Wall Street Prep

ChatGPT just built a DCF model. 🤯 But what does this mean for finance? Economist Richard Baldwin said, "AI won't take your job. It's somebody using AI that will take your job." That reality is now hitting the finance world: AI is changing how models are built and what skills analysts need to stay ahead. Wall Street Prep Founder & CEO Matan Feldman walks through how to build a DCF model from scratch—and what this shift means for the future of analysts. 𝗠𝗮𝘁𝗮𝗻'𝘀 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻'𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗔𝗜 𝗶𝗻 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗕𝗮𝗻𝗸𝗶𝗻𝗴: 𝗖𝗵𝗮𝘁𝗚𝗣𝗧 𝘃𝘀. 𝗔𝗻𝗮𝗹𝘆𝘀𝘁𝘀 Secure AI tools will rapidly replace much of the grunt work analysts do today—financial modeling, slide creation, and valuation analysis. Analysts will shift to higher-level strategic work. 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗼𝗱𝗲𝗹𝗶𝗻𝗴 Analysts won’t be building models; they’ll be guiding AI to do it for them and refining outputs. 𝗣𝗶𝘁𝗰𝗵𝗯𝗼𝗼𝗸 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻 AI will generate slides, while analysts will focus on storytelling and refining the messaging. 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗦𝗵𝗶𝗳𝘁 The role of an analyst will look more like today’s associate—less number crunching, more critical thinking. 𝗪𝗵𝗮𝘁 𝗪𝗶𝗹𝗹 𝗛𝗲𝗹𝗽 𝗦𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝘁𝘀 𝗔𝗽𝗮𝗿𝘁? • Big-picture thinking • Avoiding "garbage in, garbage out" errors • Deep industry and business understanding • Strong interpersonal and communication skills • Project management expertise 𝗩𝗶𝗱𝗲𝗼 𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀: • [0:00-2:00] Setting up an Excel file with basic DCF assumptions • [2:00-2:30] Uploading the file and prompting ChatGPT to perform the valuation • [2:30-4:00] ChatGPT processes the model and delivers the right answer • [4:00-6:40] Key takeaways & what this means for the future of investment banking #AI #InvestmentBanking #ChatGPT #FinancialModeling #WallStreetPrep

You walk into an interview, ready to impress. The first question comes: 𝘊𝘰𝘮𝘱𝘢𝘯𝘺 𝘈 𝘤𝘶𝘳𝘳𝘦𝘯𝘵𝘭𝘺 𝘵𝘳𝘢𝘥𝘦𝘴 𝘢𝘵 $20/𝘴𝘩𝘢𝘳𝘦 𝘸𝘪𝘵𝘩 50 𝘮𝘪𝘭𝘭𝘪𝘰𝘯 𝘴𝘩𝘢𝘳𝘦𝘴 𝘰𝘶𝘵𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘢𝘯𝘥 𝘩𝘢𝘴 𝘢𝘯 𝘌𝘗𝘚 𝘰𝘧 $2.00. 𝘐𝘵 𝘱𝘭𝘢𝘯𝘴 𝘵𝘰 𝘢𝘤𝘲𝘶𝘪𝘳𝘦 𝘊𝘰𝘮𝘱𝘢𝘯𝘺 𝘉 𝘧𝘰𝘳 $500 𝘮𝘪𝘭𝘭𝘪𝘰𝘯 𝘪𝘯 𝘢𝘯 𝘢𝘭𝘭-𝘴𝘵𝘰𝘤𝘬 𝘥𝘦𝘢𝘭. 𝘊𝘰𝘮𝘱𝘢𝘯𝘺 𝘉 𝘩𝘢𝘴 𝘢 𝘕𝘦𝘵 𝘐𝘯𝘤𝘰𝘮𝘦 𝘰𝘧 $40 𝘮𝘪𝘭𝘭𝘪𝘰𝘯. 𝘈𝘴𝘴𝘶𝘮𝘦 𝘯𝘰 𝘴𝘺𝘯𝘦𝘳𝘨𝘪𝘦𝘴, 𝘯𝘰 𝘪𝘯𝘤𝘳𝘦𝘮𝘦𝘯𝘵𝘢𝘭 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘦𝘹𝘱𝘦𝘯𝘴𝘦, 𝘢𝘯𝘥 𝘢 𝘵𝘢𝘹 𝘳𝘢𝘵𝘦 𝘰𝘧 25%. 𝘐𝘴 𝘵𝘩𝘦 𝘥𝘦𝘢𝘭 𝘢𝘤𝘤𝘳𝘦𝘵𝘪𝘷𝘦 𝘰𝘳 𝘥𝘪𝘭𝘶𝘵𝘪𝘷𝘦? Do you have a clear, confident answer? Or do you scramble, trying to piece something together? M&A interviews are tough because they’re designed to test how well you understand the mechanics of deals—valuation, synergies, accretion/dilution, and more. It’s not just about knowing definitions; it’s about explaining them clearly under pressure. That’s why we put together this M&A Interview Cheat Sheet—a quick-reference guide to the critical concepts you need to master before stepping into the room. 𝗣.𝗦. 𝗪𝗮𝗻𝘁 𝗵𝗲𝗹𝗽 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗽𝗿𝗲𝗽? 𝗕𝗼𝗼𝗸 𝗮 𝟭:𝟭 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻: https://lnkd.in/eXzEibHT #FinanceInterviews #WallStreetPrep #WallStreet

