Breaking Into Wall Street – Advanced Financial Modeling 2024

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Breaking Into Wall Street – Advanced Financial Modeling 2024

Here’s How to Master Valuation and M&A and LBO Modeling to Get Promoted in Investment Banking and Win Private Equity and Hedge Fund Offers

Absorb the nuances of financial modeling

Learn everything you won’t find in a book or other training programs

Learn how to pitch stocks and recommend deals

You’ll get stock pitch and PE deal recommendation templates/examples

Complete 8+ detailed global case studies

These work for investment banking, private equity, and hedge fund roles

Most training programs, books, and online courses in any market are geared toward beginners because… most people are beginners.

And the same is true of financial modeling courses: we get 10x as many questions about basic Excel shortcuts as we do about workflow automation or how to use VBA/Python in Excel to boost your productivity.

Other companies in this market noticed the same thing, so they’ve focused their time and attention on beginners – which has left a big training gap for advanced users.

We developed this Advanced Financial Modeling course to fill that gap and teach you three key skills:

Key Skill #1: Advanced Investment Banking Models: For example, how do you build a quarterly merger model with options for stock vs. asset vs. 338(h)(10) transactions? What about a spinoff model for a complex transaction involving subsidiaries and cross-border investments?

Key Skill #2: Private Equity Case Studies and Advanced LBO Modeling: Do you know how to build stub periods and dividend recaps into models? What about bolt-on acquisitions? Are you comfortable with a timed modeling test (3-4 hours) and an open-ended “take home” case with no instructions?

Key Skill #3: Hedge Fund Case Studies and Stock Pitches: If you’re interviewing at a top hedge fund and have a week to research a company, build a model, and present a long/short stock pitch, could you do it? What about outlining the pitch based on industry/company data and your model and defending it in an interview?

You can find guides, articles, and random videos that touch on these topics, but nothing else puts together all the pieces coherently in a single course.

Most other courses also tend to focus on just one of these careers – but what if you’re unsure of your long-term goals?

Sure, you might be interviewing for private equity roles right now… but you could see yourself joining a hedge fund, staying in banking, or even moving to corporate development.

The BIWS Advanced Financial Modeling course handles all these scenarios and lets you leap up the career ladder, even if you change your ladder or decide to “Spiderman” your way into a whole new set of ladders.

Each case study in the course is about 5 hours, so you could pick it up, prepare for one specific role in 1-2 weeks, and feel very confident about the outcome.

Or, if you want to go into more depth and finish everything over several weeks or months, that’s also an option.

Think of it as a “Choose your own adventure” story but with a lucrative job offer in a different industry behind each door on the path.

You’ll gain the skills required for investment banking, private equity, hedge fund, and credit roles via the 8+ step-by-step global case studies in this course.

They’re based on well-known companies, such as EasyJet and Netflix, but also some interesting-but-lesser-known deals and companies, so you get exposure to everything.

By the end, you’ll be able to:

• Buildfull 3-statement models starting from a blank sheet in Excel.
• Understandmore advanced accounting topics, such as equity investments, noncontrolling interests, pensions, stock-based compensation, and more.
• Useoutside industry research and company filings to build revenue and expense projections in different industries.
• Createmore advanced valuations, including “spreading the comps” for peer companies and features like stub periods and net operating losses (NOLs) in a DCF.
• Pitchmispriced companies with full outlines and process walkthroughs for hedge fund stock pitches and equity research reports.
• Buildquarterly merger models with different options for synergies, exchange ratios, and deal structures (stock vs. asset vs. 338(h)(10)).
• Analyzemore “exotic” deal types, such as tax-free spinoffs and majority-stake acquisitions, and learn how the modeling differs.
• Completeadvanced LBO modeling tests and private equity take-home case studies with ease.
• Makeinvestment recommendations in all types of buy-side case studies.
• Recommenddebt, equity, or convertible bonds to clients based on their financial and credit profiles.

If you want to gain the skills and experience to make your resume jump to the top of the “interview” stack, answer interview questions and case studies with ease, and advance to the top once you start working, this is the course for you.

Brian DeChesare
Founder, Breaking Into Wall Street

Here’s What You’ll Get When You Sign Up for This Advanced Financial Modeling Course:

Advanced Accounting and 3-Statement Modeling

WHY IT’S IMPORTANT: These lessons teach you how to build financial statement models starting from blank Excel sheets and how to forecast more advanced line items, such as convertible bonds, noncontrolling interests, and more.

