Second Year analyst behind
Hello everyone,
Hopefully you guys can help me with a little problem I am having. I am a second year analyst at a midsize ibank and I am well behind the rest of my peers in terms of technical skills at this point.
I went to an ivy with no business degree option so I was always a little behind those who had studied finance in school. I assumed that after a year I would be up to speed and just as good in my ability to model but I have not grasped the technical skills that really help people become good modelers. I feel like I have definitely improved but others around me have improved so much more and I have just not caught up. We worked crazy hours(I pitch a lot) over the past year so I had not been able to just study financial text in order to improve my skills.
With market conditions as they are and the end of the year at hand, I find myself with a bit more free time. What can I do to build my skill set? I really just want to become a proficient modeler. That is the ultimate goal. I feel like that is just impossible without a strong technical skill set. How can I do this quickly(or as quickly as possible) so I can at least get on par with my fellow analysts.
I know some of you might think this job isn't for everyone but I refuse to believe that I am not smart enough to make it. Any advice is much appreciated.
Depends on what divison you work in.
Read "Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions "
http://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitio…
Buy BIWS Advanced Modeling courses, depending on which industry focus group you're in. You might want to consider Wall Street Prep as well.
BIWS is pretty time consuming. The most useful part of my self-training was re-building the Rosenbaum & Pearl models that come with the book. You could try that, and reference the book or come here with any questions along the way.
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