✨ Event Recap: The Impact of AI on L&D in Financial Services ✨ This past Wednesday, Wall Street Prep had the pleasure of hosting L&D and HR leaders from top financial institutions for an insightful discussion on AI’s transformative role in learning and development. We welcomed executives from AXA XL Barclays BBVA Deutsche Bank Blackstone Amplify BlueOwl Technologies CIBC Capital Markets Equifax Impax Asset Management Jefferies Lazard Lloyd's Millenium Capital Management Rothschild & Co SEO London Sumitomo Mitsui Banking Corporation – SMBC Group Triton Partners Warburg Pincus LLC WTW Atomico MFS Investment Management Columbia Business School Professor and AI expert Daniel Guetta led the conversation and shared expertise on how AI is reshaping financial services firms along with actionable strategies for navigating the AI transformation. 💡 Key Insights from the Event: 📌 AI Literacy is Critical Lack of understanding is a major barrier to AI adoption. Companies must prioritize education and exposure to foster a culture of experimentation and innovation. 📌 Expanding AI Applications in L&D and HR AI is increasingly used for learner engagement, performance management, and talent calibration, freeing up HR professionals to focus on human skills development. 📌 The Rise of AI Champions Firms are seeing "AI Champions" emerge across departments that are leading in adoption, identifying new efficiencies, and uncovering new revenue opportunities. This model is becoming increasingly prevalent. 📌 Addressing AI Bias & Ethical Concerns AI systems still reflect existing biases in their data because they replicate what they learn. But awareness and training can help mitigate this risk. 📌 The Future of AI in Financial Services AI won’t replace human creativity and decision-making anytime soon. Even with the rise of Agentic AI, AI's ability to master complex tasks could still be years away. It was an incredible night of learning, networking, and forward-thinking conversations. A big thank you to everyone who joined us and contributed to this engaging discussion! 🔗 Check out the event highlights below! #AI #LearningAndDevelopment #HR #FinancialServices #FutureOfWork

You’ve put in the work—studied the concepts, practiced in Excel, maybe even built a few models. But when it comes to applying financial modeling in a high-stakes, real-world setting, are you confident you can hit the ground running? Wall Street Prep’s Financial Modeling & Valuation Bootcamp (March 26-28) is designed to bridge that gap. This isn’t just another finance course—it’s financial modeling the way it’s done on the job. Work through 𝗿𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗰𝗮𝘀𝗲 𝘀𝘁𝘂𝗱𝗶𝗲𝘀 𝗮𝗻𝗱 𝗯𝘂𝗶𝗹𝗱 𝗺𝗼𝗱𝗲𝗹𝘀 𝗹𝗶𝗸𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝘁𝘀 𝗮𝗻𝗱 𝗮𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 in IB, PE, and corporate finance. Master DCF, comps, and precedent transactions with 𝗘𝘅𝗰𝗲𝗹-𝗯𝗮𝘀𝗲𝗱 𝗺𝗼𝗱𝗲𝗹𝗶𝗻𝗴 𝘁𝗲𝗰𝗵𝗻𝗶𝗾𝘂𝗲𝘀. 𝗟𝗲𝗮𝗿𝗻 𝘁𝗵𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸𝘀 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝘂𝘀𝗲 for valuations and M&A transactions. 𝗘𝗮𝗿𝗻 𝗮 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗼𝗱𝗲𝗹𝗶𝗻𝗴 to showcase your expertise to employers. When: March 26–28, 2025 | 9 AM – 5 PM ET Where: Online 📅 Spots are limited—save your seat today: https://lnkd.in/d-jKcGir #Finance #WallStreetPrep #WallStreet #ProfessionalDevelopment #FinancialModeling

