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INVESTMENT BANKING & EQUITY RESEARCH

EXECUTIVE DEVELOPMENT PROGRAM

STEPPING STONE TO A LUCRATIVE CAREER IN FINANCE!

INVESTMENT BANKING & EQUITY RESEARCH

EXECUTIVE DEVELOPMENT PROGRAM

Learn From Instructors With 60+ Years Of Combined Experience In Global Investment Research

Learn Various Analytical Frameworks & Concepts Through Illustrative Examples

Understand IB Deals For Different Strategic Priorities

Learn Key Skills For Investment Research & Financial Modelling

Get Placement Assistance For Leading Research Firms

MyAbhyaas Academy’s School of Corporate Finance presents its flagship Executive Development Program in Investment Banking & Equity Research. This is an intensive program to prepare candidates for lucrative jobs in the Investment Research domains. Developed and delivered by professionals with 60+ years of combined experience in the global investment banking & research, this course provides practical know-how and gets the candidates become “job ready”. We have established relationships with leading investment banks and global investment research companies to help candidates with their placements. Moreover, we provide training on interview preparations as an integral module of this course.

This EDP by MyAbhyaas Academy is designed to boost participants career in investment banking (IB) domains and provide a deep understanding of the scope of investment research, deal lifecycle and product components. The IB components include learning step-by-step approach on different offerings in the investment banking research space; Screeners, Comps analysis, Tear-sheets, Pitch books, Market assessment, Target profiling, building an effective Valuation model, Formulating a convincing investment story and tracking various operating metrics. The equity research components include equity valuation, scenarios & sensitivity analysis and storyboarding different research notes.

The program will use a unique blend of modules on concepts and real world know-how to act as a practitioner’s guide to anyone who is going to be involved in investment banking. Our course is designed to encourage students to develop critical thinking abilities that will help them understand the strategic underpinning of different IB deals.

This course is for students who are looking forward to making a career in the Investment Banks. Students will learn all about roles and responsibilities of investment banks, deals identification and structuring, research and documentation underpinning IB deals – to earn a certification that will differentiate their resume and will prepare them to face any interview from investment banks in a confident manner. This course is also designed for working professionals who want to upgrade their skills and move up.

Time spent on the course would be:

  • 100 Hours of extensive classroom / virtual training and discussions
  • 80 Hours of assignments

 KEY LEARNING FROM THIS PROGRAM

  1. Step-by-step IB process and guidelines on best practices
  2. Various analytical frameworks and theoretical concepts as applied in IB deals
  3. Key work streams in IB and understanding IB deals for different strategic priorities
  4. Structuring key documents – pitch books, comps, valuation models etc.
  5. Step-by-step learning on equity research, financial modeling and research note
  6. Identifying key business drivers for an effective fundamental company analysis and financial projections
  7. Valuing a company using DCF method
  8. Valuing a company using multiples and comparable firms
  9. Avoiding common mistakes in valuation
  10. Improved skills about planning, researching and communicating ideas

WHO SHOULD REGISTER FOR THIS COURSE?

The course is suitable for anyone looking to start his/her career in the investment banking and equity research domain. MBA Finance / CAs / CFAs who are looking forward to switch their career from other work domains to IB & Investment Research domains will find the course really effective.

GET IN TOUCH TO KNOW MORE

Call Us: +91-90040-89006

KEY BENEFITS OF EXECUTIVE DEVELOPMENT PROGRAM ON INVESTMENT BANKING & EQUITY RESEARCH

LEADING INSTRUCTORS

Learn from Instructors with 60+ years of combined experience in the global investment banking and investment research; have trained 1,200+ participants!

50+ TOPICS

Specially designed to provide the requisite conceptual knowledge, tools, and skills to become an effective investment banking and equity research professional; focus on developing critical thinking abilities!

REAL WORLD TRAINING

Learn various analytical frameworks and concepts through illustrative examples and work on some of them under the guidance of instructors; understand IB deals and investments decisions from different strategic priorities!

PLACEMENT ASSISTANCE

Detailed guidance on interview preparation and placement assistance for positions in leading Investment Banks, KPOs and other investment research companies!

1-MONTH ACCESS

Access to the instructors for 1 month even after completing the course for guidance/support!

CERTIFICATION

Certificate on completion with grades based on the performance in assignments and projects!

