2016-2017 MBA Courses for Development Program Course Offerings and Descriptions

Preparing Financial Professionals for Success 1.0

About Training The Street: Training The Street (TTS) offers state-of-the-art, instructor-led courses in capital markets, and corporate . Founded in 1999, TTS is the world’s leading financial learning services company offering targeted and customized training courses to corporate and educational clients.

TTS’s corporate clients include the world’s leading investment banks, consulting firms & Fortune 500 companies. We specialize in applied learning using practical examples and annotated guides.

With more than 150 years of combined professional and teaching experience, TTS's instructors have worked across a broad spectrum of industries-from high-technology to retail-and across a wide range of financial disciplines-from , accounting, and financial research to global trade finance and credit risk management. Several of our instructors are Adjunct Professors at leading academic institutions. For more information on TTS, please visit www.trainingthestreet.com.

Calendar of Courses Offered:

2016-2017 Finance Development Program

1) Excel Best Practices – Friday, August 19, 2016 (5:00 – 9:00pm), Koury

2) Introduction to Financial Modeling – Friday, September 16, 2016 (1:00pm – 5:00pm), Kenan 204

3) M&A Strategy and Corporate Valuation – Saturday, September 24, 2016 (9:00am – 5:00pm), McColl 2250

4) Anatomy of a Deal – Saturday, October 1, 2016 (10:00am – 4:00pm), McColl 2500

5) LBO Modeling – Tuesday, October 25, 2016 (4:30pm – 8:30pm), McColl 2500

6) Restructuring and Credit Analysis – Friday, November 11, 2016 (9:00am – 5:00pm), McColl 2600

7) Interview Preparation: Private – Saturday, December 3, 2016 (9:00am – 11:30pm), McColl 2500

8) Interview Preparation: Finance – Saturday, December 3, 2016 (12:00pm – 3:30pm), McColl 2500

Detailed course descriptions are on the following pages.

Registration:

Registration for each event will open roughly 30 days prior to each course as indicated in the course description on the following pages. To register, simply: 1) Go to https://trainingthestreet.secure.force.com/register 2) Create your profile or login using the username and password you created previously 3) Enter the Class Code listed for the workshop you would like to attend

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Excel Best Practices – Friday, August 19

Course Overview This workshop is designed to develop applied modeling skills through actual hands-on experience in Excel. Topics covered in the course include:  Basic Excel setup including macro security settings, iterations & toolbar setup  Financial modeling essentials including appropriate color schemes  Page setup functions  Customizing toolbars in Excel 2003 (including adding icons to your toolbar) and customizing the Quick Access Toolbar in Excel 2007/2010/2013/2016  Excel best practices, including common “shortcut” keys and other efficiency tips  Navigating in Excel  Shortcuts including autosum, advanced paste special functions, fill functionality, go to cells, repeat function, naming cells & effectively navigating between worksheets  Excel foundations & efficiencies in formulating projections  Fundamentals of formats including alignments & custom number formats including “text” with custom formatting  Anchoring cells  Understanding how to efficiently design historical inputs & forecast financial projections  Introduction to macros & distribution of TTS proprietary Macro toolkit  Fundamentals of sensitivity analysis using data tables (sensitivity tables)

Target Audience This intensive workshop will benefit professionals in any field, especially those that entail working with Excel to analyze, project and present data. This workshop will be particularly invaluable for candidates interested in the following areas:  Working in the financial services industry (investment banking, consulting, research, asset management, , brokerage, sales & trading, insurance, etc.)  Working in the corporate, marketing, operations, strategic development group, or finance department of a corporation  Enhancing the overall learning experience inside the classroom, especially in finance and financial statement analysis classes

Pre-requisites There are no required pre-requisites for this course. However, basic familiarity with Excel will certainly enhance the overall learning experience.

What to Bring Each participant will need the following:  Computer* with Microsoft Excel® (MS Office 1997-2016), Adobe Acrobat Reader®

*To best prepare you for corporate environments, our curriculum is geared toward the Windows environment. We do, however, welcome both Mac and PC users and believe everyone will benefit from this workshop.

