"Do you work from templates or from scratch?"
What are interviewers looking for when they ask this? We do 99% of everything from a template and add things as needed. Who is actually underwriting everything from scratch?
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bump. Hard to answer this whenever i get asked bc we never build models from scratch. Not sure what a good answer looks like
The real answer is the honest answer. If they are serious about it, they will give you a modeling test.
IF you have ever built a model from scratch, then the answer is yes. But would assume for most people in finance the answer would be, we work off dynamic models which we adjust.
*I have built some very complicated models from scratch, and honestly when I've done it, I usually just use the same format or template. But I model circles around so many people...even though I am out of the weeds now.
Bump, curious as I was just asked this in an interview this week and the reaction from the interviewer was not reassuring haha. Everyone I know of typically works off a template. Wouldn't it be pretty inefficient to build a model from scratch for every deal?
once I do some weird structure from scratch once, I have it as a template. So becoming increasingly rare but wasn’t uncommon early on for me
I’ve also always been the sole person in excel and argus at my companies so this probably contributed. Just be honest but I’d imagine the smaller and less institutional companies would want to hear you don’t need to rely on a template for everything.
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