FOUNDATIONS OF INVESTMENT BANKING

COURSE DESCRIPTION

Foundations of Investment Banking are a tailored program to provide you an exhaustive understanding of the Investment Banking field. The course delves into various aspects of Investment Banking such as structures of investment banks, roles and functions of investment banks, research and analysis framework, several valuation techniques, and overview of Initial Public Offering (IPO) process and activities.


CERTIFICATION AWARDED

On successful completion of the program, you would be awarded the foundational certification in“FOUNDATIONS OF INVESTMENT BANKING" by Moody’s Analytics and EduEdgePro.


COURSE COLLATERALS AND HIGHLIGHTS

  • Exhaustive reading material covering the 5 sections outlined below
  • Focused curriculum providing overview of Investment Banking
  • Course delivery by domain experts
  • Case study based learning
  • Sample Red Herring Prospectus (RHP)
 Fast Facts

 Certified by :
 Moody’s Analytics and EduEdgePro

 Broad Coverage:
  • Overview of Investment Banks
  • Functions of an investment bank
  • Front Office Functions
  • Back Office Functions
  • Investment Analysis Framework
  • Investment Banking Research
  • Valuation Techniques
  • IPO Issuance Process
  • Pricing Mechanics of Shares and Disbursement

Mode of Delivery

Price

Duration
Offline Training
(Classroom)

Rs. 30,000 plus
taxes

40 Hours


E-Learning


Rs. 7,500 plus
taxes

25 Hours


Customized In-house
Group Training
Contact us


Customized



COURSE OBJECTIVES

  • To get familiarised with the investment banking field and current trends
  • Understanding different structures of investment banks
  • Exploring different functions of investment banks
  • Understanding Front office roles and back office roles and skills required for those roles
  • Learning the analysis framework
  • Understanding various valuation techniques used in investment banks
  • Understanding the IPO process


WHO SHOULD ATTEND

This course provides an overview of the field of Investment Banking. The course is a great foundation for people who want to make a career in:

  • Investment Banking
  • Equity Research
  • Credit Modelling
  • Financial Analysis
  • Business Analysis


DETAILED CURRICULUM

Section 1 - Introduction to Investment Banking

This section provides a brief background of investment banks, current market trends in investment banking, boutique and bulge bracket investment banks, brief profile of major investment banks and their offerings.

The section also talks about various essential skills required such as financial modelling, time management, sales and negotiation etc. for a role in investment banks. The section concludes by explaining various careers and roles in an investment banking domain.

Overview of Investment Banks

  • History and origins of Investment Banks
  • Investment Banking Trends
  • Investment Banking Structure
  • Skills required in Investment Banksr
  • Careers in Investment Banking

Section 2 - Functions of an Investment Bank

This section dives deeper into various functions of an investment banks to understand the scope of work of each department. The section explores several front office and back office functions of an investment banks and the importance of each of them in a broader context.

Front Office Functions

  • Raising Capital & Security Underwriting
  • Mergers & Acquisitions
  • Sales & Trading and Equity Research
  • Retail and Commercial Banking

Back Office Functions

  • Risk Management
  • Financial Control
  • Corporate Treasury
  • Corporate Strategy
  • Compliance, Operations and Technology

Section 3 - Investment Banking Research and Analysis

The focus of this section is to provide a framework for analysis of a company for valuation purposes. You will learn how to extract data from various sources such as financial statements, investor presentations, research reports, regulatory filings, global databases etc. A comprehensive framework for profiling a company will be supplemented by a general economy, industry and company (EIC) analysis. A preliminary analysis of financial statements using several ratios such as liquidity ratios, profitability ratios etc., supplementary financial statements will be a sound foundation for advanced topics.

Data Gathering

  • Data gathering (research)
  • Sources of Information


Nalysis Framework

  • EIC Analysis Framework
  • Company Profiling
  • Basic Financial Statements Analysis
  • Risk and Return Analysis
  • Asset Pricing Models

Section 4 - Valuation Techniques

Valuation forms an integral part of core investment banking functions such as mergers and acquisitions, IPO issuance, capital raising etc. This section will expand on various valuation techniques such as Discounted Cash Flow (DCF), comparable company analysis, sum of the parts (SOTP) etc. and their importance in a contextual framework.

Methods of Valuation

  • Discounted Cash Flow Model
  • Concept of Terminal Value
  • CAPM, Beta and WACC


Relative Valuation Methods

  • Enterprise Value vs. Equity Value
  • Comparable Company Analysis
  • Sum of Parts Method

Section 5 - IPO Issuance Process

Getting listed on an exchange is aspiration of most of the companies. The prestige it brings for the company is invaluable. And a company getting listed is an opportunity for investment banks to make huge sums of money. The section provides a background of what an IPO is, what are the regulatory requirements for an IPO process, Red Herring Prospectus and its importance, book building process, share allotment process etc.

IPO Issuance Process

  • IPO issuance
  • SEBI guidelines for IPO eligibility
  • Draft Red Herring Prospectus (DRHP)


Pricing and Disbursement of Shares

  • Pricing the issue
  • Book building process, Auctions
  • Pre-issue advertisement guidelines
  • Allotment
  • Post Issue Activities