Actual technical skills in IB
You guys all probably know BIWS and CFI materials that teach DCF, LBO, and shits.
Are those aligned with reality? I mean do we actually follow the steps outlined in those materials?
I.e. When doing a DCF analysis, we just get all financial data (=financial statements), calculate important ratios/trends, make assumptions based on these (and additional research), project financial statements, calculate their FCFF and WACC, and discount them by using WACC? I wanna know how the reality is. Also, do I-bankers do all these?
Hi whatsib, just trying to help:
If those topics were completely useless, don't blame me, blame my programmers...
Yes those are real lol. Usually you get projections from ER or management though. And you do a WACC analysis yourself, but likely with a template your bank uses. Then just make a few data tables for sensitivity analyses and send it off to your team
That explains why it’s def a monkey job;;
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