SALE

Investment Banking Industry Certificate Open Classroom

Join our open classroom led by our expert instructors from 9am – 5pm, in London, and rapidly develop modeling skills for valuation and transaction structuring.

Establish an outstanding foundation in each topic and flexibility for future career development. Book the 5-day program to earn your Industry Certificate and specialize in investment banking.

Add to cart

October

Arrow Down Icon

Fundamentals Certificate - 24th - 25th October

Industry Certificate - 24th - 28th October

Clear All

5 for 4

Book 5 Days For Less

9-5pm

London

Course Instructor Icon

Direct instructor help

Micro-degree Course Icon

Industry Certificate

Investment Banking Industry Certificate Open Classroom

Join our open classroom led by our expert instructors from 9am – 5pm, in London, and rapidly develop modeling skills for valuation and transaction structuring.

Establish an outstanding foundation in each topic and flexibility for future career development. Book the 5-day program to earn your Industry Certificate and specialize in investment banking.

Add to cart

October

Arrow Down Icon

Fundamentals Certificate - 24th - 25th October

Industry Certificate - 24th - 28th October

Clear All

Industry Certificate

Book all 5 days for the price of 4, earn your Industry Certificate and specialize in investment banking. Days 3 – 5 provide a deep dive into valuation, followed by practical M&A and LBO modeling.

  • 24th – 28th October
  • London
  • Earn the Industry Certificate and join our elite alumni
  • Receive 3 months free access to Felix

Fundamentals Certificate

Book your place on days 1 & 2 to earn your Fundamentals Certificate and establish the core skills needed to build models quickly and error-free.

  • 24th – 25th October
  • London
  • Earn your Fundamentals Certificate
  • Receive 1 month free access to Felix

Explore the 5-Day Program Schedule

Day 1

Accordion White Arrow Icon

About

 

Accounting (Fundamentals Certificate)

Master the skills that underpin a broad range of finance roles and discover how investment bankers interpret financial statements. Quickly and confidently evaluate financial data and use the calculated information to build high-quality reports for income statement and earnings analysis, company capital structure, cash flow statements, and more.

About

 

Accounting (Fundamentals Certificate)

Master the skills that underpin a broad range of finance roles and discover how investment bankers interpret financial statements. Quickly and confidently evaluate financial data and use the calculated information to build high-quality reports for income statement and earnings analysis, company capital structure, cash flow statements, and more.

Module

Financial Accounting Review

Accordion Arrow Icon
  • 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 Statement and Earnings Analysis

Accordion Arrow Icon
  • 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 releases
  • 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

Accordion Arrow Icon
  • 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

Accordion Arrow Icon
  • 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

Company Capital Structure

Accordion Arrow Icon
  • Debt issues and repurchases
    • Simple yield to maturity and all in cost calculations and understanding Original Issuer Discounts
    • Calculating net debt
    • Accounting for leases
  • 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

Accordion Arrow Icon
  • 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

Day 2

Accordion White Arrow Icon

About

 

Financial Modeling (Fundamentals Certificate)

Get to grips with how to build a three-statement model with an iterative circular reference and progress to a simple review of model with cash a sweep mechanism. Discover how to identify errors found in integrated three-statement models, whilst using a checking and auditing toolkit.

About

 

Financial Modeling (Fundamentals Certificate)

Get to grips with how to build a three-statement model with an iterative circular reference and progress to a simple review of model with cash a sweep mechanism. Discover how to identify errors found in integrated three-statement models, whilst using a checking and auditing toolkit.

Module

Three Statement Model with Iterations

Accordion Arrow Icon
  • 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

Building a Model with a Cash Sweep

Accordion Arrow Icon
  • 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

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

Day 3

Accordion White Arrow Icon

About

 

Valuation (Industry Certificate)

Learn how to put together a set of trading comparables using underlying source documents and market data. Discover how to utilize transaction comparables and premium paid analysis for the target sector to prepare a grid of WACC estimates for the different case companies.

About

 

Valuation (Industry Certificate)

Learn how to put together a set of trading comparables using underlying source documents and market data. Discover how to utilize transaction comparables and premium paid analysis for the target sector to prepare a grid of WACC estimates for the different case companies.

Module

Trading Comparable Valuation

Accordion Arrow Icon
  • 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 and Premium Paid Analysis

Accordion Arrow Icon
  • 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 - Practical Application

Accordion Arrow Icon
  • Capital Asset Pricing Model
  • Calculating the WACC from the peer group
  • Interpreting the results
  • Establishing a reasonable cost of capital for the target company

Day 4

Accordion White Arrow Icon

About

 

Valuation (Industry Certificate)

Develop a practical understanding of DCF valuation from calculation steps to discounting appropriately for reliable forecasts. Prepare a discounted cash flow valuation for the target company using a financial forecast and WACC analysis,  and learn how to structure an acquisition using debt financing.

