Investment Banking Training Course

Duration 10 days 22 modules · 65 contact hours
Level Intermediate Certificate on completion
Who attends Corporate Finance Analyst, Investment Banking Analyst and others
Fee from USD 2,200 KSh 190,000 for Kenyan organisations
Where 52 cities + online See dates by city
Next start 9 Nov 2026 Course code SD-BI-071

Before you join: Participants should be comfortable reading an income statement, balance sheet and cash flow statement, and should understand basic corporate finance terms such as revenue, EBITDA, debt, equity and working capital.

Dates & prices

Two start dates a month in every city, and live online on weekdays or weekends. Fees are per participant; classroom fees include tuition, materials, lunch and refreshments, and the certificate.

Suggest a date or city

Showing the next six months. Later dates, other cities and private deliveries for your team are available on request.

Course overview

Investment banking teams must turn incomplete financial information, strategic questions and market evidence into decision materials that senior executives, investors and transaction committees can use. Analysts and associates are expected to understand a company’s performance, select defensible valuation methods, build auditable models and explain the implications of a transaction structure. Errors in assumptions, accounting treatment, share-count calculations or presentation can weaken client advice and delay a deal process.

This course develops the core technical and commercial skills used in investment banking, corporate finance and transaction advisory roles. Participants analyse financial statements, normalise earnings, forecast operating performance and value companies using discounted cash flow, trading comparables and precedent transactions. They examine merger rationale, transaction process management, accretion and dilution, leveraged buyouts, debt financing, equity issuance, restructuring and client communications. The course also addresses information barriers, conflicts management, confidentiality and conduct expectations in transaction work.

Instructor-led sessions combine focused briefings with worked banking cases, group analysis, modelling simulations and review of analyst-style outputs. Participants build materials progressively from the first week, using a common company case and transaction scenario. They leave with a completed investment banking case pack containing a financial analysis, valuation range, transaction assessment, financing outline and board-level presentation materials. Delivery is available over 10 classroom days in 50+ cities or live online, with approximately 6.5 contact hours each day. Participants who complete the course receive a certificate of completion.

The course is suited to finance professionals moving into investment banking, corporate development, transaction advisory, private equity support or capital-markets roles, as well as managers who need to work effectively with banking advisers.

What you will be able to do

  • Analyse financial statements and normalise earnings for valuation purposes
  • Build a three-statement forecast model with linked operating assumptions
  • Apply discounted cash flow, trading comparables and precedent transactions valuation methods
  • Calculate enterprise value, equity value, diluted shares and implied valuation multiples
  • Assess merger rationale, deal structure and accretion or dilution effects
  • Construct a basic leveraged buyout model and debt repayment schedule
  • Prepare analyst-style valuation materials and transaction recommendation slides
  • Present a complete investment banking case pack with defensible assumptions

Benefits of attending

For you

  • Produces defensible valuation ranges using standard banking methods
  • Builds analyst-ready models with traceable assumptions and error checks
  • Explains merger consideration, ownership effects and financing trade-offs clearly
  • Contributes more effectively to due diligence, adviser reviews and board discussions
  • Creates a practical case pack for internal career discussions or interviews

For your organisation

  • Improves the quality and consistency of transaction financial analysis
  • Reduces reliance on unexplained adviser outputs during live deals
  • Strengthens internal challenge of valuation assumptions and deal structures
  • Prepares finance staff to support acquisitions, disposals and capital raising
  • Promotes disciplined handling of confidential transaction information

Course modules

22 modules over 10 days

Participants can explain how investment banks organise advisory, financing and capital-markets services.

  • Advisory, underwriting and sales roles within an investment bank
  • Mergers, acquisitions, debt and equity product revenue streams
  • Origination, execution and distribution responsibilities across banking teams
  • Fee structures, retainers, success fees and underwriting spreads
  • Buy-side and sell-side mandates compared through client objectives
  • Analyst and associate deliverables during a typical transaction

Participants can interpret linked financial statements and identify transaction-relevant performance drivers.

