We train students for a career in Investment Banking
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London
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New York
Live, Part-Time Investment Banking Analyst Program (3 months - Live Online Program)
Description (16 Weeks - Live Online Program)
Program Description and Why do the course?
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Join the first of its kind Investment Banking Training program which allows students to train and replicate the work of an investment banker on a part-time basis.
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Run over 16 weeks Live Online: Two days – Monday and Wednesday each week (6:00 pm to 8:00 pm UK time).
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Aimed at university students and early career professionals (no more than 5 years experience) who are serious about breaking into investment banking.
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Train with an Ex- Goldman Sachs and Barclays Investment Banker.
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Add significant weight to your CV.
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Program helps candidates with Mock Interviews and CV/CL editing and proprietary investment banking jobs platform.
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Opportunity to network with an alumni base of more than 250 students who have graduated from our courses over the past six years.
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Learn how to network life a ninja on LinkedIn. Our students have secured interview with prestigious investment banks such as Goldman's, UBS, JP Morgan, Morgan Stanley and many others through our LinkedIn Masterclass.
What are the exit opportunities after finishing the course?
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Be your own boss and continue working on independent equity research platforms: Using the skills developed during the course, candidates can begin writing their own equity research reports.
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Move into a traditional investment banking role: Through learning financial modelling, candidates will have acquired the core investment banking skillset which is necessary to thrive in the industry. They will also have bolstered their CV by adding vital experience. Together, these benefits will help candidates lock down interviews and convert them into offers, be it a bulge bracket or boutiques. Past students have gone on on to work for leading banks, private equity and asset management companies such as Morgan Stanley, Fidelity, Wellington Asset Management and KPMG among many others.
Programme Content
4 hours of training and 2-4 hours of homework a week.
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3 weeks: Accounting and students start researching a company of their choice.
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9 weeks of Financial Modelling: Build a real-life model on Apple Inc.
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3 weeks of Valuations – Value Apple Inc using DCF and public comparables. Conduct LBO and M&A Accretion analysis.
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1 week –Write Initiating coverage Equity research report on Apple
Equity Research Modules:
First Three weeks – Accounting
Program Content
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Accounting – Induction, Introduction to accounting and Income Statement.
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How to write an Equity Research Log.
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Overview of Balance Sheet.
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Cash Flow statement, Ratios and Advanced Accounting.
Weeks 4 to 12 – Financial Modelling
Program Content
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Accounting exam.
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Setting up a detailed Shareholders Equity Schedule.
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Equity options and RSU's - Share-based compensation expense.
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Forecasting the rest of the Balance Sheet line items.
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Forecasting the Cash Flow Statement.
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Balancing the model using proprietary techniques.
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Dealing with circular reference.
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Auditing a financial model.
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Advanced excel concepts.
Weeks 13 to 15 – Valuations
Program Content
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DCF valuation
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Time value of money.
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Spreading Free cash flow to Equity and Firm valuations schedule.
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WACC.
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Terminal value – Gordon growth and Multiple method.
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Calculating Fair Value.
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Sensitivity Analysis.
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Spreading data table for DCF valuation.
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Comparable valuations
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PE ratios – pros and cons.
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PB ratios - pros and cons.
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PEG ratio - pros and cons.
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EV/EBITDA - pros and cons.
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EV/EBIT- pros and cons.
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EV/Revenue - pros and cons.
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EV/Sales- pros and cons.
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M&A modelling – Accretion/Dilution analysis.
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Overview of Private Equity.
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LBO modelling
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Step 1 - Set up the pre-transaction structure operating model.
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Step 2 - Set up the capital structure.
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Step 3 - Build the post transaction operating model.
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Step 4 - Calculate IRR's.
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Step 5 - Optimise the model.
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Weeks 16 – Writing Equity Research Report
Program Content
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Write a detailed initiation coverage equity research report on a company of student’s choice.
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Build an advanced financial model with a detailed Revenue breakdown sheet.
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Value Apple using sum of the parts method.
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Use advanced techniques to compute valuations of fast-growing internet stocks such as Amazon using the Siegel calculator and an extended DCF model.
Super Day/Assessment Centre Day (End of Week 12)
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Replicates real-life assessment centre day at top investment banks.
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Case studies on M&A and Private Equity published by top business schools such as Harvard.
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Mock interviews conducted by Senior Bankers - Each student is given one to one feedback on their profile and interviewing skills.
Mock Interview Panel
City Investment Training Alumni Event 2022
In Banking it's not only "What you know?" but also "Who you Know?"
William Dunstan - Summer 8 weeks 2021 Cohort
From City Investment Training to AGC Partners M&A analyst
George Galanopoulos (Ex-M&A Director at Rothschild and Partner at Venero Capital)
Dr. Kenneth Lee - Ex-Head of European Equity Research at Barclays
Programme Location
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Online Only (All training sessions will be recorded)
Programme Calendar
Course starting dates: *
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18th March 2024
Fees and Financing
Please send your CV to info@cityinvestmenttraining.com or fill in the form below and we will get back on your application within the next few minutes.
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