The Complete Investment Banking Course 2025
All LevelsFinance & AccountingInvestment Banking

The Complete Investment Banking Course 2025

The #1 Course to Land a Job in Investment Banking. IPOs, Bonds, M&A, Trading, LBOs, Valuation: Everything included!

Created by 365 Careers
13.5 hours
Video Content
210
Lectures
183,764
Students
4.6
Rating
4.6
(183,764 students enrolled)

What you'll learn

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

Course Content

30 sections β€’ 210 lectures β€’ 13:31:14 total length

Welcome! Course Introduction

2 lectures β€’ 03:44

What does the course cover?03:35
Download all course materials00:09

The ascendance of investment banking services

7 lectures β€’ 24:03

The importance of history, name, tradition, and reputation01:37
The rise of investment banking services04:15
What is the difference between commercial and investment banking?01:46
Why do universal banks have a competitive advantage?03:41
Intrinsic conflicts of interest and the role of Chinese walls02:40
+3 more lectures

The four main areas of investment banking activity

4 lectures β€’ 20:38

Capital markets – raising equity and debt capital06:45
Advisory – M&A and Restructuring services07:47
Trading and Brokerage – trading with financial securities03:12
Asset management – the ability to use money to make more money02:54
Quiz #29 questions

Strategies pursued by investment banks

3 lectures β€’ 09:44

Strategies pursued by investment banks04:00
Relationship vs transaction-based banking04:43
The accidental investment banker - Book recommendation01:01

Capital markets – Equity capital markets

14 lectures β€’ 49:17

Why would a company want to go public?03:12
Who are the investors in an IPO?04:04
Coming up with a share price04:13
Technical details of IPO pricing02:42
IPO share allocation04:07
+10 more lectures

Capital Markets – Debt Capital Markets

10 lectures β€’ 34:40

The four different types of bonds03:25
Why issue a bond?04:00
The mechanics of a bond offering. Process description04:04
Junk bonds02:57
What is securitization and why can it be useful?03:48
+6 more lectures

Advisory services – Mergers and acquisitions

10 lectures β€’ 34:48

Why acquire another company?05:12
Describing the typical deal lifecycles and buyer companies03:57
The three types of M&A processes03:54
M&A private deals02:03
M&A auctions04:12
+6 more lectures

Advisory services – Restructuring

3 lectures β€’ 09:48

Restructuring services – why and when02:59
Prioritization of restructuring efforts06:08
Course Challenge #4 - Restructuring00:41
Quiz #62 questions

Trading and Brokerage

4 lectures β€’ 12:20

The Trading and Brokerage division03:18
Types of securities traded04:34
Proprietary trading vs principal investments01:12
The advent of algorithmic-driven trading03:16
Quiz #72 questions

Asset management

3 lectures β€’ 13:12

Why hire Investment banks as asset managers?02:44
A risk-return comparison of different investments03:12
Private equity funds07:16
Quiz #81 question

A step-by-step guide to Company Valuation

12 lectures β€’ 29:25

Why value a company?01:36
How much is a company worth for an investor?03:12
The two variables that drive a firm’s value01:57
The mechanism of Unlevered cash flow calculation04:33
Introducing a discount factor – Weighted average cost of capital03:58
+7 more lectures

Financial modeling fundamentals

11 lectures β€’ 41:24

What is a financial model?02:02
Why use a financial model?02:34
Imperfect financial modeling practices05:49
Best financial modeling practices04:58
Different types of financial models we can build04:42
+6 more lectures

DCF Valuation - Introduction

4 lectures β€’ 11:57

How to value a company - Introduction01:03
The stages of a complete DCF Valuation06:46
Let's go through the structure of the DCF model we will create in Excel02:57
A glimpse at the company we are valuing - Cheeseco01:11

DCF valuation - Forecasting of key P&L items

5 lectures β€’ 15:13

Modeling the top line03:56
Building flexible financial models in Excel02:16
Modeling other items: Other revenues and Cogs03:51
Modeling other items: Operating expenses and D&A02:27
Modeling Other Items: Interest expenses, Extraordinary items and Taxes02:43

DCF Valuation - Forecasting key Balance Sheet items

5 lectures β€’ 08:19

How to forecast Balance Sheet items - the clear and practical way00:42
A key concept for finance practitioners - the "Days" methodology01:34
How to calculate "Days"01:20
How to use "Days" to project the future development of BS items02:22
Forecasting Property, plant & equipment, Other assets and Other liabilities02:21

DCF Valuation - Creating clean output sheets

4 lectures β€’ 10:41

Excel best practices! Create a good-looking and clean output sheet in your model02:36
Putting what we learned into practice - Populating the P&L sheet02:29
How to create a clean output Balance Sheet in your Financial Model01:53
Completing the output BS sheet for the historical period03:43

