Since you're here it is perhaps safe to assume that you aspire for a career in Investment Banking, Corporate Finance, Equity Research or Private Equity. Lets call it Option 1

But more importantly, in the pursuit of Option 1 are you willing to do whatever it takes to break in and then move up and rise through the ranks? Is that you?

  • Relentless, determined and unwilling to compromise on your aspirations and settle for Options 2, 3, 4 and 5?

Then perhaps you could be a good fit for 12 month Industrial Placements Program

Breaking in is hard, its super competitive, the odds are stacked against you.

At SIB, having trained and placed so many bright young minds over the years, we know that first hand. But breaking in is possible and achievable, if you go about it the right way.


What’s in it For You?

SIB’s 12 month Industrial Placements Program is absolutely FREE for you. In addition, it offers you the opportunity to:

  • Earn GBP 22k (2k*11)
  • Gain exceptional work experience in Investment Banking/Corporate Finance
  • Get a foot in the door and put yourself leaps and bounds ahead of your peers

ABOUT SIB

Founded in 2007, School of Investment Banking is a unique and one of a kind Investment Banking training institute. What sets us apart is the fact:

  • That we go way beyond providing cutting edge industry relevant training and leverage our deep contacts with recruiters to secure world class placement opportunities for candidates

That’s why SIB Alumni are pursuing their career ambitions as Investment Banking Analysts with major recruiters such as JP Morgan, Goldman Sachs, Citi, Deutsche Bank, Bank of America, HSBC, Nomura, PwC, Ernst & Young, KPMG, Deloitte and Grant Thornton among others across

  • New York, London, Johannesburg, Dubai, Mumbai, Singapore, Hong Kong & Sydney

CANDIDATE PROFILE

Our training is open to ambitious candidates who:

  • Aspire to make a career in core Investment Banking
  • Are seeking a higher and better vision for themselves

Prior knowledge in finance is NOT essential to join SIB. Interested candidates can come from a range of academic backgrounds and will typically:

  • Be either recent graduates or penultimate year students at a top tier university
  • Have an exceptional academic track record

Penultimate year students should obtain requisite permissions from respective academic departments in order to participate in SIB’s 12 month Industrial Placements Program

DETAILS OF IN-CLASS TRAINING:

Candidates can commence training on any of the start dates below and have to secure a minimum of 60% on assessments.

CITY NEXT DATE Duration TIMING FEE COURSE TITLE APPLY
London 07-May-2018 4 weeks 9 a.m. – 5 p.m Free Investment Banking See Admissions
London 04-Jun-2018 4 weeks 9 a.m. – 5 p.m Free Investment Banking See Admissions
London 02-Jul-2018 4 weeks 9 a.m. – 5 p.m Free Investment Banking See Admissions
London 6-Aug-2018 4 weeks 9 a.m. – 5 p.m Free Investment Banking See Admissions

"I have wanted to pursue investment banking for 2 years now and I was struggling to get interviews. SIB provided me with the technical skills, contacts and interview prep that I needed to land a job. SIB truly wanted me to succeed. Before the course began, SIB told me that their goal was to land me enough interviews and they have truly delivered."

Gustaf Linder

Lamar University

"Joining SIB was a very good decision. It improved my technical skills, prepared me for job interviews and I got the break I needed in investment banking. I am very grateful to all the faculty members for giving each student personal attention and for putting the interests of students first and foremost"

David Murry

Warwick University

"The intensive training made me adept in all relevant disciplines such as accounting, creation of profiles, comparables, DCF valuation, M&A considerations etc. I gained deep insights about sector peculiarities and I was ideally prepared for challenging finance interviews. I had high expectations and SIB exceeded these by far"

Louis Chakkalakal

ESB Business School, Reutlingen University

HOW DOES IT WORK?

STEP 1

Candidates will go through SIB’s training program in month 1 where they will pick up core skills related to Investment Banking. These skills cover:

  • Accounting & Financial Statement Analysis
  • Company Valuation (Trading Comparables, Transaction Comparables & DCF)
  • Financial Modeling
  • Research & Presentation Skills

STEP 2

Candidates will begin their industrial placement with recruiters in month 2 and will be expected to work there till month 12

  • During this period candidates will earn GBP 2k per month (gross)
  • Please note that there is no compensation during month 1 which is for training

STEP 3

At the end of month 12 :

  • Candidates may receive an offer from the recruiter to join them full time upon graduation

Timeline

Admission to the program closes by 15 Dec 2017. Candidates will be required to visit London to interview with SIB

SIB will endeavour to complete matching with recruiters by 31 March 2018.