  • Income statement drivers: revenue, margins, depreciation and tax
  • Balance sheet structure: operating assets, debt and shareholders’ equity
  • Cash flow statement links between earnings, working capital and capital expenditure
  • EBITDA, EBIT and free cash flow distinguished precisely
  • Working capital movements assessed from receivables, inventory and payables
  • Historical trends converted into transaction-relevant financial observations

Participants can normalise reported earnings and identify accounting issues affecting valuation.

  • Normalised EBITDA adjustments for non-recurring income and expenses
  • Stock-based compensation, leases and pensions assessed in earnings analysis
  • Revenue recognition policies tested for comparability and sustainability
  • Related-party transactions identified from financial statement disclosures
  • Purchase accounting and goodwill effects separated from operating performance
  • Quality of earnings bridge prepared from reported to adjusted EBITDA

Participants can set up an auditable financial model using banking modelling conventions.

  • Workbook structure separates inputs, calculations, outputs and checks
  • Consistent sign conventions applied to financial statements and cash flows
  • Hardcodes, formulas and external links identified using formatting standards
  • Historical periods, forecast periods and stub periods aligned correctly
  • Model integrity checks reconcile balance sheet, cash flow and sources
  • Sensitivity tables test key operating and valuation assumptions

Participants can build operating forecasts that support valuation and transaction analysis.

  • Revenue forecast built from volume, price and customer assumptions
  • Cost forecasts linked to fixed, variable and inflation drivers
  • Working capital schedules derived from days sales and turnover
  • Capital expenditure and depreciation schedules linked through asset lives
  • Tax expense forecast reconciled to taxable income assumptions
  • Three-statement model completed with circularity controls and checks

Participants can move correctly between enterprise value and equity value.

  • Enterprise value reconciled to market capitalisation, debt and cash
  • Fully diluted share count calculated using treasury stock method
  • Minority interest, preferred shares and associates treated consistently
  • Net debt defined using cash, leases and debt-like items
  • Equity value per share derived from enterprise value outputs
  • Valuation dates, reference prices and currency conventions controlled

Participants can produce a discounted cash flow valuation with transparent assumptions.

  • Unlevered free cash flow derived from operating forecast outputs
  • Weighted average cost of capital calculated from capital structure inputs
  • Cost of equity estimated using the Capital Asset Pricing Model
  • Terminal value calculated using perpetuity growth and exit multiples
  • Mid-year convention applied to annual free cash flow discounting
  • DCF sensitivities presented for discount rate and terminal growth

Participants can select peer companies and derive market-based valuation ranges.

  • Peer selection based on business model, geography and growth profile
  • Public company data collected from filings, releases and market sources
  • EV/EBITDA, EV/revenue and price-to-earnings multiples calculated accurately
  • Calendarisation adjusts estimates to a common fiscal year
  • Outliers assessed through operating differences and capital structure
  • Implied enterprise values converted into equity value per share

Participants can use relevant transaction evidence to support acquisition valuation.

  • Transaction screening criteria define relevant precedent deal populations
  • Announcement-date information distinguished from closing-date financial information
  • Control premiums interpreted alongside synergies and competitive tension
  • Deal multiples calculated from disclosed enterprise value and metrics
  • Strategic and financial buyer transactions compared for valuation relevance
  • Precedent range reconciled with current market conditions and company characteristics

Participants can form a defensible valuation conclusion from multiple methods.

  • Football field charts compare valuation ranges across accepted methodologies
  • Valuation weighting reflects data quality, company maturity and transaction context
  • Sensitivity outputs translated into negotiation parameters and price boundaries
  • Premium analysis compares offer value with unaffected share price
  • Key valuation assumptions documented for internal review and challenge
  • Recommendation range framed with risks, limitations and supporting evidence

Participants can frame a target company’s strategic position and investment case.

  • Porter’s Five Forces assesses industry profitability and competitive pressure
  • Market sizing uses top-down and bottom-up estimation methods
  • Customer concentration and contract terms evaluated from disclosure evidence
  • Competitive positioning mapped against peers, substitutes and entrants
  • Management strategy tested against historical performance and investment requirements
  • Investment thesis distilled into catalysts, risks and diligence questions

Participants can assess strategic rationale and compare common M&A structures.

