How to become a God at finance?
Seen a lot of older threads that discuss resources to break into IB SA roles, and following this great advice has helped me land an SA role at an EB. However, I consider my finance knowledge to be quite self-contained to these intro-level prep books.
Coming from a non-finance background and with a month to go towards my SA role, I'm curious what resources I can take advantage of to bring my knowledge of finance to the next level? I understand banks have extensive training programs, but still want to get ahead of the curve.
Additionally, my knowledge of Excel is quite basic. Any resources that would be recommended? I also have a Macbook instead of PC so not sure if that makes whatever I would learn useless.
1)Become a good speaker
2) Go on CNBC like Bill Ackman and cry like a baby about a stock/economy. Scare investors into taking on positions that align with yours.
Profit $$$$$$$$$
just delete this
What is not true about what I said?
Read detailed and dry books related to distressed debt, economic history, behavioural economics, investing, fixed income, biographies of titans in finance and other general business books. Use Wall Street prep and Youtube for excel. Don't worry about being a Mac user, print out the windows shortcuts for reference.
This is trash
I got MS for recommending books that will make OP more educated about the current and future economic environment?
Haha why are you getting MS? This is the correct answer. You have to spend time and put in the work.
Step 1: Acquire a shitty PC with some version of Excel (MUST) Step 2: Rebuild all the models on macabacus
= Excel God
Definitely worth it to practice on a PC ahead of time. You can buy a used shitbox for
This 100%. Banking is a job that snowballs quickly...
Analysts who show up already familiar with Excel (not even finance in Excel) can get their initial assignments done faster with fewer mistakes. They'll be initially staffed on the better projects and get reputations for being "better" even though the other analysts may be just as smart / hard working.
That reputation self-perpetuates throughout the analyst years, and those analysts generally get better PE placements, etc.
Starting strong and having a good foundation before you enter training is a really good idea. They throw so much stuff at you during training, youre not really going to learn any skills - you'll pick up on some vocab and get some shitty binders you'll probably never look at again.
Wish someone had explained this to me LOL
It tends to even out over the analyst program - people catch up. But it's true that those initial reputations and projects can have a big impact, especially becuase PE recruiting happens so early now...
This is SO real and I had no clue coming in how important the first few months would be. They pretty much determine your reputation at the firm.
Other than Excel skills - what else can you prepare so that you hit the ground running when starting, particularly if you didn't intern in IB?
This is the true right answer. You won’t learn during training, especially sitting there bored the fuck out of your mind and tired/hungover from socializing at night with your analyst class. You learn on the job just like every other job.
Mult exp is some good shit. LBO is top notch
this
interestingly enough i used the macab and ME LBO models to learn about well LBOs - ended up with a lot more knowledge about debt which i really enjoyed
Multiple Expansion models are a must
So its basically a must to have a windows computer? I've seen numerous threads on here that said mac is ok if you run parallels (basically running windows on mac, but the limitation is that the keyboard is still mac).
convince people to invest their money with you
find even more people to invest their money with you and use this new money to pay out original investors claiming that you have phenomenal “returns”
continue getting new people to invest so that you can continue paying out said high “returns”
$$$$Profit$$$$$
• Jail
Pay 24k for access to Bloomberg Terminal.
Why I would simply just borrow my dads?
If you had a daddy in finance than you're a god already. Use his network both for stepping in the industry and Bloomberg access
stop fapping, it actually helps no joke. I’m on day 15 and my mind is clearer than ever. convert that sex energy into money man
Damn, I jack off to focus on studying. ig to each their own lol
lol
You no-fap kids are everywhere Like a damn cult
Tried doing this when I started working but it was impossible. Problem was that I had nothing else to look forward to after coming home from work at the end of the day.
biologically, humans are naturally supposed to not jack off, it is only our culture that has led us to doing it everyday. The benefits of no fap are actually enormous: heightened confidence, energy, your mentality changes too. More motivation etc. A good comparison to this is that you are a wizard and semen is your mana. Can’t cast strong spells when your always low on mana.
There is a good amount of research showing increased prostate issues (like cancer) for males that orgasm less. I think the study was done by the American Cancer Society in 2016 but I'm not 100% sure. It's like filtering your prostate and if you never fap or have sex you aren't filtering which could = bad news.
This is gay Reddit coomer cope
Monkey shit content.
Probably not the thing to do for actual modelling skills, but imo it certainly gives a more coherent understanding of valuation and corporate finance.
The course: "Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital" by The Erasmus University on Coursera
Ingest anything Damodaran spits out
yeah pretty sure mult expansion lists all his books. Damodaran was a tough read but good
He was my professor, nicest guy, totally regular person.
Judah Maccabee was a Jewish priest and a son of the priest Mattathias. He led the Maccabean Revolt against the Seleucid Empire.
Wall Street Prep is a good starter to do on your own, and they have a good advanced Excel and especially advanced PPT course. Both are add-ons, but inexpensive, and very useful. You really must do the Excel course and practice along with the videos - you don't want to show up with mediocre Excel skills, it will slow you down and get frustrating.
A PC and an extra screen for home are good investments. Compared to your education's cost, and what you may earn LT, this is pennies, so really worth it. I like the Rosenbaum and Pearlman Investment Banking book, too - if you recreate some of the models therein, that's helpful practice. Good luck!
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