DCF valuation - Calculating unlevered cash flows and Net cash flow

5 lectures β€’ 19:47

Learn how to calculate Unlevered free cash flows03:18
Important! Reconcile UFCF to Net cash flow01:53
A very useful lesson! Cash flow calculation06:38
Arriving to actual Net cash flow figures and performing a check with cash03:57
A fast and effective way to modify multiple cell references in Excel04:01

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

2 lectures β€’ 04:54

Introducing weighted average cost of capital (WACC) and perpetuity growth rate01:55
Learn how to find the present value of future Cash Flows in Financial Models02:59

DCF valuation - Calculating Continuing value, Enterprise value and Equity ealue

2 lectures β€’ 03:47

Calculating Continuing value and Enterprise value of the business02:21
Final steps! Calculating Equity value of the business01:26

DCF Valuation - Additional analyses accompanying the Financial Model

3 lectures β€’ 10:48

Sensitivity analysis for WACC and perpetuity growth04:40
An application of Goal seek01:41
Recap of the financial model with charts and hypothesis testing04:27

Tesla valuation - Complete DCF exercise

31 lectures β€’ 01:52:50

Organizing external inputs in a 'Drivers' sheet03:54
The input data we will work with01:27
Forecasting Tesla's expected deliveries14:08
Comparing delivery figures with the ones of industry peers02:54
Estimating an average selling price of Tesla vehicles04:50
+26 more lectures

Multiples valuation – triangulating DCF results with multiples

5 lectures β€’ 23:24

What are valuation multiples and why we use them?04:52
What types of valuation multiples are there?03:24
Trading vs transaction valuation multiples03:07
Main principles of multiples valuation06:30
Comparison of earnings multiples (P/E vs EV/EBITDA)05:31

Multiples valuation - practical example - Volkswagen

8 lectures β€’ 42:57

Introduction to the exercise04:42
High-level assessment of peer companies08:36
Assessment of P&L data - comparable companies05:18
How to adjust EBIT - theoretical framework04:40
How to adjust EV - theoretical framework03:09
+3 more lectures

A guide to Leveraged Buyouts

7 lectures β€’ 30:12

What is an LBO?04:28
How does an LBO work in practice?05:26
Who are the lenders?04:35
What is debt capacity?03:21
When is an LBO a feasible option?04:16
+2 more lectures

LBO Case study: Dell's LBO

4 lectures β€’ 13:33

Intro to the deal02:28
Dell's business from a strategic perspective04:31
Details and information about the deal05:10
The aftermath01:24

LBO Valuation - Building a leveraged buyout (LBO) model from scratch

9 lectures β€’ 36:38

Introduction to the model we will build05:04
Establishing the maximum amount of debt that can be used in the transaction04:16
Financial sponsors’ perspective02:27
Forecasting financials until EBIT05:17
The optimal debt structure02:59
+4 more lectures

Building a comprehensive LBO model

30 lectures β€’ 02:01:27

Case description01:55
Introduction to LBO Modeling exercise01:29
Key drivers in the LBO model08:29
Constructing the Profit and Loss header02:48
Analyzing historical Profit and Loss figures01:50
+25 more lectures

Interview preparation

1 lectures β€’ 00:12

Career guide and frequently asked interview questions00:12

Who Does What in Finance?

1 lectures β€’ 01:01:01

Who Does What in Finance?01:01:01

Bonus lecture

1 lectures β€’ 00:28

Bonus lecture: Next steps00:28

Description

** Updated for March 2025 **

The Complete Investment Banking Course 2025Β is the most hands-on, interactive and dynamic investment banking course you will find online.

  • 64 pages of course notes

  • 12 course challenges Β 

  • 26 PDF Files Β 

  • 22 quiz questionsΒ  Β 

  • 32 Excel files Β 

  • A complete glossary with key terms and phrasesΒ  Β 

  • Real-world examples and case studiesΒ  Β 

  • Interesting facts about the industry Β 

  • 2 valuation models built from scratch Β 

  • 13Β hours of Full-HD videoΒ  Β 

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.Β  Β 

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. Β 

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.Β  Β Β 

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

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

  • High quality of production:Β 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:Β We will cover all major topics and skills you need to land a job in investment banking

  • Extensive case studies: ToΒ help you reinforce everything you’ve learned

  • An abundance of materials:Β 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 Β 

Why should you consider a career as an Investment Banker? Β 

  1. Salary. Investment Bankers are some of the best paid professionals in our society

  2. Promotions. Investment Bankers acquire valuable technical skills, which makes them the leading candidates for senior roles in industrial companies and Private Equity firms

  3. 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!

Who this course is for:

  • Aspiring investment bankers
  • People who are ambitious and are interested in earning a seven-figure salary
  • Anyone who wants to learn about investment banking and company valuation

This course includes:

  • 13.5 hours on-demand video
  • 7 articles
  • 228 downloadable resources
  • Access on mobile and TV
  • ∞Full lifetime access
  • Certificate of completion

Instructor

365 Careers

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