  • Revenue, cost and financial synergies separated within merger rationale
  • Asset purchases and share purchases compared for risk transfer
  • Cash, shares and mixed consideration assessed against client objectives
  • Earn-outs, contingent value rights and deferred consideration explained
  • Control rights and governance implications considered after acquisition
  • Cross-border transactions assessed for currency, tax and regulatory factors

Participants can map a sell-side or buy-side process from preparation to closing.

  • Teaser, confidentiality agreement and information memorandum sequence explained
  • Virtual data room protocols organise due diligence documentation
  • Bid process letters define timetable, conditions and required submissions
  • Management presentations prepared around investor concerns and strategic evidence
  • Indications of interest compared with binding offers systematically
  • Signing, closing and post-closing actions tracked through transaction milestones

Participants can assess the earnings-per-share effects of an acquisition.

  • Standalone buyer and target earnings projected through transaction completion
  • Purchase consideration allocated between cash, shares and debt
  • New shares issued using offer price and buyer share price
  • Interest expense, foregone interest and financing fees modelled
  • Synergies phased into earnings with timing and execution assumptions
  • Accretion or dilution calculated on pro forma earnings per share

Participants can evaluate an LBO case using debt capacity and return metrics.

  • Entry enterprise value linked to purchase price and net debt
  • Sources and uses schedule balances equity, debt and transaction fees
  • Senior debt, subordinated debt and equity returns distinguished
  • Debt amortisation schedule uses mandatory and optional repayments
  • Cash sweep mechanics allocate excess cash after operating requirements
  • Internal rate of return and money multiple calculated for sponsors

Participants can assess financing capacity and compare debt instrument features.

  • Debt capacity assessed through leverage, coverage and cash flow metrics
  • Term loans, revolving facilities and bonds compared by repayment profile
  • Interest expense forecast using base rates, spreads and fees
  • Financial covenants tested through leverage and interest coverage calculations
  • Security, guarantees and ranking determine creditor recovery positions
  • Credit case summarises downside risks and repayment capacity

Participants can explain how equity issuance affects valuation, ownership and execution.

  • Primary and secondary offerings distinguished by proceeds and seller objectives
  • Rights issues, placements and accelerated bookbuilds compared structurally
  • Pre-money and post-money valuation calculated from issue terms
  • Dilution assessed for existing shareholders under alternative issuance sizes
  • Bookbuilding process links investor demand to pricing decisions
  • Underwriting commitments and greenshoe options explained within offerings

Participants can outline IPO readiness, valuation and execution requirements.

  • IPO readiness reviews financial reporting, governance and equity story
  • Prospectus disclosures organised around business, risks and financial information
  • Research, investor education and bookbuilding follow regulated sequencing
  • IPO valuation triangulates DCF, comparables and investor feedback
  • Offer size balances capital needs, liquidity and shareholder objectives
  • Lock-ups and stabilisation mechanisms considered after market admission

Participants can identify restructuring options when a company faces financial distress.

  • Liquidity analysis uses weekly cash flow and near-term obligations
  • Capital structure mapped by instrument, maturity, security and ranking
  • Amend-and-extend, refinancing and debt-for-equity alternatives compared
  • Recovery analysis estimates value available to each creditor class
  • Restructuring plan tests operational actions alongside financial concessions
  • Stakeholder negotiations consider creditors, shareholders, employees and regulators

Participants can prepare concise banking materials that support senior decision-making.

  • Pitchbook storyline links client objectives, evidence and recommendation
  • Executive summaries state transaction rationale, valuation and key risks
  • Board materials distinguish facts, assumptions, analysis and judgement
  • Charts selected to clarify valuation, ownership and financial trends
  • Data sources, dates and calculation notes documented consistently
  • Senior review comments incorporated without compromising model integrity

Participants can recognise conduct obligations and control common transaction risks.

  • Confidential information classified, shared and retained under deal protocols
  • Information barriers control restricted information between banking teams
  • Conflicts checks identify competing mandates and personal interests
  • Market abuse risks assessed around inside information and disclosures
  • Fairness opinions distinguished from valuation analyses and board advice
  • Model review procedures identify errors before client distribution

Participants can build, review and present a complete investment banking case pack for a proposed transaction.

