A F T ’ s 5 0 - h o u r s C e r t i f i c a t e P r o g r a m i n

F i n a n c i a l M o d e l i n g & Va l u a t i o n

AF T- F M V ®

Academy of Financial Training

Mumbai | Pune | Jaipur | Ahmadabad

AFT-FMV®

www.ftacademy.in

Investment bankers (i-bankers) provide a range of financial services to companies, institutions and

governments. They help clients raise capital, provide strategic advice to clients, and identify and secure

new deals. They manage corporate, strategic and financial opportunities, including mergers,

acquisitions, issuing bonds and shares, lending, privatizations, and public issues (IPOs). I-Bankers are

experts at calculating what a business is worth. I-banks are made up of many divisions and investment

bankers perform a range of different functions within them.

Traditionally, i-banking dealt with corporate finance and mergers and acquisitions (M&A). The definition

has blurred in recent years and may also include trading bonds and shares. Large trading decisions have

to be backed up by solid research about the health of the company (investee). An Equity Research

Analyst provides traders with this research also generates investment ideas such as finding an

undervalued sector or company.

I-Banks seek strong academics, in-depth knowledge of finance and capital markets, solid skills in handling

spreadsheet, report-writing and presentation tools. Salaries of i-bankers and star research analysts has

always been a driver of aspirations for the sector. Boutique firms and KPOs tend to pay less than others at

entry level. Though, you might actually be better off taking less, as in the long run, the quality of

experience you get and the strength of the people you will work with are far more important than how

much you get paid.

Through AFT-FMV®, we back up your strong academic education and financial skills, with practical

training on corporate finance and valuation methods, business research and financial modeling, MS-

Excel skills. Most importantly, we provide you with networking opportunities and access to the entry-level

jobs in Investment Banking

corporate finance

Graduation /

Post Graduation

(B.Com, B.Tech.

MBA)

Work - Ex Networking /

Access

Practical Training

Rewarding Career in Corporate Finance

Strong Academics / Professional Certification

Extra-Academic Aspects of Access to Profiles

Professional

Degree (CA,

CS, CFA®)

weekly schedule

Advanced Excel for Finance

• Basics of Excel for Finance (Keyboard shortcuts, key functions, tools used in modelling)

• Basic Functions: IF, nested IF, AND/OR, SUMPRODUCT • Advanced: OFFSET, VLOOKUP, INDEX, INDIRECT, CHOOSE • Formatting tools: Conditional formatting, cell naming, tables • Others: Pivot tables, Auto filters, Scenario Manager

Business Research & Financial Analysis

• Primary, secondary sources of information, Databases, Intelligent search tips • Analyzing Annual Reports, Financial statements analysis & commentary • Ratio Analysis: Liquidity, Solvency, Credit, Profitability, Valuation ratios • Company Analyses: Revenue/Cost analysis, understanding company business

model, operational benchmarking, capital structure study • Analysis of business trends and Macro-economic patterns

Financial Modelling - I

• Building Basic financial model from scratch • Standard calculation templates (Dashboard, Historical Trends, Revenue &

Costs, Depreciation, Tax, Working Capital, Project Cost, Debt, Equity, Output)

Financial Modelling - II

• Advanced Revenue and cost build-up • Green-field vs. Brown-field Project evaluation tools (Project Cost, Means of

Finance) • Balancing the Model, Circular References, Error Checking tools • Special adjustments, normalization • Advanced modeling concepts, sensitivity analysis • Best Practices

Industry Specific Case Studies

• Case-studies on sector-wise revenue, costs buildup, Key thumb rules • Competitive landscape study by industries • Modeling (Revenue build-up) cases for various sectors including

• manufacturing, • services, • infrastructure and • real estate

Valuation & Output Analysis

• Testing Outputs, Introduction to business valuations • ‘Asset Value’ vs. ‘Equity Value’ • Intrinsic valuation methods– DCF • DCF Concepts: PV, UFCF, LFCF, WACC (CAPM, beta), Terminal Value (Growth,

Exit multiple method)

wk1

W

k2

wk3

W

k4

wk5

Financial Modelling - II

Financial Modelling - I

Business Research & Financial Analysis

Advanced Excel for Finance

Industry Specific Case Studies

Week 1

Wk 5

Wk 2 Wk 3

Wk 4

Valuation & Output Analysis

wk6

The 50-hours AFT-Financial Modeling &

Valuation Certification Program covers key

areas (both academic and practical) that

any business analyst, Banking or Research

professional is expected to know, i.e.

business analysis, trends identification,

ratios and interpretation of financial

statements, Financial Modeling and DCF

Valuation

The program draws from the best of

analyst/new-joinee training & orientation

practices followed by global investment

banks and consultancy firms.

