Included courses

The Investment Management Industry

4.7 STARS

Star Rating
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About

Discover all aspects of the asset management industry, key players, regulatory considerations, and develop an understanding of a client’s investment objectives.

Completion time

1 Hour

Level

Skills Certificate

About

Discover all aspects of the asset management industry, key players, regulatory considerations, and develop an understanding of a client’s investment objectives.

Completion time

1 Hour

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Intro to Asset Management

27

0

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Video minutes27

Excel Exercises0

  • How the investment management process works
  • Asset classes (cash, debt, equity, and alternatives)
  • Types of investors
  • Wealth management and more!

Investors, Institutional and Retail

9

0

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Video minutes9

Excel Exercises0

  • Retail investors vs institutional investors
  • Pension funds
  • Insurance companies
  • Endowments
  • Sovereign wealth funds
  • Types of retail investors

The Investment Policy Statement

6

0

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Video minutes6

Excel Exercises0

  • Purpose of the Investment Policy Statement
  • Objectives: risk and return
  • Liquidity constraint
  • Time Horizon constraint
  • Tax Status, Legal and Regulatory constraint

US 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

Economic Analysis & Asset Allocation

4.7 STARS

Star Rating
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About

Assess the impact of the economy, business cycle, central banks, regulation, and general market trends on investment decisions. Learn the key aspects of portfolio theory, investment exposure, measures, benchmarks, analysis, and behavioral factors.

Completion time

5.5 Hours

Level

Skills Certificate

About

Assess the impact of the economy, business cycle, central banks, regulation, and general market trends on investment decisions. Learn the key aspects of portfolio theory, investment exposure, measures, benchmarks, analysis, and behavioral factors.

Completion time

5.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Monetary Systems

20

4

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Video minutes20

Excel Exercises4

  • Role of Central Banks
  • Monetary Policy
  • Fiscal Policy

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

Macroeconomic Indicators

20

0

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Video minutes20

Excel Exercises0

  • Leading Indicators
  • Coincident Indicators
  • Lagging Indicators
  • Price Level Indicators

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

Portfolio Risk

12

3

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Video minutes12

Excel Exercises3

  • Types of Risk

Portfolio Risk and Return

52

3

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Video minutes52

Excel Exercises3

  • Portfolio Risk Measures (recap)
  • Measuring Risk and Beta
  • Covariance and Correlation
  • Benefits of Diversification

Modern Portfolio Theory

60

4

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Video minutes60

Excel Exercises4

  • Modern Portfolio Theory
  • Capital Asset Pricing Model
  • Security Market Line
  • Black-Litterman Model
  • Robust Optimization
  • Arbitrage Pricing Theory

Behavioral Finance

11

0

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Video minutes11

Excel Exercises0

  • Introduction to Behavioral Finance
  • Heuristic-driven biases
  • Frame dependence

Goals Based Investing

14

1

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Video minutes14

Excel Exercises1

  • Purpose of goals based investing
  • How does goals based investing work
  • Practical example goals based investing
  • Comparison with traditional approach

Security Selection

4.7 STARS

Star Rating
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About

Identify the techniques that can be used to analyze and value individual stocks. Explore traditional and exotic equity investment options, and the opportunities offered by different products.

Completion time

6.5 Hours

Level

Skills Certificate

About

Identify the techniques that can be used to analyze and value individual stocks. Explore traditional and exotic equity investment options, and the opportunities offered by different products.

