The Complete Investment Banking Course 2024 from Udemy

Updated for March 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

+ 11 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.

Pretty much everything that can come up 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 (1.5 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.

What's inside

Learning objectives

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
Show more
Show less

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
Show more
Show less

Syllabus

Welcome! Course Introduction

What does the course cover?

Download all course materials

The ascendance of investment banking services

The importance of history, name, tradition, and reputation

The rise of investment banking services

What is the difference between commercial and investment banking?

Why do universal banks have a competitive advantage?

Intrinsic conflicts of interest and the role of Chinese walls

Quiz #1

Historical M&A waves

Three of the most important IPOs in history

The four main areas of investment banking activity

Capital markets – raising equity and debt capital

Advisory – M&A and Restructuring services

Trading and Brokerage – trading with financial securities

Asset management – the ability to use money to make more money

Quiz #2

Strategies pursued by investment banks

Relationship vs transaction-based banking

The accidental investment banker - Book recommendation

Capital markets – Equity capital markets

Why would a company want to go public?

Who are the investors in an IPO?

Coming up with a share price

Technical details of IPO pricing

IPO share allocation

What does an IPO timetable look like?

The IPO syndicate – members and responsibilities

Fee distribution among investment banks

Post-IPO stabilization: Definition of long/short position

Post-IPO stabilization: Applying the Greenshoe option

Greenshoe explained – Practical example

Other ways to place equity capital – SEOs and private placements

Facebook's IPO - Case study

Course Challenge #1 - IPO

Quiz #3

Capital Markets – Debt Capital Markets

The four different types of bonds

Why issue a bond?

The mechanics of a bond offering. Process description

Junk bonds

What is securitization and why can it be useful?

Securitization - explained

Asset-backed securities: An example of securitization

Loan syndication – a preferred instrument for most banks nowadays

Project finance

Course challenge #2 - Debt offerings

Quiz #4

Advisory services – Mergers and acquisitions

Why acquire another company?

Describing the typical deal lifecycles and buyer companies

The three types of M&A processes

M&A private deals

M&A auctions

M&A of listed firms

Valuation of target companies

Payment options in M&A deals

Financial vs. Corporate buyers

Course challenge #3 - M&A

Quiz #5

Advisory services – Restructuring

Restructuring services – why and when

Prioritization of restructuring efforts

Course Challenge #4 - Restructuring

Quiz #6

Trading and Brokerage

The Trading and Brokerage division

Types of securities traded

Proprietary trading vs principal investments

The advent of algorithmic-driven trading

Quiz #7

Asset management

Why hire Investment banks as asset managers?

A risk-return comparison of different investments

Private equity funds

Quiz #8

A step-by-step guide to Company Valuation

Why value a company?

How much is a company worth for an investor?

The two variables that drive a firm’s value

The mechanism of Unlevered cash flow calculation

Introducing a discount factor – Weighted average cost of capital

Calculating a firm's cost of debt

Calculating a firm’s cost of equity

How to find the beta for an unlisted firm?

Estimating a company’s future cash flows

The two stages of a DCF model

Discounting cash flows and terminal value

Calculating enterprise and equity value

Financial modeling fundamentals

What is a financial model?

Why use a financial model?

Imperfect financial modeling practices

Best financial modeling practices

Different types of financial models we can build

The right level of detail we should use when building a 5 or 10-year model

The right way to approach the forecasting exercise

Building complete financial models

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Provides a comprehensive guide to navigating investment banking roles and comprehending the industry

Prepared learners for investment banking interviews and financial modeling

Provides thorough explanations and interactive materials for hands-on learning

Builds learners' competence in various financial modeling techniques used by leading investment banks

Helps learners understand the historical origins, significance, and contemporary practices of investment banking services

Offers various formats such as videos, readings, quizzes, and challenges to reinforce learning

Reviews summary

Ib overview and essentials

Learners say this course is a largely positive overview of the investment banking industry for beginners. It provides clear introductions to core concepts with useful real-world examples, including an in-depth look at DCF and LBO modeling. Reviewers appreciate the animated format that makes it easier to follow and the additional downloadable resources. While some note that it's not as in-depth as they'd like, most agree it's a solid foundation for understanding investment banking.

Suitable for beginners with little to no prior knowledge of investment banking.

"I feel very knowledgeable and informative relate to various financial and investment banking concepts in particular. Thank you so much!!!!"

"I had a great experience going through this course! Learnt every detail about investment banking and expanded my knowledge."

