If you are interested in a white-collar job with a fat salary, an investment banking career might be good thinking to go. An Investment Banker (IB) is concerned with providing financial advice to individuals or businesses regarding their investment requirements. Banks, companies, financial institutions even individuals offer their services to act as investment bankers (IB). An investment banker helps to invest in profitable sectors and thus make money. Investment Banker salary in India ranges between ₹ 1.9 Lakhs to ₹ 40.0 Lakhs with an average annual wage of ₹ 4.4 Lakhs. Salary estimates are based on 317 latest salaries received from Investment Bankers. In this article, we will discuss institutions or places that are offering only Investment banking free Courses. These online courses are comfortably designed to attend only through a device from anywhere. So let’s check it up.
Table of Content
What is Investment Banking?
Some largest investment banks are as follows:
What degrees are required to be an Investment Banker?
How to arrange finances through Investment when a company goes to the public.
10 Best Online Investment Banking Free Courses
Terms to know/essential questions during investment banking job interview:
- i) Why investment banking?
- Tell me about a company you admire or a recent exciting deal.
Technical Investment Banking Questions
Conclusion
FAQ
- What is an investment banker’s job description?
- Investment Banker Salary
- Which degree is best for a banking career?
- What skills do investment bankers need?
What is Investment Banking?
There are two types of banking in the financial system. One is commercial banking, and another is Investment banking. Commercial banks gather deposits from people and give loans to an individual against a rate of interest. Retail bank employees do similar kinds of jobs for the year, like fund collection, loan sanction, Disbursement, etc. They used to get a fixed amount as a salary for specific services.
Whereas Investment banking, also called merchant banking, is a special department in most banks that helps individuals or organizations raise capital and provides financial consultancy services. Merchant Bank is a mediator between security issuers and investors and helps new fundraiser firms go public. Unlike a savings bank, an investment bank does not accept deposits from the public.
Skills You Must Need to Be a Successful Investment Banker
- Effective communication, networking, and interpersonal skills are required.
- Possession of the ability to perform well in high-pressure situations
- Competent in both research and analysis
- Able to effectively deliver information. Capable of managing both time and projects
- Familiarity with the applicable regulations concerning securities and mergers and acquisitions
- Constant effort without rest
- Focused on the team
Name of Some Largest Investment Banks
• JPMorgan Chase.
• Citigroup.
• UBS.
• Goldman Sachs.
• BofA Securities.
• Morgan Stanley.
• Credit Suisse.
• Deutsche Bank
What Educational Degrees Are Required to Be an Investment Banker?
Banking jobs prefer degrees in accounting, finance, business administration, and other business disciplines.
Best 9 Online Investment Banking Free Courses:
After completing your graduate degree, you can build your career as an investment banker. Since Investment is a technical job, completing Investment Banking free courses can be a golden path to entering these white color jobs. The positive thing about these courses is they are online and free, and you can start from anywhere, anytime.
Considering the demand in the job market, described herewith are the best Investment Banking Free Courses to start your career as a promising Investment Banker along with your other degrees. Keep the article reading until the end of the article, set your goal, and change your life.
1. Course Title: Best Financial Analysis and Valuation for Basic Investment Banking
Offered by Coursera, Illinois State University
- Investment Banking, valuation, and other corporate-finance careers start with this course. It applies financial statement analysis and appraisal methods used by professionals.
- The course comprises two main segments. The first covers financial statement and ratio analysis basics. The second connects financial information and predictions to firm valuation using industry valuation methods.
- Certificate: After completing the course, Coursera will provide a Certificate.
- Duration of the course: 13 hours
- Curriculum: Intermediate Level
- User Experience: Excellent
- Rating/Review: 4.4 and including 71% 5-star Ratings
- Pros: 1. Since this is an Intermediate Level course, those with basic knowledge can upgrade themselves in this sector.
- Easy access at any convenient time to do the course.
- Cons: From reviews, it has been informed that they have referred constantly to the valuation spreadsheet, but it would have been better if students got Excel sheets also.
2. Course Title: Essential Career Skills Needed for Investment Banking and Finance
Offered by: edX, designed by “The New York Institute of Finance.”
- Description: This one of the investment Banking Free Courses from edX is designed to advance your career in Investment Banking. edX is one of the popular online course platforms as they often offer courses in collaboration with prestigious universities like Harvard.
- During this course, you can engage with your clients more confidently.
- The Instructor of this course has vast knowledge in this sector, like Wall Street.
- Certificate:
- Verified Certificate from the institute for $49.
- Duration of the course: Approximately two weeks
- Curriculum: Introductory
- User Experience: Excellent
- Quality of Instruction: The fantastic experience of Wall Street.
- Lifetime Access: Lifetime access once enrollment.
