I answer questions on Quora from
time to time, and thought I should start sharing answers related to finance and
financial models on ASM. You can find my profile HERE.
How can I get good at financial modeling in three months solo?
I am aiming towards starting a career in investment banking
in about 3 months. Although I understand financial and managerial accounting, I
don't know anything about creating financial models for businesses or real
I would suggest starting with Learn Financial Modeling |
ASimpleModel: it is a free resource that provides video-driven material
with notes and templates available for download.
From there I would move on to http://www.Macabacus.com: the material on this site is more
advanced, and provides some instruction as well.
If you make it through the instructional material on both, try downloading SEC
filings and building your own model. The process will expose what you need to
All the while, use sites like Investopedia - Educating the world about finance to
stay on top of new vocabulary.
Also, if you are settled on investment banking I would advise reading Investment
Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions. In
addition to covering the various aspects of valuation and modeling, the text
also covers the process of moving through a transaction and describes the
All of the content mentioned above is free with the exception of the book,
which costs ~$50.
As for my background, I started in banking (~3.5 years) and have been in
private equity for the last 5+ years (note: now 6+ years). I built ASimpleModel to show that while
some models can be complex, most are simple - they all have varying degrees of
detail, but the mechanics are generally the same for standard models
(integrated, DCF, LBO). In any interview process the model required is also
likely to be pretty basic.
I pasted a few additional resources below.
Learn Financial Modeling
NYU Stern Prof. Aswath Damodaran
Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions
Into Wall Street
Training the Street
Wall Street Prep