The most prestigious law school admissions discussion board in the world.
|
 |
 
|
good at math
| salmon charismatic blood rage black woman | 08/04/12 |
| Stimulating church | 08/04/12 |
| mahogany fighting hall friendly grandma | 08/04/12 |
Poast new message in this thread
Date: August 4th, 2012 10:07 AM Author: salmon charismatic blood rage black woman 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? |
 |
Date: August 4th, 2012 11:56 AM Author: Stimulating church can you count? (http://www.autoadmit.com/thread.php?thread_id=2014337&forum_id=2#21257320) |
|
Date: August 4th, 2012 12:16 PM Author: mahogany fighting hall friendly grandma 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. |