Investment Banks
Analysts and associates who build, check and defend models, valuations and M&A analysis on live mandates.
- Bulge bracket
- Elite boutiques
- Sector specialists
Corporate Training
Finance Training, Built by Practitioners
Corporate training for investment banks, private equity, credit, asset managers and finance teams across modelling, valuation, M&A, investing and AI.
Taught from the desk, not the textbook.
- 4.9/5Average rating on The Training Marketplace
- 95+Reviews on The Training Marketplace
- 10+Firms trained across banks, private equity, private credit and hedge funds
- 10+ yrsPractitioner experience across M&A and public markets investing
Taught by Instructors with Experience at
Who We Train
Trusted across the buy side, the sell side and corporates, from bulge-bracket desks to single-family offices. What each team takes away:
Private Equity
Deal teams who can build an LBO, decompose returns and write a value-creation thesis that stands up in committee.
- Buyout
- Growth
- Mid-market
Hedge Funds & Asset Managers
Analysts who form a differentiated view, diligence it and monitor it through earnings and catalysts.
- Long/short equity
- Multi-strategy
- Quant
Credit & Private Credit
Credit teams who model debt structures, covenants and downside cases with confidence.
- Private credit
- Credit funds
- Leveraged finance
Venture Capital
Investors fluent in cap tables, term sheets, dilution and fund economics.
- Early stage
- Growth stage
- Corporate venture
Family Offices
Lean investment teams with on-demand access to the same toolkit as larger institutions.
- Single family
- Multi-family
- Next-gen
Corporates
Corporate development, IR and finance teams who speak the language of the deal and the investor.
- Corporate development
- Investor relations
- FP&A
- Fundraising
Graduate & Analyst Academies
Multi-week programmes that take new joiners from accounting to deal-ready modelling, valuation and AI workflows.
- Graduate intakes
- Analyst-to-VP
- Lateral hires
Problems We Solve
The capability gaps L&D, graduate recruitment and investment teams most often bring to us.
- 01
Graduates know the theory but stall on live work
New joiners can define EBITDA but struggle to build, check and explain a model under deal pressure. We teach from real filings and real transactions so the jump to the desk is shorter.
- 02
Models are mechanically right and commercially empty
A model that balances is not the same as a model that supports a decision. Every course ties the build back to drivers, scenarios and the recommendation it has to support.
- 03
Teams need deal-ready valuation, M&A and LBO capability
From LBO returns and value-creation levers to spin-offs and Reverse Morris Trusts, we cover the structures teams meet on live mandates, not just the textbook cases.
- 04
AI tools are licensed, but workflows have not changed
Most firms have rolled out an assistant. Few have changed how research, modelling and review actually get done. We train on the work itself, with verification built in.
- 05
Sector knowledge is too generic for investment decisions
Healthcare, technology and industrials each have their own KPIs, value drivers and valuation conventions. Sector teach-ins give teams the specific frame they need.
- 06
Strong analysis fails to become a clear recommendation
Analysis only matters if it lands with an investment committee, a client or a board. We train the equity story and the presentation as seriously as the spreadsheet.
From Workshops to Full Training Programmes
We design and run complete programmes as well as individual courses: needs analysis, curriculum design, delivery and the follow-through that makes the skills stick.
- Step 1
Diagnose
We start with the audience, their baseline, the work they actually do and what the programme has to change.
- Step 2
Design
We build a curriculum from our modules, or adapt your existing one, pitched at the cohort's level and set in your sector.
- Step 3
Deliver
Case-led, hands-on sessions: delegates attempt the exercise first, then we work through the solution together.
- Step 4
Embed
Templates, worked solutions and follow-up sessions so the skills carry over to live work after the programme ends.
Typical engagements
- Analyst and graduate academies
- Multi-day programmes
- Single-topic desk workshops
- Team upskilling on AI workflows
- Curriculum design and redesign
- Executive and leadership sessions
AI for Finance
AI training designed around the work finance professionals actually do
Not another set of prompts. Role-specific workflows for research, modelling, diligence and review, grounded in how Third Wave uses AI in its own investment research, with verification and human accountability built in.
Explore AI for Finance- Investment Banking
- Asset Management & Equity Research
- Financial Modelling & Valuation
- M&A & Corporate Finance
- Credit & Leveraged Finance
- AI Governance for Finance Teams
Courses by Capability
Ten practitioner-led courses, from accounting foundations to complex transactions, buy-side investing, AI workflows and communication. Take a module on its own, or combine several into a tailored, outcomes-based programme.
Foundations
The technical base every finance professional builds on.
Accounting 101
1 day (modular) · Foundational
Financial accounting from the ground up: the income statement, balance sheet and cash flow statement, how they connect, and how to read and adjust real filings.
3-Statement Financial Modeling
2 days (modular) · Foundational to Intermediate
Building an integrated three-statement operating model from first principles, with driver-based revenue and expense builds, working capital and clean model architecture.
Advanced Financial Modeling
2 to 3 days (modular) · Intermediate to Advanced
Operating model builds, debt modeling and monthly modeling, scenarios and sensitivities, and turning the numbers into a clear commercial story.
Transactions & Corporate Finance
The structures senior bankers and corporate development teams work on.
Advanced Corporate Finance
2 days (modular) · Advanced
Complex transactions and structures: carve-outs, spin-offs, PIPEs and Reverse Morris Trusts, and how each reshapes value, ownership and the model.
Private Markets
From the LBO model to the investment committee paper.
Private Equity
2 to 3 days (modular) · Intermediate to Advanced
The PE toolkit: LBO modeling, the levers of value creation, and building PE value-creation theses that stand up on both the quantitative and qualitative sides.
Venture Capital
1 to 2 days (modular) · Foundational to Intermediate
Early-stage investing mechanics: cap tables, term sheets, pre- and post-money valuation, dilution and ownership math, and fund economics including waterfalls and carry.
