This lesson lays the groundwork for the deal comps discussion explaining how deal comps differ from public comps, the importance of understanding the STORY behind the transaction, why consideration matters (so whether a deal was all cash, all stock or a combination) and sets us up to get a preview of some of the specific deal comps analyses we’ll need to do that are different from public comps.
Investment Banking &
Private Equity Fundamentals
Whether you’re preparing to crush your first day on the desk — or just trying to land the job — this course equips you with the technical toolkit demanded by top investment banking and private equity firms.
We cover everything from Excel to accounting to valuation, M&A, and LBO modeling — with hands-on, real-world applications. It’s also a game-changer for fundamental investors and corporate finance professionals involved in deal work. Show up sharp. Stand out early. Your career starts here.
Peek Inside the Course
No Boring Powerpoint Slides
17 hours of dynamic, visually engaging videos that will walk you through everything you need to know – without your eyes glazing over.
The Basics...and Beyond
Build full-blown financial models in Excel, including a DCF, M&A and LBO model with cash flow waterfalls, multiple debt tranches, and free cash flow sweeps.
Hands-on Learning
Apply what you’ve learned along the way and practice your skills with knowledge checks and exercises, including: spreading actual comps, running analyses, and building models in Excel.
Finance x Pop Culture
Fun case study based on Waystar Royco from Succession, along with analyses of actual companies and deals using real filings, including Fox Corp and Disney’s acquisition of Twentieth Century Fox
Interview Prep
Build intuition and get reps in with a paper LBO that will help you crush a Investment Banking and Private Equity interview like an experienced practitioner.
Learn More with Your Besties
Access to additional video learning modules: “IPOs 101: The PE Exit” and “Private Equity vs. Hedge Funds” — and more.
Part 1
Accounting Essentials
We know “Accounting” might sound dry – but it is the foundation for all our “sexier” topics, like modeling, LBO analysis, and valuation.
17 hours
of Content
Module 1
Accounting Introduction
Overview of what we will be covering in Part 1.
Module 2
Overview of Key Documents
We paint a picture of the two different situations you might find yourself in: working with and analyzing a private company or working with a public company, and we arm you with the information you will need in both situations.
Module 3
Public Company Documents
Get an overview of the 10K, 10Q, Earnings call transcripts, S1, S4, 8K and more.
Module 4
Navigating the 10K
When using a company’s filings like their 10K, you should absolutely not read starting from page 1 until the end. You should go in with a plan. In this video we dive into the strategy.
Module 5
Complications with Private Companies
Private companies present a unique set of challenges… namely they don’t always keep diligent records and the information is often just that… private. If however you are hired to advise on a private company you will have access to documents via a CIM and a data rooms… so what can you expect?
Module 6
Overview of the Financial Statements
The foundation to all banking analysis requires an understanding of these big three financial statements, the Income Statement, Cash Flow Statement and Balance Sheet. This video goes through how these three statements tie together in a diagram that will continue to pop up throughout the remainder of this course and into our financial modeling course.
Module 7
Income Statement 101
Learn the rules, conventions and analyses for the income statement as we walk from Sales down to Net Income in layman terms and go through the most important calculations for analysis and modeling as we map out the growth and margins formulas.
Module 8
Income Statement Mini Quiz
This exercise reinforces all the key take aways related to the income statement. There is an Excel file that can be downloaded you as the viewer can work through on your own before coming back and reviewing the solution.
Module 9
Cash Flow Statement 101
Learn the rules, conventions and analyses for the Cash Flow Statement including how it connects to the other statement, the overall structure, and what the cash flow statement can tell us about the financial health of a business.
Module 10
Cash Flow Statement Mini Quiz
This exercise reinforces all the key take aways related to the cash flow statement. There is an Excel file that can be downloaded you as the viewer can work through on your own before coming back and reviewing the solution.
Module 11
Balance Sheet 101
Learn the rules and basics of the Balance Sheet including how it connects to the other statement, the overall structure.
