Wall Street Prep O&G vs Premium Package

Hey guys, I am an incoming summer analyst at an EB in Houston. I plan on purchasing a modeling course from Wall Street Prep. I noticed that the Oil&Gas course has a lot of overlap with the Premium package. Any reason to purchase both? Does the premium package go into more detail on non-O&G specific topics such as DCF and LBO modeling?

 

Does your bank or UG provide access to WSP or TTS? You should check to see. My bank and school both provided access to WSP.

If you have little modeling/finance experience, I'd prioritize as follows,:

  1. WSP Financial Statement Modeling. This module provides a comprehensive and foundational modeling overview as well as reinforcement of accounting/finance.

  2. WSP DCF and LBO modules. These modules reinforce the FSM module and incrementally expands modeling and valuation skills. LBO valuation isn't as essential to O&G IB, but I think it provides great repetition.

  3. WSP NAV and comps modules. If you can do the above, then you'll pick up NAV and comps models much more easily this summer. The WSP NAV is fairly simplistic compared to what you'll see this summer - you can pick up the conceptual NAV knowledge from youtube videos.

Edit: I should add that your bank is almost certainly not expecting you to run NAV models from day 1, and you'll pick up NAV modeling much faster with good general financial modeling exposure than the reverse.

 

I think my bank uses WSP for training. Do you think they would give me early access if I asked for it?

Btw, I am an incoming 2019 Summer Analyst (I know it is ridiculously early). I am just looking to make an investment in 1 or 2 of the best online courses to gradually work through over the next year, so that I can be well prepared for whatever is asked of me next summer.

 
Best Response

I like the enthusiasm but you're better off reading the DB energy primer and understanding the energy value chain, reading every O&G article you can find, reading a bunch of E&P/midstream/OFS investor presentations, talking to professors about O&G/valuation, learning how to run comps/model a DCF, and THEN trying to learn some NAV/MLP modeling. Once you understand how a normal DCF works and how O&G all fits together, doing a NAV will be a breeze.

If you go into your EB internship and actually understand what's going on in the industry, you'll be way more useful from the jump than if you knew all about type curves. One of those can be taught in an afternoon, the other takes constant upkeep and I use everyday.

 

Libero necessitatibus aut asperiores temporibus magnam rerum sunt quis. Voluptates molestiae consequuntur impedit in cum placeat iste. Aliquid animi minus ex numquam repudiandae. Cumque dignissimos est explicabo provident reprehenderit blanditiis.

Ipsam doloremque et est eius laborum illum. Molestiae sed voluptas pariatur accusamus cupiditate odio. Eius doloremque velit earum. Temporibus magnam ad ratione nihil sit culpa.

Quia debitis tenetur ea. Est voluptate non totam iste. Omnis asperiores perspiciatis repellendus explicabo facilis. Dignissimos velit incidunt accusamus ipsam ut explicabo. Laborum quam corporis sunt omnis error. Dolorem tenetur et qui dolores sint ab fugit velit.

Est numquam et distinctio repellat ipsam sit in dolores. Autem quia quis consequuntur sunt eveniet. Magni labore reiciendis molestias sit. Ut placeat reiciendis ut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”