Included courses

Portfolio Performance

4.6 STARS

Star Rating
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About

Learn to measure the returns and risks in a portfolio. Increase your accuracy when comparing with appropriate benchmarks.

Completion time

2.5 Hours

Level

Skills Certificate

About

Learn to measure the returns and risks in a portfolio. Increase your accuracy when comparing with appropriate benchmarks.

Completion time

2.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Portfolio Theory

11

3

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Video minutes11

Excel Exercises3

  • Modern portfolio theory
  • CAPM
  • Security market line

Understanding Portfolio Risk

11

3

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Video minutes11

Excel Exercises3

  • Loss of principle, sovereign risk, purchase power risk
  • Interest rate risk, liquidity risk, credit risk
  • Geopolitical risk, reinvestment risk, currency risk

Portfolio Risk Measures

2

0

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Video minutes2

Excel Exercises0

  • Portfolio risk measures (recap)
  • Covariance and correlation
  • Portfolio expected returns and standard deviation

Portfolio Performance

12

4

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Video minutes12

Excel Exercises4

  • Components of return
  • Absolute and relative performance
  • Rolling returns
  • Time weighted and dollar weighted returns

Risk Adjusted Measures

12

0

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Video minutes12

Excel Exercises0

  • Alpha
  • Sharpe ratio
  • Treynor ratio
  • Information ratio

Benchmarks

7

0

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Video minutes7

Excel Exercises0

  • Benchmarks intro
  • Properties of a valid benchmark
  • Types of benchmarks

Client Portfolio and Attribution Analysis

6

0

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Video minutes6

Excel Exercises0

  • Attribution analysis intro
  • Types of attribution analysis

Overview of Behavioural Finance

8

0

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Video minutes8

Excel Exercises0

  • Behavioural finance intro
  • Heuristic-driven biases
  • Frame dependence

Traditional & Alternative Investments

4.5 STARS

Star Rating
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About

Learn how to build more efficient and resilient portfolios. Explore traditional and exotic equity investment options, and the opportunities offered by different products.

Completion time

2.5 Hours

Level

Skills Certificate

About

Learn how to build more efficient and resilient portfolios. Explore traditional and exotic equity investment options, and the opportunities offered by different products.

Completion time

2.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Equity Investment Vehicles

13

0

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Video minutes13

Excel Exercises0

  • Mutual funds
  • ETFs
  • Other equity investment vehicles

Equity Characteristics

14

0

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Video minutes14

Excel Exercises0

  • Size
  • Style
  • Volatility
  • Other

Introduction to Financial Statements

11

0

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Video minutes11

Excel Exercises0

  • Financial statements introduction fundamentals
  • Balance sheet fundamentals
  • Income statement fundamentals
  • Cash flow statement fundamentals

Equity Valuation

7

0

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Video minutes7

Excel Exercises0

  • Components of return
  • Absolute and relative performance
  • Rolling returns
  • Time weighted and dollar weighted returns

Market Sectors

7

0

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Video minutes7

Excel Exercises0

  • Market sectors
  • Industrials vs financials

Emerging Markets

9

0

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Video minutes9

Excel Exercises0

  • Emerging market intro
  • Emerging market considerations

Alternative Investments

8

0

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Video minutes8

Excel Exercises0

  • Alternative investments intro
  • Characteristics of alternative investments

Alternative Investment Strategies

12

0

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Video minutes12

Excel Exercises0

  • Hedge funds
  • Private equity
  • Venture capital

Technical Analysis

8

0

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Video minutes8

Excel Exercises0

  • Trend analysis

Applied Finance & Economics

5 STARS

Star Rating
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About

This online course studies the impact of the economy, business cycle, central banks, regulation and general market trends on investment decisions. These factors play an important role in “top down” analysis, used to evaluate market conditions before selecting specific companies, securities or asset classes.

Completion time

4 Hours

Level

Skills Certificate

About

This online course studies the impact of the economy, business cycle, central banks, regulation and general market trends on investment decisions. These factors play an important role in “top down” analysis, used to evaluate market conditions before selecting specific companies, securities or asset classes.

