Did you know that 65% of UK employers believe that relevant work experience is either critical or significant when hiring graduates?

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 SIB’s Industrial Placements Program

What’s in it For You?

SIB’s 11 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/Equity Research
  • 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 undergraduates 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 11 month Industrial Placements Program

DETAILS OF 2 WEEK IN-CLASS TRAINING:

Candidates have to secure a minimum of 60% on assessments.

CITY NEXT DATE Duration TIMING FEE COURSE TITLE APPLY
London June / July 2018 2 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

Training commences immediately post enrolment. We will give you complimentary access to SIB’s Wall Street Mid Cap Bundle which is a collection of 7 world class courses covering:

  • Intro to Accounting
  • Advanced Accounting
  • Valuation – Trading Comparables
  • Valuation – Transaction Comparables
  • Valuation – Discounted Cash Flow (DCF)
  • Integrated Financial Modeling – Airlines
  • Integrated Financial Modeling - IT Services

STEP 2

Recruiter interviews can take place anytime between Feb and May 2018. Candidates will have to visit London for in person interviews with recruiters.

Expect these interviews to be technical in nature. We have already given you access to the Mid Cap Bundle so it is recommended that you go through that content thoroughly and diligently.

STEP 3

Candidates will go through in-class training in June/July 2018. Here you 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

Other details:

  • There will be 2 to 3 assessments
  • The main aim of the in-class training will be to get participants job ready
  • Participants will be expected to demonstrate a great deal of maturity and drive
  • Training will be intense and fast paced

Step 4

Post training, candidates will begin their industrial placement with recruiters and will be expected to work there for the next 11 months

  • During this period candidates will earn GBP 2k per month (gross)

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

The course content and structure for the 2 week in-class training is as below

  • There will be a couple of assessments as well

Days 1-2

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

Days 3-4

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

Days 5-6

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!!

Day 7

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!!

Day 7

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

Day 8

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)

Days 9-10

Financial Modeling
  • 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

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 11 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.

  • Admissions are now closed. We may open admissions again for a very narrow window in a couple of weeks so it is best to stay in touch with our website.
  • 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 11 month Industrial Placements Program for?

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

  • Be either recent undergraduates 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 11 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 11 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 in-class training and will be expected to secure a minimum of 60% on assessments.

If this is not the case, then we can withhold your participation in the Industrial Placements.

What are the chances of securing an Industrial Placement?

Very high. You should take comfort from the fact that since 2007, our average placements record is 90%.

SIB is launching this Program as we believe that we can assist you with a couple of interviews at the very least.

  • It is up to you to deliver your magic during interview and convert it to an offer

Our Industrial Placements Program as you know is completely FREE for you, which means that we will be compensated by respective recruiters.

So in the event that we are unable to secure an Industrial Placements for you, then we lose as well.

  • We win only if you win
  • Your loss is our loss too

Who will be compensating you during the Industrial Placements?

Candidates will be entering into a separate recruitment/internship agreement with respective recruiters.

  • Since you will be working with recruiters directly, they will be compensating you

SIB has conceptualised this unique Program so you can get much needed work experience and earn well while you do that.

  • This Program is our brain child
  • We will train you and help you secure placements as well
  • But SIB will not be compensating you. This will be done by the recruiter directly

How free is free?

SIB’s Industrial Placements Program as you know is completely FREE for you. We’ve created this Program so that you can give shape to your aspirations:

  • By gaining solid work experience that will make your CV stand out when you look for full time graduate roles later
  • By earning a minimum of GBP 2,000 per month as reward for your hard work

At the same time, you should also appreciate the effort from our side in training you first and then fighting for your industrial placements. Do you?

Since this is a free Program for you, we will be compensated by respective recruiters

  • If you either don’t complete your training or fail to secure 60% on assessments then we lose out
  • Similarly, if you don’t complete the entire Industrial Placements over 11 months then we lose out as well

Therefore, it is essential that you look out for our interests as well. Integrity and professionalism are key!