Wall Street Prep

Ultimate Guide to Debt & Leveraged Finance

Leveraged finance refers to the financing of highly levered, speculative-grade companies. Within the investment bank, the Leveraged Finance (“LevFin”) group works with corporations and private equity firms to raise debt capital by syndicating loans and underwriting bond offerings to be used ... Read More

DCF Model Training: 6 Steps to Building a DCF Model in Excel

A discounted cash flow model ("DCF model") is a type of financial model that values a company by forecasting its' cash flows and discounting the cash flows to arrive at a current, present value. The DCF has the distinction of being ... Read More

WACC (Weighted Average Cost of Capital): WACC Formula and Real Examples

The weighted average cost of capital (WACC) is one of the key inputs in discounted cash flow (DCF) analysis and is frequently the topic of technical investment banking interviews. The WACC is the rate at which a company’s future cash flows need ... Read More

Sell-Side Process

In M&A, the "sell-side process" describes the deal process from the seller's (and its financial advisors') perspective. There are a variety of reasons why a company might decide to sell: To cash out: Owners, particularly of private illiquid businesses, often have a significant ... Read More

Tender Offer vs. Merger

A traditional merger is the most common type of public acquisition structure. A merger describes an acquisition in which two companies jointly negotiate a merger agreement and legally merge. The target board of directors initially approves the merger and it subsequently ... Read More

Bloomberg vs. Capital IQ vs. FactSet vs. Thomson Reuters Eikon

Financial data providers are a key part of the the financial professional's workflow. For the investment banking analyst who needs to find historical data and forecasts in order to build a 3-statement model or for the currency trader looking for real-time quotes, up-to-date and accurate financial data ... Read More

The 100+ Excel Shortcuts You Need to Know, Updated for Windows and Mac

Excel shortcuts are a fundamental component of efficient financial modeling. Quite simply, it's well worth the time to learn them. Here, Wall Street Prep has compiled the most important time-saving shortcuts for Excel 2016 for both Windows and Mac. If there ... Read More

Quick Lesson: DCF Model - Build a Discounted Cash Flow Model, Part 2

Learn the building blocks of a simple one-page DCF model consistent with the best practices you would find in investment banking. As a side benefit, the DCF is the source of a TON of investment banking interview questions. (Click here ... Read More

Quick Lesson: DCF Model - Build a Discounted Cash Flow Model, Part 1

Learn the building blocks of a simple one-page DCF model consistent with the best practices you would find in investment banking. As a side benefit, the DCF is the source of a TON of investment banking interview questions. (Click here ... Read More

Sales & Trading and Equity Research

Institutional investors such as pension funds, mutual funds, university endowments, as well as hedge funds use investment banks in order to trade securities. Investment banks match up buyers and sellers as well as buy and sell securities out of their ... Read More

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The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.