Is this considered 'modelling'?
I'm currently doing an internship now and am wondering how to word a task I've been doing for my resume. I look at yearly financial statements of companies and plug them into a spreadsheet on excel (which I made myself). I basically enter the companies' income, tax, expenses etc. to calculate net profit and then I enter all the items on the companies' balance sheet. The spreadsheet then calculates things like gross&net profit margin, working capital, quick ratio, days payable/receivables, return on assets/equity and things like that. Is this modelling? How can I word this to put on my resume?
Yes that is modeling*, on your resume you should put something along the lines of "Created financial models to project profit margins blah blah blah, to (insert what answer you were trying to arrive at ie. why were you running the models?). You want to illustrate that there was a question that needed answered so you created a model and solved for it. Assuming you are a soph. or fresh. in college, this is solid experience as this is excel in its most basic form.
Thanks a lot for your quick reply man and I'm an incoming freshman.
Haha, I have always had the same concern as my past internship and current position are very similar to what you described (maybe a little more elaborate now). If you really want to see (IMO) extremely elaborate and daunting modeling, check out macabacus.com's model templates.
Regards
Haha thanks for asking this question. I have done this at my internship and didn't even realize it could fall under modelling
What's your title/role/position, OP?
This sounds exactly like IB, except most people, if not all, who go into IB know what modeling is.
I'm just a summer intern at an Asset Management firm. I wasn't given an actual 'position' except intern. This is the summer before my first year of undergrad.
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