What are the Most Common Excel Functions Used in Investment Banking?

There are several Excel functions that are commonly used in investment banking:

SUM: The SUM function allows you to add up a range of cells. For example, you can use SUM to total a column of numbers.

IF: The IF function allows you to perform a logical test and return a different value depending on the result. For example, you could use IF to determine whether a cell meets certain criteria and display a message if it does.

VLOOKUP: The VLOOKUP function allows you to search for a specific value in a table and return a corresponding value from a different column in the same row. This is useful for looking up data in large tables or databases.

INDEX/MATCH: The INDEX and MATCH functions work together to allow you to perform lookups in a table based on multiple criteria. They are often used as an alternative to VLOOKUP because they are more flexible and faster.

RATE: The RATE function calculates the interest rate for a loan based on the payment, number of payments, and loan amount. This is useful for comparing different loan offers or determining the return on an investment.

Overall, these functions are frequently used in investment banking to perform financial analysis, create financial models, and manipulate data.