Training the Street will teach anyone willing to fork over the $6,000 tuition for a five-day “core skills” workshop. But most of the firm's classes in financial accounting, corporate valuation, and merger/buyout analysis are packed with new hires from firms like Goldman Sachs, Morgan Stanley, Citigroup, and Deutsche Bank. Every year, more than 20,000 young financiers participate in a program Training the Street founder Scott Rostan calls “banker boot camp.” Savelyeva's first assignment: Take a sloppy, ill-formatted spreadsheet and clean it up as quickly as possible. As the class raced to align numbers and reformat cells, she mentioned that the record belonged to an analyst at the investment firm Moelis & Co., who finished in 35 seconds last year. I was still trying to change font sizes when Savelyeva called a halt to the contest after seven minutes. “Remember, guys: Instead of typing out the sum function, you can just hit alt-equals and press enter,” said Savelyeva, leading the group through a five-year projection of amortization expenses for the handbag manufacturer Coach, Inc. “We’re saving time here! This should bring some joy to your hearts!” [Daily Intel]
Area Trainer Whips Rotund Financiers Into Shape With Pictures Of Ex-Girlfriends' New Beefcake BFs
You call that a push-up? Bet your girlfriend's new man knows how to do a push-up.
BarCap Analyst Identifies Senior Bankers' Failure To Show Up To Good-Bye Party As Being Representative Of "Fundamental Flaw In Group's Culture," Suggests They Shape Up ASAP
From: [redacted] To: BarCap TMT Group Sent: Wednesday, June 27, 2012 12:21 PM All, At last night's event, we were disappointed by the poor representation of senior bankers. We truly appreciate Pat, David and Ranjot for showing up and expressing support and gratitude. However, the fact that only three of 21 senior bankers decided to show up speaks to a fundamental flaw in the culture of our group.
Highland Capital Founder Whips Out His Thesaurus To Insult Investors
Jimmy Dondero's got a host of pet names for his clients.