Registration  Registration opens July 19, 2016 12pm  Class Code: 5C698D  No charge through August 12th, after August 12th $25

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Introduction to Financial Modeling – Friday, September 16

Course Overview The completed product is a dynamic model with 5 years of projections containing the following statements and schedules:  Income statement, balance sheet and cash flow statement, including analyzing projections.  Operating working capital – an introduction to working capital, and the basic working capital formula (current assets – current liabilities). The interlinking of statements includes the impact of working capital on a cash flow statement.  Fixed assets - capital expenditure and depreciation and their respective impact on the cash flow statement & income statement.  Equity and retained earnings, and basic reconciliation with net income.  Understanding a “cash sweep”, and building Excel logic to borrow and raise debt when a company has a shortfall of cash and utilizing excess cash to pay down debt.

In addition, the workshop will cover the following advanced modeling topics:  Understanding circular references  Understanding the basic accounting parity check formula in the projected balance sheet  (A = L +E) Participants will construct the formulas to project 5 years of financial performance for the model.

Target Audience This intensive workshop will benefit professionals in any field, especially those that entail working with Excel to analyze, project and present data. This workshop will be particularly invaluable for candidates interested in the following areas:  Working in the financial services industry (investment banking, consulting, research, asset management, private equity, brokerage, sales & trading, insurance, etc.)  Working in the corporate, marketing, operations, strategic development group, or finance department of a corporation  Enhancing the overall learning experience inside the classroom, especially in finance and financial statement analysis classes

Pre-requisites Workshop participants are expected to be proficient with Excel best practices and utilizing shortcut keys to effectively navigate through and construct a spreadsheet. Participants are STRONGLY ENCOURAGED to take Training The Street’s Excel Best Practices workshop to ensure the expected level of proficiency.

What to Bring Each participant will need the following:  Computer* with Microsoft Excel® (MS Office 1997-2016), Adobe Acrobat Reader®

*To best prepare you for corporate environments, our curriculum is geared toward the Windows environment. We do, however, welcome both Mac and PC users and believe everyone will benefit from this workshop.

Registration  Registration opens August 16, 2016 12pm  Class Code: E4594F  No charge through September 2nd , after September 2nd $25

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M&A Strategy and Corporate Valuation – Saturday, September 24 (Limited seating – 75 seats available)

Target Audience The M&A Strategy and Corporate Valuation seminar is designed to be an essential foundation before investment banking interviews and internships. In addition, Training The Street believes the content will benefit a wide variety of MBA candidates interested in:  Working in most areas of the financial services industry (investment banking, consulting, research, asset management, private equity, brokerage, sales & trading, insurance, etc.)  Working in the corporate or strategic development group or finance department of a corporation  Enhancing the learning experience in finance and financial statement analysis classes  Working in marketing, brand management or a non-finance field, but are interested in gaining a solid foundation in applied in a condensed, practical manner

Pre-requisites In order to gain the most from the seminar, participants should possess a working knowledge of corporate finance, accounting and financial statement analysis.

Topics Covered Topics covered include:  Overview of valuation methodologies & key concepts  Public comparables analysis  Acquisition comparables analysis  analysis  Imputing valuation ranges  Overview of M&A accounting  Merger consequences analysis  analysis

What to Bring Computers are NOT needed for the Corporate Valuation workshop.

Registration  Registration opens August 24, 2016 12pm  Class Code: CE6FC3  No charge through September 10th , after September 10th $25

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Anatomy of a Deal – Saturday, October 1 (Limited seating – 75 seats available)

Course Overview The main goal of the seminar is to give participants practical perspectives and applications of the deal process. Students will be able to discuss the major steps in a transaction and participate in valuation simulation of deal negotiations.

Target Audience The Anatomy of a Deal seminar is designed to be further extension of Corporate Valuation seminar. In addition, Training The Street believes the content will benefit a wide variety of MBA candidates interested in:  Working in most areas of the financial services industry (investment banking, consulting, research, asset management, private equity, brokerage, sales & trading, insurance, etc.)  Working in the corporate or strategic development group or finance department of a corporation  Enhancing the learning experience in finance and financial statement analysis classes  Working in marketing, brand management or a non-finance field, but are interested in gaining a solid foundation in applied corporate finance in a condensed, practical manner

Pre-requisites In order to gain the most from the seminar, participants should possess a working knowledge of corporate finance, accounting and financial statement analysis. Participants are STRONGLY ENCOURAGED to take Training The Street’s M&A Strategy and Corporate Valuation workshop to ensure a strong foundation in corporate valuation concepts.