COURSE CURRICULUM

MODULE 1: INTRODUCTION

SESSION 01: INTRODUCTION TO INVESTMENT BANKING
  • What is an investment bank – understanding the basic concept and regulatory regime
  • Overview of various capital/financial markets and role of investment banks
  • Investment banking research – key tools and best practices
SESSION 02: INTRODUCTION TO DEAL LIFECYCLE
  • Mergers & Acquisitions
  • Equity Capital Markets
  • Debt Capital Markets
  • Special Situations – Leverage Buy-Outs
  • Special Situations – Divestments
SESSION 03. INTRODUCTION TO EQUITY RESEARCH
  • What is equity research – roles and responsibilities of equity research analyst
  • A peak in the life of an equity research analyst
  • Equity market – basic structure and functioning
  • Equity research – lifecycle – initiating and maintaining coverage on a stock

MODULE 2: FINANCIAL ANALYSIS

SESSION 04: HISTORICAL FINANCIAL ANALYSIS
  • Income statement – understanding historical revenue and cost performance
  • Balance sheet – understanding key levers; liquidity and capital structure analysis
  • Cash flows – understanding cash flow and working capital cycle
SESSION 05: KEY ACCOUNTING CONCEPTS
  • Operating & financial lease
  • Deferred tax assets & liabilities
  • Retirement benefits
  • Amalgamations goodwill recognition and impairment
  • Consolidated financial statements – group companies
SESSION 06: KEY FINANCIAL RATIOS & CHARTS
  • Key operational ratios
  • Key financial ratios
  • DuPont analysis
  • Enterprise Value and adjustment thereof
  • Key financial charts and how to make them

MODULE 3: BUSINESS ENVIRONMENT ANALYSIS

SESSION 07. BASICS OF COMPANY ANALYSIS
  • Key documents to study – where to look for information and extract relevant information
  • Understanding financial statements – the key line items and the profitability metrics
  • Value creation – framework for analysis
  • Analysis framework – understanding the value drivers – the revenue & cost drivers
SESSION 08. INDUSTRY AND ENVIRONMENT ANALYSIS
  • Analysis framework – understanding the value drivers – the balance sheet drivers
  • Macroeconomic context – identifying the macroeconomic factors influencing a sector
  • Industry analysis – identifying the key performance indicators for a sector
  • Competitive dynamics – understanding competition and the key competitive factors

MODULE 4: FINANCIAL MODELLING

SESSION 09: EXCEL FOR MODELLING
  • Excel’s Built-In Functions and Analysis Tools
  • Modelling Using Excel
  • Understanding components of financial models and creating structure/layout
  • Creating scenarios / sensitivity analysis tables
SESSION 10: FINANCIAL PROJECTIONS – INCOME STATEMENT
  • Understanding linkages of business drivers and financial performance
  • Financial projection process – explicit forecast period
  • Income statement drivers – revenue projections
  • Income statement drivers – cost projections, forecasting financial charges
SESSION 11: FINANCIAL PROJECTIONS – BALANCE SHEET
  • Balance sheet drivers – working capital cycle
  • Balance sheet drivers – capital investments, depreciation and fixed asset schedule
  • Balance sheet drivers – liquidity and debt schedule
SESSION 12: FINANCIAL PROJECTIONS – CASH FLOWS
  • Cash flow – creating cash flows statements for forecast period
  • Linking financial statements and matching the balance sheet
  • Special situations – asset disposals, equity raising etc.
SESSION 13: EQUITY VALUATION METHODOLOGIES – DCF
  • DCF – Free cash flow calculation to the firm and the equity holders
  • DCF – WACC and Cost of Equity calculation
  • DCF – Understanding the terminal value; Estimating the terminal growth rate
  • DCF – Arriving at the intrinsic value of the company and value per share
  • Sensitivity and scenario analysis on key business and valuation drivers
  • Waterfall analysis on the intrinsic value of the stock
  • Finalizing DCF model – Key checklists to identify the errors and rectify them
SESSION 14: EQUITY VALUATION METHODOLOGIES – RELATIVE VALUATION
  • Relative valuation – identifying comparable companies
  • Relative valuation – identifying the suitable valuation multiple to be used
  • Relative valuation – Applying the right multiple and calculating value per share
  • Relative valuation – Price Multiples
  • Relative valuation – Enterprise Value Multiples

MODULE 5: SPECIALIZATION – EQUITY RESEARCH NOTES

SESSION 15: INITIATION RESEARCH NOTES
  • Structuring investment recommendation note – typical structure of equity research note
  • Storyboarding – a logical flow of investment arguments on the stock
  • Writing valuation section – structure and flow
  • Writing Investment Analysis Section
  • Writing Industry / Business Performance Outlook Section
SESSION 16: EARNINGS/SPECIAL EVENTS UPDATES
  • Updating Financial Model For Earnings / Special Events Update
  • Structuring Earnings Note – typical structure and flow
  • Writing Special Situation – M&A / Divestments
  • Structuring investment analysis for a thematic note

