ER Modeling Courses
I have been working my way through BIWS and WSP, but I'm wondering if this will prepare me well enough for ER to hit the ground running/not piss off my analyst cause he has to hold my hand due to my modeling not being up to scratch.
I'm in Australia and applying for full-time entry level associate roles, and as I understand it, training is not structured for full-time 'laterals' here like how it is for graduates (firm flies you out to US/Europe for 8 weeks, firmwide training with all your fellow analyst class, etc.)
For example, the WSP course relies on an ER report to pretty much goal-seek their growth rates to build out the revenue section. The logic/assumptions of how the ER analysts got to those rates are not discussed, which I can only imagine is important when you are the one who has to come up with these projections in a case study modeling test or when actually on the job. Both courses don't really dive into how one would go about managing and consolidating the esoteric line items in balance sheets (e.g. right-of-use assets and lease liabilities), and the WSP course was pre-IFRS 16 so I don't quite know how to model/treat ROU assets/lease liabilities.
Any current associates/analysts that can confirm/deny these courses are indeed enough for baseline preparation and entry into the industry? Thanks in advance to anybody who contributes.
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