  • Recruiter interviews will take place in Feb and March 2018. During this time, candidates will have to visit London for in person interviews with recruiters

COURSE CONTENT

  • SIB is a pioneer in the provision of "practical" training that enables candidates to be "job ready"
  • Our training material is concise, to the point and hits the nail on the head
  • Ultimately, entry level analysts hired from SIB can hit the ground running from Day 1 as opposed to Day 90

Week 1 ( Days 1-3)

Accounting Overview, Excel
  • Introduction to Financial Statements (P&L, balance sheet, cash flow)
  • Double entry and key accounting principles
  • Reading an annual report
  • Ratio analysis & interpretation
  • Final accounts (P&L, balance sheet, cash flow)
  • Lease accounting
  • Retirement benefits
  • Purchase accounting - goodwill recognition & impairment
  • Group accounting - subsidiaries, associates & JV's
  • Introduction to excel

Week 1 (Days 4-5)

Company Profiles & Presentation Skills
  • Data gathering (research)
  • Structuring a company profile
  • Company description
  • Business/group structure, service lines
  • Key personnel
  • Summary Financials
  • Share price chart
  • Recent events
  • Broker commentary
  • Key performance indicators
  • Flow of the pitch book

Week 2 (Days 6-8)

Valuation- Trading Comparables
  • Gathering information
  • Choosing appropriate peer group
  • Equity value & equity multiples
  • Enterprise Value & EV multiples
  • Normalizing earnings
  • Calculating last twelve months (LTM)
  • Calendarisation
  • Calculating fully diluted shares (options & convertibles)
  • Adjusting EV - subsidiaries, associates
  • Adjusting EV - leases, retirement plans
  • Calculating various multiples
  • Checking and interpreting results
  • Plenty of practice!!

Week 2 (Days 9-10)

Valuation-Transaction Comparables
  • Gathering information
  • Choosing appropriate deals
  • Discuss strategic rationale
  • Regulatory roadblocks/challenges
  • Control premiums, synergies
  • Equity value & equity multiples
  • Enterprise Value & EV multiples
  • Normalizing earnings
  • Calculating last twelve months (LTM)
  • Calculating fully diluted shares (options & convertibles)
  • Adjusting EV - subsidiaries, associates
  • Adjusting EV - leases, retirement plans
  • Calculating various multiples
  • Checking and interpreting results
  • Plenty of practice!!

Week 3 (Days 11 - 13)

Valuation- Discounted Cash Flow(DCF)
  • Time value of money
  • Estimating & forecasting free cash flows (FCFF, FCFE)
  • Cost of equity ( beta, risk free rate, equity risk)
  • Target capital structure
  • Cost of debt
  • Calculating WACC
  • Understanding terminal value
  • Gordon growth & exit multiple
  • Discounting cash flows, mid year
  • Deriving intrinsic value
  • Sensitivity & sanity checks
  • Big picture (connecting the dots)

Week 3 (Days 14-15) & Week 4 (Day 16)

Financial Modeling (company1, sector1)
  • Overview of financial modeling
  • Excel best practices
  • Understanding the company, industry
  • Revenue build up, KPIs
  • Preparing & forecasting P&L
  • Preparing & forecasting balance sheet
  • Equity schedule
  • Depreciation & amortization schedule
  • Working capital schedule
  • Fixed assets, capex build up
  • Cash flow statement
  • Debt and interest schedule
  • Dealing with circular references
  • Balancing the balance sheet
  • Calculating implied price per share
  • Checks & balances

Week 4 (Day 17)

M&A Considerations
  • M&A Process
  • Deal financing - Cash and stock mix
  • Accretion/dilution analysis
  • Potential credit rating impact

Week 4 (Days 18-20)