Topics Covered The course is focused on a more in-depth discussion of the deal process. Topics covered include:  Brief review of key corporate valuation techniques  Overview of deal processes  "Let's Make a Deal" case study  Conclusions and key takeaways

What to Bring Each participant will need the following:  Computer* with Microsoft Excel® (MS Office 1997-2016), Adobe Acrobat Reader®

NOTE: This workshop will not emphasize Excel shortcuts or constructing a financial model. Excel will be used for exercises to illustrate and apply the concepts discussed in class.

*To best prepare you for corporate environments, our curriculum is geared toward the Windows environment. We do, however, welcome both Mac and PC users and believe everyone will benefit from this workshop.

Registration  Registration opens September 1, 2016 12pm  Class Code: 3342A6  No charge through September 17th, after September 17th $25

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LBO Modeling – Tuesday, October 25 (Limited seating – 75 seats available)

Course Overview This intensive workshop is designed to develop an understanding of leveraged buyout analysis through actual hands-on construction of an LBO model. Each participant will build their own interactive LBO model from “scratch” to gain a detailed understanding of LBO analysis. The focus of the model is to effectively represent the interests of the three main constituents of the deal – the selling shareholders, the lenders and the . The completed product allows for a dynamic evaluation of whether or not a company is a strong LBO candidate. Specifically, participants will construct and analyze the following:  Transaction summary detailing sources and uses of funds  Key credit statistics to determine the appropriate  Pro forma income statement and cash flow schedule  Debt schedule with repayments, pro forma debt balances, and interest expense calculations for both senior and instruments  Returns analysis to the financial sponsor

Target Audience This intensive workshop will benefit any professional who will be required to perform LBO analysis, especially for MBA candidates interested in:  Working at a private equity firm or dedicated leveraged buyout firm  Working at an investment bank in their M&A, leveraged finance or financial sponsors group  Working at a firm or hedge fund potentially making LBO investments  Enhancing the learning experience and background knowledge in finance and transaction analysis

Pre-requisites Participants must have extensive financial modeling experience from prior work experience or have taken one of Training The Street’s financial modeling workshops. Workshop participants are expected to be proficient with Excel best practices and utilizing shortcut keys to effectively navigate through and construct a spreadsheet. 1st year students are STRONGLY ENCOURAGED to take Training The Street’s Excel Best Practices and Introduction to Financial Modeling workshop to ensure the expected level of proficiency. 2nd year students that took MBA 793 Investment Banking or MBA 793M Practical Financial Modeling in the previous spring will possess the prerequisite Excel proficiency.

What to Bring Each participant will need the following:  Computer* with Microsoft Excel® (MS Office 1997-2016), Adobe Acrobat Reader®

*To best prepare you for corporate environments, our curriculum is geared toward the Windows environment. We do, however, welcome both Mac and PC users and believe everyone will benefit from this workshop.

Registration  Registration opens September 25, 2016 12pm  Class Code: 15F193  No charge through October 11th, after October 11th $25

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Restructuring and Credit Analysis – Friday, November 4 (Limited seating – 44 seats available)

Course Overview This one-day course will dive into the world of distressed-related financial and operational restructurings. The class will start with a discussion of the “ingredients” to a successful restructuring, and then discuss the importance of valuation in restructurings, deal and debt structures common to firms that restructure, and the basics of consensual out-of-court restructurings and workouts. The course will continue with an overview of in-court restructuring, including an intro to the Chapter 11 process, debtor-in-possession (DIP) financing, Section 363 sales, the acceptance and rejection of executory contracts, and exit financings. The course will also cover the role played by financial advisors and introduce the students to distressed debt markets. The course will include a group oriented case that will simulate the challenges of negotiating a distressed restructuring.

