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an Elementary School Special Education Teacher
Hello fishes, need help in finding a suitable job change for one of my relative. She is an Associate at Cognizant with 7.5 years of experience. Her experience domain is in functional testing and manual testing. Her preferred job location is Kolkata.
Any leads would be very much helpful. TIA
Tata Consultancy Infosys IBM Accenture EY Wipro
I'm thinking about cutting off my beard.
Anyone in DFW want to do something?
How's everyone doing this weekend?
Additional Posts in Investment Banking - IBD
Mentor
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Hahahahaha IB hardos are gonna be pissed when they see this
Mentor
It’s all about making things concise and digestible baby. Don’t get lost in the details
Mentor
Hey man sorry to tell you but no one reads the lbo model during the pitch
“Won because of my model with perfectly aligned slides to showcase it” - intern
They tell you you work too hard also?
You're too technical = you're wasting too much time on unnecessary complexity that adds zero value to the process. You're probably super smart, but learning the minimum effective dose is what the job is all about.
I don’t like what you’re saying about me here!!!!!
the comments on this 🤌🤌
Find a template they’ve used before and replicate going forward. You’re going to arrive at whatever IRR they tell you to get to anyway, might as well do it in a way your group is familiar / comfortable with seeing.
It really depends:
- Technical skills are valued, and you will be often put on the hardest transactions, where valuations are tight, and pricing is critical
- Taking a step back, majority of deals do not need that granular a modeling, and models are used as sanity check. A US$1bn ARR, is it worth 1x revenue, 2x revenue, 3x revenue?
- In PE, as well as boutique sell-side, as you go up the ranks, financial models give way to business understanding. What are the critical levers, the assumptions you are building on efficiency (e.g. turnaround time), is it achievable in reality. Does local laws (e.g. labour laws) prevent achieving of certain assumption
- Higher up the ranks, it is understanding also who (or which teams) I can parachute in to deliver the operating transformation. Many transaction fail not because strategy was wrong, (or even valuation), but operations fail to deliver on assumptions
You must be very smart
We had someone with three years of TAS experience join one of the banks I worked at. He became the de facto accounting question guy. Took him a long time for him to assimilate to the quick and dirty banking way of doing things but put him in a room with some hairy tax issues... master at work.
I did not mention FDD
It’s entirely a sales and project management role
LMAOOOOOOO
All you really need for an LBO is about 8 cells for assumptions. Then do all the math in a really long nested expression in the 9th
I know many guys who went from valuation to IB. The too technical details are for example calculating depreciation like a staircase instead of just using a fixed depreciation rate x beginning pp&e.