Description
Breaking Into Wall Street – BIWS Bank & Financial Institution Modeling
- Master the fundamentals and nuances of bank and financial institutionΒ accounting, valuation, and financial modeling with detailed, step-by-step video training. Youβll gain skills that areΒ NOTΒ taught in undergraduate or MBA programsβ¦ but which any FIG team at a bank or any financials-focused private equity firm or hedge fund will expect you to know.
- ξQuickly grasp the concepts and skills via 4 detailed case studies: The first case study teaches you how to build an operating model and valuation for Shawbrook, a U.K.-based βchallenger bank,β and how to use those models to make anΒ investment recommendationΒ for the company. The second case study covers KeyCorpβs $4.1 billion acquisition of First Niagara and how bank M&A deals are different, and the last two case studies are private equity/growth equity-related β for ANZ (one of the Big 4 Banks in Australia) and the Philippine Bank of Communications.
- ξDominate your interviews.Β For your convenience, we provideΒ 13 Overview videos, along with written notes and slides, on the topics most likely to come up in interviews. If youβre short on time, you can get up to speed with these in under an hour and review all the concepts in short order β even if your interview is tomorrow and you just found out about it 5 minutes ago.
- ξLearn how to write hedge fund stock pitches, equity research reports, and IB pitch books for banks. Most financial modeling training programs teach you the formulas; we teach youΒ how to use the Excel models in real life to make money and advise clients. The Shawbrook case study builds up to a 32-page stock pitch, a 13-page equity research report, and a 48-slide investment banking pitch book where you make an investment recommendation and advise the company on its best options.
- ξOverviewΒ lessons cover a bankβs financial statements, regulatory capital under Basel III, loan loss accounting, and a simplified 3-statement projection model and valuation you can use in time-pressured case studies. Youβll also learn aboutΒ regional differencesΒ by analyzing banksβ financial statements across the 6 inhabited continents. This module concludes with an overview of Dodd-Frank, CRD IV, and U.S./E.U. stress testing.
- ξOverviewΒ lessons cover a bankβs financial statements, regulatory capital under Basel III, loan loss accounting, and a simplified 3-statement projection model and valuation you can use in time-pressured case studies. Youβll also learn aboutΒ regional differencesΒ by analyzing banksβ financial statements across the 6 inhabited continents. This module concludes with an overview of Dodd-Frank, CRD IV, and U.S./E.U. stress testing.
- ξValuation ModuleΒ covers public comps and precedent transactions for a bank, a regression analysis, and a multi-stage dividend discount model and residual income (excess returns) model. Youβll learn how to adjust for non-recurring charges and excess or deficit capital, and youβll use the output of this analysis to make an investment recommendation and to advise the company as if it were a client.
- ξM&A ModuleΒ teaches you how to model the acquisition of a commercial bank, including bank-specific features such as loan marks, deposit divestitures, core deposit intangibles, and the write-down of the Allowance for Loan Losses. Youβll get both a simplified bank merger model and a full, complex one for KeyCorp and First Niagara, and youβll use both models to answer case study questionsand recommend for or against these deals.
- ξBank Buyout and Growth Equity LesssonsΒ are based on case studies of ANZ and the Philippine Bank of Communications; youβll learn how private equity firms invest in the financial services sector, how minority-stake deals differ from control deals, and how to analyze the returns to equity investors in different cases. Youβll also learn how NPL divestitures and funding raised to boost a bankβs Net Stable Funding Ratio work in a private equity context.
- ξBonus Insurance LessonsΒ provide an introduction to the insurance industry, including how accounting, the financial statements, and valuation differ. We walk through an introductory 3-statement insurance model for a new firm and explain how to value both a property & casualty (P&C) insurance company and a life insurance firm.
- ξTest Your Knowledge with Practice Exercises and Quizzes.Β Youβll get βBeforeβ and βAfterβ Excel files for each lesson β follow along with the lesson, and then check your answers afterward. You can also test your knowledge with end-of-module practice quizzes (over 150 questions and answers total).
- ξGet Instant Access.Β Since everything is delivered online, you getΒ Instant AccessΒ to everything as soon as you sign up. No delays or scheduling conflicts, and no packages in the mail to worry about.
- ξTrack Your Progress and Take Notes.Β Thanks to our custom-designed online learning platform, you can check off each module as you go and take notes on all the lessons for your future reference.
- ξExpert Support.Β We have a team of experienced bankers standing by 365 days per year, any time within 24 months of purchase, to respond to your questions, comments, and emails. Even if you have a question on Christmas Day or New Yearβs, youβre covered by our support services. Note that we cannot complete assignmentsΒ for you, but weβre happy to answer specific questions.
