Investment Banking
Interview Prep

Course language: English or Russian
6.06.18 - 1.07.18
Master the skills needed to become an investment banker. Learn to sell your skills to the interviewer and get the finance job you wish for.

Next course: June 6 – July 1
Online
New York, London, Moscow, Shanghai - learn internationally relevant skills from anywhere
4 weeks
8 lessons, 16 hours of class and more than 48 hours of homework
Real cases from interviews
The material was developed by the instructor based on his work and interview experience at Buldge Bracket banks
Mentorship
The instructor will provide individual feedback and consultation
COURSE OVERVIEW
WHY THIS COURSE?
Why IB?
Investment banking is one of the highest paid industries with the best exit opportunities and steep learning curve. Here you will get the skills of a CFO or finance exec. However, competition is tough and the industry is hard to get into.
Why Interview Prep?
Competition is intense. Only exceptional preparation wins. Extensive practice in a tiny group led by an ex-Goldman Sachs banker will get you there.
Why Fless?
We make learning engaging and data-driven. We'll help you stay organised and committed throughout your prep. You will know your strengths, weaknesses and next steps - all based on your performance data.
What if I don't want to work in IB?
This course provides a corporate finance toolkit for those who need a helicopter view on finance. Apart from Investment Banking, skills you obtain in this course are applicable in commercial banks, finance departments of corporations, audit firms, private equity funds, VC funds, hedge funds, etc.
The course will prepare you
for the following aspects of an IB interview:
Accounting questions
Enterprise and equity value
Valuation multiples
DCF modelling
M&A basics
Investment pitch
Industry analysis
Brainteasers & random interview questions
SKILLS
you will develop throughout the course
Technical

The failed technical part of an interview is in most cases the reason for refusal. As of today, BIWS alone does not cover sufficient range of technical issues to get into IBD
Industry

Knowledge of both private and public companies in a certain industry will be required. Ability to provide comments on drivers, main players, structure of the market etc. will be expected from the candidate
Presentation

This skill generalises the ability to give an investment pitch and present well-structured argumentation when answering any type of question
Interview

Interviewing is a skill which takes time and practice to develop. You need to acquire confidence and learn to be flexible
This course is for:

✓ Last year students and graduates
(BSc, MSc and MBA) in finance, economics,
math or science related degrees

✓ Those who have passed screening
in an investment bank and need interview practice

✓ Aspiring financial analysts

✓ Non-finance experienced hires or executives lacking general skills or understanding of finance

IS THE COURSE MORE USEFUL THAN BIWS?
FEATURES
FLESS
BIWS
Theory
In-house material developed by the instructor based on his interview and work experience
Skills
Presentation, interview, industry expertise - skills other than technical, required at an interview
Interview Prep
Ability to test yourself and find weak/blind spots in your knowledge
Mentorship
Human interaction,
personalised feedback and individual approach
Community
Share experience and practice offline with likeminded people
Bilingual
The course can be taught in English or Russian
Sergey Pestov
Instructor and Mentor
Worked at Goldman Sachs, VTB Capital and EY in M&A and PE Structuring, Deal Advisory and FICC departments. Completed projects in Moscow, London, and New York. Now working full-time on a tech startup and preparing candidates for investment banking in spare time
ALUMNI FEEDBACK
SYLLABUS
Discover the course structure

Class #1
Business drivers behind valuation

Duration: 2 hours
Theory: Key valuation drivers and projections. General approach to business analysis.
Practice: Efficient approaches and shortcuts. Analysis of macro trends. Key operational drivers.

Class #2
Accounting for IB interview

Duration: 2 hours
Theory: Accounting methodologies. Financial Statement Analysis.
Practice: Test #1. Calculation set #1. Set of open-ended questions. Discussion of efficient solutions.

Class #3
Accounting for IB interview

Duration: 2 hours
Theory: Advanced changes in complex line items. Single-step & Multi-step scenarios and classification criteria.
Practice: Test #2. Calculation set #2. Set of open-ended questions. Discussion of efficient solutions.

