Private Equity and LBO Modeling Training Course

Private Equity and LBO Modeling Training Course

Are you planning to interview for private equity jobs in the near future and are nervous or anxious about the LBO modeling test during the interview?

Private equity firms typically require candidates to take a financial modeling test as part of the interview process, where candidates are asked to build a working LBO model under time pressure, analyzing a company / potential investment opportunity.

The stakes are high, because compensation for private equity associate positions can be very lucrative — often ranging from $200,000 – $350,000 or more annually. That’s 4 – 7x the national household median income by the time you are 24 or 25 years old.

The good news is nailing the LBO modeling test is a highly trainable skill. Unfortunately, many Wall Street LBO modeling courses cost thousands of dollars for a couple days of classroom instruction. 

But our Private Equity Training Videos provide the same hands-on, step-by-step training — at a fraction of the price — on how to build both complex and rapid-form LBO models that the live classes offer. Moreover, there’s no risk of “falling behind” in our course, because you can watch and learn at your own pace and review our examples as many times as you need to develop a strong understanding of how to model PE transactions.

Our LBO modeling course provides tactical knowledge and training on how to nail your LBO modeling test, making it the perfect solution for candidates who have no previous private equity experience, as well as candidates who are looking for a PE modeling refresher.

Our videos will show you how to:

  • Think intuitively about the mechanics of LBO finance
  • Model leveraged buyouts efficiently in Excel
  • Communicate your results effectively with a PowerPoint presentation

All of our training video packages grant you access to all the videos in that package for 1 full year.

 

Check out our course syllabus below and watch the first training video here!

We also offer LBO + DCF discount combo packages.

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Welcome to the Official Private Equity Interview Guide

Welcome to the Official Private Equity Interview Guide

Our new Private Equity Interview Guide teaches you step-by-step strategy, technique, and mindset of the distinctive private equity / venture capital job interview candidate. It provides a clear step up in comprehensiveness and quality over typical finance careers websites and buyside investing blogs because of its focus on:

  • Recruiting at the hardest, most elite private equity firms in the world: Bain Capital, TPG, Blackstone, Carlyle, GS Capital Partners, KKR, Warburg Pincus, Apollo, Clayton Dubilier & Rice, Huntsman Gay, Golden Gate, Silver Lake
  • Candidates with no previous buy-side experience, with or without investment banking experience, or no formal finance training at all
  • Hard, complex investment scenarios / questions – not vanilla questions found in commercial corporate finance prep guides
  • How to think flexibly on your feet in difficult interview situations
  • Key insights about the mindsets and motivations of private equity interviewers
  • In-depth breakdown of structure, format, and questions asked by brand-name, blue-chip LBO firms, and general advice for venture capital / growth equity interviews

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New 3 Statement and Discounted Cash Flow (DCF) Financial Modeling Online Training Videos

New 3 Statement and Discounted Cash Flow (DCF) Financial Modeling Online Training Videos

 

Looking to break into investment banking? Anxiously preparing for corporate finance interviews? Want to jump start mastering financial modeling so you can hit the ground running in your new job?

The stakes are high, because salaries for entry-level analysts and associates in banking and finance are lucrative — often $110,000 – $230,000 or more annually when combining base and bonus. That’s 2 – 5x the national household median income coming straight out of college or grad school.

Succeeding in finance requires strong analytical skills in analyzing and valuing companies. This demands a strong understanding of the mechanics and business judgment involved in modeling financial statements and discounted cash flows.

The good news is: financial modeling and discounted cash flow (DCF) analysis are highly trainable skills. The bad news is: Wall Street modeling classes can cost thousands for just a one-day class.

That’s where our training videos come in. 

Using a well-known public company as our case study — Chipotle Mexican Grill — our 3 Statement and DCF Modeling Video Training Course provides hands-on, “roll-up-your-sleeves,” step-by-step training — at lower cost than competing courses.

We teach you how to build fully integrated financial and valuation models, just like the live classes. But there’s no risk of “falling behind,” because you can learn at your own pace and watch our examples as many times as you need to master financial modeling.

Our training videos focus on critical tactical knowledge and skills, making it the perfect solution for fast learners with no prior finance experience, or experienced candidates who need a financial modeling refresher.

We will teach you how to:

  • Build a fully integrated 3 statement financial model in Excel
  • Build a DCF analysis using both perpetuity growth and EBITDA multiple methods
  • Build detailed supporting schedules linking back to the 3 statements
  • Analyze a public company 10-K filing to efficiently extract data needed for your model
  • Troubleshoot your model accurately and efficiently when accounts don’t balance or reconcile
  • Understand key concepts related to depreciation, amortization, goodwill, circularity, unlevered vs. levered cash flow, terminal value, weighted average cost of capital, capital asset pricing model, and enterprise vs. equity value
  • Think intuitively about financial statement mechanics, analysis, and corporate valuation
  • Model very efficiently using Excel shortcuts

Check out our course syllabus below and watch the first training video free here!

We also offer DCF + LBO discount combo packages.

 

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Private Equity LBO Modeling Tests: The Interview Presentation, How to Practice, and How the Test is Evaluated

Private Equity LBO Modeling Tests: The Interview Presentation, How to Practice, and How the Test is Evaluated

Let’s continue our conversation (from the last post) about the private equity LBO modeling test. The LBO modeling test is used by many, perhaps most, PE firms both large and small as part of the interview process to test 3 things:

  • Finance knowledge
  • Excel modeling skills
  • Executive presentation / communication skills

This is a short series that covers the “who” and “what” of the LBO modeling test, the specific components of the LBO modeling slide presentation, delivering the oral presentation to your interview committee, how to practice for the LBO modeling test, and how the modeling test is evaluated in the context of other recruiting considerations.

