Tagged: Financial Modeling
This forum is read-only! You should check out the active new forum...
April 27, 2012 at 5:36 pm #5669
As I am in my final semester of my MBA program (lower tier school), I wonder if it is worthwhile for a job candidate to seek out hands-on training in Financial Modeling and Valuation Analysis as a way to differentiate oneself from other job seekers?
That is to say, will it help? Is it worth the money out of pocket? I see ‘Training the Street’, Investment Banking Institute, Wall Street Prep, among others offering hands-on modeling training. Can anyone offer input on any of these (or other programs) that will demonstrate some technical proficiency (Bloomberg Terminal Training perhaps) for someone looking to make a career switch with a fresh MBA?April 27, 2012 at 5:44 pm #5670
I think all of those programs are actually better for learning financial modeling than helping you stand out among the crowd: i.e. if you don’t know financial modeling then those courses do a really good job but they’re so expensive. I would just say get a bunch of M&A, LBO, DCF, 3-statement models and go through them yourself: build them from scratch and really understand how they work – it’s the same thing the programs are going to do. I might help if you have a non-finance background before your MBA to take these courses and highlight them on your resume but if you were a previous finance person then it might be a bit over the top.
Are there any programs at your school that offer advanced financial modeling courses?April 27, 2012 at 5:57 pm #5671
Those programs definitely can’t hurt if you have the budget for it. Make sure you continue to build your network because that’s so important when it comes to interviews no matter what school you come from.April 27, 2012 at 6:14 pm #5672
I agree. The programs are good at helping you train to model, but it won’t necessarily train to help you get a job. What types of things in particular are you trying to learn/accomplish – or is it that you aren’t sure and you are just trying to get an edge?April 28, 2012 at 12:31 pm #5674
I am hoping these programs will give some indication to a hiring manager that I have some technical proficiency and hands-on training (beyond the book knowledge MBA).
I will have an MBA, plus 5-yrs experience analyzing financial institutions as a bank credit analyst. I am hoping to move to the equity side. I PERCEIVE that financial modeling and valuation is a heavy prerequisite for a lot of postings I see.
I am looking to demonstrate that proficiency.
(No firms in my area really looking for an analyst proficient in Bank analysis.) So, I need to diversify.
Networking is tough if you don’t have pedigree.April 28, 2012 at 8:12 pm #5675
Personally I’ve done the Investment Banking Institute’s program and it was successfull in teaching me the basics of M&A, LBO and etc. However it was through my university so they did a crash course style over 3 days and they also reduced the price to just over $200. It was worth it for that price poit, but I don’t see the return if you pay the full amount. It is definitely useful in interviews, but it was not the closer for when I landed my Analyst position with a BB. Hope this helps!April 28, 2012 at 8:15 pm #5676
Forgot to say this, the best thing I think it shows Associates and HR is initiative. Everyone wants a self-starter and they know that you’re willing to do what it takes.. even when it comes to the 90 or 100 hell weeksApril 30, 2012 at 11:47 am #5681
MiniStevie, I know I want to get into investment banking field, and so I may be a bit naive with a scattershot approach to seek an edge.
Heggie50, there are no modeling classes offered at my school currently. So I am stuck.
I will have to continue to dig and probably focus my strategy a bit better.
The forum ‘Investment Banking’ is closed to new topics and replies.