The Complete Investment Banking Course 2024

About Course

** Updated for September 2024 **

The Complete Investment Banking Course 2024 is the most hands-on, interactive and dynamic investment banking course you will find online.

64 pages of course notes
12 course challenges
26 PDF Files
22 quiz questions
32 Excel files
A complete glossary with key terms and phrases
Real-world examples and case studies
Interesting facts about the industry
2 valuation models built from scratch
13 hours of Full-HD video

The course starts off by introducing you to the four main areas of investment banking – Capital Markets, Advisory, Trading and Brokerage, and Asset Management.

Then we continue by digging deeper into each line of business.

You will learn the subtleties of Initial Public Offerings, Seasoned Equity Offerings, Private Placements, Bond Issuances, Loan Syndications, Securitizations, Mergers & Acquisitions, Restructurings, Trading Instruments, Asset Management Vehicles and more.

This encompasses virtually all topics likely to be discussed in an investment banking interview.

However, the best part is that you will learn different valuation techniques like the ones used by Goldman Sachs, Morgan Stanley, and J.P. Morgan. We will show you how to carry out a Discounted Cash Flow valuation, a multiples valuation, and an LBO valuation. You will learn how to estimate a company’s cost of capital and future cash flows. Don’t worry if these sound unfamiliar right now; everything is shown in the course – step-by-step – with no steps skipped.

This is a one-stop-shop, providing everything you need to land a job on Wall Street.

What makes this course different from the rest of the Finance courses out there?

High quality of production: Full-HD video and animations (This isn’t a collection of boring lectures!)
Knowledgeable instructor (3 million students on Udemy; worked in M&A)
Complete training: We will cover all major topics and skills you need to land a job in investment banking
Extensive case studies: To help you reinforce everything you’ve learned
An abundance of materials: PDF & Excel files, infographics, course notes; you name it! Everything is inside!
Excellent support: If you don’t understand a concept or you simply want to drop us a line, you’ll receive an answer within 1 business day
Dynamic: We don’t want to waste your time! The instructor keeps up a very good pace throughout the whole course
Bonus prizes: Upon completion of 50% and then 100% of the course, you will receive two bonus gifts

Why should you consider a career as an Investment Banker?

Salary. Investment Bankers are some of the best paid professionals in our society
Promotions. Investment Bankers acquire valuable technical skills, which makes them the leading candidates for senior roles in industrial companies and Private Equity firms
Growth. This isn’t a boring job. Every day you will face different challenges that will test your existing skills

Please don’t forget that the course comes with Udemy’s 30-day unconditional money-back-in-full guarantee. And why not give such a guarantee, when we are convinced that the course will provide a ton of value for you?

Just go ahead and subscribe to this course! If you don’t acquire these skills now, you will miss an opportunity to separate yourself from the others. Don’t risk your future success! Let’s start learning together now!

Start a career in Investment Banking or Private Equity
Pass investment banking interviews
Build financial models from scratch (shown step-by-step)
Build valuation models – DCF, LBO and multiples
Have solid financial and business acumen
Take your career to the next level!
Tell the story of how investment banking services first appeared
Understand the difference between investment and commercial banking
Explain the mechanics of an Initial Public Offering
Understand how pricing is determined in an IPO
Draw an IPO timetable
Understand why companies go public
Explain the mechanics of a bond offering
Understand how pricing is determined in a bond offering
Draw a bond offering timetable
Understand why companies raise public debt
Explain loan syndication and who participates in the syndicate
Understand securitization and explain why banks use securitization
Learn why companies buy other companies
Identify successful M&A transactions
Explain the deal lifecycle
Tell the difference between Financial and Corporate buyers
Describe the different payment options in an M&A deal
Understand the essence of restructuring services
Learn about the different ways to restructure a company
Become familiar with trading and brokerage and the securities traded on Financial Markets
Understand asset management services
Be able to describe asset management vehicles and expected rates of return
Calculate a company’s cost of debt, cost of equity, and WACC
Perform LBO valuation
Understand the rationale behind Leveraged Buyout deals
Be able to tell who carries out LBO deals and why they can be very profitable
After this course, you will have the skills to start a successful career in Investment Banking and Corporate Finance

