I'm starting FT at a boutique PE shop at the end of July. The firm is really new so I'll be the only analyst in the office. Needless to say, there is no formal training program so the partners have asked me to find a self-study financial modeling course. I have listed the three courses I've come across below. I would greatly appreciate any feedback from those of you who have used these programs. Also, if there's other recommended courses, feel free to post them. Thanks guys!
Wall St Prep Self Study - $499
$424 through WSO by Clicking Here
Training the Street - $300
Breaking into Wall Street - $497
Financial Modeling Class Comparison
Disclaimer: WSO is an affiliate of Wall Street Prep, so we do earn money from promoting them. Our users offer insight on all the listed programs below:
Our users shared their thoughts about the different programs below.
Wall Street Prep Reviews
I did WSP and liked it. It takes you step by step on how to build models, though it could have explained more on the theory side. It was still good and I would buy it again. If you have a solid foundation on valuation it should be pretty intuitive anyway. There's also videos that go along with some of manuals that I found helpful.
I've never posted a promotion for a particular product on these forums before, but personal experience compels me to reinforce FairValue's point that the wall st. prep program is a fantastic choice for someone who wants to learn on their own from home and having the option to learn some more detailed structures that you may not necessarily need for day-to-day modeling on the job.
Training the Street Reviews
TTS has the most recognizable brand if this is something you just want to list on your resume.
I know TTS also has a merger model template that lets you switch who you want as an acquirer and target where proper linking also gives you a pro forma balance sheet - but it doesn't come close to this. Is it over the top? Yes. Is his voice beyond annoying making you want to smash your screen? Yes. If you're looking for something that goes far beyond the modeling essentials so you have a more extensive skillset, this is a great option. Going through all his modeling lessons made my ramp up as analyst occur very quickly and at no point was I really worried that I was getting thrown real financial analysis tasks too quickly.
Breaking Into Wall Street Reviews
I personally used the BIWS program (all Excel, PPT, Fundamentals, Adv Modeling) and can personally attest that it helped me tremendously in terms of both interview prep (understanding the models) and case competitions & internship (actually building the model). Brian really goes step by step in building the model so you understand every step, and why every step is done in such a way.
I've done Wall Street Prep and BIWS. I absolutely love BIWS and think it blows Prep out of the water.
BIWS was great for me! I was able to ace my HF internship modeling interview. The upside is that I can always go back and refresh my memory if needed.
Wall Street Training Reviews
Wall Street Training (http://www.wallst-training.com/self-study/courses....) Self-Study video courses beat others by huge margin. Much more professional (both material and Excel templates) and deep.
I would recommend advanced financial modeling package as a start (I assume you know corporate finance, accounting and financial market basics since you have PE offer).
In terms of financial modeling, Wall St. Training gives you everything you need to know for building three-statement operating models, merger models, and LBO models. I can't say I found some of the other content particularly useful (like his overview of spreading comps and scrubbing them), but the modeling stuff is great. While his templates for the models are a bit over-the-top, the more challenging lessons (he has silly names for them, like "Super Complex LBO" versus "Complex LBO") do a great job of at least TEACHING you some of the nuances of financial modeling. There is quite a bit of things he builds in that we never even touch on the job in IBD, but I personally found them to be gratifying exercises that make you more confident in your general modeling abilities
Other Program Reviews
For a great free introductory resource try ASimpleModel - the site provides instruction and templates for operating, DCF and lbo models. Macabacus is another great free resource, but more advanced.
I used Wall Street Prep and it didn't actually help with the modeling much. It was rushed and just too much info to take in at once. I ended up using to free sites after that. valuationuniversity (basic) and then macabacus (advanced). Good luck...this was just over the last month or so.
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