Syllabus for the Investment Banking Course by the International Finance Institute. Receive the hands-on investment banking education you need to advance your career in finance. Our investment banking courses are offered in a convenient, fast-track schedule with personalized instruction by senior investment bankers. Contact us for an investment banking seminar or for more information on our investment banking courses.

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INVESTMENT BANKING COURSE SYLLABUS - Week 1
DAY 1 - SESSION 1
ORIENTATION AND FINANCIAL STATEMENT ANALYSIS
1. Course Overview and Banker Introduction
2. Discussion of Student Background and Expectations
3. Investment Banking and Corporate Finance Introduction
a. Definition and Roles in Finance and Investment Banking
b. Overview of Private Equity, Hedge Funds and Venture Capital
Firms
c. Definition of an Investment Bank
d. Investment Banking Industry Overview
e. Career Paths at an Investment Bank
f. The Pitch Process
g. Buy Side vs. Sell Side of a Transaction
h. Initial Public Offerings
i. Expectations of an Investment Banking Employee
4. Overview of Financial Accounting (Balance Sheet, Cash Flow, In-
come Statement)
5. Understanding the SEC 10-K and 10-Q reports
(Including additional local reporting requirements outside the USA)
6. Financial Statement Analysis
a. Ratios and Growth Rate Analysis
b. Normalizing Adjustments
DAY 1 - SESSION 2
COMPLETE VALUATION ANALYSIS: MARKET APPROACH
1. Introduction to Corporate Valuation
2. Understanding Enterprise Value and Equity Value
3. Comparable Company Analysis (Valuation Method 1)
a. How to Select Comparable Companies
b. Spreading Comparables
c. Analyzing Valuation Multiples
d. Determining Corporate Value
4. Historical Transaction Analysis (Valuation Method 2)
a. How to Select Comparable Companies
b. Spreading Comparables
c. Determining Corporate Value

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INVESTMENT BANKING COURSE SYLLABUS - Week 1
DAY 2 - SESSION 3
COMPLETE VALUATION ANALYSIS - INCOME APPROACH
1. Discounted Cash Flow Analysis (DCF) (Valuation Method 3)
2 The Forecast Period & Forecasting Revenue Growth
3. Forecasting Free Cash Flows
4. Calculating The Discount Rate
5. Determining Fair Value
6. Pros & Cons Of DCF
7. Determining Corporate Value
DAY 2 - SESSION 4
CONSTRUCTION OF AN INTEGRATED CASH FLOW MODEL
1. Introduction to Cash Flow Modeling
a. Financial Modeling Best Practices
b. Setting up a Financial Model
c. Selecting Assumptions and Drivers
d. Linking the 3 Financial Statements
2. Setting up the Model for Historic and 5-Year Projections
3. Projecting the Financial Statements (Balance Sheet, Cash Flow,
Income Statement)
a. Modeling Debt and Revolvers
b. Debt and Interest Schedule
c. Industry Accepted Assumptions (COGS, EBITDA, Working
Capital and Capital Expenditures)
d.Measurement of Sensitivity
4. Analyzing, Concluding and Testing the Model
INVESTMENT BANKING COURSE SYLLABUS - Week 2
DAY 3 – SESSION 5&6
LEVERAGED BUY-OUT (LBO) MODELING
1. Understanding Leveraged Buyouts (LBO)
2. Discussion of Returns Analysis
a. Internal Rate of Return (IRR)
2. Cash Return
3. How Leverage is Used to Generate Returns
4. Primary Sources of LBO Financing
5. Construction of an LBO Model
a. Historical and Projected Income Statement through EBIT
b. Input Opening Balance Sheet and Project Balance Sheet
c. Debt and Interest Schedules
DAY 4 – SESSION 7&8
LEVERAGED BUY-OUT (LBO) MODELING (Cont.)
d. Complete Pro Forma Income Statement Balance Sheet and
Cash flow Statements
e. How to Calculate Goodwill
f. Modeling LBO Financial Structure
g. Perform Returns Analysis
h. How to Determine Valuation
i. Analyzing and Testing the LBO Model
6. Strategies for Exit and Monetization
7. Determining Initial Public Offering (IPO)Valuation

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INVESTMENT BANKING COURSE SYLLABUS - Week 3
DAY 5 – SESSION 9&10
MERGER AND ACQUISITION (M&A) MODELING
1. Introduction to Mergers and Acquisitions
a. M&A Market Overview
b. Various M&A Approaches
c. The Sale Process in Detail
2. Construction of an M&A Model
a. Preparation of Key Acquisition Data
b. Valuation of Target Company
c. Building Funding Structure
d. Modeling Acquisition Adjustments
e. Calculating Accretion / Dilution Effects
f. Significance of Relative P/Es
DAY 6 – SESSION 11&12
MERGERS AND ACQUISITIONS (M&A) MODELING (Cont.)
g. Determining Contribution Analysis
h. Calculating Leverage Ratios
i. Pro Forma Balance Sheet
j. Measurement of Sensitivity
k. Post-Merger Adjustment and Liabilities
l. Accounting Implications and Issues
3. Analyzing, Concluding and Testing the M&A Model
COURSE CONCLUSIUON
1. Reflections on IFI Training Course
2. Q&A with IFI Instructor
3. Discussion of what IB Firms Look for in Potential Candidates
4. Mock Interview Session with Seasoned Investment Banker
5. Incorporation of New Skills into CV/Resume
6. Distribution of Course Take-Home Materials
7. Completion of Course Evaluation Form