Course 2025-2026 a.y.

Following an introduction that outlines how modern financial institutions develop competitive strategies in the investment banking sector, the course analyzes key business segments and financial products, as well as the financial decisions made by their clients. The curriculum is organized into four modules:

1. Investment Banking
   Overview of the investment banking business model; regulatory and supervisory frameworks with a focus on European and U.S. perspectives, including Basel II and III Capital Adequacy standards.
2. Corporate Finance and Financial Decision-Making
   Fundamentals of corporate finance in an international context; capital structure considerations including the cost of debt and equity; liabilities management (bonds, leasing, mortgages, syndicated loans, hybrid instruments); and company valuation methodologies (multiples, DCF, APV, and real options), with both theoretical foundations and advanced applications.
3. Debt Capital Markets (DCM)
   Structure and execution of domestic and international DCM deals, including underwriting processes and syndicated loan arrangements.
4. Equity Capital Markets (ECM) and Advisory Services
   Topics include private equity, IPOs, and private placements, as well as corporate finance advisory services with a focus on M&A and corporate restructuring transactions.

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

2) describe the main trends in the investment banking markets

3) identify the the key issus and problems of investment banking deals

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

5) illustrate the main features of investment banking deals

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

1) apply all the key concepts in an organized way, to be ready to face any kind of interview for an internship in the investment banking sector

2) analyze the key trends of the investment banking sector to discuss them into group work and interviews

3) evaluate and asses the level of risk and capital structure of investment banks

4) evaluate and asses the demand for investment banking services coming from mid to large corporates

5) discuss the key elements of an investment banking pitch

6) design the key content of an investment banking pitch

• Lectures
• Guest speaker's talks (in class or in distance)
• Practical Exercises

The course is based on high-level face-to-face lectures which represent the key element of the learning experience for students willing to enter the investment banking system. The course will host some high-level selected guest speakers from the investment banking world, with the aim to bring the most-updated evidence of the market. Practical exercises will be crucial as well, with the aim to use the methods behind any investment banking pitch.  

The assessment will be based on two group works and on a final exam. The weight of each group work is 30% and the weight of the final exam is 40%. The final exam is based on 30 multiple choices, based on small cases, exercizes and content driven. 

• 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 exercizes available in the Bboard Platfor.
• Textbook: Caselli S., Gimede G., Tortoroglio A., "Corporate and Investment Banking. A Hands-On Approach", Egea, Milan, 2021.