Comments (22)

Jun 1, 2009

Solid program. Worth the money and time spent. Give you a good overview on the most common models used in banking (DCF, Comps, LBO and M&A models).

The content is put in an easy-to-understand language and the models pretty much follow the industry standards (formatting, etc).

Jun 2, 2009

Thanks for taking the time to respond. I am leaning towards trying it out, just wanted to get a few quick thoughts

Jun 1, 2009

Same with lui, it's a good overview of technical side of banking and I think any wanna-be-banker should spend some time studying it. The only downside is that WSP expects you to know accounting. Also, the program is more of "How to do it", rather than "Why do we need to do it?"

Jun 2, 2009

Look at DealMaven also. I have WSP and I am not 100% pleased with it. Try to find someone who had an experience with DealMaven

Jun 2, 2009

I will definitely check it out thanks Puss. What are you unhappy with in particular?

Jun 3, 2009
TimothyBryce:

I will definitely check it out thanks Puss. What are you unhappy with in particular?

WSP goes step-by-step in creating model from scratch, introduces you to real 50 pages long 10-K, and other resources Analysts use for creating models. But WSP does not explain why they do certain things at some steps. One of the comments actually said something along the lines "go figure out yourself." It's like building a computer with instructions. Any half-retarded student can built one by following strict instructions, but it does not mean he/she will understand why we stick DDRAM into the mother board.

I still find the program useful + if you pass a joke test, WSP will give you a certificate of completion that you can put on your resume and be proud :)

As far as DealMaven vs WSP, call me crazy but I will do both this summer. DealMaven is also giving out certificates, but I've heard the process is more difficult. Students actually have to build real DCF/LBO models and submit them online. Also I've read that WSP is closer to the real world models, while DealMaven has better instructions, especially if you don't know financial accounting.

Jun 10, 2009
PussInBoots:

As far as DealMaven vs WSP, call me crazy but I will do both this summer. DealMaven is also giving out certificates, but I've heard the process is more difficult. Students actually have to build real DCF/LBO models and submit them online. Also I've read that WSP is closer to the real world models, while DealMaven has better instructions, especially if you don't know financial accounting.

I just checked the DealMaven's website. The premium package for student is 499, which is about the same with WSP. Although, many said that WSP's models are close to the real world while DealMaven's models are kind of simple and do not look like the real world. Also, many said that one of most benefits of DealMaven is that students will have a chance to build and submit real DCF and LBO models. If you get pass, they will give you the certificates. However, it seems like you have to pay $200 more for this, which makes the package up to $700. In my opinion, this is overpriced for a program that is not close to the real world. Any thoughts?

Jun 2, 2009

It seems like many people prefer WSP to DealMaven. Any thoughts?

Jun 3, 2009

bump

Jun 3, 2009

Thanks great input. I may try to do both this summer. I am getting ready to start my first year at Wharton and I am trying to pull off the career-switch to banking. I am currently a lawyer. I am trying to do anything I can to help myself be ready/more marketable come interview time for SA positions later this year. I passed CFA Level 1, taking 2 Saturday, any other suggestions? Thanks again.

Jun 4, 2009

thanks for the info

Jun 10, 2009

minhiub, you don't have to get two certificates. "Applied and Advanced Financial Modeling Certificates from FactSet," is a good addition to the resume, hence they charge extra.

Jun 10, 2009
PussInBoots:

minhiub, you don't have to get two certificates. "Applied and Advanced Financial Modeling Certificates from FactSet," is a good addition to the resume, hence they charge extra.

Hi,

I think they charge you $99 for Applied Financial Modeling and another $99 for Advanced. So I think you will need to purchase 2 programs in order to have the certificates. Please correct me if I am wrong.

You can see it right here:
http://store02.prostores.com/servlet/factsetdealma...

Jun 10, 2009

You are right, you could always choose one of them only. WSP offers "Wall Street Prep's Certificate in Financial and Valuation Modeling," so based on names of certificates I'd pick WSP. Sounds less cocky and everyone knows what's WSP about.

Jun 10, 2009

if anyone want to buy a used full package, please let me know

Jun 10, 2009

I just joined WSO after many months of anonymously surfing it. I just finished my CFA L1, and have recently been researching different modeling courses on the market. I've looked into DealMaven, TTS, WSP, and a few (very expensive) classroom courses. To the best of my understanding (thorugh research online and talking with one former ibanker), none of these courses will ever completely replicate what things are like in the real world. Every company trains you to do things your own way.

I ended up settling with WSP because I wanted to simply have a basic understanding of financial modelling, and start building my foundational knowledge of the practice. I don't intend on mentioning the fact that I took WSP or have their stupid little certification on my resume. I don't think it adds any value, and might in fact remove value because their are stigmas around taking these self-learn courses. I do, however, intend on mentioning that I have an understanding of the concepts learned in my cover letter.

I decided not to Use TTS, DM, or classroom courses because there just wansn't enough opinions about them online from independent users. So I went with the devil I knew (WSP) instead of the devil I didn't know.

Jun 16, 2009

hi, is it still for sale? please email me at [email protected]... thank you

Jun 10, 2009

I have completed Deal Maven, Training the Street, and Wall Street Prep. From my experience, all these training programs bring different, valuble things to the table. Deal Maven's training improved my excel skills more than the other two programs. Training the Street's accounting training was probably the best organized. Wall Street Prep - Premium Package, however, was overall the best program because it was the most well rounded and gave me experience with several different model types. When your done with WSP you will nail interviews because you've built these models before and understand what drives LBOs, accretion/dilution, 3 finanical statment models, and DCF models.

Here is a code for 15% off any WSP Self-Study Program: ibdprep
For 15% off of live seminars use this code: ibdpreplive

Hope this is helpful

IBDblogger
www.ibdprep.com

Jun 16, 2009

Im not to sure if this is true or not but one of my buds claims that you can download wall street prep.

Jul 29, 2010

Goddamn thread necromancer.

Aug 10, 2010
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