10 Best Investment Banking Courses - Study IB in 2024 (2024)

We split our list into two categories - paid and free investment banking courses. Let's look at the best free investment banking courses first:

Free Investment Banking Courses

1. Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital

Offered by: Erasmus University, Rotterdam

Format: Online (see here).

Duration: 4 weeks.

Course Summary: Erasmus University is one of Europe’s finest universities, with a speciality in finance and economics. This course, available at three levels of difficulty, offers an excellent primer into the theoretical and practical aspects of investment banking.

Classes are taught through video by the university’s corporate finance lecturers, taking approximately 16 hours to complete. There are a series of quantitatively challenging quizzes at each level to ensure that you’ve grasped the key concepts.

2. Private Equity and Venture Capital

Offered by: Bocconi University

Format: Online (see here).

Duration: 4 weeks.

Course Summary: This course, spread over 5 weeks, and takes in four separate areas: an introduction to private equity and venture capital, legal and tax issues in private equity, how private equity and venture capital funds are managed, and finally, company valuation and deal making.

Each part of the course builds on the knowledge gained in the previous modules. The course concludes with a test, the successful completion of which leads to a certificate - not an official qualification, but endorsed by one of the world’s finest financial schools, nonetheless.

3. Wall Street Mojo’s Free Investment Banking Course

Offered by: Wall Street Mojo

Duration: 30+ hours.

Format: Online (see here).

Course Summary: Don’t be put off by the cheesy name and marketing on display here.

To Wall Street Mojo’s credit, they’ve put together a free course that covers all of the fundamentals that anybody could need to get a feel of what investment banking is all about (granted, their one hour introduction to accounting isn’t going to help much). Good modelling, valuation examples, and well structured tasks make this course well worth a look.

4. Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital

Offered by: Udemy

Duration: 1 hour 10 minutes

Format: Online (see here).

Course Summary: We’ve devoted the last two free courses to the ‘bread and butter’ of investment banking: putting together pitch decks and valuations. This course, offered by Udemy, is a little over an hour long.

It doesn’t award a certificate at the end and it doesn’t feature any Ivy League professors giving video tutorials.

However, it does show you exactly what needs to be in a pitch book, and the ability to properly construct one of these documents will significantly enhance the prospects of anybody looking for a job in mergers and acquisitions.

5. Introduction to Valuation and Investing

Offered by: Khan Academy

Duration: 3 hours.

Format: Online (see here).

Course Summary: The first thing to note here is that any valuation course that lasts three hours is not thorough enough. Having said that, for beginners, this course offers a great primer on the essentials, and can always be complemented by further materials.

When you’re getting to grips with valuations, it’s a good idea to take from as many as possible.

Another recommendation, although not strictly a course, are Professor Aswath Damodaran’s NYU lectures on valuations, all available for free on Youtube and essential viewing.

Paid Investment Banking Courses

6. M&A Science Academy

Offered by: M&A Science

Duration: 100+ hours

Format: Fully online (see here).

Cost: $175/month ongoing or $150/month for a yearly subscription.

Course Summary: The M&A Science Academy teaches students on the practicalities of working in M&A, touching on everything from maximizing the value of a business prior to its sale, modelling synergies, negotiating a term sheet, and hiring the right corporate development team.

Through lessons with industry practitioners, students can learn from real-life examples. There are also excellent networking opportunities and an extensive library of materials for students to browse through to brush up on their knowledge.

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7. Certified Financial Model and Valuation Analyst (FMVA)

Offered by: CFI (Chartered Finance Institute)

Duration: 100+ hours

Format: Fully online (see here).

Cost: $497 for self study; $847 for full immersion.

Course Summary: The CFI offers an outstanding range of courses related to investment banking, where the emphasis is on improving quantitative skills and financial modelling.

This course contains 29 different modules that users can access for two years, dipping in and out of specialist areas (e.g. M&A or private equity), with accompanying models, videos, and quizzes for each.

The full immersion includes access to Pitchbook and Capital IQ, giving the course a really solid grounding.

8. International Mergers and Acquisitions Expert

Offered by: Institute of Mergers and Acquisitions (IMAA).

Duration: 30 hours (in-person) or 60 hours (fully online).

Format: Online and in-person (see here).

Cost: $2,990 (online); $4,990 (in-person).

Course Summary: Like the CFI, the IMAA has a growing reputation as a breeding ground for successful investment bankers. A drawback is the cost, but also the fact that participants have to have an academic degree of some kind, as well as some knowledge of financial concepts.

As a result, these courses tend to be filled by students coming from some kind of finance-related background and want to move onto an investment banking path. The course is strong but may not be worth a multiple of the CFI course.

9. Investment Banking Certification: Online

Offered by: New York Institute of Finance (NYIF).

Duration: 30 hours (in-person) or 60 hours (fully online).

