Training course
Investment Banking – Analyst Training
Master the core skills to launch your Investment Banking career. Practical training designed and delivered by experienced Australian industry professionals.
Subject Learning outcomes
Explore the Investment Banking Landscape
Understand the different firms and divisions where you could thrive as an Analyst.
Master Financial Statement Analysis
Learn key accounting principles and analyse company financials from a strategic perspective.
Build Financial Models and Master Excel
Develop integrated 3-statement models using advanced Excel techniques, shortcuts, and error-minimisation strategies.
Learn Valuation Techniques
Apply valuation methods like DCF and trading multiples critical for your Analyst role.
Prepare for Interviews
Boost confidence with real-life interview questions, cheat sheets, and insider tips.
Build Your Pitchbook Skills
Learn the key elements of an investment banking pitchbook and practise the techniques used to develop clear, professional client presentations.
Topic learning outcomes
Module 1
Understanding the Investment Banking Landscape
Begin your journey with a clear understanding of the Investment Banking industry, its structure, and the roles within it. This module offers an insider’s view of Analyst life, exploring how firms operate and where your skills might best fit. By the end, you’ll have the knowledge and confidence to approach interviews, career decisions, and professional conversations with purpose and clarity.
- Learn what you'll be doing day to day as an intern or graduate Analyst
- Explore which Investment Banking division or specialist firm best suits your career goals
- Get to know the key Investment Banking players shaping Australia’s finance industry
On successful completion of this topic, students should be able to:
- Understand what is expected for an Analyst to succeed in the job
- Identify the focus areas for Investment Banking interview questions
- Explain the role banks play in real life corporate situations
Module 2
Analysing Financial Statements
This module builds the foundation every Investment Banking Analyst needs, the ability to interpret company financials with precision and insight. You’ll revisit key accounting principles, understand how the Profit & Loss, Balance Sheet, and Cash Flow interconnect, and learn to identify what truly drives business performance. The focus is on turning financial data into meaningful analysis that supports valuation and client discussions.
- Discover where to find reliable company information
- Learn the key accounting principles used in Investment Banking analysis
- Understand how the P&L, Balance Sheet, and Cash Flow Statement connect
- Use our company financials analysis spreadsheet tool to apply your skills
On successful completion of this topic, students should be able to:
- Identify what company information is high value for Investment Banking analysis
- Understand company announcements
- Interpret and recreate company information
- Identify the relationship between the 3 statements which is critical to modelling and forecasting
Module 3
Integrated Financial Modelling
Develop the hands-on modelling skills that underpin Investment Banking analysis. This module teaches you how to build a fully integrated three-statement financial model that links revenue, cash flow, and balance sheet performance. Using templates, frameworks, and guided exercises, you’ll gain the confidence to forecast, stress-test assumptions, and present clear, reliable insights for deal evaluation and client reporting.
- Learn general modelling best practices used by investment banking analysts
- Follow a step-by-step checklist for building a three-statement model
- Apply your knowledge through hands-on financial modelling exercises
On successful completion of this topic, students should be able to:
- Be able to create an integrated 3-Statement Financial Model
- Understand how to create own set of forecasts
- Understand the Big Picture benefits of a 3-Statement Financial Model for advising clients
- Know which aspects of this analysis to focus on in interviews
Module 4
Valuation Methodology
Valuation is at the heart of every Investment Banking transaction. In this module, you’ll learn when and how to apply key valuation approaches including comparable company, precedent transaction, and discounted cash flow (DCF) analysis. You’ll strengthen your understanding of market dynamics, refine commercial judgement, and develop the confidence to interpret and communicate valuation outcomes clearly and effectively.
- Learn when to use different valuation methodologies
- Understand the difference between book value and market value
- Explore comparable trading multiples, transaction multiples, and Discounted Cash Flow (DCF)
On successful completion of this topic, students should be able to:
- Understand different valuation methods and the pros/cons of each
- Describe the outputs of analytical tools to your team or clients
- Calculate and interpret ASX company valuation metrics
Module 5
Bringing it All Together
This capstone module teaches you how to transform detailed analysis into clear, strategic recommendations. You’ll learn how to bring together company, market, and valuation outputs into concise, client-focused deliverables that demonstrate commercial understanding. The focus is on structure, clarity, and impact, helping you communicate your insights confidently in both professional settings and interviews.
- Outline a company overview and conduct market analysis
- Provide valuation insights and strategic recommendations
- Highlight the importance of customised solutions for clients
On successful completion of this topic, students should be able to:
- Identify the key outputs of analysis which are of value to Investment Banks and their clients
- Present key outputs in an informative format
- Communicate the big picture in a way that will resonate both in interviews and on the job
Module 6
Interview Skills
Navigating Investment Banking interviews can be challenging, but this module gives you the structure and insider knowledge to stand out. Led by an experienced industry recruiter, it takes you through the five key stages of the process from application to offer, helping you communicate clearly, demonstrate technical and behavioural competence, and present yourself as a confident, job-ready candidate.
- Navigate the five key stages of the Investment Banking interview process
- Gain expert guidance on crafting standout applications and responses
- Learn how to showcase your technical knowledge and soft skills with confidence
- Access sample questions, answers, and a handy interview cheat sheet
On successful completion of this topic, students should be able to:
- Confidently navigate the full interview process from application to offer
- Demonstrate industry-relevant knowledge and polished interview techniques
- Approach interviews with clarity, preparation, and professionalism
Running module 7
Advanced Excel
Excel proficiency is a hallmark of every strong Investment Banking Analyst. This module helps you improve both speed and accuracy through practical instruction on shortcuts, formatting, and formula best practice. With a downloadable cheat sheet and guided exercises, you’ll develop the technical discipline to build clean, professional financial models efficiently and with a high degree of reliability.
Note: this course requires a desktop keyboard with function keys and Microsoft Excel for Windows.
- Master essential keyboard shortcuts
- Apply key formatting principles
- Follow formula best practices
- Access a handy downloadable Excel cheat sheet
On successful completion of this topic, students should be able to:
- Efficiently utilise Excel shortcuts to enhance speed and efficiency in Excel tasks
- Implement effective formatting techniques to improve the clarity and presentation of financial models and reports
- Adopt best practices for formula creation and error-checking, ensuring accuracy and reliability in financial analysis
- Comprehend techniques for minimising errors in complex Excel models, enhancing overall accuracy
Course instructor - Investment Banking - Analyst Training
Phillip Christopher
Phillip Christopher is a finance professional known for his strong educational background and extensive experience in the industry. He earned his Bachelor of Commerce & Economics from the University of Western Australia (UWA) with a GPA of 3.95, having excelled in 32 units, including 29 high distinctions and 3 distinctions. His strong interest in economics led him to teach at the UWA Business School, where he shared his knowledge with students and realised his passion for educating aspiring finance professionals.
In 2011, Phillip began his career as an Analyst at Goldman Sachs, where he gained valuable experience working across domestic and cross border M&A/capital markets advisory for Australian natural resources and infrastructure companies. In 2014, he transitioned into the field of Private Equity with Alceon, where he specialised in mid-market investments across various sectors.
Currently, as an Investment Director with ASX listed investment group Hancock & Gore, Phillip is known for his astute investment strategies and deep understanding of the financial landscape. Phillip is a Graduate of the Australian Institute of Directors (GAICD) and is currently on the board of directors for multiple ASX listed and private companies. In 2022, Phillip co-founded xceeda, a platform dedicated to nurturing and connecting the next generation of finance talent.