SUMMER 2024 TRAINING, INTERNSHIP and MENTORSHIP PROGRAM
15X is inviting motivated undergraduate and graduate students to complete a challenging, summer, professional training program to help advance your prospects in breaking through in investment banking industry.
The program is reserved only for those students that have genuine interest in breaking into this career field. Limited seats as we facilitate limited number of internships for those that successfully complete the training regimen.
The training covers extensive modules in financial modeling, pitching and creating presentations. Certificate is issued when candidate completes the modules and presents an advisory pitch during our special event called Pitch Day Event.
Those candidates that complete the training unlock an internship opportunity at one of our partner boutique M&A firms.
The training element of our program, because of 6 weeks of intense training, carries costs. However, for students requiring financial aid, we have an option to defer your training costs via an Income Sharing Agreement contract.
Please see attached presentation for more program details.
The training program covers two in depth technical modules: financial modeling (4 weeks) and pitching (2 weeks). Afterwards, if the candidate successfully passes the technical training, our managers and career coaches will help you obtain an internship at one of our partner firms. Finally, career mentorship will be provided by our Career Coach to help with networking and writing job applications.
We are seeing massive changes happening on Wall Street in terms of recruiting, career development, and culture. We believe investment banking entry route should be available to ANY STUDENT FROM ANY BACKGROUND that can demonstrate his or her potential and that has sincere desire and interest in working in the field. In other words, we believe that the best future investment bankers are at university and college campuses that Wall Street historically ignored. We don’t think it’s right or fair or good business for that matter. It’s time to end the elitist biased recruitment approaches.
Our program is open UP to only 10 candidates. Seats are limited and we only consider candidates that can prove to us that this the career they want (no career shoppers).
To be considered for the program, please include the following with your application:
1. Your 1-pager resume (in pdf)
2. Short paragraph or two (maximum 150 words) answering “what or who inspires you?”
3. Send us your best creative or academic work (any subject, in pdf or ppt)
We look forward to receiving your applications!
15X is an equal opportunity employer and considers all qualified applicants equally without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.
TRAINING DETAILS
The Incubator is the first of its kind training and internship platform that aims to make investment banking careers accessible to any student from any background that has a sincere desire to work in front office investment banking. The program is designed to develop basic proficiency in analyzing companies, building financial and valuation models and creating investment banking style presentations. In addition, ongoing career counseling and mentorship is provided to more effectively manage an already complicated and obscure recruitment process.
The 10-week full time summer training is as follows:
Module 1 – Financial Modeling and Valuation of Companies
- You will build financial models from scratch
- Perform historical company performance ratios analysis
- Value the company using public comps, precedent transactions, discounted cash flow, and build a merger model
- Learn how to think critically to uncover company value drivers
Module 2 – The Art and Science of Pitching
- Introductory overview of the most essential skill to be a deal maker: the ability to pitch
- Learn the difference between pitching and selling
- Build your own pitch for the company that you valued in the Financial Modeling module
- Get on stage during our program graduation (we don’t have an exam…) and pitch your deal to a panel of investment banking professionals specially invited for this event (your first real taste of high stakes pitching)
Module 3 – the Career Implementation Track (which continues until you succeed in getting a job)
- Complete resume review and makeover
- Insider tips on applying to IB jobs
- Individual Bespoke Career Implementation Track for you (which we hold you accountable for executing)
- Ongoing counseling and mentorship
Internship (with 15X Capital Advisory or one of our partner firms)
- Every candidate that pitches during the Pitch Day event afterwards begins a 4 week internship at one of our partner firms by contributing research and analytical work on a transaction project
- Completing the training and participating in the Pitch Day Event unlocks the internships
- Internships are paid (each candidate will receive internship pay; pay varies by firm)
TRAINING FEE AND METHOD OF PAYMENT
Please bear in mind that at this stage, the training portion of our program has a training fee. This covers 6 weeks of full time, practitioner led instruction and individual supervision of each candidate throughout the summer.
Our entire program is practitioner led and we invest a lot of time into each candidate’s training and development over the 10 weeks in the summer (and beyond as part of the Career Implementation Track).
We do offer early bird discounts, deferred payment options to need based candidates, and at our discretion may offer one full ride scholarship or partial scholarships to best performing candidates in the program.
ABOUT 15X
15X LLC is a boutique M&A and capital advisory firm based in Chicago, IL whose mission is to accelerate the world’s transition to friendly, supportive, inclusive, and without the greed is good virus investment banking culture.
We are values and mission led. An important element of our growth strategy is educating and training students to significantly increase their odds of finding job and internship opportunities.
Every summer, we run a 10-week Analyst training program for students that are interested in breaking through into investment banking. In this “Analyst Lab” you will build a complete valuation and transaction model along with a pitch proposal which you will then present during Pitch Day event. Experience the power of practical modeling applied in real context.