Wk 6

~50 hours (6 weekends) classroom training by experienced investment

bankers, research analysts

Interview related feedback at different levels by working investment

bankers and equity research professionals, Interview FAQ Manual

AFTGuide™ to Concepts in Excel, Modeling and Valuation, Financial

Models on various sectors, handouts of class presentations

Hands-on knowledge in MS-Excel, Concepts in Finance, Capital

Markets, Sector-wise drivers, Financial Modeling & valuation, basis of

Information Memorandum preparation

Probable Internship opportunities

AFT advantage

Guest Sessions from working i-bankers and ER analysts to help you

understand life as a banker, career strategy, and of course, network!

CV Preparation assistance and referrals

Learn to extract information from public data and smart search

techniques

Certification from a renowned Institute in Finance

AFT-FMV’s Training content with focus on best practices followed by world class firms is based on actual training programs of world class i-banks. (Theory to Practical Ratio – 90:10). It is full of Live-case studies, real-life examples for better understanding of complicated modeling and valuation structures with a focus on understanding age-old fundamentals by practical applications

An initial Screen Test and review of CVs ensures that students and professionals have basic background of Financial Services can enter the program. A batch size of less than 20 professionals ensures not only personalized training and quick query resolution but also networking opportunities with other classmates and guest lecturers.

Final Assignments and Certification increase candidates’ marketability to potential employers. Even after the end of the program, our faculty continue to mentor and provide the students required placement assistance (including pre-interview preparation, mock-interviews, referrals etc)

Chandeep Chhabra: He started his career with Accenture in Bangalore as an Analyst. He later moved

to with WORBUS International, where he was involved in JV and collaboration advisory for auto

companies. He also worked with the Investment Banking team of Prabhudas Lilladher. He carries a

work experience of ~3 years and is a Commerce Graduate and an MBA from University of Pune

Ashutosh Zawar: Ashutosh has ~6 years of experience ranging from Auditing, Investment Banking,

Project Finance. Before co-founding AFT, he worked for >3 years with the Project Finance team at

IDFC. He has worked on sectors such as Healthcare, Education, Telecom and Energy. Before IDFC, he

worked with the Investment Banking team at Morgan Stanley. He is rank-holder CA and a Commerce

Graduate from University of Pune. He has >1,000 hours of professional training experience

Mithil Pawar: Mithil worked with Morgan Stanley (MS) in Mumbai and Hong Kong for >4 years

before co-founding AFT. He worked in Investment Banking team, focusing on Private Equity (PE)

advisory. He was consistently involved in designing materials and imparting training to new recruits

in financial modeling, valuation, PE buyouts at MS. He is rank-holder CA and a Commerce

Graduate from University of Pune. He has >1,500 hours of professional training experience.

faculty profiles

Ashutosh Prajapati: He is a rank-holder CA with >7 years of Work Experience in Investment Banking. Of

this, more than 5 years of work experience with Edelweiss, the Indian Financial Services giant. He has

worked on some of the noted public issues in the Indian Capital Market space. His experience also

includes around 2 years at Morgan Stanley’s Investment Banking team covering Financial Sponsors

Naina Gaud: Naina is a rank-holder CA with >7 years of work experience with the Investment

Banking division of Morgan Stanley. At MS, she was a part of the Real Estate team advising funds,

and corporate in the sector. She has rich experience in modeling, IPO and M&A pitches, as well as

MS-Excel, VBA tools and Macros. She is a Commerce Graduate from Podar College, Mumbai.

Chetan Mantri: Chetan, a co-founder of AFT, oversees finance division at Pune based Innoventive

Group (US$200MM group), and works as an investor representative in OPAL, a portfolio company.

His areas of work include handling IPO process, tying up funds for group portfolio companies,

screening potential targets. He is CA and a Commerce graduate from University of Pune

Sameer Agrawal: Sameer, one of the key faculty members at AFT, is also a visiting faculty at IIPM

(Jaipur) and ICFAI Business School (Jaipur). He is also a co-author of NCFM Module on Introduction to

Investment Banking. Prior to with AFT, he worked with Morgan Stanley and IDFC, as a part of the

Project Finance team. He is a rank-holder CA and a CFA (USA). He graduated with a distinction in

Commerce from St. Xaviers College, Kolkata. He has >2,000 hours of professional training experience.

Deepak: He has >7 years of Investment Banking experience across diverse sectors. He currently

works with a leading Indian Investment Bank, JM Financial. He worked with Axis Bank and Morgan

Stanley prior to this. He is a CA and Commerce graduate from University of Mumbai. Deepak has

keen interest in professional training and also has over 300 hours professional training experience

AFT’s faculty pool has over 100+ years of cumulative work experience and more than 10,000 hours of professional training experience. These are professionals working with world-class investment banks like Morgan Stanley, Citigroup, Goldman Sachs and domestic stalwarts like IDFC, Edelweiss, JM Financial, Axis Bank in their i-banking , research, private equity teams.

