Anybody tried this course - Inv. Banking Institute?

Please let me know soon. Here is the link: http://www.ibtraining.com/ You can check the syllabus - course fee is $2k 8 SESSION IN-CLASS COURSE SYLLABUS SESSION 1 - INTRODUCTION AND FINANCIAL STATEMENT ANALYSIS a. Introduction of Banker/Instructor b. Discussion of Syllabus c. Introduction of Students and their Desired Goals d. Financial Markets Overview e. What are the Investment Banks & Private Equity Firms looking for in a potential candidate? f. SEC Filings, including Annual Reports (10-K) and Quarterly Reports (10-Q) g. Historical - Income Statement, Balance Sheet and Cash Flow h. Financial Statement Analysis (Ratio Analysis) SESSION 2 - COMPREHENSIVE VALUATION ANALYSIS a. Why do we value companies? b. Difference between Book Value and Market Value c. Understanding Equity Value vs. Total Enterprise Value (TEV) d. The three (3) Generally Accepted Valuation Methodologies i. Discounted Cash Flow Analysis (DCF) ii. Trading Multiples iii. Precedent Transactions e. Spreading Comps f. Combining all three (3) Valuation Methodologies SESSIONS 3 - 4 - INTEGRATED CASH FLOW MODELING a. Uses for a Financial Model on Sell-side and Buy-side b. Tips for Setting up a Financial Model c. Spreading Historic Financial Statements d. Deriving Historic Ratios, Trends and Variables e. Creating Five Year Projections for Income Statement, Balance Sheet and Cash Flow f. Debt and Interest Schedule g. Integration of Projected Income Statement, Balance Sheet and Cash Flow h. Revolver Modeling i. Sensitivities on Financial Model SESSIONS 4 - 6 - COMPLETE LBO MODELING a. Uses for An LBO Model on Sell-side and Buy-side b. Review of LBO Model Structure i. Purchase Price Calculations and Considerations ii. Capital Structure Options / Reviews iii. Discussion of Typical Financing Sources for LBO iv. Creation of a Sources and Uses Worksheet v. Proforma Income Statement, Balance Sheet, Cash Flow vi. Goodwill Calculation vii. Integration of Income Statement, Balance Sheet, Cash Flow viii. Debt and Interest Schedule ix. Revolver and mandatory / option debt prepayment and impact on returns x. Returns Analysis - IRR on debt, hybrid instruments and equity investments c. Sensitivities on LBO model and Return Analyses SESSIONS 6 - 7 - MERGER (ACQUISITION) MODELING a. Uses for a Merger Model b. How to build a Merger Model i. Calculation of Equity Value and Purchase Price ii. Explanation of Consideration used in Purchase (stock, cash, assumed debt) iii. Discussion of Multiples Paid iv. Post-Merger Control Issues v. Synergies and pre-tax Synergies required to Breakeven vi. Revenue and EBITDA contribution vii. Proforma Income Statement viii. EPS Dilution for Acquirer ix. Discussion of Goodwill and other accounting treatment issues x. Sensitivities SESSION 8 - INVESTMENT BANKING PROCESS AND BEST PRACTICES, INTERVIEW SKILLS AND RESUME REVISION I. Conclusion of Financial Modeling II. Investment Banking Process i. M&A and Private Placement 1. Investment Bank 2. Industry Overview 3. Market Overview 4. Client 5. Valuation 6. Process 7. Buyer/Investor Descriptions ii. Financing 1. Investment Bank 2. Industry Overview 3. Market Overview 4. Client - Positioning 5. IPO Valuation 6. Marketing 7. Pitch Process iii. Sell-side Process 1. M&A Process 2. Private Placement III. Career Resources a. Guidelines for resume writing, structured for Investment Banking & Private Equity positions b. Skills acquired through IBI incorporated on student’s resume c. Top 140 interview questions and questions to ask interviewer d. Investment Banking & Private Equity specific insight e. What we looked for when hiring analysts and associates f. Examples of rewritten resumes, including proper format and style DISTRESSED SECURITY ANALYSIS MODELS AND MATERIALS: a. Overview of Distressed Securities i. What are Distressed Securities ii. How to Identify and Invest in Distressed Securities b. Corporate Debt Pricing i. Bond Math, including Yield to Maturity and Yield to Worst ii. Difference between Revolver, Term Loans, and Bonds iii. High Yield Debt Levels and Default Rates iv. Corporate Debt Pricing during different stages of Distressed Company Cycle, including Credit Deterioration, Recovery, and Restructuring c. How to get Control of a Distressed Asset i. Out-of-Court and In-Court Restructuring ii. Chapter 7, Chapter 11, and Exchange Offers d. Distressed Assets Financial Modeling, including Leveraged Recapitalizations i. Creation of a Sources and Uses Worksheet ii. Pro forma Income Statement, Balance Sheet, Cash Flow iii. Pro forma Capitalization of the Company iv. Pro forma Ownership of the Recapitalized Company and Implied Enterprise Value of the Transaction v. Liquidation Analysis e. Extensive Leveraged Recapitalization Case Study i. Background and Situation Assessment of the Company ii. Objectives of the Recapitalization Transaction iii. Detailed Analysis of Old and New Capital Structure iv. Valuation Analysis of the Company v. Pro forma Ownership of the Recapitalized Company