Corporate Training: Overview

Our interactive course modules are Excel-based and specialize in advanced and complex financial modeling, valuation modeling, investment banking, mergers & acquisitions and leveraged buyout training topics.

Investment Banking

  • Financial Modeling
  • Valuation Modeling
  • Merger Modeling
  • LBO Modeling

Equity Research

  • Channel Checks
  • Catalysts for Growth
  • Industry Drivers
  • Drivers of Growth

Credit Analysis

  • Leverage/Solvency
  • Capital Structure
  • Distressed Investing
  • Covenants Analysis

Hedge Funds

  • Technical Analysis
  • Trading Strategies
  • Portfolio Mgmt
  • Risk Management

The end goal is for trainees to learn fundamental financial analytics and master advanced topics on Wall Street. Combined with our training methodology, we guarantee that students will hit the ground running immediately after our training.

To get a feel for our materials and teaching style, register for a free trial of our online courses today.

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Corporate In-House Training Topics

Our corporate in-house training can accomodate a variety of class sizes and course topics. Please contact us with any inquiries.


We provide a systematic and rigorous approach to actual, hands-on modeling. Our fully-integrated, video-based learning platform is extremely robust and provides:

  • Faster Advanced Learning: We provide more advanced topics, which enable our participants to learn faster and gain an excessive amount knowledge in a shorter time frame
  • Dynamic Interactive Teaching: We use a highly interactive, dynamic teaching approach and style that is more down to earth and at the audiences level, not boring academics! - link to advantage
  • Real World Scenarios: Our courses & training modules replicate real world scenarios, the best method to execute our "exactly how it's done on Wall Street" approach
  • New Hire Programs: We cater towards entry-level, first-year Analysts with little financial experience, through Associates and beyond our more advanced training
  • Pre- and Post- Training Assessments: From the planning phase to free lifetime support, we collaborate closely with our clients and students to maximize the impact of our training

Take a look at a few case studies that cover the success stories of several past clients.

What is Training+ and how does it make us better trainers?
It all started with one little request to "build me the best model" ...

Project: Build a super-dynamic, scalable sector coverage model for a sell-side equity research analyst

Result: Combined qualitative drivers of growth & channel checks into quantitative financial model

Project: Standardize a US-based regulator's data analysis tools and capabilities post-2008 credit crisis

Result: Streamlined 12 different offices' methodologies to improve efficiency and effectiveness

Project: Integrate bank valuation model with macro-economic stress testing and cost analysis

Result: Helped a bank regulator design their approach to core, mission critical analysis and logic

Training+ is our way of staying active in financial services and constantly adapting our courses to industry dynamics. Our programs are carefully designed to go beyond your typical financial modeling and Excel class:

Market Insights

  • Direct insight to market participants and regulators
  • Incorporate new knowledge back into our training courses
  • Most up-to-date information on industry-wide best practices

Process Improvement

  • Workflow and process improvement beyond Excel
  • Improve efficiencies and internal standardization
  • Substantial and measurable leaps in productivity

Best Practices

  • Not only saves time, but adds another layer of quality control
  • Focus on client peace of mind by validating analyses
  • Strict adherence to technical modeling standards

Case Studies

Explore some of our recent Training+ projects below by clicking on some of our corporate client work below.

1. Quantifying Drivers of Growth (Sell-Side Research)

Client: A bulge bracket investment bank's sell-side research analyst who wanted to upgrade his team's financial modeling capabilities to better quantify their qualitative analysis.

Challenge: The head analyst was an industry expert who understood the drivers of growth in his coverage universe but wanted to improve his team's financial models to better quantify their catalysts. In addition, their models weren't standardized despite the consistency in the coverage companies' reporting metric and analysis required. The mandate was to "build me the best model on the Street for my sector."

Solution: We sat down with the analyst and his research associates and translated knowledge of key drivers into quantitative analysis by building an extremely scalable, robust model to facilitate sector coverage. Our success was validated when almost immediately after transitioning their coverage universe to the new template, they were the first team to identify a $2 billion liquidity shortfall for one of their names.

While we agree with the ages-old adage of "garbage in, garbage out," if you know your stuff inside and out, we'll build you the best model to go along with it.

2. Buy-Side Consulting (Asset Management)

Client: A large buy-side asset manager facing rapid growth in AUM who wanted to manage headcount growth without sacrificing quality.

Challenge: The challenge here was two-fold: (i) standardize best practices for each portfolio manager, and (ii) increase the number of coverage companies per research analyst while maintaining integrity of analysis.