Module 12
The Golden Accounting Rule: A = L + E
Assets = Liabilities + Equity is one of the most important accounting concepts there is. Think of it like Newton’s First Law for accounting. In this video we walk through how to use it to logic your way through how how transactions impact cash, and each account, a skill that is the foundation for financial modeling.
Module 13
Balance Sheet Structure
Here we dive into current vs. long term assets and liabilities
Module 14
TL;DR on the Balance Sheet
The Skinny on what you must know about the Balance Sheet
Module 15
The Matching Principle and Non Cash Expenses
The matching principal is the second essential law of accounting… let’s call it Newton’s Second Law of Accounting.
Module 16
How Depreciation Flows Through the 3 Financial Statements
Understanding how non cash expenses flow through the three financial statements is essential not only for understanding accounting, building financial models, calculating EBIT and EBITDA, it’s also one of the most common interview questions you should be prepared to get.
Module 17
Amortization Overview
Now that we understand depreciation, we tackle depreciation’s twin, amortization.
Module 18
Separating Depreciation from Amortization
On the cash flow statement depreciation and amortization are often combined. Therefore, if we want to find depreciation separate from amortization, how do we do it?
Module 19
What is Stock Based Compensation ("SBC”)?
The final non cash expense we tackle is stock based comp. What is it, why do companies use it?
Module 20
How Does SBC Impact the Financial Statements?
We go through how stock based compensation flows through the three financial statements.
Module 21
EBIT 101
EBIT, which stands for Earnings Before Interest and Taxes, is one of the most important financial metrics used in finance. In this video we walk through what EBIT is and how it’s used.
Module 22
EBITDA 101
EBITDA is probably THE most important financial metric used for everything from raising debt to valuing businesses. In this video we walk through how EBITDA is calculated and used by bankers.
Module 23
EBITDA Mini Quiz
This exercise reinforces all the key concepts covered related to EBIT and EBITDA.
Module 24
Net Working Capital (”NWC”) vs. Operating Working Capital (”OWC”)
The distinction between Net Working Capital and Operating Working Capital is one that is a bit tricky due to the language used by bankers. We set the record straight here.
Module 25
Cash Conversion Cycle (”CCC”)
The cash conversion cycle is a way to calculate metric bankers and CEOs use to measure how quickly a company converts a cash outlay for resources to a cash inflow from a sale. This video dives into how it’s calculated as well as diagrams out how to think about it in an intuitive way.
Module 26
Calculating Activity Ratios
In order to actually calculate the cash conversion cycle we use activity ratios, but where do they come from? In this video we walk through the calculation and again the intuition for these important metrics.
Module 27
Timing Conventions: LTM, TTM, NTM, FY, CY, etc.
When we talk about financial metrics on the income statement or cash flow statement – so, EBIT, EBITDA, sales etc. – the timing matters. Are we talking last twelve months (LTM)? Last fiscal year (FY)? Projected calendar year (CY)? And by the way how the heck do we calculate LTM when our 10K and 10Q don’t provide it? In this video we get into all of that.
Module 28
Balance Sheet Mini Quiz
This exercise reinforces all the key concepts from the balance sheet.
Module 29
Fair Market Value vs. Book Value
Dive into the rules that govern when we see on the balance sheet are book value or fair market value so that we can understand where we need to take the time to approximate the market value for various line items and where we can get away with using the book value.
Module 30
Debt, Cash and “Net Debt”
Learn the nuances of what “cash” means to a banker. (Spoiler it’s more than just the cash and cash equivalents” line item on the Balance Sheet) as well as what is considered “debt” and finally how to calculate and why bankers use “net debt”
Module 31
Non Controlling Interest, Preferred and Equity Investments
This might be the concepts that junior bankers struggle with the most. We break it all so you will walk away feeling confident in what these mean and how they impact a company’s value.
Module 32
Conclusion of Accounting
Here we wrap up the section and get you ready for what is coming next!
