Applied Finance

Money makes the world go 'round, but who controls it? Learn how investment banks, private equity, venture capital and hedge funds direct money to opportunities. And the survival tools of finance professionals — including three statement analysis, core excel skills and valuation techniques.

Live remote instruction
Real world exercises
Industry experts
One-on-one mentorship
Lucia Dempsey
Applied Finance

Experience:

About the Course

For most undergraduates pursuing a first job in business, finance usually ranks high on the list.  Investment Banking, Private Equity and Hedge Funds positions hold particular cachet, making them some of the most desirable targets for summer internships and entry level jobs.

But what exactly does an investment banker or a private equity investor do?  What do hedge fund investors actually invest in, and how are they different from, say, mutual fund investors or an ETF? How do the various institutions within the financial sector work together to connect investment capital with investment opportunities?  And for college students interested in starting a career in finance, what is the critical knowledge and skill-set that applies across all sectors and entry level positions?

Some undergraduate courses - particularly those offered for business majors at leading undergraduate business schools - directly answer these questions.  Yet the majority of undergraduate students are not in these programs, but are every bit as capable of pursuing finance careers.  Even for those students with access to such courses, few receive a practical overview of the financial services sector, directly from industry experts.

What are you going to learn?

  • How investment banks, companies and investors interact to direct investment capital to investment opportunities.
  • The core finance principles that apply across all industries and all entry level finance positions.
  • How companies raise capital through the stages of startup, growth and maturity.
  • The key differences between private and public companies and markets. What distinguishes Venture Capital, Growth Equity, Private Equity and Hedge Funds.
  • Core modeling and valuation approaches for venture-, growth- and mature companies.
  • How the three financial statements work together and the common financial metrics employed across the finance sector.
  • The major public asset classes and fund types that invest in them, and the common strategies these funds employ to generate returns.
  • The many entry points and roles across the financial sector (hint: there's a lot more than investment banking, private equity and hedge funds)

Foundational Concepts

  • Three financial statements: roles and how they relate
  • Debt + Equity = Assets
  • Enterprise Value
  • Time Value of Money
  • Risk / Return

Core Skills: Financial Calcs and Excel

  • DCF, NPV, IRR, valuation methods
  • Excel functions:
    • Core Shortcuts and Formatting (apply throughout)
    • Index & Match
    • NPV / PV
    • IRR
    • Array Formula
    • Basic statistic formulas: average, mean, mode, min/max, st. dev.
    • Basic Financial Model
    • Pivot Table
    • Basic Conditional Logic (AND / OR)
    • Data sources: CapIQ, Bloomberg, SEC filings (role / purpose)

Investment Banks - The Hub of the Financial System

  • Corporate Finance
    • Capital Markets: Debt and Equity
    • Mergers & Acquisitions
    • Industry / Product Coverage
  • Sales and Trading
    • Market Making in Tradable Securities
      • Equities
      • Fixed Income
      • Derivatives: futures, options, swaps
      • Currency (FX)
      • Commodities
    • Selling to Investors
    • Prime Brokerage
    • Proprietary Trading
  • Research
    • Equities: Buy/Hold/Sell
    • Sell-Side Analysts
    • Fixed Income, Commodities, Macro and Quantitative
  • Risk Management
    • Debt Structuring / Restructuring
    • Syndicated Loans
    • Leveraged Finance
    • Currency, Liquidity (working with Corp. Treasury)
  • Private Wealth Management
  • Chinese Wall

Types of Financial Markets

  • Capital Markets
    • Stocks
    • Bonds
      • Corporate
        • Secured / Unsecured
        • Senior / Subordinated
      • Municipal
      • Asset-Backed Securities
        • Mortgage, Auto, Credit Card, Student Loans
  • Commodities
  • Derivatives, warrants, convertible securities
  • Futures
  • Foreign Exchange
  • Cryptocurrency

Traditional Asset Managers

  • Active Managers: Mutual Fund
  • Passive Managers: ETF
  • Diversification / Portfolio Theory (very basic)

Alternative Asset Managers

  • Private Equity: growth equity, buyout
  • Seed Capital / Venture Capital: non-priced vs. priced round
  • Venture Debt
  • Hedge funds
  • Fund of funds

Funding a business from inception to maturity

  • Track the life of a business and the capital needs / participants relevant to each stage (startup, growth, buyout, debt, hedge funds)
  • Use 1-2 examples that illustrate: startup, growth, mature, IPO, and buyout stages

Entrepreneurial Finance (cover this perspective during VC / company life cycle)

  • Raising capital: from seed stage through scaling the business
  • The role of internal finance (budgeting, operating and financial metrics)

Corporate Finance

  • Capital Structure
    • Equity (Stocks)
    • Debt
    • Preferred Stock
  • Relationship with Investment Banks
    • Raising capital: seed, growth, buyout, IPO
    • Recapitalization: changing mix of debt & equity
    • M&A
  • Treasury Functions
    • Managing Cash and Liquidity
    • Risk Management

Career paths

  • Organizational structures
  • Entry-level roles
  • Career progression
$1,795
$2,450 if you apply before Nov. 10
$150 tuition rebate per student that you refer — and they get $150 off their tuition, too.
APPLY NOW
$ 2,950.00 USD
Duration: 
6 weeks
Upcoming start dates:
November 30, 2020
December 7, 2020
December 14, 2020
December 28, 2020
January 4, 2021
Time requirements:
2 weeks live instruction + 4 weeks group project
Exact schedule will vary slightly around holidays.
Resume preparation:
  • Live project for corporate sponsor
  • Alpha Fellowship resume editing & LinkedIn profile review

About the Course

About the Course

For most undergraduates pursuing a first job in business, finance usually ranks high on the list.  Investment Banking, Private Equity and Hedge Funds positions hold particular cachet, making them some of the most desirable targets for summer internships and entry level jobs.

But what exactly does an investment banker or a private equity investor do?  What do hedge fund investors actually invest in, and how are they different from, say, mutual fund investors or an ETF? How do the various institutions within the financial sector work together to connect investment capital with investment opportunities?  And for college students interested in starting a career in finance, what is the critical knowledge and skill-set that applies across all sectors and entry level positions?

Some undergraduate courses - particularly those offered for business majors at leading undergraduate business schools - directly answer these questions.  Yet the majority of undergraduate students are not in these programs, but are every bit as capable of pursuing finance careers.  Even for those students with access to such courses, few receive a practical overview of the financial services sector, directly from industry experts.

What are you going to learn?

  • How investment banks, companies and investors interact to direct investment capital to investment opportunities.
  • The core finance principles that apply across all industries and all entry level finance positions.
  • How companies raise capital through the stages of startup, growth and maturity.
  • The key differences between private and public companies and markets. What distinguishes Venture Capital, Growth Equity, Private Equity and Hedge Funds.
  • Core modeling and valuation approaches for venture-, growth- and mature companies.
  • How the three financial statements work together and the common financial metrics employed across the finance sector.
  • The major public asset classes and fund types that invest in them, and the common strategies these funds employ to generate returns.
  • The many entry points and roles across the financial sector (hint: there's a lot more than investment banking, private equity and hedge funds)

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