Completion time

4 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Intro to Financial Markets

19

0

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Video minutes19

Excel Exercises0

  • FX market intro
  • FX quotes and terms
  • Commodities markets intro

Monetary Systems

20

4

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Video minutes20

Excel Exercises4

  • Role of central banks
  • Monetary policy
  • Fiscal policy

US Treasuries

39

5

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Video minutes39

Excel Exercises5

  • Govt bonds and terminology
  • US govt bonds products
  • Govt bonds yield curve

Understanding Economic Cycles

20

0

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Video minutes20

Excel Exercises0

  • Global economics – trade advantages
  • Global economics – balance of payments
  • Stages of the business cycle
    • Stages of the business/economic cycle
    • Monetary and fiscal policy affect on the business/economic cycle

Macroeconomic Indicators

20

0

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Video minutes20

Excel Exercises0

  • Leading indicators
  • Coincident indicators
  • Lagging indicators
  • Price level indicators

Equity Indices

11

0

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Video minutes11

Excel Exercises0

  • Introduction
  • Market value weighted
  • Price weighted
  • Equally weighted
  • Fundamentally weighted

Regulatory Considerations

17

0

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Video minutes17

Excel Exercises0

  • Fiduciary responsibilities
  • ERISA
  • UPMIFA
  • Regulatory agencies SEC
  • Regulatory agencies FINRA
  • Regulatory agencies – state agencies

Global Capital Markets History

11

0

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Video minutes11

Excel Exercises0

  • Cyclical and secular bull and bear markets
  • Extremes of equity valuation
  • Equity valuation within various secular market cycles

The FICC Trader

5 STARS

Star Rating
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About

Learn all aspects of fixed income, currencies and commodities sales and trading at an investment bank.

Completion time

6 Hours

Level

Skills Certificate

About

Learn all aspects of fixed income, currencies and commodities sales and trading at an investment bank.

Completion time

6 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Rates Markets and Products

39

5

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Video minutes39

Excel Exercises5

  • US government bond market including TIPS and zero coupons
  • European government bond market including index linked Gilts, Gilt strips, and other inflation-linked bonds (e.g. Germany)
  • Asian government bond market including JGBi
  • Yield curve
  • Central bank activity and impact to capital markets

Credit Markets and Products

41

9

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Video minutes41

Excel Exercises9

  • Credit ratings
  • Credit spreads and implied risk premia
  • US corporate bond market
  • European corporate bond market
  • Bonds with specialist including puttable, callable, contingent capital (coco), CLOs, CDOs, convertibles, and exchangables
  • Bank loans
  • Calculating bond yields
  • Calculating bond prices
  • Role of DCM versus the trading desk

FX and Commodities

19

0

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Video minutes19

Excel Exercises0

  • FX definitions and quote methodology
  • FX spot market
  • Cross rates
  • Commodity markets

Fixed Income Derivatives

35

8

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Video minutes35

Excel Exercises8

  • Options, forwards, and futures
  • Interest rate swaps
  • Swaptions
  • Credit default swaps and credit default indices
  • FX and commodity derivatives
  • Structured products

Collateral Management

33

5

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Video minutes33

Excel Exercises5

  • What is collateral?
  • Types of collateral
  • Credit risk
  • Centralized clearing

The Equities Trader

4.8 STARS

Star Rating
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About

Learn all aspects of equity sales and trading at an investment bank and utilize practical skills from day one.

Completion time

8 Hours

Level

Skills Certificate

About

Learn all aspects of equity sales and trading at an investment bank and utilize practical skills from day one.