Financial Modeling (company2, sector2)
  • Overview of financial modeling
  • Excel best practices
  • Understanding the company, industry
  • Revenue build up, KPIs
  • Preparing & forecasting P&L
  • Preparing & forecasting balance sheet
  • Equity schedule
  • Depreciation & amortization schedule
  • Working capital schedule
  • Fixed assets, capex build up
  • Cash flow statement
  • Debt and interest schedule
  • Dealing with circular references
  • Balancing the balance sheet
  • Calculating implied price per share
  • Checks & balances

Ongoing Basis

  • Q&A
  • Interview prep
  • Current affairs

This happens everyday @ SIB

ADMISSIONS

At SIB, we believe in a stakeholder approach where the growth of our Institute is dependent on the growth of our candidates and vice versa. Our students are the keepers of our franchise and will play a major role in protecting and promoting our culture and brand. Such principles make it critical to attract the best talent with an appreciation for both the cultural and operational dynamics of the finance industry.

MINIMUM REQUIREMENTS

  • Strong A Levels; Expected 2:1 at university
  • Ability to commit to this Program for 12 months (all or nothing)
  • Work rights -> British or EU passport holders
  • Foreign languages (helpful)
  • Excellent communication skills
  • Genuine interest in the finance industry
  • Attention to detail
  • Good analytical skills
  • Initiative and maturity

FEE

This course is absolutely free for candidates.

APPLICATIONS

Candidates can apply by emailing their CV and cover letter to admissions@schoolofib.com. If your application meets our requirements, we will contact you to schedule an interview.

  • You should be prepared to come to London for an in person interview
  • Keep a close eye on your inbox (including spam)
  • If you have any questions, feel free to call on 07506 951154 during standard business hours.

FACULTY

Chaitanya Kumar

Chaitanya founded SIB after working with Lehman Brothers in London and Mumbai. Chaitanya helped Lehman Brothers to establish their Investment Banking outsourcing business in India. His role revolved around training Lehman Brothers' analysts and provided him valuable insight into both project management and business development. In London, Chaitanya worked in the Telecoms M&A team where key transactions included :

  • The €1.2bn sale of Bivideon's stake in Ceske Radiokomunikace and T-Mobile Czech Republic to a consortium comprising Mid Europa Partners, Lehman Brothers Private Equity and Al Bateen Investments
  • The €1.6bn sale of TIM Hellas to Apax & Texas Pacific Group
  • The $4.5bn disposal of Telesystem International Wireless (TIW) to Vodafone
  • Sale of 51% stake in Intracom Telecom to Sistema Group for €440m
  • £80m convertible bond issue for Pipex Communications Plc

Prior to Lehman Brothers, Chaitanya worked with Arthur Andersen in London providing Assurance Advisory services to leading financial institutions. Chaitanya completed his MSc. in Banking and International Finance from the Sir John Cass Business School, London. He graduated from the University of Leeds with a first class honors degree in Accounting & Finance.

FAQ's

In order to get a better feel, we encourage you to go through the below FAQ’s in detail.

Who is SIB’s 12 month Industrial Placements Program for?

Interested candidates can come from a range of academic backgrounds and will typically:

  • Be either recent graduates or penultimate year students at a top tier university
  • Have an exceptional academic track record

Penultimate year students should obtain requisite permissions from respective academic departments in order to participate in SIB’s 12 month Industrial Placements Program

What can candidates do in order to prepare for this Program?

Candidates should obtain requisite permissions from their respective academic departments to participate in SIB’s 12 month industrial placements program

What is the profile of recruiters you can expect to work with?

Most likely the recruiter will be a boutique corporate finance advisory firm based in London. In some cases the end recruiter may be a larger investment bank, an equity research or private equity shop.

What type of work can I expect to be doing during the Industrial Placement?

Candidates will be typically placed as an intern in Corporate Finance or Investment Banking. These are highly analytical jobs and day to day tasks revolve around basic research, fundamental analysis, company valuation, financial modeling and number crunching, report writing, preparation of pitch books etc. A career in these job profiles is both intellectually stimulating and financially rewarding.

What if I am from a non finance or business background?

Prior knowledge in finance is not essential to pursue our training. Our training is designed in such a manner that candidates from diverse backgrounds can learn and excel.

Having said that, candidates will be on a steep learning curve and will have to work very hard. Candidates will be assessed during SIB’s 1 month in-class training and will be expected to secure a minimum of 60% on assessments.

If this is not the case, then it could put your participation in the Industrial Placements in jeopardy.