Course 2025-2026 a.y.

Following an introduction that outlines how modern financial institutions develop competitive strategies in the corporate and 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. Corporate and Investment Banking
   Overview of the corporate and investment banking business model; regulatory and supervisory frameworks with a focus on European and U.S. perspectives, including Basel II, III and IV Capital Adequacy standards and evolution.
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 corporate and investment banking systen and of all corporate and investment banking deals

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

3) identify the the key issus and problems of corporate and investment banking deals (i.e. the key aspects of term-sheets)

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 (i.e., being able to set a up an investmente banking "pitch")

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 reserach 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
• Individual works / Assignments
• 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 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.