Completion time

8 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Equity to Enterprise Value Bridge

28

9

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Video minutes28

Excel Exercises9

  • Calculating equity value
  • Calculating enterprise value
  • Non-core items, debt equivalent items, and non-controlling interests
  • Calculating simple multiples
  • Illustrating the impact of leverage
  • Understand how growth rates, returns and multiples interrelate

Equities Markets and Products

34

8

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Video minutes34

Excel Exercises8

  • Cash equities
  • Different exchanges
  • Initial public offerings
  • Role of ECM versus trading desk

Special Situations

92

6

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Video minutes92

Excel Exercises6

  • Equity events: spin offs, share repurchases, asset sales
  • Fixed income events: debt restructuring, distressed debt
  • Private situations

Equity Derivatives

63

13

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Video minutes63

Excel Exercises13

  • Options, forwards, and futures
  • Asset swaps
  • Structured products
  • Hedging

Foundation Skills

5 STARS

Star Rating
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About

Increase your Excel efficiency and master the mathematical fundamentals that future courses rely upon.

Completion time

3 Hours

Level

Completion Certificate

About

Increase your Excel efficiency and master the mathematical fundamentals that future courses rely upon.

Completion time

3 Hours

Level

Completion Certificate

Module

Video Minutes

Excel Exercises

Foundation Skills

131

10

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Video minutes131

Excel Exercises10

  • Excel Efficiency – Menu and shortcut basics
  • Excel Efficiency – Basic formatting
  • Excel Efficiency – Basic formulas and calculations
  • Excel Efficiency – More formulas and calculations
  • Excel Efficiency – Naming cells and references
  • Basics of financial math – Present and future value
  • Basics of financial math – Annuities and Perpetuities
  • Basics of financial math – Yields and internal rate of return
  • Statistics – Basic concepts
  • Statistics – Portfolio concepts
  • Statistics – Analytic methods

The Accountant

4.5 STARS

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About

Quickly and confidently interpret financial data and statements, evaluate them and use the calculated information to build high-quality reports. Real company data and the latest rules are covered to ensure the methods used and skills developed are immediately applicable in the workplace.

Completion time

13 Hours

Level

Skills Certificate

About

Quickly and confidently interpret financial data and statements, evaluate them and use the calculated information to build high-quality reports. Real company data and the latest rules are covered to ensure the methods used and skills developed are immediately applicable in the workplace.

Completion time

13 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Financial Accounting Review

30

3

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Video minutes30

Excel Exercises3

  • Making entries and ensuring the balance sheet balances
  • Preparing a balance sheet
  • Preparing an income statement from the entries to retained earnings
  • Preparing a cash flow statement from the entries to the cash account
  • A review of the different categorizations on the income statement, balance sheet, and the cash flow statement

Income Statements

59

15

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Video minutes59

Excel Exercises15

  • Revenue recognition issues
  • Cost recognition issues
  • Identifying non-recurring items from the income statement, the MD&A, the notes to the accounts and the financial statement press release
  • Calculating EBIT and EBITDA for the historical year, and on an LTM basis
  • Understand the difference between basic and diluted earnings per share and calculate recurring diluted earnings per share
  • Review company profitability compared to its peer group

Working Capital

56

12

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Video minutes56

Excel Exercises12

  • Inventory accounting including the impact on EBIT of LIFO and FIFO accounting choices (where relevant)
  • Accounts receivable and bad debts (identifying when companies are manipulating sales)
  • Accounts payable and accruals and the difference between them from a due diligence perspective
  • Other items including taxes payable, deferred revenue, and pre-paid items
  • Working capital and operating working capital and the cash impact of changes in operating working capital
  • Credit implications of working capital movements
  • Day ratios

Non-Current Assets

39

11

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Video minutes39

Excel Exercises11

  • Gross PP&E, accumulated depreciation, depreciation expense and net PP&E
  • Building a simple forecast of fixed assets
  • Establishing the age of a company’s fixed asset base
  • Finite, and infinite intangibles including goodwill
  • A review of key methods of accounting for financial investments
  • At fair value through the income statement
  • Available for sale
  • Associate (equity method) accounting

Capital Structure

50

14

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Video minutes50

Excel Exercises14

  • Debt issues and repurchases
  • Simple yield to maturity and all in cost calculations and understanding Original Issuer Discounts
  • Calculating net debt
  • Equity issuance and repurchases
  • The difference between authorized, issued and outstanding shares and multiple share classes
  • Other capital items: preference shares and convertible bonds
  • Leverage ratios
  • Debt liability maturity analysis