Course Content

01 – Welcome! Course Introduction

001 What does the course cover.mp4

00:00
002 Download all course materials.html

00:00

02 – The ascendance of investment banking services

03 – The four main areas of investment banking activity

04 – Strategies pursued by investment banks

05 – Capital markets – Equity capital markets

001 Why would a company want to go public.mp4

00:00
002 Who are the investors in an IPO.mp4

00:00
003 Coming up with a share price.mp4

00:00
004 Technical details of IPO pricing.mp4

00:00
005 IPO share allocation.mp4

00:00
006 What does an IPO timetable look like.mp4

00:00
007 The IPO syndicate – members and responsibilities.mp4

00:00
008 Fee distribution among investment banks.mp4

00:00
009 Post-IPO stabilization Definition of longshort position.mp4

00:00
010 Post-IPO stabilization Applying the Greenshoe option.mp4

00:00
011 Greenshoe explained – Practical example.html

00:00
012 Other ways to place equity capital – SEOs and private placements.mp4

00:00
013 Facebook’s IPO – Case study.mp4

00:00
014 Course Challenge #1 – IPO.mp4

00:00

06 – Capital Markets – Debt Capital Markets

001 The four different types of bonds.mp4

00:00
002 Why issue a bond.mp4

00:00
003 The mechanics of a bond offering. Process description.mp4

00:00
004 Junk bonds.mp4

00:00
005 What is securitization and why can it be useful.mp4

00:00
006 Securitization – explained.html

00:00
007 Asset-backed securities An example of securitization.mp4

00:00
008 Loan syndication – a preferred instrument for most banks nowadays.mp4

00:00
009 Project finance.mp4

00:00
010 Course challenge #2 – Debt offerings.mp4

00:00

07 – Advisory services – Mergers and acquisitions

001 Why acquire another company.mp4

00:00
002 Describing the typical deal lifecycles and buyer companies.mp4

00:00
003 The three types of M&A processes.mp4

00:00
004 M&A private deals.mp4

00:00
005 M&A auctions.mp4

00:00
006 M&A of listed firms.mp4

00:00
007 Valuation of target companies.mp4

00:00
008 Payment options in M&A deals.mp4

00:00
009 Financial vs. Corporate buyers.mp4

00:00
010 Course challenge #3 – M&A.mp4

00:00

08 – Advisory services – Restructuring

09 – Trading and Brokerage

10 – Asset management

11 – A step-by-step guide to Company Valuation

001 Why value a company.mp4

00:00
002 How much is a company worth for an investor.mp4

00:00
003 The two variables that drive a firm’s value.mp4

00:00
004 The mechanism of Unlevered cash flow calculation.mp4

00:00
005 Introducing a discount factor – Weighted average cost of capital.mp4

00:00
006 Calculating a firm’s cost of debt.mp4

00:00
007 Calculating a firm’s cost of equity.mp4

00:00
008 How to find the beta for an unlisted firm.html

00:00
009 Estimating a company’s future cash flows.mp4

00:00
010 The two stages of a DCF model.mp4

00:00
011 Discounting cash flows and terminal value.mp4

00:00
012 Calculating enterprise and equity value.mp4

00:00

12 – Financial modeling fundamentals

001 What is a financial model.mp4

00:00
002 Why use a financial model.mp4

00:00
003 Inefficient financial modeling practices.mp4

00:00
004 Efficient financial modeling practices.mp4

00:00
005 Different types of financial models we can build.mp4

00:00
006 The right level of detail we should use when building a 5 or 10-year model.mp4

00:00
007 The right way to approach the forecasting exercise.mp4

00:00
008 Building complete financial models.mp4

00:00
009 Forecasting P&L items.mp4

00:00
010 Forecasting Balance sheet items (12).mp4

00:00
011 Forecasting Balance sheet items (22).mp4

00:00

13 – DCF Valuation – Introduction

14 – DCF valuation – Forecasting of key P&L items

15 – DCF Valuation – Forecasting key Balance Sheet items

16 – DCF Valuation – Creating clean output sheets

17 – DCF valuation – Calculating unlevered cash flows and Net cash flow

18 – DCF valuation – Calculating present value of cash flows in the forecast period

19 – DCF valuation – Calculating Continuing value, Enterprise value and Equity ealue

