well this is my first post, i'm actually taking the course in san francisco on nov. 17th. I can post some details once the program starts. I had a hard time finding legitimate reviews on the progam, in fact i didnt know whether they were legit or not at first.

 

I took their course here, in NY. The program itself is well structured and taught by bankers who worked at analyst and associate levels at some top banks (my instructor had 7 years of experience). Classes are three hours long and cover variety of topics--valuation, financial modeling and so on and forth. In my group we had couple of guys working at well-known hedge-funds,BB firms and couple of undergrad and MBA students. In order to benefit most from this course you need to understand basic accounting and have good knowledge of Excel!!!They cover the basics yet in order to be on a top of things you need to follow and understand material. Also, be prepared to do some homework. It tends to be time consuming especially if you never worked with financial statements. ( it is a big plus for this course because homeworks help with understanding of material.) If you have any questions let me know.

 
Best Response

The program is great. I took it in November. Really good. Highly recommended. HOWEVER, placement is non-existant IMO. They claim a 70% success rate, I have no clue how they qualify their success rate. Im currently at a BB, as were alot of ppl in the course, alot were at boutiques. So Im guessing 50-75% were already in finance but wanted to get into banking. There was one person who was taking it just to enhance his understanding for his current, non-banking position. I doubt 70% is the rate of ppl who get into banking after the course.

Not bad mouthing the class at all. i think it is great. VERY knowledgable instructor. The prev poster was def right about knowing your corp fin/acct/excel. There were some ppl in the class who werent up to snuff on this stuff and it was tough for them to keep up. The class moves very fast, which is good, if you know your stuff. A finance or acct major should not have a problem.

As far as knowing excel, know your way around, know how to enter formulas, how to use the functions. How to navigate easily, etc... so you can keep up with the ex-banker instructor who plays the keyboard like a piano on excel.

The class was really good. I would give it a 9 out of 10. 9 because we had to gloss over interview prep, resume, and pitching etc... we still covered it, but very quickly cuz we took a little longer on other things. Homework is very helpful. I learned alot. Great class. DO NOT TAKE THIS COURSE IF YOU THINK THEY WILL GET YOU A JOB. Give me $2300 instead. They give you some prep materials which is basic corp fin and acct, a sheet of excel keyboard short cuts. the first class is spent reviewing corp fin and acct.

 

Elan, I recently came across the IBI website while researching information on how to break into investment banking. Has the training been of any benefit to you? Have you been able to break into the investment banking field? I have been reading the good and the bad reviews about the training and i'm honestly torn about attending the training.

 
Jenny:
I recently registered myself with IBI course. I am from the IT background and recently graduated with MBA + MS finance degree. Since I don't have any prior finance experience so thought this course might help me get a IB job. Can anyone help me know if the course really helps in getting a job in today's market..

Thanks in advance!

 

I will also offer a course, where I show you how to get banking offers for a low price of 4,000. The reason why the price is a bit high is because this course will only take 10 minutes of your time! PM if interested.

 

i asked the same questions a few weeks ago. someone said that you should be careful of places like that. i spoke with the poeple there and they sent me more information, but when i went to look online for more information about the company i couldnt find anything. if you go, please let us know how it was...

 

A kid in my undergraduate finance class thought it would be a great idea to go to one of those Wall Street Prep classes- teach about valuation, modeling, compsets- general analyst work.

He thought it would be a way to get a leg up on an interview at a BB.

He said at his interview, the questions that were asked were virtually impossible if you have just 4 days of training.

Basically, I am saying i think those things are digging your own grave

anyone agree?

 

A kid in my undergraduate finance class thought it would be a great idea to go to one of those Wall Street Prep classes- teach about valuation, modeling, compsets- general analyst work.

He thought it would be a way to get a leg up on an interview at a BB.

He said at his interview, the questions that were asked were virtually impossible if you have just 4 days of training.

Basically, I am saying i think those things are digging your own grave

anyone agree?

