Breaking Into Wall Street

Master Financial Modeling for Investment Banking

48,569+ Customers Join the 48,569+ students and professionals who have already used this course to win interviews and job offers
Ace Your Interviews Everything you need to answer the technical questions and complete case studies and modeling tests with confidence
Unmatched Support Lifetime access, 24 months of support, and a 90-day money-back guarantee
Globally Relevant The only financial modeling course with examples from North America, Europe, Asia, and Australia

Master Financial Modeling with the Two Most Important Keys to Success:

You can read endlessly about “financial modeling” online, but most content fails to explain how and why you use modeling skills in real life.

Financial modeling training must prepare you for interviews, case studies, and the job itself, but most courses fall short by focusing on only one of these.

The Financial Modeling Mastery Course offers all of that – and more.

The course is organized around the key topics of interview prep and on-the-job templates and examples, and you get plenty in each category:

1) Prepare for interviews with practice exercises, case studies, and modeling tests.

The course features a metric ton of different case studies and modeling tests, ranging from simple, 30-minute exercises up to 4-hour and 1-week tests.

There are examples that start with blank Excel sheets, ones that start with pre-filled templates, and ones that start with some data but no real template.

We walk you through how to complete each one and answer the questions with video tutorials, written notes, and guides – and you can ask questions about anything along the way.

“Putting in the reps” makes you faster and more efficient, but it’s also the best way to learn the concepts at a deep level so you can ace your interviews without “memorizing” anything.

Oh, and if you’re pressed for time, you’ll also get a “study plan” document with options for 8-hour, 20-hour, and 2-3-week plans to learn the most important concepts.

2) Outperform on the job with more complex Excel templates, examples, and walkthroughs of the full research-and-model-building process.

What if you’re working full time, and your VP or MD gives you a week to analyze a company and build a pitch deck or presentation for it?

Or what if you get assigned to a new deal, such as a spin-off or an M&A deal with quarterly projections and an unknown close date, and you need templates that can deal with that complexity and uncertainty?

This course gives you the tools for these scenarios, including more advanced, open-ended case studies.

The Financial Modeling Mastery Course is designed around these two critical topics.

Yes, it has a ton of other material, including written guides, notes for all the lessons, quiz questions, and an end-of-course certification quiz…

…but if you ace your interviews and outperform on the job, what else do you really need?

What You Get – And What the BIWS Financial Modeling Mastery Course Will Do for You…

When you’re interviewing for internships and full-time positions at investment banks, you’ll always get a few questions over and over…

  • How much do you know about accounting?
  • Can you walk me through a valuation?
  • What happens in a merger model or LBO model when you adjust the assumptions…
  • How would you describe your financial modeling skills?

When you master real-world techniques and case studies, you have a significantly better chance of landing prime jobs and internships with the top investment banks, private equity firms, and hedge funds.

The Financial Modeling Mastery course helps you gain all that real-world knowledge via video-based training created by investment bankers.

You’ll get a total of 336 videos – everything you need to beat the competition in interviews and get a head start before you start working. You’ll also get detailed written guides and word-for-word transcripts to make it easier to scan and review the topics.

MUCH MORE THAN THEORY

We base everything in the Financial Modeling Mastery course on what investment bankers and other finance professionals actually do in real life:

  • To gain the proper background, you’ll start by learning key accounting and finance concepts with examples based on real companies, such as Target and Best Buy; you’ll learn how the financial statements link together and how you can analyze them with key metrics and ratios.
  • Then, you’ll move into the “global case studies,” which include companies such as Monster Beverage (U.S.), Stadler Rail (Switzerland), Coles (Australia), EasyJet (U.K.), Vivendi (France), Steel Dynamics (U.S.), Jazz Pharmaceuticals (U.S.), Builders FirstSource / BMC Stock Holdings (U.S.), SunPower / Maxeon (U.S. and Singapore), Fortum / Uniper (Finland and Germany), NichiiGakkan (Japan), Great Canadian Gaming Corporation (Canada), Viridor (U.K.), Cars.com (U.S.), Kakao / Daum (Korea), and Netflix (U.S.).
  • In each case study, you’ll analyze a company or deal, build a model, and then make an investment recommendation or recommend the proper price and deal structure – and you’ll answer written questions about each one. This is the type of work you do all day in investment banking, private equity, and hedge funds.