20 – DCF Valuation – Additional analyses accompanying the Financial Model

21 – Tesla valuation – Complete DCF exercise

001 Organizing external inputs in a ‘Drivers’ sheet.mp4

00:00
002 The input data we will work with.mp4

00:00
003 Forecasting Tesla’s expected deliveries.mp4

00:00
004 Comparing delivery figures with the ones of industry peers.mp4

00:00
005 Estimating an average selling price of Tesla vehicles.mp4

00:00
006 Calculating automotive revenue.mp4

00:00
007 Peer comparison Gross profit %.mp4

00:00
008 Calculating automotive gross profit.mp4

00:00
009 Calculating automotive cost of sales.mp4

00:00
010 Forecasting ‘energy’ and ‘services’ revenue.mp4

00:00
011 Calculating ‘energy’ and ‘services’ gross profit and cost of sales.mp4

00:00
012 Forecasting operating expenses.mp4

00:00
013 Building a fixed asset roll forward estimating Capex.mp4

00:00
014 Building a fixed asset roll forward D&A schedule.mp4

00:00
015 Peer comparison D&A as a percentage of revenues.mp4

00:00
016 Calculating DSO, DIO, DPO.mp4

00:00
017 Producing a clean P&L output sheet.mp4

00:00
018 Fill in the P&L output sheet.mp4

00:00
019 Calculating investments in working capital.mp4

00:00
020 Forecasting Unlevered free cash flow.mp4

00:00
021 Forecasting other assets.mp4

00:00
022 Forecasting other liabilities.mp4

00:00
023 Completing Unlevered free cash flow.mp4

00:00
024 Modeling Tesla’s financing needs in the forecast period.mp4

00:00
025 Calculating Net income.mp4

00:00
026 Bridging Unlevered Free cash flow to Net cash flow.mp4

00:00
027 Balancing the Balance sheet.mp4

00:00
028 Estimating Weighted average cost of capital (WACC).mp4

00:00
029 Performing Discounted cash flow valuation (DCF).mp4

00:00
030 Calculating enterprise value, equity value, and price per share.mp4

00:00
031 Closing remarks.mp4

00:00

22 – Multiples valuation – triangulating DCF results with multiples

23 – Multiples valuation – practical example – Volkswagen

24 – A guide to Leveraged Buyouts

25 – LBO Case study Dell’s LBO

26 – LBO Valuation – Building a leveraged buyout (LBO) model from scratch

001 Introduction to the model we will build.mp4

00:00
002 Establishing the maximum amount of debt that can be used in the transaction.mp4

00:00
003 Financial sponsors’ perspective.mp4

00:00
004 Forecasting financials until EBIT.mp4

00:00
005 The optimal debt structure.mp4

00:00
006 Estimating cash flows and debt payments.mp4

00:00
007 Completing the model for the period 2018-2021.mp4

00:00
008 Calculating Enterprise value and IRR.mp4

00:00
009 Performing sensitivity analysis.mp4

00:00

27 – Building a comprehensive LBO model

001 Case description.html

00:00
002 Introduction to LBO Modeling exercise.mp4

00:00
003 Key drivers in the LBO model.mp4

00:00
004 Constructing the Profit and Loss header.mp4

00:00
005 Analyzing historical Profit and Loss figures.mp4

00:00
006 Valuing the Target company.mp4

00:00
007 Estimating transaction fees.mp4

00:00
008 Sources and uses of funds.mp4

00:00
009 Shaping the Balance sheet at transaction.mp4

00:00
010 Goodwill calculation.mp4

00:00
011 Integrating assumptions into the Drivers sheet.mp4

00:00
012 Building a Fixed asset roll forward schedule.mp4

00:00
013 Forecasting financials using the Drivers sheet.mp4

00:00
014 Completing the Profit and Loss statement (up to EBITDA).mp4

00:00
015 Modeling Working capital.mp4

00:00
016 Filling in the Balance sheet at transaction sheet.mp4

00:00
017 Add financials to the Balance sheet.mp4

00:00
018 Projecting Fixed asset roll forward.mp4

00:00
019 Developing a Debt schedule.mp4

00:00
020 Creating a Fixed asset amortization schedule.mp4

00:00
021 Structuring Cash Flow.mp4

00:00
022 Designing the Financing sheet.mp4

00:00
023 Calculating Cash Flow.mp4

00:00
024 Building an Equity schedule.mp4

00:00
025 Finalizing the Financing Cash Flow.mp4

00:00
026 Modeling the Revolver facility (first part).mp4

00:00
027 Completing the Profit and Loss statement.mp4

00:00
028 Modeling the Revolver facility (second part).mp4

00:00
029 Balancing the Balance sheet.mp4

00:00
030 Exit valuation and IRR comparison.mp4

00:00

28 – Interview preparation

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About Course

What Will You Learn?