"I really enjoyed attempting this course. I can't articulate how much the materiel helped me prepare for my investment banking interviews and how instrumental it was in me being able to secure a summer internship offer."

In-depth explanations and practical examples of discounted cash flow (DCF) and leveraged buyout (LBO) modeling.

"The course was very informative and engaging. Definitely applaud the tutor for his great effort in explaining everything so clearly and simply."

"The Tesla exercise was really complicated to figure out everything. I suggest to change to another one easier than that company"

"This along with the Financial Analyst course are good tools to get into the technical aspect of investment banking."

Engaging animated videos and graphics that help illustrate key concepts and make the material more accessible.

"I love the info-graphics, it's entertaining and educational all at once."

"The animated explanations are very engaging, that makes it easy to understand, and also one is able to grasp knowledgable content with small duration videos."

"The visual presentation really helps in understanding and also one is able to grasp knowledgable content with small duration videos."

A comprehensive overview of investment banking, including the different services offered and the roles of investment bankers.

"This course is a great investment. The content is easily understood even though these are very difficult concepts to understand!"

"I had no prior knowledge of accounting and finance. This is a beautifully designed course and I did not have much difficulty in getting along with the concepts."

"As a person with no background in the field, this course prvided me with great insights into the industry and methods of work."

While comprehensive, some users felt that the course could have gone deeper into certain topics.

"This is my second 365 Careers Udemy course. The reason I took this one is because my previous one was really good. I enjoy the professionalism and quality."

"I have completed 10 lesson till now and I'm enjoying this. Concepts are well explained and the challenges helped me strengthen my research skills."

"The course has been helpful for the most part, but the lessons are a bit elementary and could be more sophisticated."

Challenges throughout the course test understanding and reinforce concepts, but some users found them too simple or lacking answers.

"The challenges are opening new boxes of information and growing my branches of knowledge in investment banking"

"this course contains more details in depth between the slides,please do check out those to have a clear sense of understanding.and the challenges are opening new boxes of information and growing my branches of knowledge in investment banking"

"Many of the voices are very robotic - I feel as though the material would be more comprehensible if the entire videos were voiced by a single human, rather than alternating mid-way through from a human to a robot."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in The Complete Investment Banking Course 2024 with these activities:

Focus on Time Value of Money (TVM)

Show steps

Focus on calculating time value of money to build foundational concepts in investment banking.

Browse courses on Time Value of Money

Show steps

Review the fundamental concepts of time value of money.
Practice calculations to convert between present and future value.
Understand the impact of interest rates and time on investment values.

Read Investment Banking: Valuation, LBOs, M&A, and IPOs

Show steps

Supplement course materials with a comprehensive guide to valuation and mergers and acquisitions.

View Investment Banking Workbook: 500+ Problem... on Amazon

Show steps

Review the fundamental concepts of investment banking.
Understand the different types of financial instruments.
Learn how to value companies.
Gain insights into the M&A process.
Explore the world of IPOs.

Watch video tutorials on investment banking topics

Show steps

Expand your knowledge of investment banking by watching video tutorials.

Browse courses on Investment Banking

Show steps

Identify the topics you want to learn more about.
Find video tutorials on YouTube or other platforms.
Watch the tutorials.
Take notes or summarize the key points.

Four other activities

Expand to see all activities and additional details

Show all seven activities

Practice solving DCF and LBO valuation problems

Show steps

Sharpen your valuation skills by practicing DCF and LBO valuation problems.

Show steps

Review the concepts of DCF and LBO valuation.
Find practice problems online or in textbooks.
Solve the problems.
Check your answers against the solutions provided.

Join a study group or participate in online discussions

Show steps

Engage with other students to enhance your understanding of investment banking.

Browse courses on Investment Banking

Show steps

Find a study group or online discussion forum.
Introduce yourself and your interests.
Participate in discussions and ask questions.
Share your insights and knowledge.

Create a financial model for a hypothetical company

Show steps

Apply the principles of investment banking by building a financial model for a hypothetical company.

Browse courses on Financial Modeling

Show steps

Identify a hypothetical company to analyze.
Gather financial data and assumptions.
Build a financial model using Excel or a similar tool.
Analyze the results of the financial model.
Write a report summarizing your findings.

Develop an investment pitch for a hypothetical startup

Show steps

Apply your investment banking skills to develop a persuasive investment pitch.

Browse courses on Investment Banking

Show steps

Identify a hypothetical startup to analyze.
Research the startup's industry and market.
Develop a financial model to project the startup's future performance.
Create a pitch deck to present your investment thesis.

