People Take Excel and Modeling Way Too Seriously (rant)Subscribe
Nothing worse than being on a sell side deal team that wants to run 10 different cases( with 3 sub cases, for a total of 30 cases), and have them all output at once. Model ends up looking like chit and becomes completely opaque to someone not spending 100 hr weeks looking at it exclusively. With all the offset / choose / and self referencing ifs functions it becomes a total chit show and the excel crashes like crazy (not too mention the chance of error is high)
People take modeling way too serious. Most of these "cases" have so many stupid assumptions the odds of any of them even being remotely accurate is next to none. Plus, most people don't even care what your model says anyways. (Buy side certainly doesn't)
Many bankers (especially juniors) basically worship modeling and think its the most intellectual and amazing thing they do. If you want to suck off modeling so much, you should have majored in CS and went FAANG (higher pay and better hours/culture) where you can actually MODEL and run millions of scenarios at your leisure.
The only reason bankers use excel is because it easily outputs to powerpoint and the resident boomer MD can use it without having a stress attack(actually, that last part isn't even true). At the end of the day we are just Powerpoint baby back biatches whether you admit it or not.