 

I have a copy of what you learn in it, basically it looks to be all financial modeling. So if you have no experience in that it's good. Also, it's good for networking. I'll be taking it in Oct, maybe we will be in the same class? ha ha ha

********"Babies don't cost money, they MAKE money." - Jerri Blank********

********"Babies don't cost money, they MAKE money." - Jerri Blank********
 

I finished the course 2 months ago and I can honestly say it was the most interesting and useful program I have taken, including all my finance classes. They really did not even come close to teaching this kind of material at my university. My two instructors were Ashish Kohli and Dan Kobayashi, both Director level bankers and very knowledgeable. Besides building financial models right from the shell and learning valuation on Excel, my instructors helped me through mock interviews as well interview prep. I cannot say enough good things about them. I still keep in touch with Ashish. The material is difficult unless you practice the modeling on your own as well; this stuff can get complicated quickly. You can retake these classes for free though. Is there anything I did not like about the program? Sure, I felt that some of the material needed to be covered with more time. The 1 month course should probably last a little longer. Before I enrolled in the course I went to see a free class; always a smart move before deciding.

 

If your intent is to use the aforementioned "education" to gain traction at i-banks/ valuation shops, then both your time and money will be wasted A better educational alternative would be the CFA program. Certainly you won't learn how to model financials in excel, but you should have a more thorough understanding of their fundamentals upon completion.

 
CB Yep:
If your intent is to use the aforementioned "education" to gain traction at i-banks/ valuation shops, then both your time and money will be wasted A better educational alternative would be the CFA program. Certainly you won't learn how to model financials in excel, but you should have a more thorough understanding of their fundamentals upon completion.

Sounds like the equivalent of the first portion of any basic modeling course or upper level undergraduate finance class.

 

I took an IBI class and loved it. Definitely taught me the core modeling skills (as well as how to think about models, #s).

See whether a discount is available - sometimes they do this to fill their classes.

Having that class on my resume has definitely been a talking point at various info interviews. What would be your 'other route'?

 
Bodhis:
Anybody ever take a training course from the IB Institute? Can somebody tell me why successful investment bankers leave there jobs to teach courses like these? I'm deciding If I should spend 2k for a month program is worth it.

Personally, don't think it is worth it..unless you have zero technical background and/or zero ability to learn it yourself. Save that cash for the bars and pick up a book and read / google valuation material.

Why do people leave banking for this? Because people are willing to overpay for these courses and it's a hell of a lot easier than banking.

 

Other option, MBA. But a lot of people have been trying to convince me to wait on the MBA until I have at least two years of experience, and b-schools like to see the experience. Only experience I have are a few wealth management internships. I'd bank on this course to bolster my resume a little bit to get an IB analyst positions, or go ER assistant/associate.

 

It will not make your resume any better. The BB and top elite B won't care. The MM shops will care more. You will learn from this course. I took it and I did like it. And like someone said above, you can find the material they teach for free but it takes time to look. If you have the money, just pay for it and they'll teach you the basics.

 

What I liked most about the IB Institute was the banker teaching the course. He was passionate and took a personal interest in his students. With his extra help outside of class we worked on 2 case studies to prepare for my interviews; the LBO of Hilton Hotels and the DCF of WalMart.

 

"Non-elite" like Mendoza at Notre Dame or "non-elite" like University of Phoenix? My guess is that you're having a hard time because most post-MBA job seekers in banking are looking to be an associate off the bat. I can't imagine that any so-called IB institute would make a serious difference in your candidacy and I find it hard to believe that your MBA program did not somehow prepare you for financial analysis, making such a training program redundant.

Really not enough info to evaluate what's best for you: undergrad school, GPA, and most importantly work experience would help.

 

I am actually more than willing to be Analyst because I do lack the financial modeling skills. My MBA program really didn't offer it. I did the dual degree program at St. John's University in NY. I went to a top 25 undergrad school and have all good grades throughout my education, but I have been unable to get any kind of interview in finance whatsover. I am so frustrated as I have been pursuing this for so long and keep hitting road block after road block. Any suggestions would HIGHLY appreciated?

Best,

Michael

 

i did IBI during my freshman summer on weekends while interning at a BB PWM shop. It was a crash course to finance, definitely helped open up many routes. They also help their students with recruiting and polish up your resume. I landed a gig for the upcoming summer of my junior year, so it did work well for me. It's pretty costly though, I had a student discount and it still cost 1700 bucks...

 
ZIRH:
i did IBI during my freshman summer on weekends while interning at a BB PWM shop. It was a crash course to finance, definitely helped open up many routes. They also help their students with recruiting and polish up your resume. I landed a gig for the upcoming summer of my junior year, so it did work well for me. It's pretty costly though, I had a student discount and it still cost 1700 bucks...