- ξUnconditional Money-Back Guarantee.Β Our courses are theΒ onlyΒ financial modeling training programs of their kind to come with an unconditional 90-Day Money-Back Guarantee.
- ξCourse Certification.Β After completing the course material, youβll be eligible to take our Certification Quiz. Once you pass the quiz, youβll receive a Certificate that you can add to your resume / CV and refer to in interviews. So you wonβt just possess these skills, youβll be able toΒ proveΒ you possess these skills. BankersΒ loveΒ that.
What You Getβ¦ And What theΒ BIWS Bank & Financial Institution Modeling CourseΒ Will Do ForΒ Youβ¦
This course provides advanced training for both new and experienced professionals. TheΒ Bank & Financial Institution ModelingΒ course is perfect for you if:
- ξYou already know the fundamentals of accounting, valuation, and financial modeling, and now you want to learn howΒ commercial banks,Β insurance firms, and otherΒ financial institutionsΒ work in-depth.
- ξYouβre interviewing withΒ financial institutions groups (FIG)Β β at banks, PE firms, hedge funds, or other finance firms.
- ξYouβre about to start working in aΒ financial institutions group, or youβve just transferred into one and you need to get up to speed quickly.
- ξYouβre anΒ experienced professionalΒ and youβve worked in the commercial banking or insurance industries before β and now youβre transitioning into investment banking, private equity, or related roles.Whenever youβre interviewing for these roles at investment banks, youβllΒ alwaysΒ get a few questions over and overβ¦
- ξHow much do you know about accounting? Do you know how itβsΒ differentΒ for banks and financial institutions?
- ξCan you walk me through how you wouldΒ valueΒ a bank? What about an insurance firm? How are P&C Insurance and Life Insurance different?
- ξWhat are theΒ key factorsΒ that drive a financial institutionβs valuation?
- ξCan youΒ pitch us a bank stock?Β What are the main catalysts and risk factors?
- ξHow doΒ merger modelsΒ andΒ leveraged buyout (LBO) modelsΒ differ for these companies?
- ξHow would you advise a bank on its best options in anΒ M&A scenario?
- ξHow would you describe your financial modeling skills?Confidently answering all these questions and showingΒ evidenceΒ of the case studies youβve completed will set you apart from everyone else in the interview room andΒ put you in prime position to land lucrative internships and jobs at investment banks, private equity firms, and hedge funds.Weβve designed the course from the ground up to help you gain functional mastery of this highly specialized material in the shortest possible time.
Hereβs what youβll learn via theΒ detailed global case studiesΒ in the course:
Module 1:Β Bank Overview: Accounting, Valuation, and Regulations:Β Youβll discover how banks operate and why you canβt rely on traditional metrics, multiples, or modeling.
Module 2:Β Bank Operating Model (Shawbrook):Β You will construct a detailed operating model for Shawbrook, including calculations for its loan portfolio, three statements, and regulatory capital under Basel III.
Module 3:Β Bank Valuation (Shawbrook):Β You will build a full-fledged valuation model for Shawbrook based on public company comparables, precedent transactions, a regression analysis, and dividend discount and residual income models. Youβll then use these to write a stock pitch, equity research report, and IB pitch book for the company.
Module 4:Β Bank Merger Model (KeyCorp / First Niagara):Β Youβll build a full merger model for KeyCorpβs $4.1 billion acquisition of First Niagara, and youβll make a recommendation on the deal in a short presentation at the end after learning about the key differences with bank merger models.
Module 5:Β Bank Growth Equity Deals (ANZ):Β Youβll build a half-year operating model for ANZ and use it make a recommendation on a minority-stake investment in the company; youβll also learn how a bank might use such an investment to shore up its regulatory capital ratios.
Module 6:Β Bank Buyout Deals (Philippine Bank of Communications):Β You will build a buyout model for a 100% acquisition of PBC in this module, learn how NPL divestitures work, and make a short investment recommendation at the end.
BONUS- Module 7:Β Insurance Overview:Β In this module, youβll get a crash course in all things insurance-related, from the business model to the financial statements, projections, and valuation.
The information youβll find is so detailed and so thorough that our regular customers come from top-ranked universities, investment banks, and business schools.
