Stockholm waterfront at blue hour
Eight-week applied programme

Practical experience in M&A and Equity Research.

Eight weeks of project work in financial analysis, valuation, and investment judgement, ending with a defended stock pitch and a final report you can put your name to.

€49 · One-time · Approximately 3 to 4 hours per week

Where our applicants study

Carnegie Mellon University logo
London School of Economics logo
HEC Paris logo
Cornell University logo
University of Warwick logo
King's College London logo
Queen Mary University of London logo
Lahore University of Management Sciences logo
KTH Royal Institute of Technology logo
Northeastern University logo
Carnegie Mellon University logo
London School of Economics logo
HEC Paris logo
Cornell University logo
University of Warwick logo
King's College London logo
Queen Mary University of London logo
Lahore University of Management Sciences logo
KTH Royal Institute of Technology logo
Northeastern University logo

A growing cohort, by the numbers.

100+

Applications reviewed

31

Universities represented

13

Countries

Why we built this

Principles are taught. Judgement is practised.

Study establishes important principles. Avenor Partners provides the structure to put them to work on financial analysis and valuation.

In the first three weeks you interpret financial statements, build a comparable company analysis, and prepare a simplified discounted cash flow on a listed company of your choosing.

You then defend a listed stock pitch before a jury and develop an in-depth final report over four weeks.

Final report formats

Choose your brief.

01

Deconstruct the Deal

Reverse-engineer a completed M&A transaction, examining the price paid, premium, implied multiples, and outcome in hindsight.

02

The Advisory Pitch

Build the case for a hypothetical acquisition, covering strategic rationale, synergies, and a considered valuation range.

03

The Industry Flow Report

Map recent M&A activity in a chosen sector, identifying who is buying whom, at what multiples, and why.

Each format is developed individually from Week 5 through Week 8 and culminates in one polished, in-depth report.

Curriculum

Eight weeks, start to finish.

Select any week to see what you work on. The programme moves from financial statement analysis and valuation to a defended stock pitch and individual report.

Weeks 5 to 8

The final report.

Select one of three formats and develop it from a focused outline into a polished, evidence-led report submitted at the end of Week 8.

Weeks 5 and 6

Define and analyse

Choose the format and topic, establish the report structure, and build the numbers, tables, and evidence supporting its argument.

Weeks 7 and 8

Draft and refine

Complete the first draft, connect evidence to the conclusion, then revise and submit the final version for assessment.

Outcomes

What you will complete.

I.

A complete valuation toolkit

A financial health rationale, comparable companies table, and simplified DCF built from public company data.

II.

A defended stock pitch

A five to eight-slide investment case presented to a jury that includes an investment fund professional.

III.

A polished final report

An in-depth individual report reviewed by the Strategic Advisory Board, alongside a Certificate of Completion.

Strategic Advisory Board

Reviewed by industry professionals.

At the end of Week 8, the Board reviews every final report and provides written feedback on each final report’s analysis, valuation, and strength of argument.

I

Board member

Bio coming soon

II

Board member

Bio coming soon

III

Board member

Bio coming soon

Board member biographies are being confirmed and will be published before the next cohort begins.

Enrolment

€49

For the full eight-week programme

One-time fee. Full curriculum, stock pitch, final report, and certificate included.

FAQ

Do I need finance experience to join?+

No. The programme is built for complete beginners. The first three weeks develop the core skills required to analyse financial statements, build a comparable companies table, and prepare a simplified DCF.

How much time does this take per week?+

Approximately 3 to 4 hours per week across the full eight-week programme.

Who is this for?+

Anyone building the analytical judgement expected on a deal team or research desk, whether you are studying, changing direction, or preparing for interviews.

What do I get at the end?+

A Certificate of Completion, a completed valuation toolkit, a defended stock pitch, and an individual final report reviewed by our Strategic Advisory Board.

Which final report format should I choose?+

You choose in Week 5 from three formats: Deconstruct the Deal, The Advisory Pitch, or The Industry Flow Report. Each format applies the analytical skills developed in the first four weeks.