Investment banking traces its roots to the era when European merchant banks established their first trading houses, somewhere around the 19th century. Since then, international banks have dominated the market and other merchant banking activities in the country. Investment banking in today’s society is a lucrative career option, where students with a commerce background can prosper and thrive. Plenty of courses offer investment banking, each with its unique features and it can get difficult to settle for the right option. In this article, we’ve taken the IIM Skills vs Grant Thornton Investment banking course and analyzed them for your benefit.
What is Investment Banking?
Investment banking is a segment in banking operations that aids individuals and companies to raise funds and contribute to financial consultancy services. They equip themselves to handle a large number of financial transactions which keeps big businesses and organizations functioning. Finances are kept safe and important dealings can occur safely because of investment banks.
They also perform the role of intermediaries between investors and security issuers and this enables many new firms to go public. Mergers and Acquisitions, for example, can gain ownership of large organizations and companies further allowing them to expand or downsize. Investment banks mainly perform in high finance, aiding companies to access capital markets like bond or stock markets. These intricate tasks are done on the client’s behalf.
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Types Of Investment Banking
These banks specialize in corporate finance, although sometimes they are retail. Boutique banks provide consultation and advisory services but do not provide funding services. These banks can work on smaller deals reinforcing the buy and sell side in Mergers and Acquisitions transactions or specific areas like healthcare, media, technology, industrials and so on. Two prominent categories of Boutique investment banks include Regional Boutique banks and Elite Boutique banks.
- Regional is the smallest in terms of size and dealings, offering specialized services like handling Mergers and acquisitions in the market sector.
- On the other hand, Elite boutique banks are different from Regional and closely resemble bulge bracket banks due to the dollar value of their dealings.
These banks refer to, the commercial banking that provides its services to non-profit organizations, local government firms and companies with revenue ranging from 50 million to 1 billion. Middle-market banks occupy the middle ground between high-profit investment banks and small regional investment banks. These investment banks have a contrastingly huge presence than regional banks, even though they do not reach far in terms of multinational scope like bulge bracket banks.
Services provided by them include equity capital market and debt capital market, Mergers and Acquisitions and restructuring deals as well as a full complement of financing and asset management services.
Bulge Bracket Banks
Bulge Bracket banks are a universal phrase used for giant global investment banks. Their reach goes far in terms of, its number of employees and company outlets, along with handling many liberal corporate clients and deals. Professionals working in Bulge Bracket investment banks are expected to be dedicated and work long hours for their clients, securing transactions and ensuring the bank’s profits.
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IIM SKILLS vs Grant Thornton Investment Banking Course Review
1. IIM SKILLS vs Grant Thornton Investment Banking Course – Overview
IIM Skills is a leading education technology company, which has provided its excellent services to more than 35 countries across Asia. It caters to thousands of learners and covers a wide range of online courses. Thus, if you are someone looking for a professional course to enhance your knowledge and pre-existing skills, IIM Skills might be the best option for you.
The company has remained active in the educational sphere since 2015, crossing the 95,000 mark with its live training sessions. The company takes pride in their mission of providing quality knowledge and resources at modest prices.
Grant Thornton Academy
The Grant Thornton Learning and Development Academy is a popular name in the professional education platform. They are dedicated to providing well-structured courses in India and are known for their result-oriented training programs. Whether you are a professional or a student, the customized training programs can help you gain the most benefits.
They have various modes of training, namely classroom sessions, online live sessions and e-learning. The institution has great global connections and is known to work with businesses and governments across sectors and industries. They have been assuring these businesses, consulting tax and risks, and arranging technology transformation services since its initiation.
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2. IIM SKILLS vs Grant Thornton Investment Banking Course – Course details
- The Course Name – Investment Banking Course.
- They provide over 20 hours of doubt-clearing sessions.
- They give special attention to every student.
- The live training sessions cover 50+ hours of hands-on experience.
- Internship opportunities are provided for an even better experience.
- Big firms like Goldman Sachs and TCS are in partnership.
- The course is 100% practical-oriented & tool oriented.
Grant Thornton Academy
- The course is called Certification in Financial Modelling and Valuation.
- The course caters to both professionals and freshers and provides them with practical exposure.
- The major takeaway from this course is the conceptual knowledge that is imparted with industry practices.
- Case studies prepared for the students, help them relate practical scenarios to their job roles.
- The course is guaranteed to aid you in gauging the performance of a financial asset or portfolio.
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3. IIM SKILLS vs Grant Thornton Investment Banking Course – Features
This Ed-tech company offers interactive live training sessions and are provided with master certificates. For any queries, students can get in touch with faculty and attain full support 24*7. The faculties with IIM SKILLS are dedicated & experts in their domain. There is full support and assistance for the career guidance and profile building to each of the participants of the course. The live sessions offer one-on-one sessions for every student to discuss their doubts and queries. The course requires a one-time purchase and remains accessible in the LMS forever along with all recordings and study materials. For a performance boost, students are encouraged to participate in live projects. Resume and Interview preparation is also granted to every learner to make them career-ready.
