This course provides advanced training for both new and experienced professionals. The Bank & Financial Institution Modeling course is perfect for you if:. You already know the fundamentals of accounting, valuation, and financial modeling, and now you want to learn how commercial banks, insurance firms, and other financial institutions work in-depth. You’re interviewing with financial institutions groups (FIG) – at banks, PE firms, hedge funds, or other finance firms. You’re about to start working in a financial institutions group, or you’ve just transferred into one and you need to get up to speed quickly. You’re an experienced professional and you’ve worked in the commercial banking or insurance industries before – and now you’re transitioning into investment banking, private equity, or related roles.Whenever you’re interviewing for these roles at investment banks, you’ll always get a few questions over and over. How much do you know about accounting?
Www.BreakingIntoWallStreet.com BIWS Premium Financial Modeling Course: Course Outline Click Here to Sign Up Now for the BIWS Premium Package If youre reading this document, youre probably considering signing up for one of the Breaking Into Wall Street Financial Modeling Training Courses. If thats you, then this special report explains. Since 1999, Training The Street has specialized in Finance Training, Financial Training, Investment Banking Training and Financial Modeling Training around the world. On-Site Corporate Programs.
Do you know how it’s different for banks and financial institutions?. Can you walk me through how you would value a bank? What about an insurance firm? How are P&C Insurance and Life Insurance different?. What are the key factors that drive a financial institution’s valuation?. Can you pitch us a bank stock? What are the main catalysts and risk factors?.
How do merger models and leveraged buyout (LBO) models differ for these companies?. How would you advise a bank on its best options in an M&A scenario?
I am a finance major at BYU and trying to prepare for i-banking interviews. I am taking my finance major classes and I have taken 3 accounting classes.
I am going to purchase one of the breaking into wall street guides but I am trying to decide between the two guides:. & Modeling Fundamentals.
Advanced Fin. Modeling I don't think that I am super knowledgable to any extent, but I just want to make sure that if I got and Modeling Fundamentals that it would be too basic. Anyone recommend me which one to get?
Cartwright: I'm going through summer associate recruiting and I would say hold off until you actually have a job. No one is going to ask you an question. I get that it's a valuable skill etc but your time and money are best spent on things to prepare for actual interviews. When you have an offer in your hand you can start worrying about prep. Others feel free to disagree. Cartwright, I can understand where you are coming from but the program doesn't just cover functionality.
It goes into Accounting Fundamentals, How to put together quick and dirty Operating Models, DCFs, Merger Models, and LBOs. I did the program (and the Advanced as well) and I can say that I felt very prepared for interviews. Each module even goes over interactive answers to the most common technical questions, and how to answer them thoroughly and succinctly. I highly recommend the program.
Get the fundamental modeling, the advanced course is overkill. Respectfully disagree with Cartwright. True, interviews usually do not ask you for any detailed modeling / excel questions, but when the questions come up, you can be sure to know the basics, drivers, and even short-cuts after building a couple simple models. There's also some positive spillover effects into answering other questions, in understanding what the question is probing for and how the answer will be used in the overall valuation / transaction process. Personally, the program tested my interest with IB. If you can't stand learning the details on how to model, then chances are you won't like the job.
Lastly, the price is reasonable. Sure, for a college kid $400 (I don't know what price it is nowadays) might seem a lot, but think of this as an investment in yourself, because the knowledge you receive can be used anytime, anywhere.
Besides, compared to the $$ you make even as an analyst, it's just a drop in the bucket. You'll really regret it if you get a question and later found out it's been covered in the program. I know I did. This sounds awfully like an ad, but the program really helped me (especially the ). A much better purchase than blowing through bottles. My only issue with BIWS is that the program thinks it can teach you concepts from nothing.
I really don't think you can learn from 100% scratch (i.e. No clue what accounting or finance even is). The 'explanations' of some of the fundamental concepts, e.g. Basic accounting, TVM, are very high level. However, hopefully most people have taken acct and fin 101, or at least have read through a good textbook. If you have done that and feel good about your acct and corp fin, then you should be fine, and it is a good program. Pretty time consuming, I'd say.
The advanced course is a BEAST.
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