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Risk & Return: Making Investments in Equity Securities
Chirag Malkani
Chirag Malkani
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Risk & Return: Making Investments in Equity Securities

Learn how professional investors evaluate, model, and discuss investment opportunities.

Register today
Apply now
Fridays
 at
12:00
P.M.
 ET /
9:00
A.M.
PT
8 weeks, 2-3 hours per week
Intermediate
No experience required
No experience required
Some experience required
Degree and experience required

Description

Pensions, colleges, and nations across the world rely on investment firms to generate financial returns to support the long-term needs of their retirees, students, and citizens.

In this Build Project, you’ll learn how investors decide to invest in businesses by donning the hat of an analyst entering an investment firm that is in the process of acquiring a public company. Under the guidance of an experienced industry expert, you will identify a potential investment opportunity, analyze the company’s performance, and build an Excel financial model to value it.  

You’ll synthesize your findings to create your own investment memo in PowerPoint—skills critical to succeeding in entry-level roles across financial planning, accounting, banking, investment management and consulting. Entry-level roles in such fields typically pay upwards of $60-80K per year.

Session timeline

  • Applications open
    May 27, 2024
  • Application deadline
    June 23, 2024
  • Project start date
    Week of July 8, 2024
    Week of
    July 8, 2024
  • Project end date
    Week of

What you will learn

  • Understand and calculate the key financial metrics investors use to evaluate businesses, using a variety of data sources
  • Build forecasts and financial models in Microsoft Excel to help value businesses and investments
  • Prepare and present investment memorandums to describe and support potential investment opportunities
Build Projects are 8-week experiences that operate on a rolling basis. Selected participants engage in weekly live workshops with a Build Fellow and 2-15 other students.

Project workshops

1
Introductions and Prepping for Success
2
Company Capitalization and Investment
3
Valuation Techniques
4
Investment Thesis Development
5
Comparable Public Company Analysis
6
Introductory Financial Modeling
7
Intermediate Financial Modeling
8
Investment Committee Presentations

Prerequisites

  • A basic understanding of accounting principles (e.g., revenue, cost of goods sold, profits) and finance concepts (e.g., equity, debt)
  • Some existing exposure to basic statistical concepts (mean, median, mode, quartiles, etc.) and data visualization techniques (bar graphs, bubble plots, etc.)
  • Past experience using Microsoft Excel or Google Sheets (experience performing basic sums, products, etc.)
  • An interest in financial markets, and a desire to develop the “investor toolkit” and learn how professional investors evaluate investment opportunities 
  • Strong oral and written communication skills, with a desire to discuss, debate, and share your thoughts with others

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About the expert
Chirag Malkani
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Chirag
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Chirag is an Associate at AVALT, a private equity firm, where he is responsible for sourcing, due diligence, and execution of transactions across industrial services. Prior to joining AVALT, Chirag was an Associate Consultant at Bain & Company where he supported clients across retail, software, and private equity with addressing key strategic issues.

Chirag was born and raised in Mumbai and spent his early years in Singapore. He graduated from Amherst College with a BA in Mathematics and Dartmouth College with a BE in Electrical Engineering.