Investment Banking Industry Certificate Open Classroom SALE

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.

Fundamentals Certificate

24th - 26th April

£998 £799

Enquire

Industry Certificate

24th - 28th April

£2,495 £1,996

Enquire

Please provide your details so our logistics team can contact you to arrange your booking and answer any questions.



    5 for 4

    Book 5 Days For Less

    9-5pm

    London

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    Industry Certificate

    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.

    Fundamentals Certificate

    24th - 26th April

    £998 £799

    Enquire

    Industry Certificate

    24th - 28th April

    £2,495 £1,996

    Enquire

    Please provide your details so our logistics team can contact you to arrange your booking and answer any questions.



      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 April
      • 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 – 26th April
      • London
      • Earn your Fundamentals Certificate
      • Receive 1 month free access to Felix

      Explore the 5-Day Program Schedule includes

      Day 1

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      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.

       

      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

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      • 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

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      • 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

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      • 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

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      • 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

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      • 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

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      • 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

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      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

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      • 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

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      • 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

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

      Day 3

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      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

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      • 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

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      • 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

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      • 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

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      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

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      • 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

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

      Day 5

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      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

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

      Private Equity Acquisition/LBO Analysis

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      • 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 2,500 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 2,500 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?

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      Our open 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?

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      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?

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      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?

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      No, everything detailed is included in the price.

      Can I download the Excel files and financial modeling templates?

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      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?

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

      * Is the instructor the same throughout?

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      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.