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PART II
Valuation Deep Dive
This deep dive covers: public comps, deal comps and the discounted cash flow analysis (“DCF”). Create a Football Field (an Investment Banker’s valuation summary) for WayStar to help understand whether GoJo’s $192 offer price from Season 4 of Succession is “fair”. You’ll get hands-on practice spreading both public comps for a real company, AND a precedent transition for an actual deal. You’ll then build out an actual DCF for Waystar before completing the football field.Module 1
Setting the Stage
Here we set the stage and give you background information necessary to understand our case study we’ll be using throughout the rest of this module.
Module 2
Valuation Overview
Here we preview everything we will cover in this module, walking through the football field for our valuation of WayStar giving you an overview of public comps, precedent transactions and the DCF.
Module 3
Comps Intro
Here we introduce the first two valuation methodologies: public comps and precedent transactions, our “relative” valuation analyses.
Module 4
Equity vs. Enterprise Value Intuition
In this video we recap the difference between Equity Value and Enterprise Value, two concepts we introduced in the Accounting module before diving into actually how to practically calculate these two numbers.
Module 5
Calculating Diluted Shares
In this lesson we walk through the calculation of “diluted share” walking through how to handle different types of dilutive securities including options, restricted stock and restricted stock. We also get into how the term “Option” differs in the Sales and Trading context vs. the Investment Banking or Corporate Advisory world.
Module 6
Calculating Equity Value
In this lesson we walk through how to calculate Equity, we discuss why we can’t use the “diluted shares” provided on the Income Statement to calculate equity value and why we have to go through the actual calculation ourselves and finally we wrap up explaining how to handle companies like Fox and WayStar who have two classes of shares.
Module 7
Calculating Enterprise Value
In this video we actually calculate the enterprise value, going through where to get all the numbers necessary.
Module 8
Overview of the Key Valuation Multiples
In this lesson we cover the the key valuation multiples and how to ensure your multiples are on an apples to apples basis.
Module 9
Calculating the Multiples
In this lesson we actually go through and calculate what the implied fair share price is for WayStar using its public comps.
Module 10
Public Comps Exercise
In this video we walk through what it looks like to SPREAD a public comp. We take a look at Fox’s 2023 fillings, using their 10K and 10Q. We talk about when you need which filing, the complexities with its dual class shares, and ultimately go through how to use this real comp and the multiples from the other comps in the comps universe to calculate a fair share price for WayStar. We wrap up by looking at how that actually translates to the football field.
Module 11
Deal Comps Overview
Module
Module 12
Calculating Offer Value and Transaction Value
In this module we walk through calculating offer value using the Option Spread method and Netting Option Proceeds method as well as get into the difference you need to be aware of when determining the correct option count and strike price for precedent transactions.
Module 13
Deal Comps Specific Analyses
Learn how to deal with companies that use their own stock as acquisition currency. We dive into exchange ratios (actual and theoretical) as well as touch on synergies, deal comps specific multiples including transaction value to adjusted EBITDA multiples and finally the premiums paid analysis.
Module 14
Deal Comps Exercise
In this lesson we get practical and actually spread the deal comp for the Disney acquisition of Twentieth First Century Fox. Because Disney only purchased 80% of the company we discuss complications including how to “gross up” the multiples. We then use this multiple along with other multiples to calculate what a fair implied offer price would be to purchase WayStar.
Module 15
Overview of the Discounted Cash Flow Analysis
This lesson lays the groundwork for the third and final valuation methodology we are going to cover: the DCF.
Module 16
The Weighted Average Cost of Capital ("WACC") Overview
This lesson lays the groundwork for the third and final valuation methodology we are going to cover: the DCF.
Module 17
Cost of Equity and CAPM Overview
This lesson gets into the basics of calculating the cost of equity and using the Capital Asset Pricing Model also called “CAPM”.
Module 18
Cost of Equity Deep Dive: Risk Free Rate and Betas
We now niche down into the various components of CAPM starting first with how to determine the “risk free rate” (a term that fixed income investors would take issue with) as well as how to handle coming up with the risk free rate in countries outside of the United States. We then get into a deep dive into what the beta represents, how to find it including how to deal with private companies where you need to unlever and relever betas before going through an actual example.