Solution: A two-phase solution was implemented: first, WST provided financial modeling training courses to disseminate the best practices that we preach; then, we worked with the client to provide customized training & standardization for each team of portfolio manager and research analysts. A key hurdle that we overcame was that each team had their own approach and industry-specific drivers of growth. However, once the first phase (the 80% of the 80/20 rule) was implemented, the second phase was executed much quicker and painlessly than initially expected.

3. Advanced Data Analytics (U.S. Regulator)

Client: A federal regulatory agency responsible for policing the United States securities industry looking to upgrade their staff's technical capabilities in data analysis.

Challenge: Individual examiners on the same team and across different offices were analyzing the same data in multiple ways and formats (Microsoft Excel vs. Microsoft Access). On top of a lack of standardization across the agency, massive data dumps were taking too long to sift through individually and manually. The client needed a uniform approach that was the most efficient and easy to implement for some of the seasoned professionals.

Solution: We learned the client's various existing analyses and approaches to data analytics and custom designed a standardized approach and methodology. This required merging the best components of their existing approach and designing further streamlined procedures. We then delivered the new processes and recommendations by training the client's staff across all regional offices and assisted in implementing system-wide efficiencies.

4. Valuation Modeling (Private Equity)

Client: A top 5 private equity firm that needed assistance in internal valuation.

Challenge: The CFO's team of accountants and valuation experts were constrained with their existing accounting system and financial reporting structure. The lack of customization functionalities meant that several high-profile and time-sensitive analyses could not be constructed in a timely basis. Furthermore, additional complexities included the dynamic nature of the data, multiple hierarchies and cross holdings that could result in double- and triple-counting and constant need to produce updated reports.

Solution: Our innate understanding of how private equity firms are structured allowed us to quickly learn the multi-dimensional constraints with the client's data. Then we custom-built analyses and models via close collaboration with key members of the CFO's team, leading to a visualization of the entire number-crunching process required and an end result that enabled the rest of the team to implement long-term solutions via their accounting system.

This is a classic example of process re-engineering: by first understanding the existing process and constraints, coupled with the "wish list," we helped enable the client's ability to respond to dynamic and intensive reporting environment.

5. Corporate Business Development (Multinational Conglomerate)

Client: A Fortune 100 multinational conglomerate that is highly active in strategic acquisitions, joint ventures and divestitures of non-core assets.

Challenge: The client's global reach includes operations in more than 150 countries around the world. Small teams of corporate business development professionals are scattered across multiple locations and industry verticals. The challenge was how to efficiently disseminate a standardized, and yet customizable approach to the team's growing financial modeling needs.

Solution: We constructed custom-built modules on top of our most advanced merger modeling courses that mirrored the client's typical deal structures. We continue to train all their existing professionals and lateral and new hires, helping to further standardize the client's internal best practices. Thus far, we have trained the client's professional executives in all continents except Antarctica.

6. Emerging Market Development Modeling

Client: A family office that controls the oil assets of an emerging market economy and wanted to diversify their investments beyond oil.

Challenge: The client has a solid understanding of the economics of the country's main commodity, but needed some guidance on quantifying and sensitizing the returns of the assets they wanted to diversity into and further expand. In addition, the returns needed to be shown on a standalone basis as well as a consolidated basis.

Solution: We worked with the client's staff and key consultants to understand the nuances of each non-oil asset in their portfolio and built them a fully dynamic, robust model that was easily scalable. This allowed the client to quantify the risks and rewards of their current portfolio holdings. Moreover, the approach we took with the client mirrored our strict methodology to model building: "build me a dynamic model, not a static analysis!"

Corporate Training Client List

Selected past and present corporate clients include the following:

