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WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
why don't you tell us yours first
Because there is nothing sexier than a NOLV calculation and you think revolvers are hot?
Honestly there really isn't a good answer for a question like this as no student out of college really has a preference for ABL over cash flow lending or any other commercial banking group, kinda laughable to even get that type of question considering college kids have no clue.
I can tell you a few key differences: -You get to work with a variety of different companies, executing deals across different industries as you will be a generalist -In ABL you gain a very strong understanding of collateral evaluation -You'll come across more sub-investment grade / leveraged names in this space which can be complex and interesting to work on
You'll work with senior lenders and get experience with that. ABLs are interesting enough. Reserves, asset values, advance rates. Knowing how to put together a borrowing base is handy as you move around credit. You'll probably get some credit document experience.
I mean it's all rather mundane, but so is finance. Big bank will give you good experience and opportunities to go to other groups.
@"B2Banker" I figured that this question would be inevitable and I should prepare for the question. Haha, so true about college kids having no real preference.
@"TNA" awesome, spoken like a veteran
Thanks for the insight!
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