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Bny taken all 3 interview on Saturday & cleared all. #1 Code pair + technical #2 Cross functional #3 Bar raiser . On Monday, HR asked me to send require documents but not scheduled any HR discussion call. I sent docs to HR. Is there any HR discussion call happening in BNY ? How much time BNY takes to release offer post document submission/HR discussion ? BNY Mellon | Pershing Bny mellon technology BNY Mellon BNY
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Looks like the office is in Ascendas, Taramani.
Additional Posts in Private Equity and the Buy Side
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Perspectives on Brightstar capital partners?
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Coach
Are we talking about an LBO model that I'd use on a non-binding IOI or LOI bid? In that case, I could get one done in a few hours. In most cases here, the balance sheet is not enormously important (I'm modeling net working capital off of a few metrics or even just as a % of revenue and / or cost), so I'm free to focus on the revenue build, with cash flow being pretty automatic since I'm using something that I've built before.
If we're talking about the master LBO model used for final investment committee and to send out to lenders to drive negotiations, then that's a couple day exercise. The complexity here arises from (1) having extremely detailed financial schedules, including granular views of the balance sheet (e.g., net working capital, PP&E schedules with investment and depreciation), (2) multiple income statement builds that are constructed generally at a product level, (3) integration of all third party work, including the QoE, market diligence, insurance work, and so forth, and (4) need to conscientiously build the model to be flexible enough for unanticipated needs.
Still - the majority of your time should be spent on business diligence and third party diligence, even as your model gets complex - you definitely don't want to be living in the model 24/7.
Not sure if you’re asking how long to build an LBO or how long to learn to properly build once starting in PE. Assuming the latter, all the former MBB consultants I spoke with while recruiting basically told me the first 6 months in PE were really tough but then much smoother sailing after.
Was referring to the latter actually. Thanks that’s helpful. I learned everything with respect to interviews but still finding it very very difficult to build an actual model
Coach
Really depends on level of detail you want around different model drivers. I’d say 24 hours to get the bones together for an LBO leveraging old work product, and then whatever investment you want to make into detailed revenue/margin/M&A, etc. schedules
Coach
Maybe wording was poor - point is that if the request for a quick model comes through on Monday morning, expectation should be able to have the bones in place by Tuesday morning