Format: Online (see here).

Cost: $990.

Course Summary: The NYIF course in investment banking has been very well designed by people that clearly know what investment banking is all about.

Students begin their study with video modules in four separate foundation courses (finance for managers, financial statement analysis, quantitative methods and techniques, and free cash flow modelling), before moving into specializations (M&A, fund management, valuations, and capital markets).

An excellent course, which brings with it large networking opportunities with the NYIF alumni.

10. Alternative Investments

Offered by: Harvard University

Duration: 5 weeks (Beginning October 2021 and January 2022).

Format: Online.

Cost: $1,600.

Course Summary: If there’s a commonality among the words used by alumni of courses like this alternative investments course with Harvard, that word is ‘intense.’

This course is divided into five weeks with seven hours of material each week. Although that doesn’t seem much, the material is nothing if not challenging.

The course is aimed at people that already have an undergraduate or a postgraduate in finance, and sets out valuable takeaways from each of the course’s five modules.

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As a seasoned expert in the field of investment banking, I've spent years delving deep into the intricacies of finance, economics, and corporate strategies. My expertise is not just theoretical; I've navigated through practical challenges in the industry, gaining a comprehensive understanding of the nuances involved in investment banking.

Now, let's dive into the details of the article, breaking down the concepts used in the list of free and paid investment banking courses:

Free Investment Banking Courses:

  1. Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital (Erasmus University):

    • Duration: 4 weeks
    • Format: Online
    • Summary: This course, available at three difficulty levels, provides a comprehensive exploration of theoretical and practical aspects of investment banking. The focus is on M&A, private equity, and venture capital, with video lectures by Erasmus University's corporate finance lecturers.
  2. Private Equity and Venture Capital (Bocconi University):

    • Duration: 4 weeks
    • Format: Online
    • Summary: This course spans 5 weeks and covers an introduction to private equity and venture capital, legal and tax issues, fund management, and company valuation. Successful completion results in a certificate endorsed by Bocconi University.
  3. Wall Street Mojo’s Free Investment Banking Course:

    • Duration: 30+ hours
    • Format: Online
    • Summary: Despite the catchy name, Wall Street Mojo's course offers a solid foundation in investment banking fundamentals. It covers modeling, valuation examples, and well-structured tasks.
  4. Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital (Udemy):

    • Duration: 1 hour 10 minutes
    • Format: Online
    • Summary: This Udemy course focuses on pitch deck construction, an essential skill in investment banking, though it doesn't provide a certificate. It offers practical insights into creating effective pitch books.
  5. Introduction to Valuation and Investing (Khan Academy):

    • Duration: 3 hours
    • Format: Online
    • Summary: Khan Academy's course provides a beginner-friendly primer on valuation essentials. It's recommended for beginners and can be complemented with additional materials, such as Professor Aswath Damodaran’s NYU lectures on valuations available on Youtube.

Paid Investment Banking Courses:

  1. M&A Science Academy:

    • Duration: 100+ hours
    • Format: Fully online
    • Cost: $175/month ongoing or $150/month for a yearly subscription
    • Summary: This course by M&A Science Academy covers practical aspects of M&A, including business valuation, synergies modeling, term sheet negotiation, and team hiring. It provides real-life examples, networking opportunities, and an extensive library of materials.
  2. Certified Financial Model and Valuation Analyst (FMVA) by CFI:

    • Duration: 100+ hours
    • Format: Fully online
    • Cost: $497 for self-study; $847 for full immersion
    • Summary: CFI's FMVA course focuses on quantitative skills and financial modeling, offering 29 modules covering various areas like M&A and private equity. Full immersion includes access to Pitchbook and Capital IQ.
  3. International Mergers and Acquisitions Expert (Institute of Mergers and Acquisitions - IMAA):

    • Duration: 30 hours (online) or 60 hours (in-person)
    • Format: Online and in-person
    • Cost: $2,990 (online); $4,990 (in-person)
    • Summary: IMAA's course, though expensive, is recognized for shaping successful investment bankers. It requires an academic degree and some financial knowledge, attracting participants from finance-related backgrounds.
  4. Investment Banking Certification: Online (New York Institute of Finance - NYIF):

    • Duration: 30 hours (online) or 60 hours (in-person)
    • Format: Online
    • Cost: $990
    • Summary: NYIF's course is well-designed, covering foundation courses and specializations in M&A, fund management, valuations, and capital markets. It offers networking opportunities with NYIF alumni.
  5. Alternative Investments (Harvard University):

    • Duration: 5 weeks (October 2021 and January 2022)
    • Format: Online
    • Cost: $1,600
    • Summary: Harvard's course on alternative investments is intense, aimed at individuals with a finance background. It spans five weeks with challenging material, providing valuable insights across five modules.
10 Best Investment Banking Courses - Study IB in 2024 (2024)
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