CFI’s Investment Banking book is free and available for anyone to download as a pdf.
Welcome to the official investment banking eBook from the Corporate Finance Institute. In this 466-page analyst manual, we walk through all the important skills and the body of knowledge required for a new hire at a bank. From accounting fundamentals to valuation, financial modeling, and Excel skills, this eBook cover all the major topics in investment banking for a new analyst or associate. We hope you find this book useful in reaching your future goals.
CFI’s investment banking book is divided into three chapters: accounting, valuation, and financial modeling. Below is a detailed breakdown of what’s included in each chapter.
Investment Banking Book – Accounting (Chapter 1)
The accounting section of CFI’s investment banking book includes:
Accounting and analysis fundamentals
Balance sheet issues
Income statement issues
Cash flow statements
Accounting and analysis for mergers and acquisitions
Accounting for associates and joint ventures
Considerations for investment banking
New M&A accounting rules
Valuation (Chapter 2)
The investment banking book includes:
Discounted cash flow techniques
Estimating free cash flow for valuation purposes
The key value drivers of cash flow
Calculating the terminal value
Putting it all together – DCF with terminal value calculation
Cost of capital
An introduction to risk
Capital asset pricing model (CAPM)
The Cost of Debt and WACC
Comparable company analysis
Why do we do comps?
Sources of information
From Equity Value to Enterprise Value
Keys to success
Precedent transaction analysis
Valuing the target
Problems with precedent transactions
Financial Modeling (Chapter 3)
The financial modeling section of the investment banking book includes:
Best practices financial modeling
Introducing the Ribbon
Quick Access Toolbar
Page Layout menu
Model set up
IF and some other logical functions
Data retrieval – the LOOKUP school
Auditing and error detection tools
Auditing a model – a process
Excel function keys
Below is one of many reviews CFI received from satisfied readers:
“The investment banking manual book covers just about everything you need to know to jump in as a new analyst or associate. For anyone who wants a crash course or refresher on a wide body of knowledge, this is the ebook for you.”
This Investment Banking Analyst book is a great way to jumpstart your banking knowledge. Whether you are going for an interview, or just started on the job, this book is a great way to get a lot of information in one highly organized format. And the best part is…it’s 100% free!
To learn more and advance your career, check out these additional CFI resources:
Below is a break down of subject weightings in the FMVA® financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
Additional Questions & Answers
CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover:
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