Through these case studies, you’ll discover how to:

  • Build 3-statement projection models and answer accounting questions in interviews.
  • Understand Equity Value and Enterprise Value at a deep level – way beyond whatever the paid monkey army on Investopedia or Wikipedia says about these concepts!
  • Value a company – including how to find public comps and precedent transaction, how to build a DCF model, and how to use the valuation output in a stock pitch, a pitch book, and an equity research report.
  • Create merger models – including how to combine and adjust the financial statements, evaluate accretion/dilution
    and other metrics, and how to use the model to advise clients on their best options.
  • Build LBO models, from the transaction assumptions to the debt schedules, financial projections, cash flows, and calculations of the IRR and money-on-money multiples – and the investment recommendation at the end.

The information you’ll find is so detailed and so thorough that our customers regularly come from top-ranked universities, investment banks, and business schools.

Once you’ve completed the training, here’s what you’ll be able to write on your resume or CV:

CV

John Doe

Curriculum Vitae

EXPERIENCE:

Financial Modeling Mastery (BIWS)

  • Completed modeling tutorials based on case studies of companies and deals in North America, Europe, Asia, and Australia
  • Built 3-statement projection model for EasyJet (U.K.) based on airline’s key drivers for revenue, expenses, and cash flows; concluded that company could not use 100% Debt for future financing needs and would have to use 75% Equity and 25% Debt instead
  • Valued Jazz Pharmaceuticals based on drug-by-drug financial projections and Public Comps, Precedent Transactions, and 10-year DCF analysis; concluded that company was undervalued by 30-70% and made Long recommendation
  • Completed LBO model for Bain Capital’s $1 billion USD leveraged buyout of NichiiGakkan (Japan); recommended deal due to high chance of 30%+ IRR even in downside cases due to acquisition at historically low EBITDA multiple
  • Awarded Financial Modeling Certification by passing evaluation quiz with score above 90%

Gain Official Recognition of Your Training With BIWS Certifications

After completing the course materials, you’ll be eligible to take our challenging Certification Quiz. Once you earn a score of at least 90%, you’ll receive a personalized Certificate of Achievement with your name, the course name, and the date you passed the quiz:

You can add your certificate to your resume/CV or use it in interviews to set yourself apart from other candidates.

We also make sure employers know how challenging the certification process is: Your certificate will contain a link where prospective employers can review what’s on our exams and what you must answer correctly to pass.

Unlike other training companies that “issue certifications,” our process is completely transparent: you can point to the exact questions you had to answer to pass the quiz and become certified.

