Course 2025-2026 a.y.

Following an introduction that explores how global financial institutions develop competitive strategies in the corporate and investment banking sector, the course analyzes key business segments, financial products, and the financial decisions made by clients—including corporates, financial institutions (FIG), and governments. The curriculum is structured into five modules:

1. Corporate and Investment Banking
   An overview of the investment banking business model, including regulatory and supervisory frameworks with a focus on both European and U.S. perspectives. The module covers the evolution of capital adequacy standards, including Basel II, III, and IV.

2. Debt Capital Markets (DCM) and Corporate Lending
   Examination of the structure and execution of domestic and international DCM transactions, including underwriting procedures and syndicated loan arrangements. The module also covers corporate lending practices and pricing methodologies as integral components of debt financing for corporate and investment banking clients.

3. Equity Capital Markets (ECM) and Private Equity
   Analysis of domestic and international ECM deals, including IPOs, private placements, and accelerated bookbuilding (ABB) processes. The module also includes a comprehensive examination of private equity as a key instrument in equity financing for corporate and investment banking clients.

4. Mergers & Acquisitions (M&A) and Advisory Services
   In-depth study of M&A processes, including deal structuring, valuation techniques, due diligence, and negotiation strategies. The module explores the role of investment banks in providing strategic advisory services for acquisitions, divestitures, joint ventures, and other corporate transactions.

5. Corporate Restructuring
   Analysis of financial and operational restructuring strategies used in distressed or transitional corporate scenarios. Topics include debt restructuring, turnaround plans, asset sales, spin-offs, and the advisory role of investment banks in designing and executing restructuring solutions to restore corporate value.

1) define all the key aspects of investment banking system and of all corporate and investment banking deals

2) describe the main trends in the corporate and investment banking markets

3) identify the key issues and problems of corpprate and investment banking deals

4) identify all the main needs of large corporates looking for corporate and investment banking services

5) illustrate the main features of corporate and investment banking deals

6) estimate the cost of capital and the equity value of any corporate looking for corporate and investment banking services

1) To be ready for professional interviews with employers of: the corporate and investment banking industry, consulting services industry and advisory industry

2) to organize corporate and investment banking pitches

3) to organize research report on company's profiles 

4) to understand key dynamics of the corporate and investment banking industry

• Lectures
• Guest speaker's talks (in class or in distance)
• Practical Exercises
• Collaborative Works / Assignments

The teaching methodology emphasizes the importance of face-to-face instruction, encouraging active student participation. As the primary objective of the course is to prepare students for interviews and careers in the corporate and investment banking sectors, the approach also incorporates several practical elements. These include guest lectures by industry professionals, hands-on exercises designed to familiarize students with the tools and practices used by finance practitioners, and both individual and group work aimed at developing real-world pitch presentations across various types of deals.

The assessment will be based alternatively: on two partial exams (50% and 50%); on a final exam. In both cases, exams will be based on open qustions containing small cases, exercizes and content analysis. 

• Slides and ad hoc readings available in the Bboard Platform.
• Text of case studies available in the Bboard Platform via Bocconi Library’s Course Reserves.
• Softwares and exercises available in the Bboard Platfor.
• Textbook: Caselli S., Gimede G., Tortoroglio A., "Corporate and Investment Banking. A Hands-On Approach", Egea, Milan, 2021.