Career center

Learners who complete The Complete Investment Banking Course 2024 will develop knowledge and skills that may be useful to these careers:

Investment Banker

An Investment Banker helps companies raise money and provides financial advice on mergers and acquisitions. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed to succeed in this role, including financial modeling, valuation techniques, and M&A advisory work. This course may be particularly useful for those who wish to break into the investment banking industry or advance their careers within it.

See salaries and explore the career path for Investment Banker

Private Equity Analyst

A Private Equity Analyst is responsible for evaluating and investing in private companies. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial modeling, valuation techniques, and M&A advisory work. This course may be particularly useful for those who wish to work in private equity or venture capital.

See salaries and explore the career path for Private Equity Analyst

Financial Analyst

A Financial Analyst evaluates companies and makes investment recommendations. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed for this role, including financial modeling, valuation techniques, and industry analysis. This course may be particularly useful for those who wish to work in equity research or portfolio management.

See salaries and explore the career path for Financial Analyst

Investment Management Analyst

An Investment Management Analyst is responsible for managing investment portfolios. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed for this role, including financial modeling, valuation techniques, and portfolio management. This course may be particularly useful for those who wish to work in asset management or wealth management.

See salaries and explore the career path for Investment Management Analyst

Mergers & Acquisitions Analyst

A Mergers & Acquisitions Analyst is responsible for evaluating and executing mergers and acquisitions transactions. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed for this role, including financial modeling, valuation techniques, and M&A advisory work. This course may be particularly useful for those who wish to work in investment banking or private equity.

See salaries and explore the career path for Mergers & Acquisitions Analyst

Corporate Finance Analyst

A Corporate Finance Analyst is responsible for financial planning and analysis within a company. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial modeling, valuation techniques, and capital budgeting. This course may be particularly useful for those who wish to work in corporate finance or treasury.

See salaries and explore the career path for Corporate Finance Analyst

Equity Research Analyst

An Equity Research Analyst is responsible for evaluating companies and making investment recommendations. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial modeling, valuation techniques, and industry analysis. This course may be particularly useful for those who wish to work in equity research or portfolio management.

See salaries and explore the career path for Equity Research Analyst

Financial Consultant

A Financial Consultant provides financial advice to individuals and businesses. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial planning, investment advice, and risk management. This course may be particularly useful for those who wish to work in financial planning or wealth management.

See salaries and explore the career path for Financial Consultant

Portfolio Manager

A Portfolio Manager is responsible for managing investment portfolios. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed for this role, including financial modeling, valuation techniques, and portfolio management. This course may be particularly useful for those who wish to work in asset management or wealth management.

See salaries and explore the career path for Portfolio Manager

Valuation Analyst

A Valuation Analyst is responsible for valuing businesses and assets. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed for this role, including financial modeling, valuation techniques, and industry analysis. This course may be particularly useful for those who wish to work in investment banking, private equity, or corporate finance.

See salaries and explore the career path for Valuation Analyst

Quantitative Analyst

A Quantitative Analyst uses mathematical and statistical models to analyze financial data. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial modeling, data analysis, and programming. This course may be particularly useful for those who wish to work in quantitative finance or risk management.

See salaries and explore the career path for Quantitative Analyst

Risk Manager

A Risk Manager is responsible for identifying, assessing, and mitigating financial risks. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial modeling, risk analysis, and portfolio management. This course may be particularly useful for those who wish to work in risk management or compliance.

See salaries and explore the career path for Risk Manager

Financial Planner

A Financial Planner provides financial advice and planning to individuals and families. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial planning, investment advice, and risk management. This course may be particularly useful for those who wish to work in financial planning or wealth management.

See salaries and explore the career path for Financial Planner

Business Analyst

A Business Analyst is responsible for analyzing and improving business processes. The Complete Investment Banking Course 2024 provides a strong foundation in the skills needed for this role, such as financial modeling, process improvement, and data analysis. This course may be particularly useful for those who wish to work in business analysis or consulting.

See salaries and explore the career path for Business Analyst

Hedge Fund Manager

A Hedge Fund Manager is responsible for managing a hedge fund. The Complete Investment Banking Course 2024 provides a comprehensive overview of the skills needed for this role, including financial modeling, valuation techniques, and portfolio management. This course may be particularly useful for those who wish to work in hedge funds or other alternative investments.

See salaries and explore the career path for Hedge Fund Manager