Take A Look at What You’ll Get Immediately After Signing Up…

  • Module 1: Modeling Overview and Core Concepts
    In this introductory module, you’ll learn what "financial modeling" means, how you use it in real life, and the core concepts required to understand the rest of this course, including the time value of money, Present Value and Net Present Value, the Discount Rate, and the Internal Rate of Return (IRR).
  • Module 2: Accounting Concepts, the Financial Statements, and Interview Questions
    We’ll explore accounting from a business perspective, and we’ll drill down using examples of our online business to teach you how and why the financial statements work the way they do. You'll also learn how to answer common interview questions, including both single-step and multi-step scenarios, and how more advanced items, such as Operating Leases, Net Operating Losses, and Deferred Taxes, work.
  • Module 3: More Advanced Accounting
    You'll learn about the Book Value, Face Value, and Market Value of Debt here, as well as Issuance Fees and Original Issue Discount (OID); other topics include Equity Investments and Noncontrolling Interests, the tax treatment of Stock-Based Compensation, Unrealized Gains and Losses, FIFO vs. LIFO for Inventory, and Pension Accounting for defined-benefit pension plans.
  • Module 4: Projecting the 3 Statements (Monster, Stadler Rail, and Coles)
    In this module, you’ll complete 30-minute, 60-minute, and 2-hour case studies based on 3-statement projection models for companies in different industries and regions. You'll learn how to build models starting from both templates and blank sheets and how to simplify the data, make reasonable forecasts, and make recommendations to the companies based on the output.
  • Module 5: More Advanced 3-Statement Projections (EasyJet)
    In this module, you'll complete a 3-statement modeling test for EasyJet starting from a blank Excel sheet, and you'll learn how to create half-year projections and a full debt & equity schedule to assess the company's financing requirements in different scenarios. You'll also learn how to project revenue, expenses, and cash flow based on airline drivers such as ASKs, Load Factors, and Passenger Yields.
  • Module 6: Equity Value, Enterprise Value, and Multiples (Target, Vivendi, and Zendesk)
    In this module, you’ll learn how to calculate Equity Value, Enterprise Value, and Valuation Multiples for companies that follow U.S. GAAP and IFRS, as well as the core concepts everything - including how items like Equity Investments, Noncontrolling Interests, Pensions, Leases, and Net Operating Losses factor into the calculations.
  • Module 7: 3-Hour Valuation and DCF Case Study from Blank Sheet (Steel Dynamics)
    In this module, you’ll complete a 3-hour valuation and DCF case study based on Steel Dynamics, a leading steel manufacturing company in the U.S., and you'll learn how to project Free Cash Flow, calculate the Discount Rate, estimate Terminal Value, and use Public Comps and Precedent Transactions. A bonus lesson includes a similar analysis for Xiwang Special Steel in China.
  • Module 8: 1-Week, Open-Ended Valuation and DCF Case Study (Jazz Pharmaceuticals)
    In this module, you’ll complete a 1-week “take home” valuation and DCF case study based on Jazz Pharmaceuticals, a specialty pharmaceutical company that develops orphan drugs in the neuroscience, oncology, and epilepsy markets. You'll project revenue for its existing and pipeline drugs, add stub periods and the mid-year convention to the DCF, and complete Public Comps and Precedent Transactions using corporate filings.
  • Module 9: Valuation Interpretation, Real-Life Usage, and Supplemental Methodologies
    In this module, you’ll learn how to apply and interpret a valuation in real life by creating a short stock pitch (for hedge fund and asset management roles), equity research report, and investment banking pitch book for Jazz Pharmaceuticals based on the valuation and DCF analysis from the previous module. You'll also learn about supplemental valuation methodologies, such as the Levered DCF, the Dividend Discount Model (DDM), the Future Share Price Analysis, the Liquidation Valuation, NOL Valuation, and variations of Sum of the Parts (SOTP) Analysis.
  • Module 10: M&A Concepts and Full Merger Model (Builders FirstSource and BMC Stock Holdings)
    In this case study, you’ll analyze Builders FirstSource's $2.5 billion acquisition of BMC Stock Holdings and complete both 60-minute and 3-hour versions of the model. You'll also learn about fundamental M&A concepts in the first few lessons, such as deal types, payment methods, public vs. private company assumptions, and Equity Value and Enterprise Value in M&A. The last few lessons of the more advanced case study cover M&A valuation, contribution analysis, and value creation analysis.
  • Module 11: More Advanced Merger Models (Multiple Case Studies)
    You'll complete a more advanced version of the Builders FirstSource / BMC model here, including quarterly projections and stock vs. asset vs. 338(h)(10) treatment, and you'll complete additional case studies on SunPower's spinoff of Maxeon and a Sum-of-the-Parts valuation for the deal and Fortum's acquisition of a majority stake in Uniper (including variable close dates and stub-period financial statements). Each case study includes a presentation or questions and answers at the end.
  • Module 12: Leveraged Buyouts and LBO Models (Multiple Case Studies)
    You'll complete multiple case studies in this module, ranging from a simple LBO model to a paper LBO model to 60-minute, 90-minute, and 3-hour modeling tests based on a variety of companies and deals (including a private company in Germany, Bain's leveraged buyout of nursing-home operator NichiiGakkan in Japan, and Apollo's buyout of the Great Canadian Gaming Corporation). You'll learn how to build models quickly and efficiently, answer case study questions, and complete modeling tests starting from scratch and starting from templates.
  • Module 13: More Advanced LBO Models (Viridor and Cars.com)
    You will build a more advanced LBO model based on KKR's buyout of Viridor (divestiture from Pennon Group) in the U.K., with features such as stub periods, a dividend recap, and management earn-outs; you'll also make investment recommendations to both the equity investors and the lenders. The second case study is an open-ended "take home" one based on Cars.com, in which you complete industry research, build your own model, and make an investment recommendation at the end.
  • Module 14: Private Company, Venture Capital, and SaaS Modeling and Valuation (Multiple Case Studies)
    You'll complete two main case studies in this module: one for a "small business" startup, including granular revenue and expense projections, and the second for a pre-IPO startup that is comparing its exit options (M&A vs. IPO vs. SPAC). You'll get a crash course on Software-as-a-Service (SaaS) modeling, private company valuation, and capitalization tables, flow of funds analysis, and venture capital modeling. An optional/bonus lesson at the end covers a reverse merger between Kakao and Daum in South Korea.
  • Module 15: Equity vs. Debt vs. Convertible Bond Analysis from a Blank Sheet (Netflix) (1-Week Case Study)
    In this case study, you'll advise Netflix on the best way to finance its upcoming $4 billion in debt maturities via debt vs. equity vs. convertible bond options. You'll also learn the fundamentals of bond analysis, including the Yield to Maturity (YTM), duration, convexity, and other key metrics, and you'll value the company's potential convertible bond and estimate its blended cost and potential dilution under different structures.
Global Financial Modeling Case Studies
The case studies in the Financial Modeling Mastery course give you a truly global perspective that even many experienced investment bankers lack.

