Training Juniors

Anyone have links or resources on good training materials I can rinse jr hires through? Fairly green entry level analysts etc.

I have a rough ciriculum I built, if you can call it that, but I'd like to see what other firms do to train their analysts.

What I have so far is basically a few books + case studies from our firm + books specific to our industry and then news site to follow, etc...

Thanks

 
Most Helpful

As an analyst in a industry-specific investing role within an unstructured program, these are the things I used/people on my team gave me in no particularl order. FWIW my team is very small/lean and flat.

  • Workwise, I was pretty much thrown in and asked to fill out one of our first-round IC memos based on a CIM to the best of my ability to then discuss with someone on the team; I also started out by helping with qualitative DD on a later-stage transaction. Responsibilities gradually expanded to evaluating more complex situations, working more independently (as an associate-lite myself rather than supporting an associate), participating in discussions on structuring and IDing potential red flags as I got more familiar with the space.
  • Find the most simple/straightforward model you have and give to analyst to rebuild, ask questions about line items and calculations, key metrics, "do you see any concerns here", etc.
  • Walk through term sheet
  • Overview papers from law firms that work in the space explaining the pros/cons of different deal structures (for my industry it's pretty common to see these targeted at a non-expert audience, these were definitely the most helpful for me)
  • If you have an associate-level modeling test that's meant to be completed in 1-3 hours, have the analyst do it (with no time constraint)
  • Highly recommend including your analysts in negotiation calls, meetings to go over documentation, etc. They will have no idea what's going on for a long time but it's super helpful over time for pattern recognition of what terms tend to be the most contested
Array
 

I have Several exercises - I have college kids working on them, w/ BLANK and SOLUTION. I’m creating an online course in this arena w/ these exercises, but in the meantime, I’d be open to discussing offline and sending if they would help.

Includes hyperlinks all organized + PDF + extracted PDF of the specific pages you would need to do the exercise (1st time they do it). I initially taught 4 high schoolers a curriculum in person in 2.5hr and its evolved from there. DM if interested and we can go from there

 

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