20 Comments
 

What if they asked you to elaborate on your 'knowledge of equity valuation?'

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Esuric

What if they asked you to elaborate on your 'knowledge of equity valuation?'

I would say "I value businesses qualitatively an quantitatively. I first start out reading an industry primer for the company's industry. I then read what services/products the company provides. If I understand the business I then move into the next step which is a thorough analysis of the company's last ten years of financial statements. While analyzing the financial statements I highlight anything that pops out at me and needs explaining. After the financial statement analysis is done and turn to the three latest years of SEC filings. In the filings I look for explanations for the items I highlighted in the financial statements. I also read the filings to check and see what management is like (are they greedy, are they true to their word?). After a thorough analysis of the filings I check out the company's competitors. After this I read articles and blog posts pertaining to the company or industry to figure out what the market's perspective is to the company. I then arrive at the final process, the intrinsic value calculations. I like to use the discounted cash flows method (DCF) as well as asset values and earnings power value (EPV) methods. I use these methods to find my price I would like to buy the stock at. I then add the stock to my watch list." Sorry, this explanation might be a little rough.
 
Mr. Bentley Esuric:

What if they asked you to elaborate on your 'knowledge of equity valuation?'

I would say "I value businesses qualitatively an quantitatively. I first start out reading an industry primer for the company's industry. I then read what services/products the company provides. If I understand the business I then move into the next step which is a thorough analysis of the company's last ten years of financial statements. While analyzing the financial statements I highlight anything that pops out at me and needs explaining. After the financial statement analysis is done and turn to the three latest years of SEC filings. In the filings I look for explanations for the items I highlighted in the financial statements. I also read the filings to check and see what management is like (are they greedy, are they true to their word?). After a thorough analysis of the filings I check out the company's competitors. After this I read articles and blog posts pertaining to the company or industry to figure out what the market's perspective is to the company. I then arrive at the final process, the intrinsic value calculations. I like to use the discounted cash flows method (DCF) as well as asset values and earnings power value (EPV) methods. I use these methods to find my price I would like to buy the stock at. I then add the stock to my watch list." Sorry, this explanation might be a little rough.

I'm curious if you actually do this or if you're just reciting something you read.
 
Best Response

Hey dude, I'm an incoming college freshman doing an internship at Boutique IB this summer. I was in the similar position a few months ago and I think I can give you some useful advice. I know how hard it is to write a convincing finance resume with limited work experience and few skills. Here's my $.02:

"Job Objective" - Your objective is really generic and almost anyone could use it. You should make it more specific or just delete it. "Strong Passion for Business & Finance" - Anyone can say this so don't include it. Use your resume to show your passion for finance, don't just tell people that you're passionate. "Business Minded, Ability to maintain high level of confidentiality" - Again, very generic. Rewrite it or take it out. "Experienced in HTML and CSS" - Not worth highlighting for a finance resume. Programming skills are good to emphasize, but HTML and CSS aren't programming languages. If you want to keep this info, I'd suggest adding it to the bottom of your resume. "Summary of Experience" - You should add more details about your work experience. What companies did you research and value at Foundation Resource Management? How did you assist attorneys at Roberts Law Firm? You want your work experience to be detailed and concise. "Education" - You shouldn't list a club here if you already have an activities section (for the sake of consistency). "Honors and Awards" - You've listed too many awards. Only include your most impressive awards and shorten the descriptions for each of them. "Activities" - Add some more detail. You should definitely expand on your role in FBLA and how you're adding value to the club.

I think you're on the right track. Good luck!

 
Eva Unit 01

Hey dude, I'm an incoming college freshman doing an internship at Boutique IB this summer. I was in the similar position a few months ago and I think I can give you some useful advice. I know how hard it is to write a convincing finance resume with limited work experience and few skills. Here's my $.02:

"Job Objective" - Your objective is really generic and almost anyone could use it. You should make it more specific or just delete it.
"Strong Passion for Business & Finance" - Anyone can say this so don't include it. Use your resume to show your passion for finance, don't just tell people that you're passionate.
"Business Minded, Ability to maintain high level of confidentiality" - Again, very generic. Rewrite it or take it out.
"Experienced in HTML and CSS" - Not worth highlighting for a finance resume. Programming skills are good to emphasize, but HTML and CSS aren't programming languages. If you want to keep this info, I'd suggest adding it to the bottom of your resume.
"Summary of Experience" - You should add more details about your work experience. What companies did you research and value at Foundation Resource Management? How did you assist attorneys at Roberts Law Firm? You want your work experience to be detailed and concise.
"Education" - You shouldn't list a club here if you already have an activities section (for the sake of consistency).
"Honors and Awards" - You've listed too many awards. Only include your most impressive awards and shorten the descriptions for each of them.
"Activities" - Add some more detail. You should definitely expand on your role in FBLA and how you're adding value to the club.

I think you're on the right track. Good luck!

Very useful info! Thanks a lot! Best of luck on your future endeavors.
 

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