Our Customers Love
Breaking Into Wall Street

At last count, over 48,569+ students, entry-level professionals and career changers have used Breaking Into Wall Street to master financial modeling, win interviews, and break into high-paying jobs in investment banking, private equity, hedge funds, equity research, and more.

Take a look at what some of them have to say (these are actual unedited email screenshots… a few details have been blacked out to protect customers’ privacy.)

“Great news, I just got a full-time offer in IB J.P. Morgan in London!! Your courses have been absolutely key in achieving this.”

“I used your course to build up my financial skills and then wrote my own research and finanical model on Ryanair. I sent this off to a VC, who hired me soon after. I was then transferred to a hedge fund, where I find myself working now - applying the skills you have taught me.”

“I purchased the Financial Modeling and Bank Modeling coursework, and was blown away at the depth of the material. In particular, the accounting material helped me the most. Especially since it was all brought into the context of M&A, as opposed to an Accounting 101 class.”

“I moved from being a tax accountant/lawyer with a Big4 accounting firm to now working in the investments team of a PE fund. This would not have been possible without the core grounding I got from your practical courses in financial modeling.”

“I worked in this role for a little over a year and I was recently offered a position at a PE firm in NYC. I had modeling tests and case studies that I passed with ease because [of] everything that I had done in my down time with BIWS, especially the merger/LBO tutorials.”

“I managed to get a Leveraged Finance internship offer at BNP Paribas thanks to your Excel & Fundamentals course.”

“Three months later, I'm an extremely happy chappy!”

“Your method of training and how focused you are on the necessary techniques to be productive in the office is what makes these courses genuine and unique, and is precisely what I need.”

“I just landed a job in a private equity fund, and I could not have done it without this course.”