- Pros: Start anytime and continue at your own pace
- Learn industry jargon and become more confident
- Cons: The verified Certificate costs $49
3. Course Title: Free Investment Banking Courses with Certificate
Offered by: WallStreetMojo
- Description: This Investment Banking Course with a Certificate is designed to allow a learner to enter the doorstep of any financial organization. Since bankers remain busy with valuation and other regular work, investment bankers can offer themselves the skill to create big sophisticated economic models.
- This free course is divided into two parts—basic and advanced. So when a non-finance background person desires to be an Investment Banker and complete this course, there is a vast possibility to prove himself in the Job market.
- Certificate: Yes
- Duration of the course: 10+ Hours
- Curriculum: Introductory
- Pros: Start anytime and continue at your own pace.
4. Course Title: Take Your First Step in Learning the Way How to Invest
Hosted by: Phil Town, Founder of Rule#1
- Description: Mr. Phil Town is a three-time New York bestselling author and ex-hedge fund manager who helps people to succeed in Investment Banking.
- Major news channels like CNN, ABC, Wall Street Journal, and more back his course.
- This one of the best investment Banking Free courses is designed for investors who want high returns and want to control their money flow.
- There are five lessons to empower both personal investment and investment banking desk employees.
- Certificate: no
- Duration of the course: As long as needed
- Curriculum: Beginner
- User Experience: Excellent
- Pros: Start anytime and continue at your own pace
- Learn from a former fund manager
- Get financial freedom
- Cons: No certificate of achievement
- Focuses more on personal Investment
5. Course Title: Free Online Investment Banking Free Courses
Offered by: Educares London Ltd., Offered by Alison.
- Description: A Company’s sound investment decisions are taken by the
- Duration of the course: 1.5 -030 hours
- Curriculum: Beginner
- User Experience: Excellent
- Pros: You can obtain an official diploma, an excellent means to announce your success to the world.
6. Course Title: Online Investment Banking Classes
Offered by: Skillshare
- Description: Skillshare, a popular online platform, designed this free course for investment banking students. The Instructor, Mr. John Calley, has spent 25 years as an investment banker, advising hundreds of companies and Investment Bankers about Strategy, Fund Raising, and Mergers and Acquisitions. He shares his experience from advising Startup companies to Billion $ Global Corporations.
- What is interesting about the course content is it is listicle training having 75 questions that cover the whole course.
- Duration of the course: 8 Hours
- Curriculum: Beginner
- User Experience: Excellent
- Pros: Start anytime and continue at your own pace
- Get financial freedom
- Cons: No certificate of achievement
7. Course Title: Investment Banking
Offered by: Class Central, Offered by Great Learning via YouTube
- Description: This Investment Banking course has been designed free for all and is easily accessible—the module is designed with easy step-by-step, which is easily cope by a beginner.
- Level: Beginner
- Duration of the course: Less than 1 hour
- Curriculum: Beginner
- User Experience: Excellent
- Pros: Easy on-demand learning videos.
- Cons: No responses/reviews
Check the other best Investment Banking Courses
8. Course Title: Investment Banking
Offered by: Strategic Wealth Management (Columbia Business School)
- Description: A free online Investment Banking Course has been designed, ideal for beginners, intermediates, and experts.
- Duration of the course12 months
- Curriculum: Beginner
- User Experience: Excellent
- Rating/Review: 4.6 out of 5
- Pros: Easy on-demand learning videos
- Cons: It does not go over investment banking as a whole Long Time duration
9. Advanced Valuation and Strategy – M&A, Private Equity, and Venture Capital.
Offered by: Erasmus University, Rotterdam
- Description: Erasmus University is one of the finest universities specializing in finance and economics.
- Classes are taught through video by the university’s corporate finance lecturers.
- Certificate: No.
- Duration of the course: 4 weeks
- Curriculum: Beginner
- User Experience: Excellent
- Rating/Review: 4.6 out of 5
- Pros: Easy on-demand learning videos.
- Cons: It does not go over investment banking as a whole.
From the above discussion about the Investment Banking Free Course, it is clear that when you acquire the skill to serve as an investment banker, you can earn a handsome salary from banks and corporate financial institutions. All banks have a department for investment banking for raising capital through new investment projects.
Common Investment Banking Questions at Interview Board
Like any other interview, investment banking job seekers face specific field-related questions. Whether you graduated from a finance background, you must check the following questions and answers to face the interview board confidently.
i) Why Investment Banking?
This is one of the interview board’s most frequently asked questions. The industry of investment banking is a competitive one that takes a significant amount of focus, a lot of hard work, and a lot of effort. Candidates that are enthusiastic about investment banking and have a strong drive to succeed in the industry are sought after by employers.
The appropriate response may help you hit the critical points by considering that question. Please describe your interest and the reasons behind it. Inform them that you will accept a challenging job in exchange for a significant salary.
ii. Tell me About a Company you Admire or a Recent Exciting Deal.