  • Historical financial analysis identifies value drivers and diligence priorities
  • Forecast model supports standalone valuation and transaction scenarios
  • DCF, trading comparables and precedent transactions establish valuation range
  • Merger structure and financing outline address client objectives
  • Accretion, dilution and key sensitivities inform transaction recommendation
  • Board presentation communicates rationale, risks, valuation and next steps

Exercises and examples are adapted to each cohort's sectors and roles.

What you take back to work

  1. Three-statement forecast model template
  2. Valuation methodology and sensitivity workbook
  3. Comparable companies analysis template
  4. Precedent transactions analysis template
  5. M&A process and due diligence checklist
  6. Investment banking case pack

Who should attend

  • Corporate Finance Analyst — needs core valuation and transaction execution skills
  • Investment Banking Analyst — requires a structured grounding in analyst work
  • Corporate Development Manager — evaluates acquisitions, divestitures and adviser recommendations
  • Transaction Advisory Consultant — supports financial analysis and deal materials
  • Private Equity Associate — assesses entry valuations, financing and exit cases
  • Finance Manager — works with bankers on funding or strategic transactions

Skills and tools covered

Financial statement analysisValuation modellingM&A executionCapital structure analysisTransaction communicationDeal ethics

Tools and standards

Discounted Cash Flow, Comparable Company Analysis, Precedent Transactions Analysis, Capital Asset Pricing Model

How the course runs

Training methodology

The course uses short technical briefings followed by banking-style case work, spreadsheet modelling, group exercises and transaction simulations. Participants work through a linked company and deal scenario, building outputs in stages rather than treating valuation methods separately. Instructors review assumptions, calculation logic, model checks and presentation choices using examples from M&A, financing and capital-markets assignments. Application planning connects the methods to participants’ current transactions, adviser interactions or internal investment decisions.

Requirements and prerequisites

Participants should be comfortable reading an income statement, balance sheet and cash flow statement, and should understand basic corporate finance terms such as revenue, EBITDA, debt, equity and working capital. Prior experience in financial analysis, audit, corporate finance or commercial banking is helpful. Participants should be able to use spreadsheet formulas, including arithmetic, percentages and cell references. Prior investment banking experience, advanced modelling capability, deal execution experience, programming knowledge and a finance qualification are not required. A laptop with spreadsheet software is recommended for classroom delivery.

A typical training day

08:30 – 10:30First session
10:30 – 10:45Refreshment break
10:45 – 12:30Second session
12:30 – 13:30Lunch and networking
13:30 – 15:00Third session
15:00 – 15:15Refreshment break
15:15 – 16:30Workshop and daily review

Live online deliveries follow the same structure in East Africa Time, with shorter screen blocks and longer breaks.

What the fee includes

  • Instruction by a practitioner facilitator
  • Full course workbook and materials
  • Exercise files, templates and case studies
  • Refreshments and lunch on classroom deliveries
  • Certificate of completion
  • Post-course application plan

Frequently asked questions

You should be able to read the three primary financial statements and use basic spreadsheet formulas. You do not need prior investment banking experience, an advanced finance qualification or previous deal exposure.

Bring a laptop with spreadsheet software if attending in person, plus a charger. Course materials and case data are provided; you may also bring non-confidential examples of current work for application planning.

It is designed for analysts, finance managers, corporate development staff, transaction advisers and private equity support professionals. It also suits professionals who work with investment banks on acquisitions, divestitures, financing or equity issuance.

General corporate finance commonly focuses on funding decisions, budgeting and financial management. This course concentrates on banking analyst outputs: valuation models, deal process materials, M&A mechanics, financing structures and transaction communication.

Participants can use the templates to review adviser valuations, prepare acquisition cases, analyse financing alternatives and improve internal board papers. The methods also help when challenging assumptions in due diligence and transaction negotiations.

Each day runs from 08:30 to 16:30 and provides about 6.5 contact hours. The first part builds financial analysis and valuation work; the later part develops deal execution, financing, presentation skills and the final case pack.

Questions about this course?

Ask about dates, fees, group bookings or running it for your team. Our training team replies by email.

Ask on WhatsApp info@skillsetdevelopment.com

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