🤯 Goldman Sachs' CEO says AI can draft 95% of an S-1 filing—but how close can it really get? David Solomon (aka DJ D-Sol) recently made a bold claim: 𝗔𝗜 𝗰𝗮𝗻 𝗵𝗮𝗻𝗱𝗹𝗲 𝟵𝟱% 𝗼𝗳 𝗮𝗻 𝗦-𝟭 𝗽𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘂𝘀 𝗳𝗶𝗹𝗶𝗻𝗴, 𝘁𝗵𝗲 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝘁𝗼 𝘁𝗮𝗸𝗲 𝗮 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗽𝘂𝗯𝗹𝗶𝗰. But how well does that actually work in practice? Wall Street Prep’s Head of Content Andrew Federico, a former JP Morgan banker who’s taken several companies public, put this to the test—using ChatGPT, Copilot, and other AI tools to draft an S-1 from scratch. 𝗔𝗻𝗱𝗿𝗲𝘄’𝘀 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: 𝗔𝗜 𝗖𝗮𝗻 𝗞𝗶𝗰𝗸𝘀𝘁𝗮𝗿𝘁 𝗗𝗿𝗮𝗳𝘁𝗶𝗻𝗴, 𝗯𝘂𝘁 𝗛𝘂𝗺𝗮𝗻 𝗢𝘃𝗲𝗿𝘀𝗶𝗴𝗵𝘁 𝗜𝘀 𝗞𝗲𝘆 Copilot and ChatGPT can generate a structured S-1 outline and even draft sections, but they require significant iteration and review. 𝗔𝗜 𝗦𝗽𝗲𝗲𝗱𝘀 𝗨𝗽 𝘁𝗵𝗲 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 𝗯𝘂𝘁 𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗲𝘀 𝘄𝗶𝘁𝗵 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆 Some sections, like "Use of Proceeds" and "Management Discussion & Analysis," were drafted well. Others needed extensive reworking to meet SEC standards. 𝗔𝗜 𝗔𝗹𝗼𝗻𝗲 𝗪𝗼𝗻’𝘁 𝗥𝗲𝗽𝗹𝗮𝗰𝗲 𝗝𝘂𝗻𝗶𝗼𝗿 𝗕𝗮𝗻𝗸𝗲𝗿𝘀 (𝗬𝗲𝘁) While AI tools can reduce manual drafting time, junior bankers still need to validate data, refine risk factors, and ensure regulatory compliance. 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗔𝗜 𝗶𝗻 𝗜𝗕: 𝗠𝗼𝗿𝗲 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻, 𝗠𝗼𝗿𝗲 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 As AI improves, analysts will move away from grunt work and toward higher-level deal structuring, strategic advising, and client interactions. 𝗪𝗵𝗲𝗿𝗲 𝗔𝗜 𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗲𝗱: • Rewriting sections inconsistently, causing key details to get lost • Difficulty processing complex financial tables • Slowing down and failing to edit large sections 𝗪𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸? Could AI eventually handle the complexities of an S-1 filing, or is human judgment still irreplaceable? #AIFinance #WallStreet #Finance #InvestmentBanking #WallStreetPrep