About

 

Valuation (Industry Certificate)

Develop a practical understanding of DCF valuation from calculation steps to discounting appropriately for reliable forecasts. Prepare a discounted cash flow valuation for the target company using a financial forecast and WACC analysis,  and learn how to structure an acquisition using debt financing.

Module

Discounted Cash Flow Valuation

Accordion Arrow Icon
  • Calculating free cash flows
  • Understanding how the operational ratios should develop over the financial forecast period
  • 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

Acquisition Financing and Debt Capacity Analysis

Accordion Arrow Icon
  • Cash flow based debt capacity analysis
  • Multiple based debt capacity analysis
  • Structuring a transaction
  • Structuring a transaction with different debt tranches

Day 5

Accordion White Arrow Icon

About

 

M&A and LBO Analysis (Industry Certificate)

Discover how to build a simple model using key information from the trading comparables model to review the key financial effects of a potential acquisition at different prices. Build on a debt-financed acquisition model with a complex debt sheet and a section for returns to equity holders.

About

 

M&A and LBO Analysis (Industry Certificate)

Discover how to build a simple model using key information from the trading comparables model to review the key financial effects of a potential acquisition at different prices. Build on a debt-financed acquisition model with a complex debt sheet and a section for returns to equity holders.

Module

M&A Cash Deal

Accordion Arrow Icon
  • Estimated acquisition price range based on valuation analysis
  • Impact on earnings per share forecast
  • Impact on credit rating

Private Equity Acquisition/LBO Analysis

Accordion Arrow Icon
  • Revolving credit facility
  • Term loans
  • Cash sweep mechanisms and covenant mechanisms
  • Bullet / high yield loans
  • Credit ratios
  • Calculating returns to equity holders (internal rate of return and money multiples)

Post-Class: Felix

After your classroom training you will be given access to Felix. Instantly access over 2,000 precise instructor-led videos. Build your models quickly and accurately with streamlined SEC data and market and industry data collated by our team of experts.

Fundamentals Certificate – Take part in days 1 & 2 and receive 1 month free access to Felix.

Industry Certificate – Book all 5 days and receive 3 months free access to Felix.

After your classroom training you will be given access to Felix. Instantly access over 2,000 precise instructor-led videos. Build your models quickly and accurately with streamlined SEC data and market and industry data collated by our team of experts.

Fundamentals Certificate – Take part in days 1 & 2 and receive 1 month free access to Felix.

Industry Certificate – Book all 5 days and receive 3 months free access to Felix.

Get a Wall Street Recognized Certification

Upgrade your Résumé with the Investment Banking Industry Certificate

Unlock your Investment Banking Industry Certificate when you complete all 5 days and join our alumni of the world’s best analysts. Certification can easily be added to LinkedIn, demonstrating your achievement which will be recognized by the most prestigious firms on Wall Street.

Our Alumni

Demonstrate You're As Good As The Best

By completing the Investment Banking Industry Certificate , 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.

Frequently Asked Questions

Is it right for me?

Accordion Arrow Icon

Our virtual classrooms offer distinct learning opportunities. Have your questions answered immediately by our expert instructors. Utilizing years of industry and teaching experience, they will make the learning applicable and vibrant. Reference the learning materials online for 365 days after the live sessions.

What will I need?

Accordion Arrow Icon

A laptop is essential, ideally with a webcam and microphone, and working WiFi. You must have access to Adobe Reader and Microsoft Excel. Each live session will take place on Zoom. Participants will be sent a link in their online classroom hub.

Will I get certification?

Accordion Arrow Icon

Yes! Earn your fundamentals certificate after completing 2 days of the program. Complete all 5 days of the program to earn your Investment Banking Industry Certificate. Demonstrate your new capabilities by quickly adding your certification to LinkedIn and join our prestigious alumni to receive exclusive benefits.

Are there any additional fees or costs?

Accordion Arrow Icon

No, everything detailed is included in the price.

Can I download the Excel files and financial modeling templates?

Accordion Arrow Icon

Absolutely, all files and resources are accessible via our intuitive learning platform, designed to support you throughout the program and beyond.

Is Financial Edge's training credible?

Accordion Arrow Icon

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, challenge yourself with the same content, certification, and Wall Street instructors.

* Is the instructor the same throughout?

Accordion Arrow Icon

Not always, but at FE we are privileged to have a deep bench of expert Wall Street instructors. If the instructor has to change for any reason we will let you know, but rest assured you will always receive the very best classroom experience.

Virtual interview superday event details image
x