Module 1
Introduction to Investment Banking
This module will apprise you of what and why Investment Banking, and the sparkling careers ahead once you are an Investment Banker.
- Introduction to IB and their Different Business Lines.
Module 2
Introduction to Financial Markets Landscape
This module will help you go through the basics of the Financial Markets Landscape in India. You will get to know the facts first and will later on deep dive into the intricacies of different financial markets, their key players, and the regulators.
- What is a Financial System?
- Financial Markets Infrastructure
- How Financial System Works?
- Functions of Financial System
- Structure of Financial System
- Financial Participants
- Financial Market
- Financial Instruments
- Financial Regulator
- Financial Services
- Participants in Financial Markets
- Issuers
- Investors
- Regulators
- Custodians
- Brokers/Dealers
- Depositories
- Clearing Agents
- Financial Market
- Features of Financial Market
- Pricing
- Economic growth
- Importance of Financial System
- Order Driven and Quote Driven Markets
- Hybrid Market
- Other Markets
- Regulatory Agencies
- SEBI
- Investment Banks
- Buy Side and Sell Side
Module 3
Cash Equities
This module will help you master the Primary Market, its ingredients, and the key players. This module is a must when you aspire for a role in the Indian Equities Market.
- What are Preference Shares?
- Dividend
- Types of Preference Shares
- Equity, Stock, and Shares
- Features of Equity Shares
- Advantages of Equity Shares
- Disadvantages of Equity Shares
- Share Capital
- Types of Share Capital
- Authorised Share Capital
- Issued Capital
- Issued Capital
- Index
- Primary Market
- Features of Primary Market
- Various Ways of Raising Capital
- IPO Process
- Qualifications for Listing IPOs
- Appointment of IPO Participants
Module 4
Fixed Income Securities
This module refers to the types of Investment Securities that have the capacity to pay a fixed amount of interest or dividends for a defined period of time of maturity date.
- Characteristics
- Advantages of Investing in Fixed Income
- Issuers of Fixed Income Securities
- Example of Fixed Income
- Difference Between Equity and Fixed Income (FI)
- Bond Market and Stock Market Size
- Types of Fixed Income Instruments
- Bonds
- Who Deals with Bonds?
- Categories of Bonds
- Types of Bonds
- Characteristics of Bonds or Bond Terms
- Reasons for Investing in Bonds
- Corporate Bonds
- Government Bonds
- Zero Coupon Bonds
- Junk Bonds
- Convertible Bonds
- Inflation Indexed Bonds
- Perpetual Bonds
- Deferred Bonds
- Foreign Currency Bonds
- Callable Bonds
- Puttable Bonds
- Bonds and Risk
- Rates Associated to a Bond
- Interest Rates
- Interest Rate and Bond Price Relation with Example
- Current Yield
- Yield and Bond Price
- Difference between Coupon and Yield
- Yield to Maturity (YTM)
- Difference between Coupon and Yield
- Accrued Interest
- Dirty Price & Clean Price
- Difference between Equity and Bonds
- Trade Economics in Fixed Income
- Securitization
Module 5
Money Market
Brokers, Money Dealers, and even Financial Institutions and Banks usually do trading in the Money market for a shorter period of time. In this module, you will learn about Commercial paper, Trade Credit, Certificates of Deposit, Bills of Exchange, T-Bills, Call Money, and Promissory Notes, etc.
- Features of the Money Market
- Major Players in the Money Market
- Structure of the Indian Money Market
- Instruments of Money Markets
- Interbank Lending
- Interest Calculation
- Advantages of Interbank Lending:
- Disadvantages of Interbank Lending:
- Trade Economics in Money Markets
- Treasury Bill (T-Bill)
- T-Bills: Primary Market
- Competitive Bids
- Bidding Process
- Non-Competitive Bids
- T-Bills: Secondary Market
- Commercial Paper
- Investment Characteristics
- Certificate of Deposits (CDs)
- Difference between Certificate of Deposit and Term Deposit
- Repurchase Agreement (REPO)
- Haircut or Margin
- REPO and Reverse REPO Deals
- Difference between REPO and Reverse REPO
- Pros and Cons of Money Markets
- Capital Markets vs. Money Markets
Module 6
Foreign Exchange Market
Foreign Exchange Market, also known as over the counter market, is generally involved with trading of currencies. In this module we will learn in depth about Elements of a FX Trade, Types of FX Trade, Market Makers and many more.
- Elements of a FX Trade
- Types of FX Rate
- Fixed Exchange Rate
- Floating Rate
- Reserve Currency Board
- Features of FX Market
- Market Participants
- Market Makers
- Methods of Executing FX
- Reason for Executing FX Trade
Module 7
Derivatives - Forwards and Future
Securities designed in order to ensure hedging risks for both parties are known as Derivatives. In this module, you will get to know about the Futures, Forwards, and the differences between them.