  • Elevate all employees' skills set in an extremely cost-effective manner
  • Standardize learning firmwide - everyone learns same content and gains same base of knowledge
  • Hone and instill Wall Street's best practices internally, on a company-wide basis
  • Maximize learning as employees can learn at their own pace and review content as often as they wish
Investment Banks
  • Bank of America Merrill Lynch
  • Benfield Advisory
  • CIBC Equity Research (now Oppenheimer)
  • CIBC High Yield Research (now Oppenheimer)
  • Oppenheimer Investment Banking (formerly CIBC)
  • Citigroup
  • Credit Suisse Group
  • Deutsche Bank
  • Fredericks Michael & Co.
  • Goldman Sachs
  • Grail Partners
  • Greenhill Investment Banking
  • Guy Carpenter / MMC Securities
  • Hales & Company
  • Lazard Investment Banking Asia
  • Morgan Stanley
  • Needham & Company
  • Simmons & Company International
  • TD Securities Investment Banking
  • Updata Advisors
  • vFinance
Asset Management & Sell-Side Research
  • AB Capital
  • Broadpoint
  • Capital Group Companies
  • Champlain Investments
  • CLSA Asia
  • Fidelity Management & Research
  • ICAP
  • JPMorgan Asset Management
  • JPMorgan Private Bank
  • J&W Seligman
  • Kennedy Capital Management
  • Kimelman & Baird LLC
  • Lehman Brothers Equity Research (now Barclays)
  • Loomis Sayles & Company
  • Sidoti & Company
  • Wellington Management
Private Equity & Hedge Funds
  • Barlow Partners Inc
  • GE Global Business Development
  • GE Private Equity
  • Greywolf Capital
  • Pomona Capital
  • TPG (Texas Pacific Group)
  • Unifund Asset Management
  • World Bank - IFC (International Finance Corp)
Commercial Banks & Credit
  • Bank of Tokyo - Mitsubishi UFJ
  • CIT Group
  • Commerzbank
  • FitchRatings
  • HypoVereinsbank (HVB Group)
  • ING Leveraged Finance Group
  • UOB (United Overseas Bank) Investment Banking
  • Wells Fargo
Corporations & Other
  • Alliance of Merger & Acquisition Advisors
  • Dow Jones Indexes
  • FactSet Research Systems
  • Hormel Foods
  • Inroads
  • Lexis Nexis Martindale-Hubbell
  • MetLife (Metropolitan Life Insurance Company)
  • Nationwide Insurance
  • Phillip Morris
  • PricewaterhouseCoopers Transaction Services
  • SEIU
  • The Deal
Third-Party Affiliations
  • CFA Institute Member Societies Professional Development Partners:
    • New York Society of Security Analysts
    • Hong Kong Society of Financial Analysts
    • Boston Security Analysts Society
    • CFA Society of Chicago
    • CFA Society of San Francisco
    • CFA Society of Toronto
    • CFA China (Shanghai and Beijing)
    • CFA Singapore
    • Stamford CFA Society
  • New York Institute of Finance
  • Former Adjunct Professor at NYU Stern, Baruch College, and Hunter College (Hamilton Lin)

Corporate Attendees

In addition to our clients, below is a partial list of companies from which employees have attended our courses:

  • A.M. Best Company
  • ABN AMRO Bank
  • ACE Group
  • Aegis Insurance Services
  • AIG Global Investment Group
  • Alliance Bernstein
  • Alliance Capital
  • Alternative Investment Management
  • AMBAC Financial Group, Inc.
  • American Appraisal Associates
  • American Express Financial Advisors
  • Arnhold & S. Bleichroeder, Inc.
  • Barclays Capital
  • Baring Asset Management
  • Bear Stearns (formerly)
  • Blackstone Group
  • BNP Paribas
  • Brown Brothers Harriman
  • Calyon Financial
  • Cantor Fitzgerald
  • Capital Bridge
  • Caxton Associates
  • Cendant Corporation
  • Chubb & Son Insurance Group
  • Deloitte & Touche LLP
  • Dresdner Kleinwort Wasserstein
  • Duff & Phelps, LLC
  • DZ Bank AG
  • Eaton Vance Management
  • Emigrant Savings Bank
  • EnTrust Capital
  • Ernst & Young
  • Evergreen Investments
  • F.L. Putnam Investment Mgt., Co.
  • Federal Reserve Bank of NY
  • Fiduciary Trust Co., Int'l.
  • First Albany Capital
  • FMV Opinions, Inc.
  • General Atlantic Partners
  • Gerson Lehrman Group
  • Goldman, Sachs & Co.
  • HSBC Asset Management Inc.
  • Innovest Strategic Value Advisors
  • Instinet Group
  • Legg Mason
  • Merrill Lynch & Co.
  • Moody's Investors Service
  • Morgan Stanley
  • MSD Capital LP
  • Neuberger Berman, LLC
  • New York Life Insurance Company
  • Oppenheimer & Co., Inc.
  • Perry Capital
  • Pershing LLC
  • PricewaterhouseCoopers
  • Prudential Investments
  • Putnam Investments
  • Societe Generale
  • Standard & Poor's
  • State Street Global Advisors
  • Thomson Financial
  • UBS