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	<title>Management Consulted &#187; financial modeling</title>
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		<title>Wall Street Prep and Training The Street, Watch Out</title>
		<link>http://managementconsulted.com/financial-modeling/wall-street-prep-and-training-the-street-watch-out/</link>
		<comments>http://managementconsulted.com/financial-modeling/wall-street-prep-and-training-the-street-watch-out/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 04:09:54 +0000</pubDate>
		<dc:creator>Kevin</dc:creator>
				<category><![CDATA[financial modeling]]></category>
		<category><![CDATA[Excel]]></category>
		<category><![CDATA[investment banking]]></category>
		<category><![CDATA[Mergers and Inquisitions]]></category>

		<guid isPermaLink="false">http://managementconsulted.com/?p=1842</guid>
		<description><![CDATA[An update &#8211; the first 20 people to purchase the modeling course and email me the receipt will get a free copy of The Consulting Bible, 2nd edition. If you&#8217;ve already bought it, I&#8217;ll provide you all the networking materials that will be part of the Toolkit. To all readers &#8211; thanks for your patience. [...]]]></description>
			<content:encoded><![CDATA[<p></p><p class="alert">An update &#8211; the first 20 people to purchase the modeling course and email me the receipt will get a <strong>free copy</strong> of The Consulting Bible, 2nd edition. If you&#8217;ve already bought it, I&#8217;ll provide you all the <strong>networking materials</strong> that will be part of the Toolkit. To all readers &#8211; thanks for your patience. There will be a major content injection <strong>starting Monday</strong></p>
<p>Most readers of this site have heard of <a href="http://www.mergersandinquisitions.com">Mergers and Inquisitions</a> (M&#038;I). In fact, many of you probably discovered Management Consulted through it &#8211; <strong>that&#8217;s how big its become</strong>.</p>
<p><strong>Why 100,000 readers a month can&#8217;t all be wrong</strong></p>
<p>Brian&#8217;s the driving force behind M&#038;I, a former investment banker, a fellow Stanford alum, and a good friend.</p>
<p>Since its inception, M&#038;I has become the <strong>most informative source</strong> on recruiting for and working in banking. Not only does he provide an insider&#8217;s perspective on the industry, he clearly knows what he&#8217;s talking about. After all, not everyone can explain <a href="http://www.mergersandinquisitions.com/private-equity-recruiting-in-2550-words/">private equity recruiting in 2,550 words</a>.</p>
<p><strong>Why you should head over to Mergers and Inquisitions after reading</strong></p>
<p>If you&#8217;re at all interested in finance, you&#8217;ll understand that modeling skills are a <strong>critical component</strong> of breaking into and surviving the job. To a lesser extent, those same skills (especially the resulting <a href="http://managementconsulted.com/2009/03/preparing-for-management-consulting-summer-internship/">familiarity with Excel</a>) are useful for consultants.</p>
<p><span id="more-1842"></span></p>
<p>It&#8217;s an <strong>impossible skill to learn</strong> by yourself. You need someone to teach you, and then you actually need to get <strong>hands-on experience</strong>.</p>
<p>There are many financial modeling courses out there. Wall Street Prep. Training The Street. They&#8217;re expensive, boring, and &#8211; <strong>having been through one myself</strong> &#8211; you&#8217;ll forget what you&#8217;ve learned <strong>before the day&#8217;s over</strong>. </p>
<p>Brian&#8217;s just developed a training program that will <strong>make them all very, very nervous</strong>.</p>
<p>It&#8217;s not public yet &#8211; the official release date is set for April 20. But I&#8217;ve had the opportunity to examine the course. I feel guilty saying this, but I was just the <strong>slightest bit jealous</strong> that he&#8217;s built something this sophisticated.</p>
<p>Without giving away too much, the product uses a series of videos to teach critical financial concepts in Excel from the ground up. Brian shows you how to build models, step-by-step, and he knows what he&#8217;s doing. The actual Excel files are included for viewers to follow along with each step, and there&#8217;s a support system for getting every conceivable question that you have answered.</p>
<p>It&#8217;s clearly helpful if you want to break into finance. But it&#8217;s also helpful for prospective consultants &#8211; because let&#8217;s face it, you can&#8217;t get very far in management consulting without a <strong>comfortable understanding of financial concepts</strong>. </p>
<p>Have you heard consultants complaining about their 90-hour weeks? Those are the same consultants that <strong>have no idea</strong> how to walkthrough a DCF. I guarantee it.</p>
<p><strong>Run, don&#8217;t walk, over to M&#038;I and view the videos &#8211; you&#8217;ll understand</strong></p>
<p>To prepare for the launch, Brian has created a series of videos explaining everything &#8211; how it all started, product details, and more. Sign up for the <a href="http://www.mergersandinquisitions.com/asia-trip-3-clients-break-in/">announcement list</a> to access the videos. It&#8217;s free and you can unsubscribe at any time.</p>
<p><a href="http://www.mergersandinquisitions.com/how-to-learn-financial-modeling-in-3-easy-steps/">Click here</a> to check out a demonstration video.</p>
<p>Just a few more days before it <strong>launches on April 20</strong>. Sign up that week to get a discount &#8211; pricing details will be announced tomorrow.</p>
<p>I&#8217;ve never promoted a third-party product until today. I wouldn&#8217;t be doing so if I didn&#8217;t think it&#8217;d be worth 100% of your time, and <strong>1000% of the price</strong> you&#8217;ll pay. </p>
<p><em>Hint: it&#8217;s absurdly low and I&#8217;ve told him that repeatedly but lucky for you, the guy won&#8217;t listen.</em></p>
<p>Head over there now. You&#8217;ll become a <strong>WACC wizard</strong> in no time.</p>
<p><strong>Coming soon:</strong> What separates great from mediocre consultants; Perks of the management consulting lifestyle</p>
<p>Stay connected:</p>
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