How to Develop Modeling Skills for non-bankers

I'm interested in some thoughts and ideas surrounding how to build modeling skills if you aren't an ex-banker. Reason is that I may be accepting an offer that will give me operational and deal experience at a high growth early stage oil company, but I want to be competitive for a PE role in 3-5 years. The main thing I will be lacking in vs analysts coming from a top 5 energy IB is deep modeling experience. While I would do quite a bit at this company, it wouldn't be near what an IB analyst would have done in 2 years.

So, that is why my question is directly aimed at modeling. I also would really value any thoughts on how to be more marketable in general to a PE fund coming from a non-IB role. I know CFA doesn't add much for PE but it wouldn't hurt if I had time. I can't think of a ton else though...

2 Comments
 
Best Response

How much are you looking to spend on acquiring modeling knowledge? It isn't really possible to acquire banking modeling experience without doing banking, but companies like Wall Street Prep, Breaking Into Wall-Street, Adkins Matchett & Toy, Training the Street, etc. all offer training programs for modelling. In fact, AMT, TTS, and maybe even WSP do the training program for incoming analysts at banks. I would suggest that you look into whether or not these fall into your price range and meet your objectives. I think WSP also has an industry-specific oil and gas modelling program which could be useful for you. Best of luck!

 

Dolores enim perferendis voluptas asperiores excepturi dolores. Qui quo consequuntur unde. Est alias accusamus quas id voluptatibus. Eum dolores nihil commodi facilis.

Accusamus unde omnis nulla. Repellat enim dignissimos perspiciatis id. Dolores et vero autem in reprehenderit sint. Odio quae saepe est at in.

Minima excepturi sit quo praesentium assumenda non quam. Voluptas asperiores perferendis quia sapiente dolorum est. Vitae at amet nemo laboriosam dolor. Ratione consequatur quis quaerat eos minus exercitationem dicta doloribus.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”