Interviewers want to see if you speak the same language as them so that they may ask you about recent mergers or acquisitions of a company. You may reference 2022 huge acquisitions in various corporations, such as American billionaire Elon Musk owning the social media network Twitter or Tata Group, India’s largest conglomerate, acquiring National Airline fleet- Air India in 2022. Shortly, Tata Sons and Singapore Airlines will merge their joint company, Vistara Airlines, with Air India.
Technical Investment Banking Questions
Accounting, mergers and acquisitions, IPOs, corporate finance, and valuation are examples of technical questions asked during an investment banking interview. The questions may appear hard, but it is not required that you are already an expert. These are the most popular investment banking interview questions for entry-level or junior positions.
Investment Banking Free Courses content is used to discuss these types of questions. The employer wants to know if you have basic investment banking abilities and are up for a challenge.
1. Financial Statements and Why they are Essential.
The essential financial statements are balance sheets, income, and cash flow statements.
The Balance sheets show what a company owns and owes at a specific date.
The balance sheets equation is, Asset = Liability + Capital
Income statements reveal how much money a company made and spent over some time.
Cash flow statements show money exchange between a company and the outside world over time.
2. What exactly is the Difference Between Enterprise Value and Equity Value?
Simply Enterprise value is the company’s current value, whereas equity value is the current and future value.
3. What is the Formula for Calculating Enterprise Value?
Enterprise value equals MC plus the difference between total debt and capital.
Market capitalization (MC) is the product of the stock price at the moment and the number of shares that are still outstanding.
The sum of one’s short-term and long-term debts is known as total debt.
Liquid assets are cash (C).
4. What constitutes WACC’s Essential Parts?
A method known as the weighted average cost of capital (WACC) is utilized to determine a company’s return on Investment. If a company works with a 12%WACC, all company investments should give a higher return than the 12% of WACC.
5. What is EBITDA?
EBITDA states Earnings before Interest, Taxes, Depreciation, and Amortization, which reflex the overall financial performance of a company. An EBITDA over 10 is considered suitable for a company.
6. How do you calculate Terminal Value?
A company’s terminal value is calculated by discounting all future cash flows of the Investment to the present value using a discount rate minus the initial Investment.
7. What is more expensive, debt or equity, and why?
Since equity investors take more risk when buying a company’s stock rather than its bond, the cost of equity typically stands higher than the cost of debt. In addition, because interest paid on debt is tax deductible, the cost of debt is cheaper.
8. When should a company issue debt instead of equity?
There are many instances where it makes more sense to issue debt rather than stock because the cost of debt is typically less expensive than the cost of equity. If: Issuing debt rather than equity makes sense.
By issuing debt, the corporation may receive tax protection.
The business can pay interest since its cash flow is consistent.
Lower WACC is the result.
Using additional financial leverage will increase the company’s return on Investment.
9. What is Net Working Capital?
NWC = Current Assets – Current Liabilities
Current assets include a balance sheet’s accounts receivable, inventories, and paid expenses. In contrast, current liabilities are short-term debts like accrued expenses, deferred revenue, and charges payable.
A company with a positive NWC can use its assets to pay off any short-term obligations. However, a negative NWC would signal that the company cannot afford to pay these liabilities, meaning it needs to either boost cash reserves or look for more funding.
10. What is an IPO?
An IPO is an initial public offering, sometimes called “going public,” because, by the IPO process, a company’s ownership is transitioning from Private to Public. When a company needs to raise capital, they sell shares of stock to the public. Investment helps to complete the whole process of IPO.
FAQs
What is an investment banker’s job description?
A job description for an investment banker includes many different tasks. These include working on deals, communicating with clients, managing relationships with other parties, and meeting with company management.
What is Investment Banker’s Annual Salary?
The average yearly payout for an investment banker is $88,664 annually in the United States. Updated on April 19, 2023. Investment Banker salary in India ranges between ₹ 1.9 Lakhs to ₹ 37.6 Lakhs with an average annual wage of ₹ 4.0 Lakhs.
Can you work as an Investment Banker Without a Degree?
You can work as an investment banker without a degree if you have the right skills and experience, but you’ll need to prove you’re qualified.
Which Degree is Best for a Banking Career?
The most likely options are finance, accounting, and business; nevertheless, investment businesses and banks may also be glad to see degrees in economics, mathematics, or engineering. Business, finance, and accounting are the most likely options. You must also complete a free course in investment banking and receive a certificate upon completion.
Conclusion
On average, an investment banker works more or less 80 hours a week. This job involves a lot of brainwork, stress, and risk. But when you look at your massive paycheck compared to others, you smile. An Undergraduate degree in finance, economics, business administration, or accounting is required for investment bankers. But In addition, some special skills are needed to work here, which can be achieved from Investment Banking Free Courses. In the market, there are lots of paid courses, and along with this, there are investment Banking Free Courses also available for you. Consider only the time commitment you can make and the experience you want to gain, and select the best Investment Banking Free Courses from the list.