You’ll learn how to create the forecasts in these lessons and how to find, simplify, and present the data in the first place – even when the company’s filings are confusing.

More importantly, you’ll also learn how to use your model to examine different scenarios for a company and recommend the best financing option (e.g., X% equity and Y% debt) based on the targeted credit stats and liquidity figures.

The Advanced Accounting lessons are a supplemental reference that will allow you to look up certain topics and get quick answers and reference models on everything from pensions to equity investments, noncontrolling interests, convertible debt, stock-based compensation, and different security types.

Advanced Valuation/DCF and Stock Pitch

WHY IT’S IMPORTANT: This training helps you master the “data-driven valuation process,” based on a detailed review of company filings and industry data – and put it all together into a client advisory recommendation or stock pitch.

In these lessons, you’ll complete an open-ended case study based on Jazz Pharmaceuticals, where you have to project each of the company’s drugs and turn your cash flow projections into a detailed valuation and DCF.

You’ll practice not just data gathering and modeling of more advanced features (stub periods, changing discount rates, normalized terminal years, etc.), but you’ll also learn the “why” behind any valuation.

Specifically, you’ll learn how to turn the output into a full hedge fund stock pitch, an equity research report, and an investment banking pitch book – and see how you can adapt a single model to cover different real-world use cases.

Advanced Merger Models, Spinoffs, and Majority Stakes

WHY IT’S IMPORTANT: These lessons walk you through more advanced merger models and transaction modeling for spinoffs and majority-stake deals – not exactly “interview prep,” but common on-the-job tasks.

The first case study here, for Builders FirstSource / BMC Stock Holdings, walks you through a quarterly merger model with options for different transaction structures and pricing terms (e.g., fixed vs. floating exchange ratios with collars). It’s concise coverage of an ordinarily complex topic.

The second case study is based on SunPower’s spinoff of Maxeon and walks you through the financial models for each one, the financial statement adjustments in a spinoff, and the Sum of the Parts (SOTP) valuation to determine if the deal is a good idea in the first place.

And the final case study is based on Fortum’s majority-stake acquisition in Uniper (European energy/power companies); you’ll learn why merger models can behave counterintuitively in these deals and why an acquirer might decide to purchase 70% vs. 100% of another company.

Advanced LBO Models and Private Equity Case Studies

WHY IT’S IMPORTANT: This training walks you through an advanced LBO model (4-hour case study) and a take-home case study (1 week) based on a company of your choosing; the full solutions and investment recommendation presentations are included.

You can easily find simple LBO models and case studies online – we even have several examples on our YouTube channel! But it’s far more difficult to find complex examples with step-by-step solutions.

That’s what these lessons offer: full walkthroughs of these more advanced case studies, with the ability to ask us questions about anything and get a same-day response. And you get not just the blank and completed models, but also the full investment recommendation presentations.

Some of the more advanced features in these case studies include stub periods, variable close dates, cash-free/debt-free assumptions, working capital adjustments, a leveraged dividend recap, net operating losses, a 6-tranche debt schedule, and bolt-on acquisitions.

Plus, you’ll also learn how to analyze a deal from the perspective of both the equity investors (the PE firm) and the lenders (the debt investors).

Advanced Credit Analysis and Convertible Bonds

WHY IT’S IMPORTANT: These lessons give you a crash course on bond math and analysis, equity vs. debt vs. convertible bonds, and how to make financing recommendations to companies and potential clients.

Credit analysis is a bit of an afterthought in most training programs because it doesn’t seem “interesting” or “exciting” in the same way as a stock pitch or advanced LBO model.

And that’s why we approach it differently by using Netflix as the subject company and combing through its statements and loan documents to build a full 3-statement model and credit analysis for the company.

You’ll learn everything from real-life debt schedules to the impact of different financing options on WACC to the credit stats and ratios in different scenarios.

And then, in the bond analysis lessons, you’ll master concepts like the Yield to Maturity (YTM) and Yield to Worst (YTW), duration and convexity, call and put options, make-whole prices, and the blended cost and valuation of convertible bonds.

