Currently at a BB - all I've been doing is building out decks / CIMs and siphoning through data for hours on end. Haven't really modeled anything yet. I've definitely seen improvement in PPT / Excel, but still don't know how to use any valuations other than comps.
How can I teach myself the technical skills / modeling / DCF analysis / LBOs Is Wall Street Prep worth the time?
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I’m in the same boat. But on the other hand I really don’t care enough to learn anything extra on my own outside of work. Idk call it lazy burned out whatever. I’m apathetic at this point.
Yeah same. Going with the mentality that if I need to do it at some point I'll learn it as I go
I'm going through the same shit except I'm so apathetic that I'll still make an error or two on an internal memo every once in a while lol. It's actually kind of pathetic.
Anyway besides that shit I've actually managed to learn a good bit about modeling and the greater industry by just reading and listening to podcasts or YouTube videos.
Get Rosenbaum and Peal and read that. It's an easy read and explains all of the valuation methodologies as if a 5 year old was reading it. Its really not dense at all. Eventually I'll get to actually practicing some modeling via TTS or wall street prep but for now this has sufficed because I can't bring myself to do more.
If you want to just engage more with the industry in general so you can actually kind of feel like you know wtf is going on (usually I don't, I just dont what I'm told lol) then read novels, and biographies and listen to interviews of successful bankers and investors. I reccomend Barbarians at the Gate as a starting point since its discuss of all of the major buyout players is interesting.
Hey man, thanks. This was really helpful. We'll figure this shit out one day lmao
Yeah. I think one day it will kind of just click. I'm definitely feeling better than I did back in the summer when I started.
One other thing that I can reccomend is building up your mojo? You know what I mean? Like get a little style and just chill the fuck out. All of the VPs and senior associates in my group are all pretty damn cool but not douchy at all. They all have good style, they take PTO and go to cool places and they actually go out for lunch or random drinks throughout the workweek. I've been trying to lean into this myself. Now its kind of hard because a lot of the other analysts in my class are nice people but definitely lack an edge so I kind of have to go at this solo. But I did buy a nicer coat and a briefcase to carry my laptop to the office and really try to be a good mood while at work and I feel like investing in my self in these ways will eventually transpire into me doing better work, becoming more entrenched in the group, and eventually figuring this shit out.
Had a friend who was in the same boat for the first few months and then it just kinda changed and he seemed to enjoy work more because he was learning more of the modeling. Said during the time that he was sitting at this desk waiting for comments to come in, he’d go over to an associate friend of his who was working on a model and just shadow him. Now this would obviously depend on you having a chill enough associate who doesn’t mind you hanging around them and talking with them while they’re working, but he said he felt so much more prepared when he started modeling. I’m starting FT next summer and plan on doing the same while waiting for the “pls fix. Thx.” to come in.
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