The FIG Banker includes

micro degree icon

The FIG Banker

| Micro-Degree

skills certificate

Introduction to Bank Analysis

| Skills Certificate
Accordion White Arrow Icon

5.5

Hours

5

Topics

28

Practical exercises

1

Exam

Discover the inner workings of commercial and investment banking with our certified bank analysis course.

Intro to Banking

35 video minutes

3 excel exercises

Accordion Arrow Icon

Video minutes 35

Excel Exercises 3

  • Comparing corporate and investment banking
  • Building a bank’s balance sheet
  • Building a bank’s income statement
  • Calculating return on equity for a bank

Banking - Financial Statement Fundamentals

53 video minutes

0 excel exercises

Accordion Arrow Icon

Video minutes 53

Excel Exercises 0

  • Deconstructing a bank’s balance sheet
  • Financial instruments classification under US GAAP
  • Cash & cash equivalents definition
  • Repurchase agreements (Repos)
  • Securities borrowed and loans
  • Determining the fair value of financial instruments
  • Other bank balance sheet line items in detail

Expected Credit Losses

13 video minutes

6 excel exercises

Accordion Arrow Icon

Video minutes 13

Excel Exercises 6

  • Understanding IFRS 9’s expected credit loss model
  • Calculating expected credit loss provisions for preforming loans, underperforming loans and loans with objective evidence of impairment
  • Identifying the accounting transactions required when posting expected credit loss provisions
  • Calculating gross and net interest after accounting for expected credit loss provisions

Deconstructing a Bank's Balance Sheet

23 video minutes

8 excel exercises

Accordion Arrow Icon

Video minutes 23

Excel Exercises 8

  • Building a KPI suite for a real set of bank financial statements
  • Analysing Net Interest Income (NII) & Net Interest Margin (NIM)
  • Reviewing the efficiency ratio
  • Taking a deep dive into Return on Tangible Equity (RoTE)
  • Calculating the Loan-to-Deposit Ratio (LDR)
  • Appraising the Liquidity Coverage Ratio (LCR)
  • Constructing an analysis of the Net Stable Funding Ratio (NSFR)
  • Reviewing the Expected Credit Loss coverage ratio
  • Calculating the Common Equity Tier 1 (CET 1) ratio

Bank Regulations

67 video minutes

11 excel exercises

Accordion Arrow Icon

Video minutes 67

Excel Exercises 11

  • Key objectives
  • Key tools
  • Recent initiatives
  • Regulatory bodies
  • Historical regulation
  • Basel, MiFid and Dodd-Frank
  • Stress testing
skills certificate

Bank Modeling and Valuation

| Skills Certificate
Accordion White Arrow Icon

3

Hours

3

Topics

20

Practical exercises

1

Exam

Make better informed investment decisions for your clients by mastering the relationship between bank performance and valuation.

Modeling a Simple Bank Model

29 video minutes

10 excel exercises

Accordion Arrow Icon

Video minutes 29

Excel Exercises 10

  • Forecasting the balance sheet
  • Forecasting net interest income
  • Forecasting the income statement
  • Calculating risk weighted assets
  • Calculating required capital
  • Completing the model
  • Preparing for hand-off

Bank Valuation

28 video minutes

8 excel exercises

Accordion Arrow Icon

Video minutes 28

Excel Exercises 8

  • Explore the relationship between bank performance and valuation
  • Calculate a bank’s market capitalization
  • Explore the relationship between growth, risk and returns

Dividend Discount Valuation

17 video minutes

2 excel exercises

Accordion Arrow Icon

Video minutes 17

Excel Exercises 2

  • Understanding tier 1 capital assumptions
  • Calculating maximum dividends
  • Calculating terminal value
  • Discounting the dividends
  • Calculating equity value and cross checking with PE and Price to book value multiples
  • Comparing the implied multiple of the terminal value and the overall valuation
skills certificate

Introduction to Insurance Analysis

| Skills Certificate
Accordion White Arrow Icon

7

Hours

5

Topics

32

Practical exercises

1

Exam

Discover the main types of insurance business and products, how to understand and interpret company financials, and get to grips with industry regulation.

Insurance Industry Overview

35 video minutes

6 excel exercises

Accordion Arrow Icon

Video minutes 35

Excel Exercises 6

  • The key terminology and products used in insurance
  • Calculating insurance revenues, costs and profits
  • A review of the global insurance market and sectors
  • Understanding and calculating life insurance benefits
  • Introducing the concept of reinsurance
  • A review of the main risks in insurance

Deconstructing Insurance Financial Statements

62 video minutes

10 excel exercises

Accordion Arrow Icon

Video minutes 62

Excel Exercises 10

  • The key principals and methods used in insurance accounting
  • Calculating insurance premiums and reserves for P&C business
  • Understanding the modifications for life insurance accounting and its application for common types of policy
  • Understanding how the insurance balance sheet and income statement are linked
  • Calculating DAC asset and reinsurance reserves
  • Understanding the different classifications and accounting for investments
  • A review of the financial statements of a real insurance company

Insurance Regulations

19 video minutes

3 excel exercises

Accordion Arrow Icon

Video minutes 19

Excel Exercises 3

  • An overview of the regulatory landscape
  • Detailed explanations of the Solvency II approach
  • Calculating capital requirements and ratios