Module 19
Cost of Equity: Choosing the Right Beta
Between predicted betas, past betas, industry average… what do we choose!? In this video we go through how and why institutions pick the betas they do and how it compares to academia.
Module 20
Cost of Equity: Deep Dive: Market Risk Premium
The final part to CAPM is finding the market risk premium.
Module 21
Optimal Capital Structure
In this video we walk through a standard interview question which is “how does increasing debt impact the WACC”. The reality is the answer to this isn’t straight-forward as it depends on what theory of capital structure you are using: Traditional Theory, Pecking order theory, Modigliani and Miller etc.
Module 22
Calculating Unlevered Free Cash Flows
In this lesson we walk through how to go from Sales or EBITDA on the income statement to Unlevered Free Cash Flows.
Module 23
Discounting Mechanics
In this video we walk through the basics of time value of money including how to calculate the NPV of a series of cash flows in Excel covering the PV function, NPV and XNPV.
Module 24
Mid Period Convention and Discounting to a Discount Date
Learn the rationale behind mid period convention as well as mechanically how to calculate the NPV of a stream of cash flows using mid period cash flows. We also discuss how to discount to a specific valuation date and how to calculate the stub period.
Module 25
Terminal Values and Putting It All Together
Learn the two ways you can calculate the terminal values (perpetuity growth method and EBITDA multiple method) as well as put the whole thing together and calculate the value of the entire firm, the value of the equity and finally the share price.
Module 26
Discounted Cash Flow Analysis Exercise
This final module puts everything together walking through building a DCF for WayStar in Excel. We cover basic concepts including how to set up a simple model, how to calculate our historical analysis, how to use historical analysis to come up with projections, how to calculate the implied fair TEV, equity value and share price in the DCF and finally how to run a data table, and then finally how the output from the DCF ties to the football field.
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PART III
Private Equity and LBO Foundations
Gain an in-depth understanding of the various types of private equity (“PE”) strategies and learn how PE firms make money. Learn the basics of leveraged buyout (“LBO”) math, and then build your own full blown circular LBO model in Excel. We wrap up with a paper LBO, diving into the tips and tricks necessary to ace a key part of your IBD and / or PE interview.
Module 1
Deal Basics: Two Types of Buyers
In this video we discuss the two types of buyers: strategic buyers and financial buyers. We get into the motivation of each to do acquisitions, discuss financial metrics and analyses each focus on when determining whether an acquisition is “affordable” and the differences between the typical considerations and balance sheet constraints.
Module 2
The Private Equity Landscape
Here we dive into the private equity landscape covering the differences between venture capital, growth equity and traditional buyout.
Module 3
What Makes a Good LBO?
In this video we dive into the key characteristics of a “good” leveraged buyout candidate.
Module 4
Private Equity Firm Basics
In this video we dive into the nuances of how private equity firms and funds work. We define key terms including GP, LP, LPA, co-invest, capital call, dry powder, etc. We talk about the LPs, who they are and why / how they invest both in general and with PE firms.
Module 5
LBO Basics
Here we dive into the basics of how a leveraged buyout works including the three ways they create value
Module 6
Private Equity Fees: 2 and 20
Here we dive into “2 and 20” the fee structure used by private equity firms (including venture capital, growth equity and traditional buyout). We get into hurdle rates, catch ups, and the math so we can see in an example how much a PE firm would earn on a generic deal.
Module 7
LBO Analysis Overview
In this video we walk though the five simple steps you can run through to analyze any leveraged buyout model.
Module 8
Buying a Public vs. Private Company
In this video, we walk through how to calculate transaction value for both a public company and a private company. For public companies, we need to buy the equity in the public market at a premium, and then deal with existing debt and the other capital holders separately, whereas for private companies we assume a cash free debt free transaction.
Module 9
Financing Basics
In this video we walk through the different types of debt and get into financing basics including: What is the difference between senior and subordinated debt, bank loans vs. high yield bonds vs. private credit, floating vs. fixed rate debt, and more.