By the end, you’ll be able to advise the company on its ideal capital structure and recommend for or against refinancing specific issuances.

What’s Your Investment In This Advanced Financial Modeling Course?

To put this in context, let’s look at your Return on Investment in this course…

The pay for entry-level investment banking jobs varies from year to year, but it’s safe to say that even entry-level Analysts earn at least $150,000 USD right out of university (and often closer to $200,000, depending on the firm and region).

At the MBA level, that climbs to $250,000 to $450,000 USD. And as you progress, your total compensation only gets higher and higher; top bankers earn 7 figures annually.

On the buy-side, you’ll start at $200,000+ USD in entry-level roles and more than that at large funds (e.g., over $300,000 at the private equity mega-funds); as with banking compensation, you’ll advance to the 7-figure range at the senior levels.

We could sell the 5 core components of this course for $97 each, for a total of $485, but we’re offering an even better deal and discounting the entire package to just $297 (nearly a 40% discount).

Compared with the potential upside, your investment is nominal.

By investing just $297 in this course, you’re greatly improving your chances of landing many jobs that pay upwards of $200,000 in Year 1 – that’s a 673x return on investment!

If you change your mind about your career, you can always return to this course to prepare – since it applies to buy-side roles, investment banking, and even fields like equity research and corporate development.

Even if this training only helps you to land an internship, it’s still at least $15,000 for that internship at a large bank – an ROI of 50x.

There is simply no other way to get this level of training… this level of on-demand support… this level of testing and certification… and this level of access to a community of thousands of peers…

…at ANY price!

So yes, you have to invest in yourself to gain access to this advanced financial modeling training and these real-life case studies for private equity and hedge fund roles, but that investment will be one of the smartest, highest-return investments you ever make – we guarantee it!

We’ve bent over backward to deliver the best, most comprehensive program on the market that gives you everything you need to land a great job and start a long-term career in these high-paying fields.

To date, over 56,763+ people have invested in BIWS training and gone on to secure lucrative jobs in the industry. I want you to be next, and I want to make this a “no-brainer” decision for you.

Here’s What Will Happen Within a Few Short Moments of You Joining the BIWS Advanced Financial Modeling Course:

The minute you join, you’ll have access to the complete Advanced Financial Modeling course, including 160 separate videos, detailed written guides, transcripts/subtitles, “Before” and “After” Excel files, 8+ global case studies, a detailed stock pitch, and the investment banking and private equity deal recommendations.

And the best part: We’ll be here to guide you every step of the way because your enrollment comes with a full 5 years of expert support.

On top of that, you’ll also get access to free updates over time as we upgrade these courses and add new case studies.

Decision and Action Time

Of course, there are other options for learning this material.

For example, you could buy some $10 or $20 courses on generic e-learning sites, you could ask your friends for sample case studies, or you could pore through books and textbooks that take forever to finish and are written by accounting professors who have never worked on M&A or LBO deals before.

Or you could try to “wing it” and learn everything on the job by pestering the senior bankers with a metric ton of questions.

But if you want to master financial modeling specifically as it is used in investment banking, private equity, and hedge fund roles, dominate your interviews, and advance your career rapidly, this training is your best option.

Yes, it’s more of an investment than a generalist book or an online “course” regurgitated by ChatGPT, but ask yourself about the value of your time and interview/promotion opportunities.

If you can get promoted at a bank like Goldman Sachs or Morgan Stanley, or you get an interview at KKR, Blackstone, Millennium, Elliott, or another top PE/HF firm, do you want to “wing it”? Or do you want to ensure that you’ve prepared in the most comprehensive way possible?

If you’re serious about your future career in the finance industry, you should not even have to think about this one.

And if you have any doubts, it’s all backed by our no-questions-asked, no-hassle, 90-Day Money-Back Guarantee.

In fact, the ONLY risk is that you might apply for a job or walk into an interview without this course – and lose out to another candidate who has completed it.

The next move is up to you.

You can hope that a top firm hires you without knowing if you can build models, advise clients, or make investment recommendations. Good luck with that!

Or you can confidently tell these firms you’ve completed the most advanced financial modeling training based on 8+ case studies and authored by finance professionals who have collectively worked on dozens of deals.

I know you’ll make the right choice.

To YOUR success,

Brian DeChesare
Breaking Into Wall Street Founder

 

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