This post is about how to deliver the oral presentation of your investment thesis to the interview committee, how to practice for the LBO modeling test, and how the modeling test is evaluated in the context of other recruiting considerations. You can see other posts in this series here:

In the last post, I covered the specific components of the LBO modeling slide presentation. Next comes the oral presentation to the investment / recruiting committee.

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Private Equity LBO Modeling Tests: Key Components of the LBO Modeling Test Presentation

Private Equity LBO Modeling Tests: Key Components of the LBO Modeling Test Presentation

Let’s continue our conversation (from the last post) about the private equity LBO modeling test. The LBO modeling test is used by many, perhaps most, PE firms both large and small as part of the interview process to test 3 things:

  • Finance knowledge
  • Excel modeling skills
  • Executive presentation / communication skills

This is a short series that covers the “who” and “what” of the LBO modeling test, the specific components of the LBO modeling slide presentation, delivering the oral presentation to your interview committee, how to practice for the LBO modeling test, and how the modeling test is evaluated in the context of other recruiting considerations.

This post is about the key components of the LBO modeling test presentation. You can see other posts in this series here:

In the last post, I covered what you are expected to show when you present your findings to the interview committee. But what should you cover in each of the specific components of the LBO modeling slide presentation?

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Private Equity LBO Modeling Tests: Who gets them? What are they?

Private Equity LBO Modeling Tests: Who gets them? What are they?

Let’s talk a bit about the private equity LBO modeling test. The LBO modeling test is used by many, perhaps most, PE firms both large and small as part of the interview process to test 3 things:

  • Finance knowledge
  • Excel modeling skills
  • Executive presentation / communication skills

This is a short series that covers the “who” and “what” of the LBO modeling test, the specific components of the LBO modeling slide presentation, delivering the oral presentation to your interview committee, how to practice for the LBO modeling test, and how the modeling test is evaluated in the context of other recruiting considerations.

This post is about the “who” and “what” of the LBO modeling test. You can see other posts in this series here:

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How Do You Get a Private Equity Job? (Series)

How Do You Get a Private Equity Job? (Series)

The Recruiting Process for Private Equity Jobs 

Let’s talk a bit about the recruiting process for private equity jobs end-to-end.

Big mega-cap PE funds like Blackstone, Carlyle, and TPG have hiring needs that are pretty stable and predictable, and the recruiting pools for talent are well-known. Consequently, they have a fairly standardized process not unlike the recruiting process you would find in bulge-bracket investment banks or brand-name consulting firms — it’s just at an order of magnitude smaller scale.

By contrast, middle-market and smaller PE shops and specialty firms may have more extended processes or take longer to make decisions.

Part of that is because they are waiting to see who is left over after the mega-cap funds have had first pick of the litter (as they tend to enjoy given their prestige), and part of the reason is also because their hiring needs are less predictable and uniform year-to-year. One year they might hire 4 associates, another year 1, and another year none at all.

I’m going to spend the next few posts talking about the who / when / where / how of landing a private equity job.

You can read all the posts in the series here:

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What Do Private Equity Investors Actually Do?

What Do Private Equity Investors Actually Do?

There are four basic things private equity investors do to earn money.

  • Raise money from Limited Partners (LPs) like pension and retirement funds, endowments, insurance companies, and wealthy individuals
  • Source, diligence, and close deals to acquire companies
  • Improve operations, cut costs, and tighten management in their portfolio companies
  • Sell portfolio companies (i.e., exit them) at a profit

Let’s look at each of those things in turn.

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What are pre-MBA private equity associate interviews like?

What are pre-MBA private equity associate interviews like?

I often respond to questions from readers on the private equity interview process. Here is a question I recently responded to: 

 

Q: What are pre-MBA private equity associate interviews like?

A: The pre-MBA PE recruiting process typically unfolds over a full year. In the spring and early summer, more than one full year before actual PE start dates, various private equity firms and headhunters will host info sessions about the PE profession and their specific firms in your city. In New York City, for instance, these info sessions are quite common, and notice of them is distributed to all first-year analysts at prestigious investment banks and consulting firms. They will typically host these events at a hotel or their offices with catered food and drinks while they walk through an overview of their firms, specific deals they have done, and guidance on how to engage headhunters to apply and “be presented” for interviews. They will also take questions from the audience about any of these topics.

When the recruiting season actually begins a couple months later, analysts and other candidates will begin dropping resumes to headhunters and setting up preliminary screening interviews with them so they can determine the best fit for which candidates to put in front of which firms.

Private equity interviews themselves are generally structured over multiple rounds—sometimes 3, 4, or even more rounds—and the type of people you meet at each step of the way and the kinds of questions you are asked will vary between rounds (and firms).

They generally consist of a heavy combination of case interviews, technical finance questions, modeling tests, and personal fit interviews to test 6 things:

1. Financial modeling
2. Operational modeling
3. Macro / market due diligence
4. Strategic analysis (as tested through case interviews)
5. Creating slide presentations
6. Personality fit

Some firms also evaluate your potential to source new deals if they require associates to contribute to deal origination, although for leveraged buyout firms this tends to be less common.

Be sure to check out our PDF guide “How to Nail Your Private Equity Interview (whether you have finance training or not)” for in-depth tips and strategies on how to successfully interview for jobs at top private equity firms!

Also be sure to check out our step-by-step Private Equity LBO Modeling Training Videos for walk-through tutorials on how to build an LBO model, navigate Excel with ruthless efficiency, and rapidly create an LBO PowerPoint deck to present to your PE interviewers.