My friend got a student discount for 1300--- you should call them up to complain - I know I would

 
RiskyBizness:
You haven't said anything about internships, have you had any? One common route, for undergrads at least, is a PWM internship--->IB internship---->IB full time. If you have zero relevant work experience, maybe you should start on some type of logical path instead of breaking directly into banking.

agreed... internships are the bread and butter of resumes and landing an interview...

you will learn financial modeling as an associate too, and even Harvard MBA doesn't teach you to build models like the ones in IBs, so you don't have to feel like you didn't learn anything in MBA. MBA is more about networking w your peers, analyzing, and leadership/management more than intricate details of the 10k... it's supposed to be well rounded anyway...

 

Networking is your friend. From UM you should have a HUGE network you can use.

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 

Doood, I don't see how another course of study will help. Start hitting your schools' alumni databases. Shoot off emails, can we meet for a cup of coffee, 15min phone call for some career advice, yada yada. Sounds cheesy, but it is a part of the whole Wall St. networking deal.

To get comfortable w/ technical stuff the vault book is good enough, & you could probably download a couple worksheets.

Best of luck, Cans

Professional Bro, J. Cans
 

How long exactly have you been trying to break into banking? You said you went straight from undergrad into your JD/MBA program; did you graduate last spring and have been looking for a year almost at this point? Are you only targeting BB banks?

While some banks are amping up their hiring process, it's still nothing like 2006. I would start setting your sights on some solid MM banks. This forum has a severe superiority complex that tends to paint the middle market as the bastard step child, but ~2 years with a strong MM IBD is excellent experience no matter how you slice it. I did MM for two years and it positioned me very well to take the position I am in now.

No offense, but your story is the perfect example of why I continually encourage people not to go straight from undergrad to a graduate program. There is no substitute for real work experience.

 

I appreciate your honesty and if I had the ability to do things differently, I would have worked for several years then go on to get my MBA (from a more prestigious school). Essentially, I have been applying for I-Banking roles since August 2008 to no avail. I took the Bar exam at the end of July '08 took two week off and then started my hunt for investment banking roles. I applied to both Analyst and Associate roles, but more Analyst roles as I thought that might give me a better chance in this market and given relatively little work experience (except for a few Summer Internships). Regardless, after the Bar I was done with law school and just had to finish up my MBA. I had few credits to take so I literally made it my job to try and get a job. Since August '08 I was only able to land two interviews (1 with Oppenheimer, 1 with Macquarie....both in NY) coincidentally in the same week in October '08. I have continuously try to send out my resume, apply online, contact people in my network (via friends, LinkedIn). I have contacted a number of alumni, but admittedly that is a strategy that I need to take further advantage of. Does anybody have recommendations on what else I can do? I believe that I have been diligent and patient during this whole process. I am extremely determined to break into IB and I will do anything I can do. I started this post because I feel like I am doing something wrong because of lack of tangible results (i.e., no interviews).

Thanks.

 

Man, I think you have a rough road ahead of you, because the banks will look at you and wonder where to place - analyst or associate. You know the reasons why I'm sure from reading the board. I still don't think the institute thing will help, but take a shot at getting a hold of M alum's, associates in my humble opinion, and look for St. John's alums as well.

Have you thought about the restructuring shops/turnaround shops? They may place great value on the JD/MBA considering the nature of bankruptcies/reorgs are both legal and financial issues. Next, I would look at the accounting firms' finance advisory practices. They all have fin advisory and some have IBanking arms. Also, I believe they all have restructuring practices within the groups.... Deloitte's has gotten some decent press from the Dubai World engagement.

Best, Cans

Professional Bro, J. Cans
 

Thanks, I'm glad I got someone on my team. I am so determined despite what a lot of people say. I worked too hard in school and went into too much debt to let the opportunity go by the wayside. I strongly believe I can prove myself if I get that interview. I am more than wiling to bear the grunt as an Analyst for however long it takes.

Thanks.

 

So what about a person like me? I'm thinking of taking the IBI course in Atlanta which is scheduled for January. But here's my dilemma. I'm 27 years old, no college degree, IBI would be my first exposure to the financial industry...besides books I've read. I've told the people at IBI my situation, and they told me that their program would help me break into IB even without a degree. According to them, the only thing IBs care about when hiring an Analyst is their ability to do the work. I took that comment with a grain of salt because their job is to sell enrollments to classes. So I figured they'd tell me anything to get me to go through with it.

I need the honest opinion of someone who truly wants to help. No cynics, no one whose trying to sell their competing product or any IBI salespeople disguised as a forum browser.

