Help - BB writing test
Hey all, first post. Yes i used search, but I didn't find a good answer.
I am 2010 MBA, target school. I am a career switcher, and I am just now exploring research as an option. I got an interview with a BB for their team, and passed the phone screen. Obviously I have kept an eye on the markets, and am going to prepare stock pitches, but a 'writing test' threw me off.
Anyone been through this?
well, sorry. Turns out google search is more powerful than WSO one, so I will now answer my own question:
"Pretty much you should feel comfortable with the financial statements, and be able to take an Earnings PR and use it to write a re-cap note somewhat quickly. You know, "XYZ co reported 3Q10 results today. Revs grew _bps y/y to _%, GM's grew _bps to _%, OM's improved _bps to _%. Management reaffirmed guidance ...blah blah blah." That sorta thing w/color and your interpretation of the earnings release. Probably just a recap note in 2 hrs, so likely a flash/quick note that would be 1-2 pg's long.
I imagine they'll probably have you update the model with the info from the PR/earnings release first, and then have you write the report and fill in the numbers based off of your updated model. Have your valuation metrics down.... they'll probably want a price target, and you'll want to know whether to derive it from DCF, P/E, P/S or EV/EBITDA.
My advice is to go to yahoo.com/finance, and look up earnings PR's. Practice taking one and writing a report based off of it. Try to get a few sell side reports (and models if possible) and practice mocking your report after those. If you can get a hold of a model, wipe out one quarter's info in a column, and update the column with a PR you've found.
You've got plenty of time to practice. Good luck."
Thanks Bhodis
but I would still like to hear anyone's experience.
Yess bro
Qui esse nihil nam magnam placeat voluptatibus tenetur. Aut similique ea nulla quo. Ex aut impedit numquam et praesentium vero quo.
Est et reprehenderit et sequi ea voluptatem. Quia et sit corrupti aut. Totam error ea voluptas nam. Cumque necessitatibus ex explicabo est eaque repudiandae ad. Maxime et soluta iure et iste.
Quaerat qui culpa et molestiae. Iusto ab impedit quia quibusdam illum sunt exercitationem. Necessitatibus velit id aliquid dolores et. Blanditiis repellendus ut qui quam enim.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...