Module 10
Sources and Uses Table
In this video we walk though a sources and uses table both for a private company doing a cash free debt free transaction as well as a public company who is buying out publicly traded shareholders. We discuss various fees, minimum cash, and prove that the debt raised and sponsor equity are basically the same regardless of whether the company bought is public or private.
Module 11
Operating Model Overview
Here we go through a very high level overview of the operating model in the LBO.
Module 12
LBO Modeling in Excel | Steps 1 - 3
In this video we dive into Excel and start building steps 1 – 3. We go through how to project out our sources and uses table for a cash free debt free transaction, review the income statement, cash flow statement and debt schedule, discussing how to build a revolver, how to model a debt tranche with good faith amortization and a free cash flow sweeps and review how it compares to modeling a high yield bond. We then project and link interest which gets us into basics of circular models including how to trouble shoot and what to do if the model blows up. And we do all this learning some must know Excel shortcuts along the way.
Module 13
LBO Modeling in Excel | Steps 4 - 5
In this video we both go through the final steps of calculating transaction value and equity value at the sale and finish up by running a data table to sensitize the IRRs for various exit multiples.
Module 14
Paper LBO | The Prompt
We now get into the paper LBO. We discuss why banks and PE firms like using this as a way to test a bunch of valuation and accounting concepts while also seeing how you think on your feet. We then set up the sample paper LBO exercise that we walk through over the remaining videos.
Module 15
Paper LBO | Steps 1 - 2: Sources & Uses Table
Here we review the steps focusing on what is unique to the paper LBO vs. an actual LBO model in Excel. We introduce a download / framework to approach paper LBOs in general so that you can mentally always fall back on this set up in any scenario.
Module 16
Paper LBO | Step 3a: Simplifying Operating Assumptions
In this video we dive into tricks you can use to simplify your assumptions as you get ready to build the paper LBO.
Module 17
Paper LBO | Step 3b: Mental Math Tricks
In this video we get into how to simplify operating assumptions. We go through what constant growth tables are and how to apply them, when we can use them and when we can’t and some important considerations for combining margin assumptions. We also discuss some tricks you can use to do mental math in your head.
Module 18
Paper LBO | Step 3c: Finishing the Income Statement
In this video we finish going from EBITDA to Net Income, again discussing tricks we can use to simplify the math. We also discuss how to project Debt and the assumptions we make in paper LBOs to drastically simplify this projection.
Module 19
Paper LBO | Steps 4 - 5: Calculating Equity and MOIC
We finish up the operating model of the paper LBO by now working through the cash flow projections. This leads us to being able to calculate cumulative cash flows and ultimately our ending debt balance. We then review how to calculate TEV and Equity value at exit.
Module 20
Rule of 72 | MOIC -> IRR
In this video we walk through the back of the envelope tricks you can use to take a multiple of invested capital (”MOIC”) aka multiple of money (”MOM”) into an IRR.
Module 21
Conclusion and Additional Resources
In this video we wrap up and provide our resources to learn more deeply about the private equity recruiting cycle, distressed debt, PE secondaries, the lifestyle at various funds and so much more.
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PART IV
Mergers and Acquisitions
We break down the fundamentals of Mergers & Acquisitions (M&A) from the perspective of a strategic buyer.
Module 1
M&A Overview
We break down the fundamentals of Mergers & Acquisitions (M&A) from the perspective of a strategic buyer.
Module 2
Defining a Merger vs. an Acquisition
We set the stage for our M&A analysis by breaking down the evolving deal drama between GoJo and Waystar in Succession Seasons 3 and 4. Using this storyline, we clarify key terms like merger vs. acquisition, merger of equals, and what happens when the target becomes the buyer. This narrative gives us the context we’ll need to think like GoJo’s bankers as we move into modeling post-deal EPS, debt capacity, and ownership dilution.
Module 3
Accretion / Dilution and Equity Multiples
We define accretion and dilution, and discuss how companies use pro forma EPS to determine if a transaction creates shareholder value. We also explore WHY EPS is the main financial projection public companies focus on and how it ties directly to stock price via multiples like P/E and PEG. This sets the stage for building our M&A model and calculating the all-important post-deal EPS.