Public Markets
How fundamental and systematic investors build and run a view.
Hedge Funds
2 days (modular) · Intermediate to Advanced
The fundamental equity playbook: creating an equity thesis, primary and secondary diligence, position and portfolio monitoring, and tracking quarterly earnings, milestones and catalysts.
Quant Funds
2 to 3 days (modular) · Advanced
Systematic investing end to end: sources of alpha and signal construction, data modeling and alternative data, statistical arbitrage and factor models, backtesting and out-of-sample validation, and portfolio and risk optimization.
AI for Finance
AI workflows built around research, modelling and review.
AI-Native Productivity & Workflows
1 day (modular) · All levels
Our core AI programme: AI-native workflows for research, modeling and investment tasks, tailored to each segment of finance and embedded into daily practice.
Communication & Decision-Making
Turning analysis into a recommendation that lands.
Equity Story & Communication
1 day (modular) · All levels
Framing the narrative: building the equity story, pitchbooks and storytelling, and presenting with confidence to senior counterparts and committees.
Sector Teach-Ins, Built on Strong Foundations
Generic sector knowledge does not support a good investment or credit decision. A teach-in gives a team the specific frame for one sector or sub-sector, and can sit on its own or inside a wider programme.
What a teach-in covers
- Industry structure and value chain
- Business models and unit economics
- Operating KPIs that drive value
- Financial statement characteristics
- Valuation approaches the sector uses
- Competitive positioning
- Deal and credit considerations
- Current structural themes
Healthcare
- Biopharma
- Pharma Services
- Medical Devices
- Diagnostics
- Healthcare Tech & IT
Technology
- Semiconductors
- Software & SaaS
- Hardware
- eCommerce
- Internet
Industrials
- Metals & Mining
- Industrial Manufacturing & Services
- Automotive
- Aerospace & Defense
- Capital Goods
- Building Products
Client Results
Selected programmes and what delegates said about them. Clients are anonymised.
Investment bank
- Programme
- Fundamentals of LBO ModellingHands-on workshop with model templates, 2026
- What delegates said
- “Very practical and hands on. Materials were good and clear instructions from trainer.”
- “Templates were clear and easy to follow, trainer gave real world examples.”
- “Surojit is highly knowledgeable and supportive when it comes to answering queries.”
Delegate reviews, The Training Marketplace
US bulge bracket bank
- Programme
- Financial modelling and analysisThree-day programme
- What delegates said
- “Of the financial modelling/analysis trainings I've had so far, this was my favourite in terms of content, delivery and explanations, and relating it to real world cases.”
Delegate feedback, Associate
Life sciences company
- Programme
- Biotech valuation
- What delegates said
- “Trainer was truly an expert in biotech valuations with true hands on experience with biotech transactions.”
Delegate feedback, Director of Corporate Development
Why Third Wave
- Practitioner-led. Training grounded in live transaction and investment experience, from M&A at Citi and Rothschild & Co to public markets investing.
- Sector depth. A focus on healthcare, technology and industrials, so examples, KPIs and valuation conventions match the work your team does.
- Built for your team. Every course is tailored to the counterpart, cohort and desk, from a single workshop to a full analyst academy.
- AI with judgement. AI workflows are taught on top of the finance, with verification and human accountability built in.
Don't Just Take Our Word for It
Thank you very much for the workshop – I have found it extremely useful!
Excellent real world examples and anecdotes with a very personable teaching style. Thank you for the great sessions!
I have thoroughly enjoyed the sessions and learnt so much. I am certainly going to recommend your trainings to some friends and colleagues as it has been so brilliant!
I wanted to thank you for the great training over the past 3 days. Of the financial modelling/analysis trainings I've had so far, this was my favourite in terms of content, delivery and explanations, and relating it to real world cases.
Trainer was truly an expert in biotech valuations with true hands on experience with biotech transactions
Just want to say many thanks for last week – thought the content and the teaching were both excellent and very well commercially rooted.
Questions Buyers Ask
Who are the programmes designed for?
Investment banks, private equity, private credit, hedge funds and asset managers, venture capital, family offices and corporate finance teams. Programmes run from graduate intakes to senior professionals and leadership teams.
Can a programme be customised?
Yes. Every course is tailored to the counterpart, cohort and desk. Modules can be taken on their own or combined into a programme built around your team's objectives, sector and experience level.
Can courses be combined into an analyst academy?
Yes. A typical academy runs from Accounting and 3-Statement Modelling through Advanced Modelling, valuation, M&A or LBOs, with AI workflows and communication layered in. We can also work from your existing internal curriculum.
Do you deliver in person and virtually?
Both, and hybrid. We are based in London, deliver on site for clients elsewhere, and run virtual programmes for distributed teams. Cohorts can be as small as two delegates.
Do programmes include exercises and pre-work?
Exercises are built into every course, using templates and real company filings. Pre-work, knowledge checks and post-course assessments can be added where the programme calls for them.
Can examples be adapted to our sector?
Yes. We specialise in healthcare, technology and industrials, and adapt case studies and models to the sectors your team covers.
Do you train non-finance teams?
Yes. Accounting 101 is designed for non-finance professionals as well as new analysts, and finance fundamentals can be pitched for corporate, product and commercial teams.
What does training cost?
Pricing depends on the scope, duration and cohort, and is available on enquiry. Send us the audience and objectives and we will come back with a proposal.
How do we request a proposal?
Book a discovery call or email surojit.chakraverti@3wavecap.com with the audience, approximate cohort size, timing and what the programme needs to achieve.
Discuss a programme
Tell us who the programme is for, roughly how many delegates, and what they need to be able to do afterwards. We will come back with a proposed structure and outline.