Grant Thornton Academy
The Certification in Financial Modelling and Valuation has plenty of learning outcomes. It aids every student with doubt clarification regarding MS Excel and Excel formulas. Moreover, designing financial models and revenue and expense models for different industries like consumer goods, retail, and real estate are also taught. Students can get help with creating dashboards for summarised presentations or valuation techniques and presenting reports using models. The program focuses on a 5-day training with study materials. Also, access to their LMS.
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4. IIM SKILLS vs Grant Thornton Investment Banking Course – Eligibility
The courses are open to everybody, irrespective of age and position in the work sphere. Even then, the ideal range of students are undergraduates, graduates and individuals working in this domain including freshers and higher ranks. They are beneficial to people seeking to enhance their skills.
Grant Thornton Academy
This course is ideal for Investment bankers, Equity researchers, professionals who are working in the corporate finance or Mergers and Acquisitions domain, chartered accountants, and MBA finance and commerce graduates.
5. IIM SKILLS vs Grant Thornton Investment Banking Course – Fees & Duration
For 3 months, the course is priced at 39,900 INR along with 18% GST. 10% group discount. Also, money back policy if the 1st session is not satisfactory. Also guaranteed internship & job placements. Lifetime access to their learning materials.
Grant Thornton Academy
For 40 hours of classroom sessions, the total fee is 27,500 INR + additional taxes. They also have a well-laid-out cancellation and refund policy.
- You can get 50% of the fee refunded if you decide to cancel, provided the request is made five working days before the course start date.
- Cancellations are made through email and students who are willing to participate in any program will be accommodated in future batches, at no extra cost.
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6. IIM SKILLS vs Grant Thornton Investment Banking Course – Curriculum
Microsoft PowerPoint – You can gain an understanding of the concepts and learn the keyboard shortcuts. Learn to create designs and manage the slides, add animations and transitions to the slides, learn to use different themes for formatting and more.
Microsoft Excel – In this module, students are introduced to the basics of MS Excel and get themselves started with features like copy-paste, offset and index. Numbers and Font formatting are taught and concepts like rows, columns and cells are made clear for first-timers. Several graphs and charts are introduced including Waterfall graphs, Bar graphs, Pie charts, histograms and more.
Financial system and market – The basics like foundations of the financial system, types, and characteristics are taught. Other things you can expect are bond price, yield, interest and understanding of long/short positions. You will better understand the distinct characteristics of exchange-traded securities.
The Derivative Market – Students are presented with concepts of futures, forwards, options, hedging and speculating. Besides that, they can learn about different categories of payoffs, and price structures delving more into the Derivative Market.
Investment Banking and its Techniques – With this module, you’ll be covering the different types of investment banks, and understand the comparisons between investment banks, merchant banks and commercial banks. You’ll get an in-depth understanding of Mergers and Acquisitions and learn the types of vertical and horizontal.
Different Types of Marketing Collaterals – Students get a clear idea of Investors and Buyers, on the other hand, their knowledge of non-disclosure contracts and teaser deepens. The course is updated to include topics of financial models and a memorandum of confidential information.
The Technical Side of Financial Modelling – Students gain a proper understanding of financial model construction and working on the development of scenarios can benefit them to a great extent. Working on projects and predicting the IS, BS and CFS financial statements can enhance their skills. Other takeaways include creating schedules of fixed or working capital debt and building in-depth revenues along with cost drivers for businesses of all types. It is also important to know some essential formatting tricks like printing set-up forms, indexes and financial summaries.
The Business Valuation – In the last module, students can attain a proper understanding of cost computations, familiarize themselves with terms like NOPAT, CAPex variation, and working capital changes, understand the various risk concepts and learn how one can include them in valuation calculation. Business valuation in Mergers and Acquisitions refers to assigning a dollar value to a business and considering its aspects.
Grant Thornton Academy
The curriculum is comprehensive and covers the following areas:
Excel – Creating financial model templates and making students understand them. There is a refreshing take on the important functions applied in Financial modelling and valuation. Students are taught string function, offset function, data table, Macros and goal seeking. They can learn to link multiple files and sheets, as well as, custom formatting financial models. Learning the usage of dollar ($) and its significance in the financial model, are of utmost importance for future use.
Basic Business Model – You can learn and understand important concepts related to business models.
Financial Statements – In this portion of the curriculum, you are encouraged to learn to make assumptions, forecast risks and creation of historical statements, so that these skills can be used in real-world scenarios.
Valuation – Students are taught the application of DCF (Discounted Cash Flow) which refers to the method of estimating the value of investments, and their predicted cash flows.
Valuation Second Module – This module covers the cost of equity, net cost of debt and Weighted Average Cost of Capital (WACC). You can learn ways of absolute valuation and comparable analysis in relative valuation. Furthermore, performing sensitivity analysis or scenario analysis is explored in-depth.
Financial Model: Data – In this segment, students explore topics like data collection, data structuring, and public and private data sources, along with preliminary scrutiny of information and data.