MODULE 6: SPECIALIZATION – IB MODELS

SESSION 17: IB VALUATION – TRADING COMPARABLE
  • Defining the comparable companies and key valuation multiples
  • Understanding sources of information and data gathering process
  • Financial calculation and adjustments – EV, LTM, Fully Diluted Shares, Multiples etc.
  • Quality checks and back-up data filing
  • Writing Trading Comparable analysis
SESSION 18: IB VALUATION – PRECEDENT TRANSACTIONS ANALYSIS
  • Gathering information on previous transactions – defining comparable deals
  • Understanding deal rationale and strategic consideration
  • Financial calculation and adjustments – EV, LTM, Fully Diluted Shares, Multiples etc.
  • Quality checks and back-up data filing
  • Writing Precedent Transactions analysis
SESSION 19: M&A MODELLING
  • Completing a merger model
  • Getting to DCF valuation for the combined business
  • Combined WACC
  • Valuing operating synergies
  • Valuing financing synergies
  • Accretion/dilution analysis

MODULE 7: SPECIALIZATION – INVESTMENT BANKING

SESSION 20: MERGERS & ACQUISITIONS
  • Overview of M&A market
  • Buyers – rationale: buy vs. build analysis to understand how M&A creates value
  • Sellers – rationale, how M&A helps target companies
  • M&A – understanding sequence of events and M&A financing techniques
  • M&A – financial accounting and analysis
  • M&A – strategies and defences
SESSION 21: EQUITY CAPITAL MARKETS
  • Overview of ECM market and IPO / FPO
  • Capital raising – understanding sequence of events and role of an IB
  • Capital raising – regulations, underwriting, marketing and book-building process
  • Capital raising – key documents and analysts’ role
SESSION 22: DEBT CAPITAL MARKETS
  • Overview of DCM market
  • Understanding capital structure, seniority of loans and relative rights
  • Debt raising – understanding sequence of events and role of an IB
  • Capital raising – key documents and analysts’ role
SESSION 23: SCREENING & STRATEGIC FIT ASSESSMENT OF POTENTIAL TARGETS
  • M&A – screening & evaluation techniques to identify targets
  • Benchmarking and shortlisting potential targets
  • Strategic Fit Assessment – operational and financial parameters
  • Strategic Fit Assessment – Technical / product /market assessment
SESSION 24: KEY IB DOCUMENTS – COMPANY PROFILES / TEAR-SHEETS / INFORMATION MEMORANDUMS
  • Understanding structure of company profile for various types of deals
  • Understanding sources of information and data gathering process
  • Writing company profile – business model, products/services and segments
  • Writing company profile – Financial analysis
  • Writing company profile – brokers’ commentary and key charts
SESSION 25: KEY IB DOCUMENTS – PITCH BOOKS
  • Storyboarding a pitch book – know the deal types
  • Preparing the “pitch” – key investment arguments and risk mitigates
  • Company analysis / Industry analysis / Financial and valuation analysis
  • M&A pitch book – typical flow
  • ECM pitch book – typical flow
  • DCM pitch book – typical flow

MODULE 8: INTERVIEW PREPARATION

SESSION 26: INTERVIEW PREPARATION
  • Resume guidance
  • How IB / ER Interview progresses
  • Key Questions & Answers
SESSION 27: FACING INTERVIEW
  • Mock Interviews
  • Verbal Communication Skills
  • Non-Verbal Communication Skills

CAPSTONE PROJECTS

Successful execution of the following assignments is mandatory for certificate eligibility.

Project 1: Financial Model

In-depth financial model and equity valuation on one selected company

Project 2: Equity Research Note

Investment story and earnings update note on the company on which financial model has been developed.

Project 3: M&A Analysis

Complete documentation for a selected M&A transaction including 1) M&A Pitch Book 2) Public Company Comparable Analysis 3) Precedent Transaction Analysis

PARTICIPANTS' FEEDBACK

Avinash Singh

“Thank you MyAbhyaas team to help me grow in my dream career of equity research analyst. While the study materials made financial concepts so easy to understand, on-demand guidance provided during the training honed my skills to deal with real world applications. Your training is well designed.”

Asst. Manager, A Leading Investment Research Firm in Mumbai, India

2016-09-15T18:58:31+00:00

Asst. Manager, A Leading Investment Research Firm in Mumbai, India

“Thank you MyAbhyaas team to help me grow in my dream career of equity research analyst. While the study materials made financial concepts so easy to understand, on-demand guidance provided during the training honed my skills to deal with real world applications. Your training is well designed.”

