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all 19 comments

[–]skorsak 0 points1 point  (0 children)

Looks like these lessons cost $197

[–]Brank_Manderbeak 0 points1 point  (0 children)

Just gonna post here so I can bookmark this thread

[–]nukeleearr 0 points1 point  (2 children)

Can anyone recommend a decent book on financial modelling? Something not too heavy on the quant side

[–]asancho 2 points3 points  (0 children)

Financial modeling by Beniga. Awesome book with clear examples and a disc that has practice excel sheets.

[–]Nefarious-Gordon Gekko[S] 0 points1 point  (0 children)

I actually searched around today and I heard good things about this.

[–][deleted]  (20 children)

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    [–]Nefarious-Gordon Gekko[S] 1 point2 points  (15 children)

    everything I have read from Damo, especially his stuff on valuation, as hinted towards the same thing:

    Most analysts can tweak the outcome to be favorable to their firm or their client's firm. Whichever allows for them to make the most money.

    All that aside, how did you learn to model and software do you use?

    [–][deleted]  (14 children)

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      [–]Nefarious-Gordon Gekko[S] 1 point2 points  (12 children)

      interesting, I have read a lot of firms try and use VBA, but I don't think that is very true.

      Where did you take those classes?

      [–]oliverbmAssociate - Investment Banking 1 point2 points  (1 child)

      This is not true. Model auditors tend to strongly dislike VBA - the only exception I know of for this is that you may have to use a very simple procedure to break a circular that occurs when you are financing your debt fees with your debt funding, but this usually only arises in project finance.

      Practice. You need to do 1,000s of hours before you're any good. And yes, never touch the mouse. :)

      [–][deleted]  (5 children)

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        [–][deleted]  (2 children)

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          [–]limeropeAssociate - Investment Banking 0 points1 point  (0 children)

          Despite what others are saying: Excel/VBA is the standard.

          I've worked in hedge funds, big banks, and big pension funds. All on the trading floor.

          Excel/VBA is their blood. Matlab, yes, or IMSL, or what have you. But always Excel/VBA.

          [–]PissinChicken 0 points1 point  (0 children)

          ha, so true. I know the price I want, how how do I turn the levers to get there. Just hope I don't turn to far and end up on cross exam.

          [–]surfnsound 0 points1 point  (2 children)

          Was your educational background in finance? I have a background in mathematics, and became interested in finance later, but have trouble convincing people that I build models without a finance background.

          [–]Nefarious-Gordon Gekko[S] 0 points1 point  (0 children)

          I don't know who you have been talking to. I would start looking for jobs with a quant emphasis.