As someone who will be joining valuations disputes, I've been meaning to ask, what are things you wished you knew when you were joining? What is your favorite parts and conversely what are the things that suck?

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I wished I knew:

1. Being able to explain your valuation logic and assumptions in simple terms so that clients/lawyers/courts can follow is a much more valuable skill than being as analytically rigorous as possible.
2. You should avoid overengineering your models at a quite high cost of flexibility etc if needed.
3. Proper communication/coordination/self- and team management on the project is a lot more important than technical knowledge which in most cases can be acquired after 2-3 hours on google max (valuation is not rocket science at the risk of stating the obvious)

Favorite parts:

1. Much of the work is quite intellectually stimulating and nonstandard (if you do different types of projects including complex valuations/disputes and not only standard projects like PPA that is)
2. You usually (though not always) do honest analysis and not just fudge numbers to fit a clients idea of value.
3. Work-Life balance is quite decent, not 9-to-5 but a far cry from IB hours.

What sucks:
1. Clients wanting to have numbers immediately, sometimes even before they send any piece of information like business plan (!)
2. Clients not understanding that valuation is not a formula where you can put in 3 parameters and you have a one „correct“ number of value.
3. You usually „pay“ for better work-life balance by having a lot lower comp than IB.

(Of course all of the above is subjective and relates to my experience only)

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