Completion time

6.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Overview - Active vs Passive Investing

22

2

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Video minutes22

Excel Exercises2

  • Active vs Passive Investing
  • Identifying closet index funds
  • Active Investing

Index Investing

37

1

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Video minutes37

Excel Exercises1

  • What is an index?
  • Index construction methodologies
  • How indexes are used
  • The role of the index provider
  • Benefits of index investing
  • How to construct an index portfolio

Equity Investment Vehicles

14

0

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Video minutes14

Excel Exercises0

  • Mutual Funds
  • ETFs
  • Other Equity Investment Vehicles

Equity - Investment Characteristics

14

0

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Video minutes14

Excel Exercises0

  • Common stock
  • Preferred securities
  • Convertible bonds
  • Indices
  • Exchange Traded Funds
  • Equity multiples
  • Enterprise multiples

Market Sectors

7

0

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Video minutes7

Excel Exercises0

  • Market sector classifications
  • Industrial vs financial sectors

Equity - Emerging Markets

9

0

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Video minutes9

Excel Exercises0

  • Overview of emerging markets
  • Definition of emerging markets
  • Emerging markets and growth
  • Emerging markets and risk

Fixed Income Portfolio Management

126

9

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Video minutes126

Excel Exercises9

  • Active vs passive fixed income portfolio management
  • Macaulay and modified duration
  • Convexity
  • DV01
  • Liability driven investing
  • Cash flow matching and more!

Alternative Investments

8

0

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Video minutes8

Excel Exercises0

  • Alternative vs traditional asset classes
  • Hedge funds
  • Private equity
  • Commodities
  • Real estate
  • Foreign exchange

Technical Analysis

8

0

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Video minutes8

Excel Exercises0

  • Introduction to technical analysis
  • Trend analysis
  • Support and resistance

ESG Investing

47

4

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Video minutes47

Excel Exercises4

  • Introduction to ESG
  • Materiality
  • Benchmarking Analysis
  • Environmental, Social and Governance Metrics
  • Scenario Analysis

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

Accounting Ratios

41

15

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Video minutes41

Excel Exercises15

  • Profitability ratios, including margins
  • Liquidity ratios, including operating working capital
  • EBIT and EBITDA for the historical year, and on an LTM basis
  • Leverage ratios, including net debt and interest coverage
    Asset ratios

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

4.6 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

4.5 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

The Equities Trader

4.2 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

The FICC Trader

4.5 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

Performance Measurement

4.7 STARS

Star Rating
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About

Learn how to build more efficient and resilient portfolios by measuring the returns and risks in a portfolio. Consider how the performance of portfolio managers is assessed, and the ways in which various divers of performance can be identified.

Completion time

1 Hour

Level

Skills Certificate

About

Learn how to build more efficient and resilient portfolios by measuring the returns and risks in a portfolio. Consider how the performance of portfolio managers is assessed, and the ways in which various divers of performance can be identified.

Completion time

1 Hour

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Benchmarks

7

0

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Video minutes7

Excel Exercises0

  • Introduction to benchmarks
  • Properties of a valid benchmark
  • Types of benchmarks

Equity Indices

12

0

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Video minutes12

Excel Exercises0

  • Introduction to equity indices
  • Types of indices
  • Market value weighted
  • Price weighted
  • Equal weighted
  • Fundamentally weighted

Risk Adjusted Measures

10

0

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Video minutes10

Excel Exercises0

  • Alpha
  • Sharpe Ratio
  • Treynor Ratio
  • Information Ratio

Attribution

11

0

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Video minutes11

Excel Exercises0

  • Allocation effect
  • Selection effect
  • Interaction effect
  • Factor tilt attribution

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 Portfolio Manager is made up of 8 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 our portfolio management certification, 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.

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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.

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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 Portfolio Manager certification is designed for those currently working in seeking to break into the asset management industry with the ultimate goal of becoming a portfolio manager. This comprehensive course covers both the fundamentals of the buy-side and advanced 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 The Portfolio Manager help me get a job at an Investment Bank?

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Absolutely. Develop practical skills you 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 portfolio management course?

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We 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.

What is CPD?

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All Financial Edge online courses are CPD accredited. CPD stands for Continuing Professional Development and makes demonstrating your commitment to learning easy. Your institution or accrediting body may track CDP points through activities, units or hours. Check with the relevant party to find out how you should be monitoring your progress.

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