Cash Flow Statements

25

3

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Video minutes25

Excel Exercises3

  • Understanding how to categorize cash flows between operating, investing, and financing
  • Deriving a cash flow statement from two balance sheets and an income statement
  • Deriving a balance sheet from a cash flow statement and an income statement
  • Different cash flow statement presentations

Equity Method Investments

9

5

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Video minutes9

Excel Exercises5

  • What are equity method investments?
    • Equity affiliates/associates
    • Joint ventures
  • Equity method accounting
    • Income statement
    • Balance sheet
    • Cash flow statement
    • Financial statement integration

Intro to Full Consolidation

68

21

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Video minutes68

Excel Exercises21

  • M&A accounting overview
  • Balance sheet consolidation
  • Sources and uses of funds
  • Goodwill calculation
  • Income statement consolidation
  • Non controlling interests – NCI

The Modeler

4.7 STARS

Star Rating
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About

Financial modeling is one of the most useful skills in the world of finance. Knowing how to build models quickly and error-free is critical for the decisions and recommendations that they underpin. Our online financial modeling course provides the perfect introduction to building models, developing multiple techniques for a comprehensive and practical understanding of the topic.

Completion time

9.5 Hours

Level

Skills Certificate

About

Financial modeling is one of the most useful skills in the world of finance. Knowing how to build models quickly and error-free is critical for the decisions and recommendations that they underpin. Our online financial modeling course provides the perfect introduction to building models, developing multiple techniques for a comprehensive and practical understanding of the topic.

Completion time

9.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Introduction to Modeling

63

13

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Video minutes63

Excel Exercises13

  • Key settings
  • Formatting and layout standards
  • Building a simple income statement and balance sheet model, on one sheet, then across sheets
  • Balancing the balance sheet using the cash flow statement
  • Preparing the model for handover
  • Key formatting and putting the output into a pitch book

Three Statement Modeling with Iterations

59

15

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Video minutes59

Excel Exercises15

  • Income statement construction and highlighting key numbers
  • Calculation schedules (PP&E, retained earnings, operating working capital, and debt)
  • Balancing the balance sheet with a cash sweep
  • Calculating interest using average balances
  • Circular references and iterations
  • Working with a circular reference switch
  • Preparing the model for handover
  • Key formatting and putting the output into a pitch book

Three Statement Model Editing

44

0

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Video minutes44

Excel Exercises0

  • Steps before editing
  • Inserting a new item
  • Removing an old item
  • After editing
  • Relevant keyboard shortcut keys

Building a Model with Cash Sweep

62

17

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Video minutes62

Excel Exercises17

  • Why banks want to be repaid early
  • Cash sweep mechanisms
  • How to model cash sweeps
  • Building a three statement model with a cash sweep

Checking a Model for Integrity and Errors

36

11

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Video minutes36

Excel Exercises11

  • Top ten errors
  • Auditing and error checking toolkit
  • Checking your own model
  • Checking someone else’s model

The Valuer

4.6 STARS

Star Rating
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About

Learn how and when to utilize key valuation methodologies and their supporting calculations.

Completion time

12 Hours

Level

Skills Certificate

About

Learn how and when to utilize key valuation methodologies and their supporting calculations.

Completion time

12 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Equity to Enterprise Value Bridge

28

9

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Video minutes28

Excel Exercises9

  • Calculating equity value
  • Calculating enterprise value
  • Non-core items, debt equivalent items, and non-controlling interests
  • Calculating simple multiples
  • Illustrating the impact of leverage
  • Understand how growth rates, returns and multiples interrelate

Trading Comparables

69

17

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Video minutes69

Excel Exercises17

  • Review choosing a comparable set of companies
  • Calculating enterprise value
  • Calculating LTM EBITDA and EBIT
  • Forward multiples and issues with consensus data
  • Understanding which operational ratios are important for the analysis

Transaction Comparables

33

11

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Video minutes33

Excel Exercises11

  • Reviewing data sources
  • Understanding different deal contexts
  • Calculating enterprise value and LTM EBITDA
  • Calculating premiums paid based on offer prices where appropriate
  • Calculating the synergies from the transactions as a % of target sales