Course Content

01 – Welcome! Course Introduction

001 What does the course cover.mp4

002 Download all course materials.html

02 – The ascendance of investment banking services

001 The importance of history, name, tradition, and reputation.mp4

002 The rise of investment banking services.mp4

003 What is the difference between commercial and investment banking.mp4

004 Why do universal banks have a competitive advantage.mp4

005 Intrinsic conflicts of interest and the role of Chinese walls.mp4

006 Historical M&A waves.mp4

007 Three of the most important IPOs in history.mp4

03 – The four main areas of investment banking activity

001 Capital markets – raising equity and debt capital.mp4

002 Advisory – M&A and Restructuring services.mp4

003 Trading and Brokerage – trading with financial securities.mp4

004 Asset management – the ability to use money to make more money.mp4

04 – Strategies pursued by investment banks

001 Strategies pursued by investment banks.mp4

002 Relationship vs transaction-based banking.mp4

003 The accidental investment banker – Book recommendation.mp4

05 – Capital markets – Equity capital markets

001 Why would a company want to go public.mp4

002 Who are the investors in an IPO.mp4

003 Coming up with a share price.mp4

004 Technical details of IPO pricing.mp4

005 IPO share allocation.mp4

006 What does an IPO timetable look like.mp4

007 The IPO syndicate – members and responsibilities.mp4

008 Fee distribution among investment banks.mp4

009 Post-IPO stabilization Definition of longshort position.mp4

010 Post-IPO stabilization Applying the Greenshoe option.mp4

011 Greenshoe explained – Practical example.html

012 Other ways to place equity capital – SEOs and private placements.mp4

013 Facebook’s IPO – Case study.mp4

014 Course Challenge #1 – IPO.mp4

06 – Capital Markets – Debt Capital Markets

001 The four different types of bonds.mp4

002 Why issue a bond.mp4

003 The mechanics of a bond offering. Process description.mp4

004 Junk bonds.mp4

005 What is securitization and why can it be useful.mp4

006 Securitization – explained.html

007 Asset-backed securities An example of securitization.mp4

008 Loan syndication – a preferred instrument for most banks nowadays.mp4

009 Project finance.mp4

010 Course challenge #2 – Debt offerings.mp4

07 – Advisory services – Mergers and acquisitions

001 Why acquire another company.mp4

002 Describing the typical deal lifecycles and buyer companies.mp4

003 The three types of M&A processes.mp4

004 M&A private deals.mp4

005 M&A auctions.mp4

006 M&A of listed firms.mp4

007 Valuation of target companies.mp4

008 Payment options in M&A deals.mp4

009 Financial vs. Corporate buyers.mp4

010 Course challenge #3 – M&A.mp4

08 – Advisory services – Restructuring

001 Restructuring services – why and when.mp4

002 Prioritization of restructuring efforts.mp4

003 Course Challenge #4 – Restructuring.mp4

09 – Trading and Brokerage

001 The Trading and Brokerage division.mp4

002 Types of securities traded.mp4

003 Proprietary trading vs principal investments.mp4

004 The advent of algorithmic-driven trading.mp4

10 – Asset management

001 Why hire Investment banks as asset managers.mp4

002 A risk-return comparison of different investments.mp4

003 Private equity funds.mp4

11 – A step-by-step guide to Company Valuation

001 Why value a company.mp4

002 How much is a company worth for an investor.mp4

003 The two variables that drive a firm’s value.mp4

004 The mechanism of Unlevered cash flow calculation.mp4

005 Introducing a discount factor – Weighted average cost of capital.mp4

006 Calculating a firm’s cost of debt.mp4