Ankita Burli

The Financial Modelling Masterclass by MyAbhyaas helped me immensely to gain knowledge about equity research and get hands-on experience in building financial models. What helped me most is building an actual financial model under the guidance of the instructor. This course will help me extensively in my job as Equity Analyst.

Management Trainee, A leading KPO in Mumbai

2017-02-11T20:37:49+00:00

Management Trainee, A leading KPO in Mumbai

The Financial Modelling Masterclass by MyAbhyaas helped me immensely to gain knowledge about equity research and get hands-on experience in building financial models. What helped me most is building an actual financial model under the guidance of the instructor. This course will help me extensively in my job as Equity Analyst.

Apoorva Patil

“The equity research workshop helped me immensely in my job. The easy to grasp concept videos and the Do-It-Yourself approach where we worked on a real model under the guidance of instructor really helped me a lot to understand nuances of real life analyst job.”

Analyst, A leading financial research firm in Mumbai

2016-09-15T19:00:11+00:00

Analyst, A leading financial research firm in Mumbai

“The equity research workshop helped me immensely in my job. The easy to grasp concept videos and the Do-It-Yourself approach where we worked on a real model under the guidance of instructor really helped me a lot to understand nuances of real life analyst job.”

Meshal Hassen Alghaylan

It was a great experience working with Mr. Ati during ‘’Company Analysis, Financial Modelling & Valuation” Workshop. Personally, I have gained so much knowledge on a number of areas in Financial Modelling & Valuation. The materials provided was clear, straight forward and easy to grasp.

Always looking forward to work with Mr. Ati Ranjan in the future.

Research Analyst, Asset Management, Albilad Capital, Saudi Arabia

2016-12-29T13:14:23+00:00

Research Analyst, Asset Management, Albilad Capital, Saudi Arabia

It was a great experience working with Mr. Ati during ‘’Company Analysis, Financial Modelling & Valuation” Workshop. Personally, I have gained so much knowledge on a number of areas in Financial Modelling & Valuation. The materials provided was clear, straight forward and easy to grasp. Always looking forward to work with Mr. Ati Ranjan in the future.

Rahul Dawar

"The Financial Modeling & Valuation course by MyAbhyaas helped me to get my dream job as sell side equity analyst with a leading brokerage. The Capstone Project where I worked on a real model under the guidance of a mentor really helped me a lot to understand nuances of real life analyst job.rah"

Equity Analyst, A leading Brokerage in Mumbai

2016-09-15T18:59:34+00:00

Equity Analyst, A leading Brokerage in Mumbai

"The Financial Modeling & Valuation course by MyAbhyaas helped me to get my dream job as sell side equity analyst with a leading brokerage. The Capstone Project where I worked on a real model under the guidance of a mentor really helped me a lot to understand nuances of real life analyst job.rah"
 

Anubha Rustagi

"MyAbhyaas’ Certified Equity Research course has helped my team members immensely. After this training my analysts are well versed in creating end-to-end model and write much better investment note. Now I spend my time discussing investment ideas and not on explaining basic concepts."

ManagerInvestment Research, A leading research firm in Mumbai

2016-09-15T18:57:54+00:00

ManagerInvestment Research, A leading research firm in Mumbai

"MyAbhyaas’ Certified Equity Research course has helped my team members immensely. After this training my analysts are well versed in creating end-to-end model and write much better investment note. Now I spend my time discussing investment ideas and not on explaining basic concepts."

Sushant Gaikwad

"The Equity Research Program by the MyAbhyaas is simply awesome. This course significantly improved our team’s ability to work on equity research assignments for global clients. I will recommend this course to anyone who is serious about making career in equity research."

AVP with a leading KPO in Mumbai

2016-09-15T18:56:42+00:00

AVP with a leading KPO in Mumbai

"The Equity Research Program by the MyAbhyaas is simply awesome. This course significantly improved our team’s ability to work on equity research assignments for global clients. I will recommend this course to anyone who is serious about making career in equity research."

Ankita Burli

The Financial Modelling Masterclass by MyAbhyaas helped me immensely to gain knowledge about equity research and get hands-on experience in building financial models. What helped me most is building an actual financial model under the guidance of the instructor. This course will help me extensively in my job as Equity Analyst.

Management Trainee, A leading KPO in Mumbai

2017-02-11T20:37:49+00:00

Management Trainee, A leading KPO in Mumbai

The Financial Modelling Masterclass by MyAbhyaas helped me immensely to gain knowledge about equity research and get hands-on experience in building financial models. What helped me most is building an actual financial model under the guidance of the instructor. This course will help me extensively in my job as Equity Analyst.

Contact Us

Phone: +91-9004089006
Email: info@myabhyaas.com


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