Some of our experts on Investment Banking & Equity Research are noted here

Financial Intermediaries

(Corporate clients, Stock Exchange)

They contribute content, vouch AFT trainings

Academy of Financial Training (AFT) is a professional training company, engaged in

providing practical industry oriented finance training to individual professionals and

learning solutions to corporate and institutional clients. AFT operates in niche and

diverse verticals of financial education including derivatives, financial modeling, equity

research, valuation and professional certification exams like CFA®, FRM®, CPA®, CFP®,

CIMA®, CMT® etc

AFT’s world class teaching techniques help you make connection between theory and

application. They feature complex practice simulations and problems not found in other

materials, designed to help you digest and understand complex financial theory

AFT has trained more then 3,000 students/professionals across the above domains and

helped a lot of them secure respectable positions across financial industry. Our average

passing rates for professional certifications are 20-30% above the global passing rates

consistently since past few years

AFT brings in rich professional experience from various verticals under the financial

services umbrella Our pool of working professionals brings an edge to the training

(Content and Delivery) in terms of up-to-date practical knowledge.

about AFT

Academy

of

Financial

Training

(AFT)

University / Professional bodies

They certify AFT’s programs,

AFT ‘s Test prep. programs

such as CFA, FRM

AFT as a Trainings / Placement partner

Colleges and Academic Institutions

Corporate Clients

Retail Trainings,

Open Workshops for

Students, Professionals

Empanelled Trainers

(Working Professionals)

AFT as a Training partner, value-added Recruitment partner

AFT : Connecting Dots between Industry and Academics

why AFT

TESTIMONIALS OF PAST STUDENTS

The learning material was really exhaustive and very informative…something that I would use in

most of my future assignments and presentations.

Dimple Jain, BRICS Securities (Associate, Investment Banking)

It helped me to really boost my confidence about financial modeling & valuation due to its more

structural approach. I liked learning an it due to usage of lot of examples used that what makes a

difference!!

Aniket Bagve, PUG Securities (Associate, Investment Banking)

It was an enlightening program as it not only covered critical aspects of the sectors chosen to

teach but also made us realize the exhaustive things that we tend to ignore.

Sandesh Shejwal, Fortress Financial Services (Associate, Infrastructure Advisory Team)

Good use of current market examples on companies and recent scenarios. Simple use of logic to

understand different financial processes. Good information flow

Saurabh K, Engineering Student at BITS Pilani

Useful aspects of the training program

- Alternative formulas which are simpler than the one’s we use daily were taught

- Macro creation / alternatives were explained neatly

- New formulas / keyboard shortcuts which can be used daily were informed

Bharti Parwani, Manager, IL&FS Financial Services (Manager, Project Debt Syndication)

AFT has launched the 50-hour AFT-FMV® program after years of training hundreds of students and professionals with various versions of its flagship Weekend Investment Banking & Equity Research Training Program across Mumbai, Pune, Delhi, Bangalore and Jaipur. AFT has also conducted similar programs for corporates like IL&FS Financial Services, General Electric (GE), Deutsche Bank, SIDBI, RBS, Fortress Financial Services. AFT is the training partner for renowned schools and B-Schools such as Indira, MIT, HNIMR, IFIM, NM College, BITS Pilani.

Here’s is a sample of what many of our past participants have to say about AFT:

’’

‘‘

AFT’s past attendees are using the practical skill-sets in Corporate Finance and Financial Modeling at some of the World class financial services firms, boutique investment banking companies, asset management firms (Private Equity (PE), Mutual Funds (MF)), finance KPOs as well as corporate finance teams of companies operating in various sectors from tourism, clean energy, automotive to real estate

Disclaimers: Laptops & Computers: Candidates are advised to bring their own laptops for the training. AFT can arrange the computers subject to reasonable notice and at an additional cost

Cancellation policy: AFT reserves the right to cancel course dates if enrollment is insufficient. If AFT cancels a class, all payments will be refunded in full. All requests for cancellation must be in writing and received by AFT by the following deadlines: cancellations number of days before the first day of class: 30 days: 10% cancellation fee; less than 30 days: 25% cancellation fee; less than 10 days: 50% cancellation fee.

Training Venue: Subject to business conditions, AFT reserves a right to change the training venue before or during the program, with a notice of 7 days

How to register Post clearing of AFT’s Screening Test, you can do either of the following:

Register online at www.ftacademy.in Mail this form to: ‘Financial Training Academy Pvt. Ltd.’ along with cheque for fees at 210, Avon Arcade, D.J. Road, Vile Parle (W), Mumbai

– 400 056

Call us at: +91 22 9167247821/2

Email us at: info@ftacademy.in

Fees for the program Classroom learning Option – Rs.18,000 plus Tax

registration

• CA, MBA, CFA, FRM, CPA, CFP, MMS,

B.Com, M.Com and other graduates

• Professionals aspiring to be Investment

Bankers, Equity research analysts,

Institutional Equity sales executives,

private equity analysts

Who can attend (Subject to clearing

the screening test)