Question: Are there some little known negative aspects about working in the financial modeling industry that I should know about?
Answer: Every industry has its good sides and its bad sides. And often, a few bad eggs give the entire industry a bad rap. In the financial services industry, one of the known down sides if you’re working on Wall Street, is the extra long hours you have to put in, often night after night working on a deal that needs to get announced soon. As a result, if you are on Wall Street, you may have to choose between family life and your professional life, especially in the early years of your career when you have to work extra hard to prove yourself. As time goes on and you establish yourself, things get a little more manageable. Another down side is that sometimes, the work can get intense and even perhaps tedious. Let’s say you’re building a financial model for a company and need to manually input data and check it, this is sort of mundane work. However, the work around on this one, which has made the difference between good and super-good, is to analyze each number (not just blindly type it) and make it interesting and insightful. Sometimes, you’d be surprised at some multi-million dollar insights that a seemingly innocuous number holds. Just ask Warren Buffet!
Do You Want to Complete A Financial Modeling Training Course? If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Certified Financial Modeling Specialist (CFMS).