HI All,
How often is management consultant (entry level) at MBB have to deal with financial modelling (balance sheet, CF statement, Income statement ?
What level of expertise is expected ?
Will they give training on this ?
Thank you
HI All,
How often is management consultant (entry level) at MBB have to deal with financial modelling (balance sheet, CF statement, Income statement ?
What level of expertise is expected ?
Will they give training on this ?
Thank you
No, not really. This is not financial consulting / corporate finance type of work. In some very rare occasions, you may need to do it, but you will have plenty of training and tools for that. Honestly, in 15 years in Consulting, I never had to do it (ok, I've done a few simplified P&L statements, but there's really no complexity in doing that).
The requirement is that you know how to read and interpret financial documents - not that you know how to build them.
So don't waste your time on financial modelling.
Hello!
This is not sometihng what so ever “expected”, although I could perfectly see a project in which a BA needs to learn this on the fly and make a model (as many many other models).
Hope it helps!
Cheers,
Clara
Hi there,
I try to avoid answers on the extreme, but I'll stick my neck out here and say never. I've really never heard of this happening.
Is modeling required? 100%. But financial modelling on a CPA level is not (that's in the IB space).
Hello,
as an entry consultant or associate you must be comfortable to read high level financial statement and understand basic financial analysis metrics (e.g. understand different profit margins), but for financial modeling we usually use team members with sound experience in that field and we wont pick an entry A/C with limited experience.
So no worry for that!
Lucie
You will receive all the training you need for doing your job well. It is extremely hard to predict what sort of modeling you will do because it varies so much by the types of projects and industries you work in.