Self-Paced Course
Master the Technicals
Practical mastery of accounting, valuation, DCF, M&A, and LBO — the technical foundation Swiss IB candidates are tested on, taught the way it is built and used in real banking work.
What This Course Is
A complete technical foundation for IB candidates — accounting, valuation, DCF, M&A, and LBO — taught the way the work is built and used inside a Swiss IB team.
Master the Technicals takes you from the three financial statements to a full LBO walkthrough, with each concept layered on the one before it. You learn the mechanics, then how the mechanics show up in interview answers and analyst tasks. No formula memorisation that breaks the moment a follow-up question lands.
The course is based on the technical training I built and delivered to Swiss IB interns at UBS, plus the frameworks I taught at HSG and Bocconi Master programs. Whiteboard explanations, Excel walkthroughs, the most common interview questions with model answers, and the CLEAR framework for handling them under pressure.
If you can already explain why deferred tax assets exist, why a DCF is sensitive to terminal value, and how an LBO returns a sponsor 25% IRR — you are ready for interviews. This course gets you there.
What You Will Walk Away With
By the end of Master the Technicals, you will have:
01
Three statements fluency
Income statement, balance sheet, cash flow — and how a single transaction flows through all three.
02
Valuation that holds up
Trading and transaction multiples, when each is used, and what the comparables really tell you.
03
DCF built from scratch
Time value of money, free cash flow, WACC, terminal value, sensitivity tables — clean and defensible.
04
Merger model logic
Accretion / dilution, deal financing mix, synergies, EPS impact — and why bankers run them this way.
05
LBO end to end
Sources and uses, debt schedules, return drivers, sponsor IRR — the model and the intuition behind it.
06
The CLEAR interview framework
A repeatable structure for technical answers: Confirm, Lay out, Execute, Answer, Recap.
Who This Course Is For
You are preparing for IB technical interviews and want a single, structured source
You want the technicals taught the way they are built and used inside a Swiss IB team
You prefer whiteboard explanations and Excel walkthroughs over dense textbooks
You want the intuition behind the mechanics, so follow-up questions don't break you
You want a repeatable answer framework for technicals under interview pressure
Who This Course Is NOT For
You have no exposure to finance at all and need the IB orientation first (start with How IB Ticks)
You want a research-style deep dive on a single methodology rather than the full IB toolkit
You are looking for a CFA-style curriculum covering portfolio theory, fixed income, derivatives
You want a live mock interview rather than a self-paced course (see Nail the Interview instead)
You expect a shortcut rather than a few days of focused practice with the exercises
How the Course Is Structured
Six modules. From accounting first principles to LBO and interview execution.
Each module builds on the one before it. The order mirrors how an IB analyst learns the toolkit: statements, then how to value a company three different ways, then how those tools combine in real M&A and LBO transactions, ending with how to deliver the answers under interview pressure.
MODULE 1
Accounting Essentials
FoundationsThe three statements end to end, plus the working-capital and tax mechanics that show up in every IB model and most interview rounds. Built from first principles, no prior accounting required.
What you walk away with
- Income statement, balance sheet, cash flow — line by line
- How the three statements connect mechanically
- Working capital, depreciation, deferred taxes explained
- The one transaction that flows through all three statements
- Quality-of-earnings adjustments bankers run on the numbers
MODULE 2
Valuation by Multiples
ComparablesTrading and transaction multiples — the workhorse of pitch books. We go from the arbitrage logic behind multiples to building a clean comp set and reading what the spread tells you.
What you walk away with
- Why multiples work and where they break down
- EV/EBITDA, EV/Revenue, P/E — when each applies
- Building a defensible trading comparables set
- Transaction comps and the control premium
- Reading the football field and explaining the spread
MODULE 3
Discounted Cash Flow
Intrinsic ValueTime value of money, free cash flow, WACC, terminal value. Built step by step so you can defend each input in an interview, not just plug numbers into a template.
What you walk away with
- Time value of money and discounting from first principles
- Free cash flow to firm vs. to equity, when to use which
- WACC: cost of equity, cost of debt, capital structure
- Terminal value: Gordon growth and exit multiple methods
- Sensitivity tables and what bankers stress-test for
MODULE 4
Merger Model
M&AWhy M&A happens, how a merger model is built, and how to read accretion or dilution at a glance. The intuition first, then the mechanics.