Module 4
Calculating Pro Forma EPS
We walk through how to calculate pro forma EPS in an M&A deal and explore the key drivers that impact it—from financing decisions (cash vs. stock), to synergies, to accounting adjustments like D&A. You’ll see how bankers weigh tradeoffs between income statement accretion, balance sheet constraints, and shareholder dilution to structure the optimal deal.
Module 5
Key Players in M&A Deals
We zoom out to explore the full cast of players involved in a merger or acquisition—from buy-side and sell-side bankers running financial models and fairness opinions, to consultants, accountants, and lawyers shaping deal structure, tax outcomes, and synergies. You’ll learn how these teams collaborate behind the scenes to inform pricing, financing, and negotiation strategy.
Module 6
The Inputs
We kick off our M&A model by walking through the key inputs needed to run a bottoms-up model. You’ll learn where to find real-world data—like share prices, share counts, projected earnings, and balance sheet items—and how to adjust for complexities like cross-border FX and break down the various types of shares (actual vs. average, basic vs. diluted). This sets the groundwork for building our M&A model pen and paper before we later build it in Excel.
Module 7
Sources & Uses: Uses
We walk through the transaction assumptions and build out the Uses side of the Sources & Uses table, calculating how much GoJo needs to fund the acquisition of Waystar.
Module 8
Sources & Uses: Sources
We break down the Sources side of the Sources & Uses table, showing how GoJo finances their acquisition of Waystar. This sets up the full funding picture and prepares us to explore how that consideration mix was determined.
Module 9
Relative PEs and Optimal Consideration
We evaluate the optimal mix of cash and stock in an M&A deal by using relative P/E multiples and the concept of the P/E of cash. You’ll learn quick, back-of-the-envelope shortcuts to assess whether a deal is accretive or dilutive—without building a full model—while also understanding the tradeoffs between accretion, balance sheet impact, and shareholder dilution.
Module 10
Pro Forma Credit Statistics
We explore the balance sheet constraints that limit how much cash an acquirer like GoJo can use in a deal. We walk through how to calculate pro forma leverage and explain why companies care deeply about maintaining investment-grade credit ratings.
Module 11
Accretion / Dilution Revisited
Now that we’ve walked through all the theory, we start walking through our Pen and Paper M&A model, starting by recapping that key “north star” formula that will be at the heart of the entire analysis.
Module 12
Paper M&A Part 1: Combined Net Income, Interest, and Synergies
We now dive into actually projecting out the pro forma combined net income. To do this we do deep dives into how to calculate net interest expense (including both new acquisition debt, refinanced debt and forgone interest income on cash) as well as synergies.
Module 13
Purchase Accounting & Write Ups
We take a detour to discuss the rules related to purchase accounting, what write ups are and why they then create depreciation and amortization which must be factored into the PF EPS equation.
Module 14
Tax Structuring and Deferred Taxes
We take a second detour to discuss Deferred Taxes: why they arise and how they impact cash flows, both generically as well as in an M&A transaction. We also get into various tax structuring options in M&A including Asset Purchases, Stock Purchases and 338 elections.
Module 15
Paper M&A Model Part 2: D&A
With our accounting and tax detours out of the way, we circle back and actually calculate the D&A for the GoJo / Waystar deal to finish the pro forma net income calculation for our paper M&A model.
Module 16
Paper M&A Model Part 3:Shares, Accretion / Dilution, and Synergies to Breakeven
With Pro Forma Net Income calculated, next we tackle projecting pro forma weighted average diluted shares. We get into things like exchange ratios (actual vs. theoretical) and ultimately use it to calculate new shares issued in the transaction. We finish up by calculating PF EPS, accretion / dilution and synergies to break even.
Module 17
M&A Modeling in Excel
This almost 2 hour video covers EVERYTHING we went through pen and paper PLUS setting up and creating a pro forma balance sheet. We go through all the various tips and tricks and run sensitivity analyses to find the optimal cash / stock mix. From an Excel standpoint we get into things like: XLOOKUP, data tables, IFERROR functions and more, and set the stage to build scenarios in the next video.