📣 Early enrollment for the Wharton Online + Wall Street Prep Certificate Program is open! 𝗝𝗼𝗶𝗻 𝗼𝘂𝗿 𝗻𝗲𝘅𝘁 𝗰𝗼𝗵𝗼𝗿𝘁 𝗮𝗻𝗱 𝘀𝗮𝘃𝗲 $𝟮𝟬𝟬 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝗲𝗻𝗿𝗼𝗹𝗹 𝗯𝘆 𝗠𝗮𝘆 𝟭𝟮. Earn a certificate from a world-renowned business school and the leading financial training provider—and set yourself apart in a competitive market. Plus, learn on YOUR schedule. These 8-week online programs are designed for the working professional: • Applied Value Investing https://whr.tn/3O2aZaO • Private Equity https://whr.tn/3CwDaMc • Real Estate Investing & Analysis https://whr.tn/3UIYzZc • Financial Planning & Analysis https://whr.tn/3AwHkmW Each program is designed to equip you with tangible, job-ready skills that employers value. In just 8 weeks, you'll learn directly from practitioners about the aspects of the job. 𝗘𝗮𝗿𝗹𝘆 𝗘𝗻𝗿𝗼𝗹𝗹𝗺𝗲𝗻𝘁 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲: May 12, 2025 𝗣𝗿𝗼𝗴𝗿𝗮𝗺 𝗕𝗲𝗴𝗶𝗻𝘀: June 9, 2025 View all programs: https://lnkd.in/ennehY4Q 

If you’ve ever watched someone fly through Excel and wondered how they do it, this live power session from Wall Street Prep is for you. In just 4 hours, you’ll learn the shortcuts, hacks, and workflow tricks that top finance pros use to save hours of work and crush their deadlines. 𝗪𝗵𝗮𝘁'𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: • The must-know keyboard shortcuts • Techniques to analyze data faster • Pro tips for building financial models efficiently Whether you’re in investment banking, FP&A, or just want to stop wrestling with Excel, this session will change the game for you. 📅 Join us live on March 19 and level up your Excel speed: https://lnkd.in/d8QVX5jW 𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗜𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗼𝗿: Dr. Cara Marshall is the Director of the Risk Management Graduate Program at Queens College. She is also a highly regarded consultant who has trained employees at many of the world's largest investment banks, commercial banks, and hedge funds, as well as several government agencies including the U.S. Department of the Treasury. #WallStreetPrep #Excel #ExcelHacks #Finance #ProfessionalDevelopment

Want to break into an elite investment bank? You better know these terms like the back of your hand! No one is going to pause a deal discussion to explain what an accretive acquisition is or why EV/EBITDA matters. The language of investment banking is precise, and knowing these terms cold is essential. That’s why we’ve put together a must-know cheat sheet of 10 key terms every investment banker should know inside and out. 🤔 What do you think is missing from this list? Let us know in the comments! #InvestmentBanking #IBAnalyst #WallStreetPrep #WallStreet #FinanceCareers

Wall Street Prep’s 3-Day Financial & Valuation Modeling Bootcamp (March 12–14) is designed to take you from the basics to advanced modeling techniques—so you can build accurate 3-statement models, apply core valuation methods, and streamline your workflow in Excel. Led by Brad Barlow, a former Investment Banking Associate from UBS’s Financial Institutions Group (FIG), this hands-on bootcamp dives deep into DCF, Comparable Companies, and Precedent Transactions analysis, while teaching advanced Excel functions and shortcuts to boost your efficiency. Whether you're an analyst, associate, or looking to break into investment banking or private equity, this bootcamp will give you the practical skills to stand out. 📅 Dates: March 12–14, 2025 ⏰ Time: 9 AM – 5 PM (PT) Daily Register now: https://lnkd.in/gjeVchEj #Finance #FinancialModeling #InvestmentBanking #Excel #WallStreetPrep

A Look Back at Our NYC Networking Mixer! 🏙️✨ We had an unforgettable evening at our latest networking event in New York City, bringing together students and graduates of the Wharton Online and Wall Street Prep Certificate Programs! From insightful and engaging discussions to building new connections, our community showed up in full force to learn, network, and support each other’s professional journeys in the finance industry. It was truly incredible to see our community come together to share their experiences and celebrate each other's achievements. A huge thank you to everyone who joined us and made this event such a success! Stay tuned for more opportunities to connect—our growing network is just getting started! Wharton Online Wall Street Prep Matan Feldman Scott Roman Haylie Miller Christian Wattig Christopher Ittner David Musto Todd Sinai Ben Keys Jessie Handbury Aaron Hancock Daniel Mann Burcu Esmer, MA, PhD Nicolaj Siggelkow Brett Caughran Paul Johnson Andrew Carr