Answering "Why do you like financial modeling?"
I've been recently asked a question along the lines of whether i enjoyed working with financial models and why. how would you answer this question? thanks.
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Really? Try thinking for yourself on a regular basis; I promise, it gets easier.
This is not a very useful skill in banking. He is actually setting a great precedent by letting other people dictate every aspect of his thought process. You will come in as soft puddy and they will mold you into a brilliant yes man yet... Goooood.... Goooood
Being able to see how small details affect the big picture!
Running multiple scenarios
"Because I am loser"
No one likes financial modeling.
Man up and tell them the truth; you're in it for the pay.
They'll have more respect for you.
This isnt terribly difficult if youve built one before.
Some things you could say: -it's like a puzzle, but at a company level -its a framework to analyze a co., and you can see how certain factors drive the operations and valuations of a firm
-it's an opportunity to show-off your excel short-cut skills to impress the sexy female staffer in you group ;)
Cheers.
It's not about the model - it's about the company and getting your head around it so you can develop a strong model.
Nerd alert: I do enjoy modeling a great deal, primarily for this very reason.
I like being able to take what someone tells me about their company or business and piecing it together into a logical financial analysis. Not everything about the company story can be expressed in a model, but I find that a truly robust model captures about 95% of what is said or written about the business.
Do interviewers normally ask this out of nowhere? Do they only ask you this if u had indicated you do enjoy modeling, or do they just assume u do and then ask u?
It's not out of nowhere. I've been asked if I enjoy readig 10-Ks before...damned if I did; damned if I didnt. It sucked.
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