Business Essentials Program

Romero Mentoring

Romero Mentoring Business Essentials Program: Learn Financial Modeling & Other Skills Investment Banks Want

Learn Financial Modeling & Other Skills Investment Banks Want

Who Is The Program’s Target Audience?

For anyone considering a career in corporate finance and is looking to gain professional analyst skills and learn the practical application. In that case, this program is right for you.

Program Description

The Business Essentials Program is designed to teach students all the technical skills needed for a career in corporate finance. These skills are applied by finance professionals each day on the job. You can complete the program at your own pace with self-study training that covers major topics like financial modeling, mergers & acquisitions, and investment banking soft skills. It is comprised of training lectures, technical assignments, investment case studies, and interview and resumes workshops.

Curriculum

The Business Essentials program curriculum comprises of 18 modules, 74 hours of course content, 3 case studies, 12 financial modeling exercises, career development training and introduction to stock investing.

  1. Stock Investing Course
  2. Business & Analyst Training
  3. Case Studies
  4. Career Development

Introduction to Stock investing

Introduction to the following topics: Investing principles, the stock market, and advance investing strategies.

Module 1. Introduction to Stocks Strategies Preview:

  • Module 1. Introduction To Stocks Strategies
  • Module 2. Event Driven Investing Strategy
  • Module 3. Alpha Stock Growth Strategy
  • Module 4. Price Action &  Scanning for Opportunities
  • Module 5. Introduction to Technical Analysis
  • Module 6. Stock Market Sentiment
  • Module 7. Introduction to Valuation
  • Module 8. Performing Due Diligence
  • Module 9. Introduction to Options
  • Module 10. Portfolio and Risk Management

Business & Analyst Training PLUS

Module 14. Leveraged Buyout Preview:

  • Module 11. Business Fundamentals: learn Excel, accounting principles, analyze financial statements and how to perform company due diligence
  • Module 12. Financial Modeling: learn how to forecast an income statement, balance sheet, cash flow statement, and supporting schedules
  • Module 13. Corporate Valuation: learn comparable company analysis, precedent transactions, discounted cash flow, and sum of parts valuation
  • Module 14. Leveraged Buyout: learn, sources of financing, uses, goodwill, pro-forma balance sheet, debt & credit ratio schedules, IRR calculations, and more (utilized mainly by private equity analysts & associates)
  • Module 15. Mergers & Acquisitions: learn accretion/dilution analysis, target consideration, pro-forma adjustments, Sources, Uses, Goodwill, and more (utilized mainly by investment banking analysts/associates)

Career Development

  • Module 16. Careers in Finance
  • Module 17: Resume Workshop
  • Module 18: Interview prep

Case Studies

Learn how to build 3 investment cases from scratch applying your analyst professional skills. Consider this your hedge fund investment or interview case study projects.

eBay LBO Case Study Preview:

  • 2021 eBay LBO Case
  • 2020 Amazon Investment case
  • 2020 Domino’s Pizza Case

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Content Preview

Assignments

The Business Essentials Program assignments are grounded in best industry practices giving you a complete immersion into the world of a professional analyst. You will master the skills applied by professionals on Wall Street each day. By the end of the course, you will have a strong understanding of stock analysis, company valuation, and structuring an investment case.

With this program you will build the right professional skills that employers are looking for. In our program you will learn the skills applied by investment bankers, hedge funds, and private equity analysts on the job each day.

Topics Covered

  • Stock investing principles
  • Financial statements modeling and building scenarios
  • Valuation methodologies
  • Building comparable company analysis
  • Choosing the appropriate set of comps
  • Source of public information
  • Calculating Equity & Enterprise value
  • Adjustments: non-recurring items
  • Relevant trading / leverage multiples
  • Discounted Cash Flow methodology
  • Calculating WACC
  • Estimating terminal value (exit multiple vs. perpetuity growth rate)
  • Determining valuation ranges with sensitivity analysis
  • Arriving to an implied valuation range
  • Precedent transaction comparable
  • Technical analysis
  • And much more

Why is learning the financial modeling skills taught in this program important?

For The College Students

For the thousands of college or high school students pursuing business and finance careers (380,000+ just in the US), learning technical skills used in the field is crucial for success.[1] Financial modeling, corporate valuation, and leveraged buyout, and mergers & acquisition modeling are all utilized heavily in the field. Some of the top professions where entry-level analysts must possess these necessary skills include:

  • Investment Banking Analyst, salary ($100k – $160k): The analysts in investment banking assist clients in raising money through the issuance of securities, in carrying out mergers & acquisitions transactions, and in investing in unique opportunities such as derivatives. They are required to have deep knowledge in all the skills taught in the Business Essentials Program, especially financial modeling. Those in the Mergers & Acquisitions division will be required to know mergers & acquisitions modeling and will have the opportunity to learn about several industries, different company structures, negotiating skills, risk, and the importance of efficiency.[2] Moreover, investment banking is a highly competitive field, with thousands of applicants vying for an offer every year and only 4.9% make it through.
  • Equity Research Analyst, salary ($85k – $120k): Analysts here are responsible for producing industry- or stock-specific research reports, earnings projections, and offer buy or sell recommendations. They utilize financial modeling and corporate valuation techniques heavily in their work.
  • Hedge Fund Analyst, salary ($120k – $250k): These analysts utilize quantitative and fundamental research to identify assets to trade that are in line with the fund’s specific trading strategy and mandate. They rely on financial modeling, corporate valuation, and many other techniques to find opportunities in the markets.
  • Private Equity Analyst ($120k – $250k): The analysts in private equity firms are part of the deal process that is carried out by the firm in the private markets. They utilize financial modeling and leveraged buyouts modeling heavily to analyze and monitor data, look for potential investment opportunities for their firm, and raise capital from outside investors.

