Goldman Sachs Investment Banking Training Manual Extra Quality

The first case was about a struggling airline client in the 1990s. The airline’s CFO had lied about fuel hedging losses. The junior banker on the deal found the discrepancy but was told by his VP to “model it as a one-time adjustment.” The manual then asked, in calm Times New Roman: What did the banker do next?

: Deep dives into financial modeling, valuation techniques (DCF, Comps, Precedent Transactions), and Excel mastery. The first case was about a struggling airline