Starting SA with very little knowledge
I've accepted an SA offer with a tier-2 BB for next summer, but I have almost no IB knowledge/excel skills/technical skills. I got very lucky during the interviews, only had a couple easier technicals and mostly behaviorals. That being said, is it important to study up on all of those things before starting next summer, or do BB's treat every SA as if they know nothing and give a complete training?
If it is important to learn everything beforehand, what sources (free) would you all recommend?
bump
You're not gonna learn everything before hand. But you should definitely just read over the M&I guide, and go to street of walls and understand the valuation methodologies and even if you really want to build a DCF/Comps off a stock after you understand. Or just read Rosenbaum and Pearl, everything you need to know as an SA + more is in there. I would however, if you're completely lost build a generic model or just practice using excel and PPT so you don't look like a mongoloid when an analyst asks you to do something that you should know. You'll probably have a formal training week or two when you get there but still if you have 0 clue on accounting etc it'll be Swahili to you. Reason I say this is because there's a good chance all the other interns learned everything and were asked technicals or at least studied so you don't want to be the most useless one there.
Thank you!!
If I found the rosenbaum 2nd edition pdf for free, am I good with that? They made a 3rd edition last year but I'm not finding it for free
yup that's totally fine.
MUFG?
Nope
MUFG aren't a BB....
My thoughts exactly lol
YouTube videos for Rosenbaum. go through them over and over. Take notes. Know ur accounting. Rest will come with time. TTS if you can afford it. everything else gets easier with more reps you do.
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