Introduction to investment banking

Overview:

This course reviews the basic structure of an investment bank. It focuses on the basic activities of the different functional areas including sales and trading, corporate finance, compliance etc.

Learning outcomes:

On completion of this course, participants will have a greater understanding of:

  • The different parts of the investment bank or Investment Banking Division (IBD) and how they interrelated
  • What sales and trading does and the role of research
  • Key terms like Chinese wall, LIBOR, derivatives, leveraged finance, Financial Sponsors Group (FSG), Financial Institutions Group (FIG)
  • The capital structure of companies, the split between debt and equity and how leverage increases returns to equity
  • What bonds and Eurobond markets are and what the Debt Capital Markets (DCM) do
  • What convertible bonds are, as well as asset backed securities such as Mortgage Backed Securities (MBS) and Collateralized Debt Obligations (CDO and CDOs)
  • What equities (stocks or shares) are and the work of the Equity Capital Markets (ECM) – in both primary issues (Initial Public Offering or IPO) as a book runner or lead, and in secondary offerings (rights issues)
  • What mergers and acquisitions are.

Authored by: John Bolitho

John's career spans 20 years in financial services both on the buy side and the sell side of finance, with a general focus on advising, and investing in, technology businesses. He is a Chartered Financial Analyst (CFA) charter holder and has a Diploma in Company Direction from the Institute of Directors.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price (excludes VAT): £35.00