Life Insurance Analysis

22 video minutes

4 excel exercises

Accordion Arrow Icon

Video minutes 22

Excel Exercises 4

  • Understanding profit drivers in life insurance
  • Analyzing profitability and capital
  • A review of new business metrics

P&C Insurance Analysis

87 video minutes

9 excel exercises

Accordion Arrow Icon

Video minutes 87

Excel Exercises 9

  • Income statement, with claims and expenses and the combined ratio, and underwriting profit
  • Claims reserves and their payout
  • Unearned premium reserve
  • Deferred acquisition costs (DAC)
  • Incurred but not reported reserve (IBNR)
  • Reinsurance assets
  • Equity capital and solvency
skills certificate

Insurance Modeling and Valuation

| Skills Certificate
Accordion White Arrow Icon

3

Hours

2

Topics

31

Practical exercises

2

Exams

Discover how modeling and valuing insurance companies differs substantially from other industries.

Life Insurance Model

60 video minutes

17 excel exercises

Accordion Arrow Icon

Video minutes 60

Excel Exercises 17

  • A comprehensive introduction to the key steps and methods used for valuing life insurance companies
  • The key steps and flow used in building a life insurance model
  • Forecasting key balance sheet line items
  • Dealing with the effects of reinsurance
  • Forecasting life insurance profits
  • Modeling regulatory capital requirements in equity

P&C Insurance Model

60 video minutes

14 excel exercises

Accordion Arrow Icon

Video minutes 60

Excel Exercises 14

  • Income statement, with claims and expenses and the combined ratio, and underwriting profit
  • Claims reserves and their payout
  • Unearned premium reserve
  • Deferred acquisition costs (DAC)
  • Incurred but not reported reserve (IBNR)
  • Reinsurance assets
  • Equity capital and solvency
  • Discounted dividend model
  • Relative valuation using regression of ROE and P/BV

Skills & Learning Objectives in The FIG Banker Micro-Degree

Reviewed by Industry Experts

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 the Corporate Banking.

Dr. Bridget Lyons

Professor of Finance

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

Chris Bishko

CFO

CFO with over 25 years experience as an operator, investor and investment banker in technology and financial services.

Level image

Wall Street Recognized Certification

Established on Wall Street, Financial Edge has taught at the biggest bulge-bracket firms since 2016, and now we offer that very same training online for you. It’s no secret that banking is fiercely competitive, which is why our Wall Street recognized certification is designed to let your employers know you have the skills to succeed.

This course is officially CPD certified

Continuing Professional Development (CPD) keeps a record of your increasing skills, knowledge and experience throughout your career, which now includes select Financial Edge certifications.

Complete a Micro‑degree to join our exclusive alumni

Sit beside the world’s best investment bankers on LinkedIn, and take advantage of exclusive must-have benefits for new and experienced analysts.

What Our Students Say

The FIG Banker Micro-Degree is included in your Felix Plan

Boost

Includes full access to all certified courses.

£449
Billed annually.
Get Started
Boost includes:
  • 184+ hours of instructor-led learning
  • Search across 350+ playlists, 3000+ videos and Q&As
  • Role-focused pathways
  • Expert instructor support

Pro

Full Felix access including all learning content and data features.

£699
Billed annually.
Get Started
Pro includes:
  • Everything in the Boost plan
  • Streamlined company data
  • Current and historic filings for over 7000 companies
  • Market and industry data
  • Ready-to-use sector and transaction models

Compare plans

Boost Pro
Completion certificates 38 38
Skills certificates 51 51
Micro-degrees 12 12
Searchable library of 350+ playlists, 3000+ videos and Q&As
10 role-based learning pathways, including Investment Banking, Equity Research, Sales and Trading and more
Expert instructor support
Practical exercises to work alongside videos and quick quizzes to test your understanding
Weekly live webinars
Streamlined company data (WACC. & EV bridge calculator, custom comparables)
Current and historic filings for over 4,000 US firms
Current and historic filings for over 7,000 firms globally
Link to, label and share data points in filings (limited to 10 for Free and Boost users, unlimited for Pro)
Regional and industry data sets
Ready-to-use sector and transaction models
Boost £449 Billed annually Get Started
Pro £699 Billed annually Get Started

Frequently Asked Questions

What tech do I need?

Accordion Arrow Icon
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?

Accordion Arrow Icon
Our online courses reflect the training new analysts receive at the leading financial organizations. They're challenging, but if you want to demonstrate you are as good as the best in the industry then this is the course for you. The top investment banks will recognize our micro-degree certifications, making them perfect for graduates looking to land a job or a professional preparing for a new role.

Are Financial Edge's courses credible?

Accordion Arrow Icon
The 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 FIG Banker help me get a job?

Accordion Arrow Icon
Absolutely. Develop practical skills you can use to impress at interviews, whether you’re looking to break into finance or change roles.

How long do I have to complete the FIG Banker ?

Accordion Arrow Icon
Everyone works at their own pace so there's no restrictions, all you need is an active Felix plan for the course you are completing. All Felix plans renew annually.

Are there any hidden costs?

Accordion Arrow Icon
No. Everything you need is included, from instructor-led videos and Excel exercises to the exams.

What is CPD?

Accordion Arrow Icon
All of our 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.

What support will I get along the way?

Accordion Arrow Icon
Our expert instructors are standing by to answer questions and help you develop a detailed understanding of finance complexities. Our technical support team are also ready to help with any system problems.

Start earning your FIG Banker Micro‑degree certificate today.