the buyside

Hello,

I am currently a consultant (MBB) and have accepted an offer to join as a Pre-MBA associate for a lower middle market PE fund next summer. What do you you think is the best way to prepare for the modeling component for my new job? Since I am a consultant, this is what worries me the most; I still have a ton of time until next summer though. Are there any websites / modeling guides you all would recommend?

Additionally, if there's any other advice you all have for preparing for a job on the buyside as a consultant, it would be most helpful. Thank you!

 
Most Helpful

Congrats on new job! Really only way to prepare is to practice, find some resources and thoughts below:

  • Shameless plug for the WSO PE materials, this will be all the preparation you need
  • Go read a 10-K for a company you like then model their historical numbers + add your own forward projections, build a DCF, build an LBO, etc.
  • http://macabacus.com/learn [has EVERYTHING]
  • MI [more banking focused, but they have PE materials and a Youtube channel with lot of model walk throughs...also since you skipped IB, you should get a feel for M&A since you might be working on add-ons]
  • https://www.asimplemodel.com/
  • https://multipleexpansion.com/

Honestly, please don't go through all of those, it'll get redundant, but I hope that helps!

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