Despite the number of highly desirable careers that require these skills, they are rarely taught in a college classroom. Thus, college and high school students interested in these paths must seek the knowledge from outside sources.

For The Entrepreneurs 

For the 25 million entrepreneurs operating their businesses in the US, financial modeling is a great tool to help project those businesses’ financials and map out their long-term growth. If these businesses are looking to acquire others or be acquired, learning the fundaments behind mergers & acquisitions is crucial. Moreover, learning how to value their own businesses as well as those of competitors is key for anyone looking to make an exit or pursue new projects.

For The Retail Investor

For the millions of retail investors evaluating companies to add to their portfolios, learning these skills is needed to improve their selection process. Financial modeling will help them project a company’s future performance and cash flows. Understanding mergers & acquisitions will help them take either a long or a short side on potential deals to potentially profit off of the outcome. These two skills combined with corporate valuation will allow them to assess the fundamental value of a business and begin investing like a professional.

Finally, for anyone who does not fall into the above categories, the skills mentioned can still be a great way to expand one’s skillset. Every year, millions of individuals passionate about business and finance seek to view the businesses and economies around them through an investment banking lens. Thus, they add financial modeling, corporate valuation, and mergers & acquisitions knowledge to their arsenal with the goal of becoming better professionals, investors, and members of society.

What You’ll Learn

  • Investing in the stock market
  • Accounting principles
  • Excel crash course
  • How to perform company due diligence
  • How to build a custom three statement financial model
  • How to value a company from a professional analyst perspective
  • The essentials of discounted cash flow analysis modeling using Excel
  • How to perform sensitivity analysis table
  • Terminal EBITDA & DCF valuation methods
  • Perpetuity DCF valuation method
  • Football Field analysis
  • How to spread trading comps
  • How to create an investment presentation
  • How to size an industry
  • Many more concepts

eBay LBO Case Study Overview (7 hours) 

Our case study examines eBay’s board of director’s decision to spinoff PayPal in July 2015 in a deal worth ~$48 billion. The decision has made eBay less competitive. Since the PayPal spinoff, eBay’s stock price has unperformed the technology QQQ ETF, PayPal stock, and its biggest competitor, Amazon. We analyze the board’s reasons behind splitting the two businesses. We also explore a potential $63 billion leveraged buyout of eBay by building an LBO model and performing due diligence.

Amazon Inc. Case Study Overview (13 hours)  

In 2020 Amazon.com, Inc. (AMZN) stock price had increased ~24% outperforming most of the stock market by about 36 percentage points. This case study covers key events that caused Amazon’s stock price to increase. We also discuss valuation analysis to determine if the stock price is currently undervalued or fairly valued by the market. Learn how to analyze a company like a real investment analyst, from scratch, and execute its financial modeling, valuation, and investment presentation with detailed guidance every step of the way. 

Domino’s Pizza, Inc. (14 hours)

This case study teaches how a market professional applies financial Modeling, valuation, and technical analysis techniques to value a business. Students learn how to use judgment and solve difficulties when valuating public companies. Domino’s Pizza, Inc. stock was up ~18% in 2019. Is DPZ stock reasonably priced, or is the market mispricing future value?

Our student in action

Build Fundamental Professional Skills in:

  • Investment banking
  • Hedge funds
  • Private equity
  • Corporate development
  • Equity research

Are There Any Course Requirements or Prerequisites?

  • You should have a strong commitment to learning a new skill
  • You will need Microsoft Excel and PowerPoint 2007, 2010 or newer version
  • Everything you’ll need is included in this program

Who This Course is For:

  • Anyone pursuing a career in corporate finance looking to acquire the core technical and soft skills professionals on Wall Street implement on the job
  • Students looking to learn more about investing in the stock market
  • Anyone looking to learn financial modeling, company valuation and stock analysis skills

Our Story:

Luis Romero, founder of Romero Mentoring, spent five years developing an analyst training program that he wishes he had when he was in college – especially one that gave him access to a complete training and finance internship experience that could advance his career. Since no opportunity like this existed to him at the time, Luis went through a stressful recruiting process like so many others have. He successfully landed a full-time job offer upon graduation and worked as an M&A analyst at Credit Suisse in NYC for two years. He then moved to the buy-side as a junior trader and analyst. After gaining experience there, he created his own fund, Romero Capital, and later become an instructor in financial modeling and valuation. After working with hundreds of professionals and analysts, Luis became committed to creating his own mentoring program because he understood the crucial need for a hands-on, personal experience in the competitive world of finance.


Sources:

  1. NECS. “Table 322.10. Bachelor’s degrees conferred by postsecondary institutions, by field of study”. Digest of Education Statistics. Nov. 2019.
  2. Shah, Aaditya. “Mergers and Acquisitions: A Brief Guide on M&A”. Romero Mentoring. 8 Jun. 2021.

About the Author

Romero Mentoring

Romero Mentoring provides investment banking career programs for students and professionals. Our programs transform our mentees into highly skilled professionals through personal one-on-one mentoring, advanced technical training, and internship experience not found anywhere else.