Once youβve completed the training, hereβs what you can immediately add to your resume / CV:
Bank & Financial Institution Modeling (BIWS)
Online Financial Modeling Training Program
- Completed FIG modeling and valuation training based on case studies of Shawbrook, KeyBankβs $4.1 billion acquisition of First Niagara, ANZ, and Philippine Bank of Communications; also completed insurance modeling lessons
- Built 3-statement operating model for Shawbrook based on loan market share and GDP growth, net charge-offs and provisions, and spreads on interest-earning assets and interest-bearing liabilities; projected financial statements and calculated CET 1 Ratio, Net Stable Funding Ratio, and Liquidity Coverage Ratio
- Valued Shawbrook using dividend discount model, residual income (excess returns) model, regression analysis, and public comps and precedent transactions with P / E and P / TBV multiples; concluded that company was 30-50% overvalued and made βShortβ recommendation in detailed stock pitch
- Built complex merger model for KeyBank and First Niagara, including support for mark-to-market adjustments, deposit divestitures, core deposit intangibles, the write-down of the Allowance for Loan Losses, and synergies; valued synergies, calculated accretion / dilution and IRR, and recommended against the deal due to marginal benefits from the seller
- Created bank growth equity model for ANZ to analyze follow-on offering that would boost the bankβs Net Stable Funding Ratio under APRA rules; calculated returns to equity investors and recommended investment due to achievement of the targeted returns across cases and minimal downside risk
- Built bank buyout model for Philippine Bank of Communications to assess a 100% control transaction for the company combined with a Nonperforming Loan (NPL) Divestiture; calculated returns to equity investors and recommended against deal due to lower-than-targeted returns in Base and Upside cases
- Built P&C insurance operating model based on GWP growth, premium rates, reinsurance, ceded premiums, loss & LAE ratio, and commissions; also learned P&C insurance valuation and Embedded Value for life insurance
Whatβs Your Investment In TheΒ BIWS Bank & Financial Institution ModelingΒ Course?
To put this in context, letβs consider your Return on Investment in this Programβ¦
The pay for entry-level investment banking jobs varies from year to year, but itβs safe to say that even entry-level Analysts would earn between $140,000 and $160,000 USD right out of university.
At the MBA level, that climbs to $200,000 to $250,000 USD. And as you progress, your total compensation only gets higher and higher; top bankers earn 7 figures annually.
By investing in this specialized program, youβre doing several things at the same time:
- ξGaining extremely specialized knowledgeΒ in a field in which there is always high demand for people who know what theyβre doing.
- ξLearning practical real-world skillsΒ you can apply right now. No other FIG modeling course on the planet has tutorials on stock pitches, equity research reports, and investment banking pitch books.
- ξDifferentiating yourselfΒ from other IB professionals and students at top schools β even those with the best academic pedigrees and the highest GPAs.
- ξProving beyond a doubtΒ to current or potential employers that youβre prepared to go βabove and beyondβ to be the best and get resultsβ¦ in other words, youβreΒ exactlyΒ the type of person banks love to hire, reward, and promote.
So the value you stand to receive isΒ substantial.
And your investment? Just $497 for the entire program.
With this very modest investment, youβre setting yourself up for a job that pays aΒ minimumΒ of $140,000 in total compensation (base salary + bonus) β thatβs aΒ 282x return on investment.
Or another way to look at it is that with this course, youβre acquiring highly specialized skills for which there is aΒ tonΒ of demand, but veryΒ limitedΒ supplyβ¦ and that can only be a good thing for you.
Other training firms chargeΒ much moreΒ forΒ lessΒ content and value β and in some cases, for programs that arenβt even designed specifically for online learning.
Decision and Action Time
Once you sign up, youβll immediately have access to the 103 instructional videos, the comprehensive written notes, the practice quiz questions, the dozens of Excel files, and the bank stock pitch, equity research report, and investment banking pitch book.
You can re-purpose these files for your ownΒ case studies and modeling testsΒ in interviews, and even use them for on-the-job analyses.
And youβll haveΒ access to our expert support teamΒ to ask whatever questions you need, for a full 24 months after purchase. With that comesΒ lifetime accessΒ to the site,Β free upgrades, andΒ newΒ content as we add it.
This is theΒ most comprehensiveΒ andΒ most practical Bank & Financial Institution industry-specificΒ financial modeling training around, at the best price, and with the best guarantee. This is as risk-free as an offer can possibly get.
Brian DeChesare
Breaking Into Wall StreetΒ Founder
P.S.Β There is no faster way to master the skills required for Bank and Financial Institution Modelingβ¦ and no faster way to prove to potential employers that youβre a first-class professional who is prepared to go βabove and beyondβ to stand out.
If youβve been watching us from the beginning, you know that prices have been increasing since the site first launched β and they will continue to do so in the future as the courses get even better and we add additional material and features.
Get Digital Download ” Breaking Into Wall Street – BIWS Bank & Financial Institution Modeling ” Right Now!
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