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What Analysts Are Actually Experiencing

Real feedback from professionals working through valuation challenges in Southeast Asian markets. Not cherry-picked success stories—just honest accounts from people navigating the same territory you might be considering.

Find What Matters to Your Situation

New to equity valuation?

Start with foundational DCF frameworks that actually work in volatile emerging markets.

Most participants spend 4-6 months building comfort with cash flow projections before tackling more complex scenarios. The curriculum adjusts based on your background—accountants move faster through financial statement analysis, while strategy consultants often need more time with Excel mechanics.

Already doing valuations but inconsistent results?

Focus on the comparables module and peer selection methodology.

Three analysts from regional banks joined in Q1 2025 specifically for this. They were getting wildly different multiples depending on which peers they chose. The structured approach to screening and adjusting comparables cut their variance by about 60% within two months.

Working with family-owned businesses?

The minority discount and control premium section addresses this directly.

Common in Thailand's market structure. You'll work through case studies involving governance premiums and liquidity discounts that reflect actual transaction data from 2023-2024 deals, not textbook theory that assumes perfect market conditions.

Need defensible valuations for regulatory filings?

The documentation standards module covers SEC-equivalent requirements.

Two participants from audit firms specifically mentioned this helped them reduce back-and-forth with regulators. Proper assumption documentation and sensitivity analysis presentation make a measurable difference when defending your work to oversight bodies.

Struggling with terminal value calculations?

There's a dedicated section on perpetuity growth assumptions in emerging markets.

This trips up even experienced analysts. Using developed market GDP growth rates in Thai context creates serious distortions. The framework helps you justify growth rates that reflect actual economic conditions without being overly optimistic or pessimistic.

Want to understand what you're actually getting?

Check the Learning Program page for detailed curriculum breakdown.

No marketing fluff—just module-by-module description of what's covered, what's required, and approximate time commitments. The autumn 2025 cohort starts accepting applications in June, so you have time to evaluate if this matches your needs.

Perspectives from Recent Participants

Siriporn profile

Siriporn K.

Corporate Finance, Energy Sector

I needed to value renewable energy projects for board presentations. The issue wasn't understanding DCF conceptually—it was applying it to assets with 25-year horizons and government subsidy uncertainty. The program didn't give me a magic formula, but it gave me a defensible framework. My valuations now hold up better in executive questioning, which matters more than being precisely "right" in an unknowable future.

Chanida profile

Chanida R.

Private Equity Associate

Joined because our fund was expanding into Thailand and my comparables analysis kept getting challenged. The peer selection methodology was eye-opening—I'd been including companies that superficially looked similar but had completely different capital structures. Three months in, my investment memos started getting fewer red marks from partners. Still learning, but the improvement is noticeable enough that two colleagues asked what changed.

What Changes Can You Measure?

We track specific metrics for participants who complete the full program. These aren't guarantees—individual results depend heavily on prior experience, time commitment, and work application. But here's what we've observed across the 2024 cohort.

6.2 Average months to completion

For professionals working full-time. Part-time learners typically need 9-11 months. The curriculum is self-paced with milestone checkpoints every 4-6 weeks.

73% Report improved confidence

In defending valuation assumptions to senior stakeholders within 3 months of completion. Based on 6-month follow-up survey of 2024 participants.

4.1 Hours weekly time commitment

Median reported study time for participants who completed on schedule. Some weeks require more during case study modules. Plan for 5-6 hours during intensive periods.

35% Reduction in model errors

Among analysts who submitted before/after work samples. Primarily fewer formula errors and more consistent assumption application across scenarios.

2.8 Months to first application

Average time before participants report using frameworks in actual work projects. Some apply concepts immediately; others take longer to find appropriate opportunities.

82% Complete all modules

Completion rate for 2024 cohort. Most who don't finish cite time constraints or job changes rather than difficulty. Access remains active for 18 months.

Extended Follow-Up: What Happens After

Month 0-3

Initial Framework Building

Most participants focus on core DCF mechanics and getting comfortable with financial statement analysis. This phase feels slow—you're learning to walk before running. Common frustration point: wanting to jump to advanced techniques before fundamentals are solid.

Analyst reviewing financial models on computer screen
Typical milestone: Complete your first full three-statement model without referencing templates
Month 4-6

Application to Real Work

This is where theory meets messy reality. You start applying frameworks to actual assignments at work. Expect initial awkwardness—your first attempts will be slower than your old methods. But the logic becomes clearer. Two participants from audit firms reported their workpapers started passing senior review with fewer comments around month five.

Professional working on valuation analysis with documents
Common experience: First successful defense of assumptions to skeptical stakeholders
Month 7-12

Integration and Refinement

The techniques become more automatic. You stop consciously thinking about every step and start recognizing patterns. One banking analyst described it as "finally having a systematic way to think about problems instead of just copying what I did last time." Speed improves significantly—not because you're rushing, but because you're not second-guessing every decision.

Financial analysis workspace with reports and calculations
Reported outcome: 60% faster model building with higher confidence in results
Beyond 12 Months

Sustained Professional Impact

We follow up with participants at 12 and 18 months. The consistent pattern: continued application of frameworks leads to reputation changes within organizations. People start coming to you with valuation questions. Three 2023 participants reported being assigned more complex deals specifically because managers trusted their analytical approach. This isn't about dramatic promotions—it's about gradual recognition as someone who produces reliable work.

Long-term pattern: Continued framework application correlates with expanded project scope and increased stakeholder trust