Investor Training Program
At the end of ITP, all students who wish to become certified take a final exam and give a stock pitch. Those who complete the course satisfactorily will become certified and have the opportunity to interview to become Analysts.
Introduction to Markets, Economics, and a Career in Finance — Exchanges and indices, inflation and interest rates, financial institutions.
Equities, Debt, and Other Investments — Characteristics of stocks, bonds, and alternative securities.
Fundamentals of Investing — Risk and return, diversification, beta, cost of capital.
Financial Statements — The three statements, basic principles of accounting.
Valuation — Valuation overview, Enterprise vs. Equity Value, financial ratios, Trading & Transaction Multiples, Leveraged Buyouts.
Discounted Cash Flow Analysis — Unlevered Free Cash Flow, terminal value, discounting, implied share price.
Discounted Cash Flow Analysis Workshop — Students create own models, learn Excel.
Interview Questions and Mastering the Statements — Three statement practice, sample questions for Investment Banking and Sales & Trading interviews.
Sample Stock Pitch + Working Day — Pitch examples, stock picking, working day.
Final Exam & Stock Pitch — Comprehensive final exam, group stock pitches presented to I-Club Executive Board.