“To make up for my lack of financial work experience I listed Modeling Fundamentals on my resume as I was doing it, with a few highlights of case studies completed. So far it has piqued [the] interest of Lazard in Paris, HSBC in London, among others.”

Our Interactive Learning Portal Is Your Roadmap to Fast Understanding and Quick Answers from Our Expert Support Team

Here's a sample video from the Financial Modeling Mastery course so you can see for yourself exactly what you'll get:

Equity Value to Enterprise Value Calculations ("The Bridge") - Click here to view a large version of the video and get all the files and resources.

And here's another sample video from the M&A and merger model lessons:

Merger Model - Income Statement Combination - Click here to view a large version of the video and get all the files and resources.

Plus Expert Support From Experienced
Investment Bankers

Just moments after you enroll, you’ll receive Instant Access to the entire course.

But that’s not the best part.

The best part is expert support, for a full 24 months after purchase!

If there’s anything at all you don’t understand, just go to the “Question/Comment” area below each and every lesson, and ask your question there.

These comments are monitored and responded to by our expert support team – every one of whom has personal experience working on deals at investment banks, private equity firms, and other finance firms.

That ensures that you’ll get responses from people with deep experience in the field – not a clueless high school temp clutching the “Help Desk” manual.

This personalized, expert support is one of the things that sets Breaking Into Wall Street apart and gets you to your goals more quickly.

You can often learn just as much from reading other students’ questions and our responses, as you will from the lessons themselves!

Our 1-on-1 coaching rate is $200+ per hour. But when you invest in the BIWS Financial Modeling Mastery Course, personal support is included for FREE.

NOTE: There are some limitations to these support services. For example, we cannot complete models, case studies, or homework assignments for you.

We also cannot provide play-by-play support with an earpiece during interviews.

We’re happy to answer career-related, qualitative, and technical questions that are related to the course materials.

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One of the Most Important – and Valuable – Investments You’ll Ever Make in Your Investment Banking Career…

If you went to a seminar to learn everything in the Financial Modeling Mastery course, it would cost you upwards of $10,000… plus your time and travel expenses.

But I always like to offer more value at a lower price than alternatives.

That’s why I’ve priced the entire course at just one payment of $397.

At this “no-brainer” price, this will be one of the best investments you ever make in your career.

Click here to sign up now.

And when the strategies and techniques you learn in the Financial Modeling Mastery course help you land an internship or a six-figure full-time job at an investment bank, you’ll recoup the investment within your first day in the office.

Our 90-Day, No-Questions-Asked, Money-Back
Guarantee Means You Take No Risk

Take 90 days to evaluate everything inside the program, and if you’re not 100% satisfied, simply contact us via the ‘Contact’ link displayed on every page of our website and ask for your money back. We’ll refund your investment, no questions asked.

There is absolutely no risk to you at all, and there never will be.

Here’s What Will Happen Within
Minutes of You Signing Up

Once you sign up, you’ll immediately have access to the 336 instructional videos, the detailed written guides, the transcripts and subtitles, all the Excel files, and the full curriculum. And you’ll have access to our expert support team to ask whatever questions you need, for a full 24 months after purchase.

A Simple Choice...

You can hope that an investment bank hires you without accounting, valuation, and financial modeling skills… good luck to you there…

Or you can confidently tell banks you’ve invested in dozens of hours of financial modeling training based on 15+ global case studies authored by experienced investment bankers.

I know you’ll make the right choice.

Click here now to order Financial Modeling Mastery.

To YOUR success,

Breaking Into Wall Street Founder

P.S. If you are seeking to gain an edge in your interviews, during your summer internship, or even during your first few years in IB, PE, or hedge funds, this course will give you that edge.

It will give you everything you need to master the accounting, valuation, and financial modeling required on the job without spending 2-3 years as an Analyst or Associate first. Nothing beats real deal experience, but this course is the next best thing. Enroll now, and you’ll have access to everything in just a few short minutes.

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