Target Audience This course is ideal for students pursuing careers in financial services, corporate or strategic development groups, or finance departments of a corporation. In order to gain the most, participants should possess a working knowledge of corporate finance, valuation, and FSA.

Pre-requisites In order to gain the most from the seminar, participants should possess a working knowledge of corporate finance, accounting and financial statement analysis.

Topics Covered The course is focused on restructuring and distressed-debt content. Some key topics covered include:  In and out of court debt restructurings  Chapter 11 process  DIP financing  Section 363 sales

What to Bring Each participant will need the following:  Computer* with Microsoft Excel® (MS Office 1997-2016), Adobe Acrobat Reader®

NOTE: This workshop will not emphasize Excel shortcuts or constructing a financial model. Excel will be used for exercises to illustrate and apply the concepts discussed in class.

*To best prepare you for corporate environments, our curriculum is geared toward the Windows environment. We do, however, welcome both Mac and PC users and believe everyone will benefit from this workshop.

Registration  Registration opens October 4, 2016 12pm  Class Code: 7B1804  No charge through October 21st , after October 21st $25

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Interview Prep – Saturday, December 3 (Limited seating – 75 seats available)

Please note: You are welcome to register for both seminars.

Private Equity Interviewing + Fit Interview Training

Course Overview – 9:00 AM to 11:30 AM TTS's private equity interview training seminar is geared toward first- and second-year business school students with an interest in private equity investing. The seminar will examine growth equity investing through traditional leveraged buyouts and everything in between. The seminar will be divided between the fit and technical portions of a private equity interview. Students will learn how to deal confidently with the common "fit" questions and will explore a number of different PE-specific technical questions and the best practices for answering them.

What to Bring Computers are NOT needed for the Private Equity Interview Prep workshop.

Registration  Registration opens November 3, 2016 12pm  Class Code: 82A9AE  No charge through November 19th, after November 19th, $25

Investment Banking Interviewing + Fit Interview Training

Course Overview – 12:00 PM to 3:30 PM TTS's unique financial interview training seminar is geared toward first- and second-year business school students interested in a career in investment banking, asset management, research, private equity and other related financial industries. The seminar will cover both the "fit" and technical portions of the financial interview. Students will see how best to answer many of the common fit interview questions and will learn how to present their resume in the most compelling way. In addition, the seminar will provide a step-by-step approach to nailing valuation, finance and accounting questions. What to Bring Computers are NOT needed for the Investment Banking Interview Prep workshop.

Registration  Registration opens November 3, 2016 12pm  Class Code: DB0BC1  No charge through November 19th, after November 19th, $25

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Frequently Asked Questions

i. I can’t make a class. Will you be back on campus? We often make more then one visit to our University clients. The best way to find out if we are coming back is to ask the workshop organizers at your school. If you missed us, we will also run Public Courses. Check our website www.trainingthestreet.com for the most current details. Perhaps our self-study option is best for you. See the self- study question below.

ii. Do you offer a self-study option? We offer a full range of Self-study courses as shown below. Please visit www.trainingthestreet.com for more details.

Name Description

140 Page Handbook + Fundamentals of Reading and interpreting Pen and Paper Financial Accounting & financial statements and the 145 Page Real World None Exercises Analysis underlying accounting Analysis & Exercises Workbook

Overview of popular valuation 200 Page Book Fundamentals of methodologies (Comparables, Pen and Paper None Corporate Valuation DCF, Exercises

M&A and LBO)

Learn to perform public 7 Hours of Relative Valuation comparables and acquisition 360 Page Book None Comparables comparables Modeling

Efficiencies, shortcuts, Excel 5 Hours of 5 Hours of building formulas and Desktop Flip Chart Best Practices Online Instruction Excel Drills functions in Excel

Build a circular, three- 5 Hours of 10 Hours of Financial Modeling statement model 200 Page Book Online Instruction Financial Modeling from scratch

Create a merger model 5 Hours of 7 Hours of Merger Modeling 270 Page Book to analyze M&A transactions Online Instruction Merger Modeling

iii. How can I stay up to date on Excel shortcuts and free macros? Simply visit http://trainingthestreet.com/macros/

iv. What if I have other questions? Please contact + 1 (800) 887-1320 or [email protected].

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