 
The Alchemist:
So what about a person like me? I'm thinking of taking the IBI course in Atlanta which is scheduled for January. But here's my dilemma. I'm 27 years old, no college degree, IBI would be my first exposure to the financial industry...besides books I've read. I've told the people at IBI my situation, and they told me that their program would help me break into IB even without a degree. According to them, the only thing IBs care about when hiring an Analyst is their ability to do the work. I took that comment with a grain of salt because their job is to sell enrollments to classes. So I figured they'd tell me anything to get me to go through with it.

I need the honest opinion of someone who truly wants to help. No cynics, no one whose trying to sell their competing product or any IBI salespeople disguised as a forum browser.

I think it will be a huge struggle for you to break into banking without a degree. Trading, maybe. Banking will be extremely difficult. Do you have any credits towards a bachelors?

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Not trying to be a dick here - but please use the search function. Patrick & WSO team invested time and money to improve the search, and it's MUCH better than it used to be. IB Institute, Breaking into Wallstreet (BIWS), Training the Street, Wall Street Prep, and etc. have all been covered ad nauseum in WSO.

In fact, I wrote a post detailing my experience with IB Institute, BIWS, and Wall Street Prep. In short - IBI is decent for high level learning. The instructors do a good job covering accounting and valuation concepts in a simple way for non-finance people - but the modeling aspect done in class is kind of an overview - so those not already equipped with some rudimentary excel and finance experience may get left behind, and they stress the importance of self-study on your own as well (as with most programs - you'll need extra practice outside of the classroom to fully understand everything).

The value-add of IBI is that the instructors are all pretty experienced (Ashish Kohli for example is great and well respected) and they provide one-on-one resume and interview help if asked. And they may get wind of some opportunities. I've heard from others that used it that some used it to recruit students after the session's over - though that may be an isolated event.

But if you want to actually learn the ins and outs of modeling - I would suggest BIWS instead. Cheaper, video access 24-7, more kinds of financial models, and Brian of BIWS is great - answers Qs quickly, and is always updating the program with more tutorials.

 

It’s probably been a while since many business/investment/deal people fully dove back into the true-blue deal mechanics of private equity transactions, m&a, and lbos. This course offers a good refresher on those topics (and others) and does so at great depth if you’re willing to dive in and engage. If you are, it’s a fantastic course. If you’re not or it’s all completely new to you, probably not the best first course. Marc T Farina

 

I am in the same boat as you but I have been looking more into the Anex program because they at least offer some internship time. But I would be interested in finding out what some fellows monkeys who are already in IB think.

The dragon dozes off in the spirit which is its dwelling.
 

My buddy took this course last spring and essentially said he learned very little but that it looked good on his resume. He did not get a job offer nor did any of the others attending (this from him). That being said, attending something like this would show a genuine interest in learning about the industry etc...

 

Hey,

Well, the analysts that interviewed me at boutiques in my area were all from IBI or did some similar program. But it might just be the firms I interviewed for. Don't know too much about recruiters...or HR...I'm sure if its a BB it'll be different than way a MM or boutique might treat the experience.

 

I did IBI back in the summer of 2010 and during one of my interviews with an associate at a BB IBD he pointed it out on my resume (in a positive way). I thought it was a pretty good experience, but before showing up on the day of the class it would be very good to have a solid background in financial accounting. With that, you can really focus on the modeling aspect of the course. Additionally, they give you a lot of 'homework' (which is basically models that you build from a framework at home). While somewhat time consuming, it is very beneficial to do this from start to finish on your own. It will really enhance the return on investment of the course.

 

I took IBI as a junior in undergrad in Washington, DC. I'm currently at a summer internship at a MM IB in NYC.

IBI is not a magic bullet. If the $$$ required to enroll will substantially cost you then it'll probably not be worth it. I only paid around $2000 for mine.

It's a notch on your CV nothing more. Network as much as possible if you choose to do it. Most of the people in it are clueless about investment banking. You're not gonna switch careers just because of IBI, that's what the MBA is for. I just took it to improve my CV and didn't expect much more out of it.

I met some nice people in their mid-20s and even early 30s in IBI but I doubt they ended up in IB afterwards. The two other college kids I met were very bright and from Georgetown and already had offers from BofA for the summer and those are the only kids I think ended up in banking.

As I understand it, the only realistic way to get into IBD is as an analyst right after undergrad or as an Associate after you go to a top MBA program. THAT. Is. It.

 

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