WACC Analysis

30

8

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Video minutes30

Excel Exercises8

  • Capital Asset Pricing Model
  • Calculating the WACC for the peer group
  • Interpreting the results
  • Establish a reasonable cost of capital for the target company
  • WACC approach

Discounted Cash Flow Valuation

50

14

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Video minutes50

Excel Exercises14

  • Calculating free cash flows
  • Understanding how the operational ratios should develop over the financial forecast
  • Calculating the steady state and making relevant adjustments to the steady state cash flows
  • Making reasonable assumptions for long-term growth rates
  • Discounting to a deal date
  • Converting the enterprise value into an implied share price, making relevant adjustments for share options and restricted stock units

Pulling the Analysis Together

43

13

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Video minutes43

Excel Exercises13

  • Reviewing different valuation methods
  • Preparing valuation ranges for each valuation method
  • Summarizing the valuation ranges and interpreting the results

Get Certification Recognized on Wall Street

Upgrade your résumé with certification recognized by the top 4 investment banks.

Our exams are similar to assessments at the top firms. This means they are going to challenge you. Our online courses will teach you everything you need to know to succeed.
The Asset Manager is made up of 9 online courses. Pass each one to unlock your 2 micro- degree’s. Certification can easily be added to LinkedIn, demonstrating your achievement which will be recognized by the most prestigious firms on Wall Street.

THIS MICRO-DEGREE HAS BEEN APPROVED BY

Colin Evans

Managing Director at J.P. Morgan

Colin Evans is a Managing Director at J.P. Morgan and leads the financial institutions coverage team globally for Corporate Banking

Dr. Ken Lee

Professorial Lecturer

Ex-Barclays Capital, Head of European Equity, Associate Professorial Lecturer at LSE, and Associate Instructor

Norman E Toy

Senior Lecturer

Ex-J.P.Morgan training consultant, Senior Lecturer at Mailman School of Public Health at Columbia in Advanced Healthcare Finance

Dr. Bridget Lyons

Professor of Finance

Professor of Finance at the Jack Welch College of Business at Sacred Heart University and Associate Instructor

LOOKING FOR A JOB AT A TOP FIRM?

We can pass successful candidate details to recruiters at the most prestigious financial institutions. Make sure you opt-in when submitting your feedback after completing your course.

Our Alumni

DEMONSTRATE YOU'RE AS GOOD AS THE BEST

By completing this course, you will be able to join our prestigious alumni on LinkedIn alongside hires at the top 4 investment banks. After becoming a member of this elite community, you can unlock exclusive benefits such as course discounts and more.

testimonials

what our students say

Individuals

Julian Santibanez

The Accountant

The Accountant package offered by Financial Edge is a stepping stone at understanding the logic behind investment banking operations.

Corporate clients

Summer Intern 2020

The Modeler

The Modeler by Financial Edge gives the student an opportunity to learn hands-on experience in financial modeling. From short cuts and revision techniques to Three Model Statement creation. Certainly an insightful experience.

View more

Frequently Asked Questions

What tech do I need?

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Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

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The Asset Manager is a comprehensive course covering both the fundamentals of the buy-side and advanced portfolio construction. If you are new to finance, start from the beginning. If you are already comfortable with the basics then jump ahead to the company valuation, markets and products, and portfolio construction.

Are Financial Edge's courses credible?

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The 4 leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, why not challenge yourself with the same content and certification with the same Wall Street instructors ready to answer your questions.

Will this course help me get a job at an Investment Bank?

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Absolutely. Develop practical skills your can use to impress at interviews, whether you’re looking to break into finance or change roles. Take advantage of our recruiter service to boost your chances.

How long do I have to complete the courses?

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We are delighted to announce that we now offer lifetime access on all online courses! Fit studying around your schedule. Learn at your own pace with on-demand video, practical examples to download and expert instructor support.

Are there any hidden costs?

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No. Everything you need to earn your micro-degree is included, from instructor-led videos and Excel exercises to the exam.

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