Class #4
Enterprise value & equity value

Duration: 2 hours
Theory: Fundamental links and advanced formula components. Impact of various business events. Dilution Analysis.
Practice: Practice case. Test #3. Calculation set #3.
Class #5
Multiples

Duration: 2 hours
Theory: Relative Value Analysis. Interpreting the multiples. Industry-specific metrics.
Practice: Real world cases. Calculation Practice Exercises. Test #4. Calculation set #4. Set of open-ended questions. Discussion of efficient solutions.
Class #6
Valuation methodologies

Duration: 2 hours
Theory: 8+ valuation methodologies. Approaches and Real-World examples.
Practice: Test #5. Calculation set #5. Set of open-ended questions. Discussion of efficient solutions.
Class #7
DCF modelling

Duration: 2 hours
Theory: Free Cash Flows. Growth Drivers. Real life implications. Discount Rates. Closer look at WACC.
Practice: DCF Calculation Case Study. Test #6.
Class #8
Most tricky IB interview questions

Duration: 2 hours
Theory: Major difficulties of financial analysis. Technical interview common traps. Advanced Cases.
Practice: Advanced set of trick open-ended questions. Pitch and brainteaser practice. Q&A session.
ADMISSION REQUIRMENTS
MOTIVATION & COMMITMENT

> Advanced level of English

> Dedicate at least 12 hours for 4 weeks in a row to the course

> Focus on building a skillset. Be ready to practice and participate in class

> Make sure you have the motivation and grit to carry out your studies well

> Review prerequisite materials before the first class

COURSE SCHEDULE

June 6th – July 1st
6.06, Wednesday
10.06, Sunday
13.06, Wednesday
17.06, Sunday
20.06, Wednesday
24.06, Sunday
27.06, Wednesday
1.07, Sunday
20:00 - 22:00 (GMT+3) / 17:00 - 19:00 (GMT)
14:00 - 16:00 (GMT+3) / 11:00 - 13:00 (GMT)
20:00 - 22:00 (GMT+3) / 17:00 - 19:00 (GMT)
14:00 - 16:00 (GMT+3) / 11:00 - 13:00 (GMT)
20:00 - 22:00 (GMT+3) / 17:00 - 19:00(GMT)
14:00 - 16:00 (GMT+3) / 11:00 - 13:00 (GMT)
20:00 - 22:00 (GMT+3) / 17:00 - 19:00 (GMT)
14:00 - 16:00 (GMT+3) / 11:00 - 13:00 (GMT)
COURSE PRICE
> Exhaustive theory and practice materials to pass the interview and start working in IB
> Mentorship from an ex-Goldman Sachs banker
> Individual feedback on your technical skills and industry expertise
> Interview and presentation practice
> Interaction with the instructor and classmates
RUR 25000


APPLICATION
NB
We will send payment instructions once we receive your application. International payment is effected through PayPal. Russian and CIS citizens can pay via payment link.
FAQ
Who is this course for?
- Students or graduates (BsC, MsC and MBA) in finance, economics, math or other science related degrees, who wish to build a career in finance, primarily Investment Banking
- Those who passed screening and need interview practice
- Aspiring financial analysts
- Experienced hires from other sectors or executives lacking general finance knowledge and skills
Where else can I apply the knowledge I get in this course?
BIG4 or similar company with valuation and analytical departments, financial departments of any commercial company (controlling, treasury, commercial departments etc), commercial banks, startups etc. The course will provide general preparation for any type of financial interview, but do make sure to research specific demands towards candidates of your company or industry of choice.
What material is the course based on?
~100 pages of theory notes, synthesizing knowledge from all major prep materials including BIWS and AMT. Everything you need to know, in the shortest format possible, to help you focus and save time. Material will be available in online data rooms.
What do you do in class?
Discuss homework, pitch and practice answering interview questions
How much homework will we have?
8 hours of homework per week
Can experienced professionals attend the course?
Experienced professionals are welcome to participate in this course, but are advised to assess their chances of passing screening with investment banks first. Typically, investment banks hire college and MBA students, but reject experienced professionals (except for consultants, M&A lawyers, and PE/VC investment analysts).
Do you have discounts?
Yes, all Fless alumni get a 10% discount
How many students in a group?
6-8, not more
What happens if I miss class?
All classes are recorded. But unlike webinars, you actively have to participate in class. You will present and defend your solutions, like in a real interview. So if you miss class, value of the class decreases
Should I attend the course if I have read BIWS materials?
Yes, the course will complement your knowledge of BIWS. It will provide you with extensive practice and feedback on your strong and weak spots
Should I read BIWS before this course?
You may, but you don't have to. We will provide you with all the theory you need
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Flessibilità is in not affiliated with any company or university mentioned in the text.
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