What you walk away with
- Strategic logic for M&A and why deals get done
- Cash, stock, and mixed consideration — and the trade-offs
- Accretion / dilution math from scratch
- Synergies: revenue, cost, and how to model each
- Reading EPS impact and what it really signals to investors
MODULE 5
Leveraged Buyouts
Private EquitySources and uses, debt schedules, return drivers. We build an LBO end to end and pull apart what creates the IRR, so you can answer return-bridge questions cleanly.
What you walk away with
- Private equity logic and the LBO transaction structure
- Sources and uses table, entry multiple, exit assumptions
- Debt schedule mechanics and cash sweep
- Three return drivers: deleveraging, multiple expansion, EBITDA growth
- Sponsor IRR and MOIC explained without hand-waving
MODULE 6
Technicals in the Interview
CLEAR FrameworkA short, intense module on delivery. The CLEAR framework — Confirm, Lay out, Execute, Answer, Recap — applied to the technical questions Swiss interviewers come back to year after year.
What you walk away with
- The CLEAR framework for any technical question
- The most common Swiss IB technical questions, with model answers
- How to handle a question you only half-know
- Recovering when an answer goes sideways mid-flow
- What interviewers listen for beyond the right number
What's Included
A complete technical toolkit, not a collection of fragments.
35 video lessons
Whiteboard and Excel-led walkthroughs across the six modules.
Three statements fluency
Built from scratch, with the connections that show up in every model.
Valuation toolkit
Trading comps, transaction comps, DCF — when each is used and why.
Merger model build
Accretion / dilution, financing mix, synergies — full walkthrough.
LBO end to end
Sources and uses, debt schedule, returns bridge, sensitivity.
CLEAR framework
Repeatable structure for delivering technical answers under pressure.
Most common questions
The technicals that come up year after year in Swiss IB interviews.
Excel shortcuts
The keyboard mechanics that turn a 30-minute task into 10.
Lifetime access
Including all updates and any future material added to the course.
Watch on any device
Mobile, tablet, or laptop — return to any module any time you need it.
7-day refund window
Not the right fit in the first 7 days? Email me — full refund, no friction.
Bundle to go further
Add How IB Ticks and Thrive as an Intern as a discounted bundle when you're ready.
Your Instructor
As a former UBS Large Cap M&A Associate, I have recruited candidates, staffed teams, trained interns, and decided who received return offers.
I built and taught a 10-week intern development program at UBS, lectured at HSG and Bocconi, and now focus on helping motivated candidates break into Swiss Investment Banking.
Direct. Structured. Practical.
Course Details
- Format: Self-paced video course
- Lessons: 35 video lessons across 6 modules
- Time to complete: A few days to a week with the exercises
- Access: Lifetime, on any device
- Refund: 7-day money-back guarantee
Already a NeverBanked customer? You should have received a personal code equal to your previous purchase.
Ready to Master the Technicals?
The coaching significantly sharpened my technical understanding and helped me structure complex IB interview answers clearly under time pressure.
The sessions improved my confidence and storytelling, enabling me to communicate my motivation, experience and deal logic in a precise and convincing way.
Nico significantly contributed to my professional development through self-designed training sessions, bridging theory and real M&A execution. — Georg B., UBS
During my IB internship, Nico held learning sessions on corporate finance concepts and efficiency techniques that significantly accelerated my learning. — Heinrich B., KPMG
Highly practical, highly valuable. One of the best training experiences I've had. — Kevin L., Rothschild & Co
Got the GS Super Day. Can we jump on a call to make an action plan for this week?
I learned a lot from Nico's structured and precise way of working. His sharp thinking and technical skills made him an outstanding mentor. — Adrian D., ex-Nomura
As my line manager, Nico's training program helped me bridge the gap between theory and real IB execution. — Yanic T., UBS
The coaching significantly sharpened my technical understanding and helped me structure complex IB interview answers clearly under time pressure.
The sessions improved my confidence and storytelling, enabling me to communicate my motivation, experience and deal logic in a precise and convincing way.
Nico significantly contributed to my professional development through self-designed training sessions, bridging theory and real M&A execution. — Georg B., UBS
During my IB internship, Nico held learning sessions on corporate finance concepts and efficiency techniques that significantly accelerated my learning. — Heinrich B., KPMG
Highly practical, highly valuable. One of the best training experiences I've had. — Kevin L., Rothschild & Co
Got the GS Super Day. Can we jump on a call to make an action plan for this week?
I learned a lot from Nico's structured and precise way of working. His sharp thinking and technical skills made him an outstanding mentor. — Adrian D., ex-Nomura
As my line manager, Nico's training program helped me bridge the gap between theory and real IB execution. — Yanic T., UBS