Module 18
Advanced M&A Modeling: Scenarios
In our penultimate video we get into using the model template we built to layer in scenarios so we can run other cases like WayStar buying Pierce or looking at Waystar buying GoJo. To do this we cover the various scenario functions including CHOOSE, OFFSET and more. We also discuss the analysis at various prices (AVP) and why just because a buyer can afford a certain price doesn’t mean they should pay it.
Module 19
Conclusion
We wrap up the series summarizing lessons and key take aways and leave you with additional resources so you can keep learning and apply what you learned to your day to day.
PART V
Excel Essentials Masterclass
Module 20
Excel Shortcuts and Financial Modeling Foundations
In this one-hour express class, we cover everything Excel: how to optimize your computer for financial modeling, master essential Excel shortcuts, and apply formatting standards bankers live by. We walk through how to analyze historical data, build projections, and run powerful sensitivity analyses using Data Tables like a pro.
Courses Coming Soon
Exciting updates are always in the works! Stay tuned for fresh content coming your way
THE SKINNY ON
Financial Modeling
Master the skills to build financial models for forecasting, valuation, and decision-making in various investment scenarios.
THE SKINNY ON
Fixed Income Sales, Trading, & Investing
Explore the strategies, instruments, and market dynamics involved in the buying, selling, and investing of bonds and other fixed-income securities.
WHO WE ARE
FRIENDSHIP. FINANCE. FUN.
Two lifelong friends, former investment bankers, and teachers who want to make finance education exciting. We combine deep technical expertise with creativity and high energy.
Graduates of Princeton and Brown who worked at Morgan Stanley, Lehman Brothers, and Barclays Capital
Veterans of the Financial Sponsors (IBD), Project Finance (DCM), Equity-Linked Securities (ECM), CDO Structuring (Fixed Income Sales & Trading), and Interest Rate Sales (Fixed Income Sales & Trading) groups at bulge bracket Investment Banks
10,000+ hours teaching incoming analysts and associates at the world’s most elite Investment Banks (Goldman Sachs, J.P. Morgan, Citigroup, & more), Private Equity Firms (Blackstone, Silverlake, TA Associates, & more), Hedge Funds, and Business Schools (Harvard, Wharton, and more).
We have a top ten Apple careers podcast, a social media following of 300,000+, and now: self-paced courses for you to learn with us in our signature style.
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FAQ
Who is this course for?
This course is for anyone who has landed an IBD or PE offer and wants to get desk-ready – OR is interviewing for an entry level Investment Banking or Private Equity role.
Can I use a Mac?
Yes. BUT…
You’ll be using a PC when you’re on the job. When it comes to the Excel sections of the course, the closer you can get to Windows Excel, the better off you’ll be.
You can purchase software like Parallels and Windows Excel to run Windows Excel on your Mac, which will be an upgrade from Mac Excel. This is not a requirement, though.
What makes your courses different from your competitors?
Quite a lot actually. First, Kristen here taught these concepts on site at banks all over Wall Street. She has iterated and refined her explanation of concepts over the course of 15 years. She has an OCD level of detail when it comes to making sure the visuals and examples are fun and engaging. Jen’s is a natural born story teller and teacher, a skill that is quite rare among those on Wall Street. The two of us were VERY focused on creating engaging videos that goes way beyond droning over a PowerPoint presentation. Additionally, through our podcast, we have conversations all the time with thought leaders in the industry, and through our community on social media which is made up of 300k people and counting, we are constantly hearing from YOU about what questions you are being asked in real time. In fact, the exact content of this course was tailored to all of YOU who shared the questions you were asked. To us, this course is our masterpiece, something that is the culmination of literally 25 years of learning and teaching.
I’ve never seen Succession or The Industry. Will I find the course boring?
Not at all! The stories are there as just that: stories.
Sure, you might be more excited about the material if you’ve seen the shows, but it’s absolutely NOT essential.
If you want the cliff notes version, you can listen to our podcast series (start with our episode on Succession season 1 here) that gets into the finance of these shows 🙂
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