Modelling – With this module, you can learn more about historical statements and be able to work on them. Modelling assumptions for future action will become easier for you and you will be able to build revenue for projecting future revenues. Similarly, learning cost build-up enables you to project future costs. Other subpoints include asset schedule, depreciation schedule (book and income tax depreciation), Working capital and term loan modelling (Debt Infusion) and modelling the impact of accumulated losses (Current tax and Deferred tax on Tax Payable). With further progression, the module also covers Equity modelling and infusion, Cash Flow Statement Projection and Modeling Share premium account and paid-up capital.
Project Valuation Introduction – This module introduces the concept and deals with its various contexts. You’ll be able to understand financial models and integrate them.
Project Valuation – The abbreviated term NPV stands for Net present value and is a financial value that measures the profits of an investment, and IRR stands for Internal Rate of Return that estimates the profits of potential investments. With this module, you will know the basics, understand how to build flexibility for cash flow at unpredictable times and build flexibility in the model.
Circular Logic and Looping – In this module the topics included are Interest during its construction and Interest and cash.
Project Valuation on Creating EPC Schedule – With the Engineering, Procurement and Construction subpoints to study, you will be mastering the ways of finding out the different costs involved in the project and efficiently calculating project costs.
CAPex Schedule – The main aspects covered in this module include the ways of finding out the total CAPex needed for the project and converting the monthly items to annual.
Project Valuation P&L – Profit and Loss is explored in detail here along with the working of different revenue sources. After learning this module you’ll be able to master calculations of expenses, using DCF and calculating IRR.
Project Valuation Asset Schedule – In this segment students are taught when an asset schedule is needed and what exactly is required for it.
Project Valuation – This one is a simple module that deals with the uses of Discounted Cash Flow (DCF) and can calculate the Internal Rate of Interest (IRR).
Project Valuation GANTT Charts – You will be able to track the progress of your project and learn about Gantt Charts, which are horizontal bar charts visually representing a project plan over time.
Modelling Delays – The students can focus on date arithmetic and the creation of flexible templates. They are encouraged to work on Lookup revenues and costs along with Quarterly to Yearly revenue consolidation by using the SumIf feature.
Visualization of Interactive Excel Dashboard – The concept and its aspects are introduced to the students and some dashboard design tips are given. Other aspects covered are possible data sources, formatting data in tables, building a dashboard and design/layout. Types of Pivots like Pie pivots, bar charts, Sparklines pivots, map pivots, and interactivity with slicers are covered equally in-depth.
Mergers and Acquisitions Introduction – The meaning of Mergers and Acquisitions and their categories are covered in detail. Alongside it, the topics of Merger motivations and forms of payment in a Merger model are touched upon.
Mergers and Acquisitions Evaluation – In this module what you can expect to learn is evaluating a merger bid, identifying assumptions for estimating future cash flows and various other aspects. Through cases, you can estimate the fair acquisition price of the target company in Mergers and Acquisitions. Moreover, you will master the calculations of FCFF and NPV, define comparative value metric, estimate takeover premium and calculate the valuation of the company.
Mergers and Acquisitions Valuation – Students can involve themselves in live cases and find out things like the rationale for the transaction, search relevant reports, and understand the uses of 10K and 10Q. They’ll be allowed to collect and project numbers, work on Merger analysis, understand the projection of company numbers and find out the impact of deal announcements on Share Price. Mergers and Acquisitions are also important for creating high-level merger accounting or Pooling methods. The Accretion and Dilution analysis and modelling of a financial plan are also taught. Lastly, performing sensitivity analysis on Acquirer’s EPS is another important subpoint in Mergers and Acquisitions.
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Frequently Asked Questions (FAQs)
Q) Can you study investment banking courses after the 12th?
Yes, it is possible to pursue the investment banking career path after 12th. You are required to achieve a minimum score of 50% marks in your 12th grade and any background is eligible. You can then take up a course related to the investment banking domain like a Bachelor of Commerce, BA in Finance, BA in Economics and BBA in Finance to advance towards your ultimate goal.
Q) What are some good investment banking books?
Some good books on Investment Banking are “Investment Banking Explained” which explores the domain in-depth, “Investment Banking for Dummies” which is a book for anybody struggling to understand the concept of investment banking and is simplified for everyone’s understanding, “Investment Banking” that explains Valuation, Leveraged Buyouts and Mergers and Acquisitions in a better way.
Q) What jobs can you get after investment banking courses?
There are plenty of jobs available in the field of Investment Banking. Attaining knowledge on topics like Mergers and Acquisitions and Underwriting can be highly valuable for an individual. Some popular job positions in the investment banking field are Bank Teller, Client Associate, Branch Manager, Financial Associate, Financial Analyst, Financial Planner, Portfolio Analyst, Financial Advisor and Equity Analyst.
Lastly, we can say that both institutions can showcase their greatness in unique ways. Both these institutions are leading providers of courses on a global scale and have their dedicated teaching staff. With this in-depth review of IIM SKILLS vs Grant Thornton Investment Banking Course, we hope that your doubts regarding the investment banking courses have been cleared. Investment banking brings you a variety of career opportunities. As a student in the investment banking domain, you can do wonders and build a future that will benefit yourself and the industry.
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