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good at math
| bateful sanctuary selfie | 08/04/12 |
| exciting chapel nibblets | 08/04/12 |
| Soul-stirring weed whacker spot | 08/04/12 |
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Date: August 4th, 2012 10:07 AM Author: bateful sanctuary selfie do you have to be good with numbers to work in finance-related work?
I heard that you need to be pretty good. but how good? |
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Date: August 4th, 2012 11:56 AM Author: exciting chapel nibblets can you count? (http://www.autoadmit.com/thread.php?thread_id=2014337&forum_id=2#21257320) |
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Date: August 4th, 2012 12:16 PM Author: Soul-stirring weed whacker spot For investment banking, not at all. Even in M&A, which is the most technical group in banking (maybe tied with lev fin), most of your time is spent doing administrative bullshit. Maybe 10% of your time is actually spent on models. In industry groups, you're making a lot of power points and sometimes doing models. And updating contact lists and doing screens on Capital IQ.
The most quantitative part of banking is the modeling but even that is plugging shit into excel and linking cells together. I guess it's good to be good with numbers so you can more easily spot errors in models but banking is addition, subtraction, multiplication, division and exponents. And it's not even you that is doing the calculations; it's excel doing all the work. |