An introduction to investment banking

This course reviews the basic structure of an investment bank. It focuses on the basic activities of the different functional areas including sales and trading, corporate finance, compliance etc

On completion of this course you will:

• gain an understanding of the different parts of the investment bank or Investment Banking Division (IBD)
• know what sales and trading does and the role of research
• know key terms like Chinese wall, LIBOR, derivatives, leveraged finance
• gain an understanding of the capital structure of companies, the split between debt and equity and how leverage increases returns to equity
• understand what bonds and Eurobond markets are and what the Debt Capital Markets (DCM) do
• understand what convertible bonds are, as well as asset backed securities such as MBS and CDOs
• understand what equities (stocks or shares) are and the work of the Equity Capital Markets in both primary issues (IPOs) as a book runner or lead, and in secondary offerings (rights issues)
• understand what mergers and acquisitions are.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date