- Derivatives – An Introduction
- Financial Investments: A Risky Business
- Speculating and Hedging
- Features of Derivatives
- Value of a Derivatives Contract
- Role of Speculators
- Role of Hedgers
- Types of Derivatives
- OTC Derivatives
- Exchange Traded Derivatives
- Forwards Contract
- Characteristics of Forwards
- Liquidity Risk
- Credit Risk
- Futures Contract
- Advantages of Futures
- Risks Involved in Futures
- Long and Short Position
- Difference Between Futures and Forwards
- Future Contract Standardisation
- Future Contract Margin
- Settlement Mode in Futures Contract
Module 8
Derivatives - Options and Swaps
This module will further strengthen your understanding of Derivatives. You will learn Options and Swaps.
- Definition: Options Contract
- Definition: Term of Option
- Pros and Cons of Options Trading
- Types of Options
- Difference between Long Call and Short Call
- Option Types Summary
- Option Chain
- Trade Economics of Options
- Options Styles
- Other Options Styles
- Types of Options Payoffs
- Payoffs
- Status of an Option
- Options Pricing
- Options Premiums
- Factors Affecting Premiums
- Introduction to Swaps
- Swap Agreement
- Reasons for Trading in Swaps
- Types of Swaps
- Terminology
- Interest Rate Swap
- Uses of IRS
- Risks Associated with IRS
- Interest Rate Swaps: Key Terms
- Interest Rate Swap Application: Hedging
- Interest Rate Swap Application: Speculation
- Types of Interest Rate Swap
- Basis Swap Application
- Timeline of an IRS
- London Interbank Offered Rate
- LIBOR Rigging
- Equity Swap
- Equity Swap Application: Speculation
- Equity Swap Application: Hedging
- FX Swap
- Types of FX Trades: Example
- Risks in FX Swaps
- Credit Default Swap
- Participants in CDS Market
- Risks Involved in CDS Trading
- Types of Credit Default Swap
- Credit Events
- Failure to Pay
- Bankruptcy
- Restructuring
- Moratorium
- Credit Default Swap Settlements
- Recovery Rate
- Survival Rate
- Types of Credit Default Swap
Module 9
Trade Life Cycle
Every trade in a Capital Market goes through a Life Cycle known as the Trade Life Cycle. In this module, you will learn the processes of the Trade Life Cycle that start with Placing a buy request, then sell order, and the same ends with the execution and then the settlement.
- TLC Concepts
- TLC participants
- Front office
- Middle Office
- Back Office
- Segregation roles of Front, Middle and Back office
- Selection of Custodian on TLC
- Role of Custodian in TLC
- Services Provided by Front Office
- TLC and Straight Through processing Flow
- OTC TLC and Exchange TLC
- TLC order Management
- Trade Initiation, Execution and Capture
- Trade Verification and Validation
- Trade Enrichment
- Trade confirmation & Settlements
- Trade Reconciliation
- Transaction Reporting
- Transaction Reporting Methods
- Risks in TLC
- Pre-settlement and Post settlement
- Post settlement Fails management
Module 10
Asset Management and Mutual Funds
This module will help you understand the working of Mutual Funds, risk diversification as per the customer risk appetite. You will also get to learn about the Asset Management Companies (AMCs) and their constituents.
- What is asset management?
- Mutual Funds
- How to invest in mutual funds?
- Key players in a Mutual Fund
- Constitutive Documents
- Structure of a Mutual Fund
- Types of Mutual Funds
- Categories of Mutual Funds
- Regulatory Framework for Mutual Funds
- Key points for Mutual Funds Investors
- Tax benefits of investing in Mutual Funds
- Strategy for Investing In Mutual Fund
- Benefits of Investing in Mutual Funds
- Risks associated with investing in Mutual Funds
- Fees and Charges associated with Mutual Funds
- Net Asset Value (NAV)
- Expense Ratio
- Fund Manager Report
- Redemption
- Expense Ratio
- Rights & Obligations of Unit Holder
Module 11
Anti Money Laundering
Different types of activities that Financial Institutions perform in order to comply with the legal requirements are known as Anti-money Laundering. These activities are performed to prevent criminals from disguising the funds that have been accumulated illegally. You will learn three layers of Anti-Money Laundering - Placement, Layering, and Integration.
- Background of AML/KYC
- Case Studies in Money Laundering
- Three Stages of Money Laundering
- Placement and the Methods Adopted
- Layering and Methods Adopted
- Need for KYC
- Customer Acceptance Policy
- Customer Identification Procedure
- Due Diligence
- Monitoring of Accounts and Transactions
Module 12
Risk and Regulation of Global Market
This module will make you aware of the Risks and Regulations prevalent in the Financial market. These risks and regulations are crucial for operations in the financial markets.
