Best Response
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.

 
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?

 

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.

 
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/factsetdealmavenorders/the-Student…

 

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.

 

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

 

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