Financial Modeling

Youngsters asking to build a career in Financial Modeling, take costly certifications in the same , or attend workshops by rookies , who themselves took such certifications and became trainers instead of working in the field

Result that you ask them what has been their approach and they proudly say they have calculated CAGR for Revenue and Cost Line items and extrapolated the same to build 5 year projections and feel happy that they have made a DCF Model 😊

Ask them about factoring in organic / inorganic growth from capex / M&A - they don't know

Ask them how to incorporate Country Risk Premium in WACC - they don't know

Ask them what are the externalities for the model, to which cash flow is most sensitive - they don't know

Ask them to build a Projected Balance Sheet - they don't know

The piece of paper i.e. Certificate is useless then and rather works against you

Bottomline - Unless an instructor has himself / herself worked on deals, presented Valuation to stakeholders, they are doing a great disservice to the student community by just trying to encash the training boom

Not boasting or bragging, but in my course on Financial Modeling , at least, you won't get the feeling that a rookie has fleeced you

#financialmodeling #career #anuragsingal #valuations #edtech