- What is Risk
- Types of Risk - Market Risk, Credit Risk, Liquidity Risk, Operational Risk
- How to avoid Market Risk, Credit Risk and Liquidity Risk
- Major causes of Operational Risk
- How to Avoid Operational Risk
- Regulatory Environment
- Dodd-Frank Act (DFA)
- European Market Infrastructure Regulation (EMIR)
- Markets in Financial Instruments Directive (MiFID)
- Markets in Financial Instruments Directive II (MiFID)
Module 13
Excel Basics for a Quick Start
Command over excel is a mandatory skill in the banking domain. Keeping this in mind, you will be taught the basic essence of Excel and will be further trained upon the advanced part that will help you grab roles as Finance Analyst in Consulting roles, Equity Research or Investment Banking.
- Using keys instead of mouse in excel
- Sorting Data and using advanced filters to overcome the limitations of filters
- Cell Freeze, Row Freeze, Column Freeze
- Using conditional formatting in excel and making the data look more meaty
- Linkages used for Financial Modeling
- Simple excel formulas as sum, product, division, multiplications, paste special, on catenate
- vlookup/hlookup usage of data
- Match Function
- Combination of multiple functions in a problem as Vlookup +Match, Index+Match, VlookUp
- CAGR Calculation
- Transpose function
- Usage of IF function
- Table functions
- Pivot Tables
- IRR Calculation
- Cell Referencing
- Interest functions as EMI calculator
- Sum if, Count if, Sumifs
- SumProduct Functions
- Multiple usage of Vlookup Function
Module 14
Excel and PowerPoint Presentation Mastery for Finance
Investment Banker as a career demands mastery over some of the complex formulas in excel and data visualization. Many times, you will need to present your work, so PowerPoint mastery is a must.
- Combination of multiple functions in a problem as Vlookup +Match, Index+Match, VlookUp and If
- Offset Function.
- Sensitivity Analysis using different ways.
- Scenario Manager and how to use that in a model
- Iterative calculations. How to Negate it
- Using Excel for Statistical Analysis like Correlation, Regression, Variance.
- How to summarize data from different sheets and collating them into a single sheet using Indirect function
Charting
- Rules of creating a bar chart
- Making pictures as linked objects in excel
- Making apt chart from the data provided
- Creating dynamic charts and no need to change the chart every time its prepared
- Using Name Manager to make charts dynamic
- Showing multiple charts at the same time in same location using filter
- Now and Then Analysis chart
- Waterfall Charts, Thermometer Charts
- How the charts change using sensitivity analysis
- Interactivity using Form Controls
- Practical Application of Formulas and Charting through Creation of Dashboards
- Advanced excel formulas
- Conditional formatting
- Developer tabs
- Charting including charting tricks using excel formulas
Advance Macros & VBA for Finance
- Recording Macros
- Objects and control statements in VBA code
- Application of macros to Financial modeling,
- Circular reference problem,
- Scenario analysis and Simulation
Module 15
Basic Understanding of Finance
Comprehension of basic finance concepts is necessary before you get into the complex structure of financial Modelling and Valuation. This will help you master the concepts in a more concrete way.
- Balance Sheet, Statement of Income & Expenses, Cash Flow Statement, different adjustments, and how they are important in the financial statement computation.
- Get a birds-eye view of the relationship between the three financial statements and how accounting is going to flow within all three.
- Financial Statements Ratio Analysis - Liquidity Ratio, Asset Management Ratio, Debt Management Ratio, Profitability Ratio.
- Multiple Ratios - Determining the financial health of a company.
- 3 Step and 5 Step DuPont Analysis - Three Step and Five-Step.
- The margin of Safety analysis, Break Even point analysis.
- Time Value of Money - Present Discounted Value of Money.
Module 16
Financial Statement Modeling
This course will empower you to generate a model from scratch. This will involve a Three Statement Model using historical data and assumptions in order to carve out financial statements via selecting, locating, and developing projection drivers. You will end up developing a comprehensive 3 Statement model via multiple supporting schedules.
- Business Modelling/Feasibility Study
- Comparable Company Analysis
- Precedent Transaction Analysis
- Discounted Cashflow Valuation
Module 17
Mergers & Acquisitions (M&As)
Merger and Acquisitions is the area of corporate finances, management, and strategy dealing with purchasing or joining with other companies. There are two types of roles in M&A of an investment bank; they are seller representation or buyer representation. In this module you will understand the Merger and Acquisition and its different forms and also how to structure an M & A model to name a few.
- Introduction to M&As and the different forms
- Learn how to structure an M&A model in the most efficient way
- Set up all the assumptions and drivers required to build out the M&A model
Module 18
Placement Activities
Placement Activities take one whole month to complete. Herein, we prepare you for the Commonly asked Domain related Interview Questions, Mock HR, and Technical Interviews.
- Soft Skill Training
- Personality Development Program
- Interview Preparation
- Mock Interviews
Micro Degree
Exhaustive certification program in investment banking
Profile Enhancement
Resume Building
Interview Preparation
Placement Opportunities
