Corporate Finance: online course with internship agreement
The Corporate Finance course teaches you to decide whether an investment creates value and how to fund it. You will discount cash flows with the NPV rule, price bonds, estimate beta and WACC, stress-test projects with scenarios and real options, and apply CSRD, SFDR and ISSB disclosure rules. It runs for 180 days, 100 % online at your own pace, with an internship agreement included, for €200.
- 180 days of access
- 100 % online, at your own pace
- Level: beginner · Comfort with percentages and basic arithmetic
- Assessment: 10 quizzes (50 questions) and a final project
- Internship agreement included
- Certificate with a verifiable QR code
- Languages: Spanish, English, French
- Price: €200
Who it is for
- Graduates preparing for analyst roles in corporate development or FP&A
- Finance and accounting staff who want to build and challenge investment business cases
- Professionals who need to understand the cost of capital and how projects are funded
- Anyone who has to apply sustainability disclosure rules to financing or M&A decisions
What do you need to start?
Prior knowledge
- No prior finance knowledge is required: the course starts from corporate goals and the time value of money
- Comfort with percentages, averages and simple formulas, as the topics involve worked numerical examples
- Willingness to read business cases and turn them into cash-flow forecasts
Software and equipment
- A computer with an internet connection
- A spreadsheet application is useful for practising the cash-flow, beta and WACC calculations; the materials do not name a specific program
What you'll be able to do
- Calculate the net present value of a project and give a go/no-go recommendation
- Value a corporate bond and explain how its price responds to interest rate changes
- Estimate a stock's beta and use CAPM to find a required return, including portfolio beta
- Build a weighted average cost of capital for a company, including one without a share price
- Stress-test an NPV with sensitivity, scenario and break-even analysis
- Value options to expand, abandon or defer a staged investment, and spot when deferral costs too much
- Classify which disclosure regime applies to an entity and compute a sustainability-linked loan's margin ratchet
- Diagnose overconfidence, herding, loss aversion and anchoring in a described market decision
Skills you will practise
- NPV and discounting
- Bond valuation
- CAPM and beta
- WACC
- Sensitivity and scenario analysis
- Real options
- Efficient market hypothesis
- Behavioural biases
- CSRD, ESRS and ISSB
- Sustainability-linked loans
Syllabus
- Corporate Goals, Governance and the Agency Problem — Introduces the two central questions of corporate finance — which investments to make and how to fund them — and the conflicts between managers and owners.
- Time Value of Money and the NPV Rule — Discounting projected cash flows to test whether a business case actually creates value, using the net present value rule.
- Bond Valuation and the Term Structure of Interest Rates — How companies raise debt through corporate bonds, how bonds are priced and why the same bond's value changes as rates move.
- Risk, Return and Diversification — Measuring risk with standard deviation, separating diversifiable from market risk, estimating beta and applying CAPM to stocks and portfolios.
- Cost of Capital and WACC — Building the discount rate for a valuation, including private companies with no share price and business units with different risk profiles.
- Real Options and Scenario Analysis in Capital Budgeting — Sensitivity, scenario and break-even analysis, plus valuing the options to expand, abandon or defer an investment.
- Strategy, Economic Rents and Market-Value Thinking — Asking why a project would earn more than its cost of capital, and how competition, barriers and concessions affect that answer.
- Market Efficiency and Behavioural Finance — The three forms of the efficient market hypothesis, the limits to arbitrage during short squeezes, and four common behavioural biases.
- Sustainability Disclosure: CSRD, SFDR and ISSB — Which disclosure regime applies to each group entity, how sustainability-linked loans change financing costs, and disclosure risks inherited in acquisitions.
- AI, Digital Assets and the 2026 Finance Job Market — An evidence-based look at how AI tools change analyst work and how treasury teams weigh holding digital assets such as bitcoin.
Internship agreement
With this course, an intern could support a corporate development, FP&A or treasury team: building cash-flow forecasts and NPV models for business cases, estimating a discount rate, or preparing sensitivity and scenario tables for an investment committee. Tasks could also include gathering data for sustainability reporting or reviewing the financing terms of a credit facility.
The internship can run at the same time as the course, within the 180 days of access.
Frequently asked questions
What kind of finance role does the Corporate Finance course prepare me for?
The Corporate Finance course is built around the work of analysts in corporate development, financial planning and analysis (FP&A), treasury and investment banking. Its topics follow the decisions these teams make daily: assessing whether a project creates value with NPV, choosing between bank loans, bonds and cash, estimating the cost of capital, stress-testing forecasts and checking which sustainability disclosure rules apply to financing and acquisitions.
What could I do during the internship, and who finds the company?
You find the host company yourself; the school then issues the internship agreement and its annex, and the company signs electronically, usually within one or two working days. Suitable placements are in finance, FP&A, treasury or corporate development departments, where you could model project cash flows, calculate NPV and WACC, prepare scenario analyses or help collect data for sustainability reporting.
Which methods, models and regulations does the course cover?
The course covers the NPV rule, bond pricing and the term structure of interest rates, standard deviation, beta and the Capital Asset Pricing Model (CAPM), and the weighted average cost of capital (WACC). It also covers sensitivity, scenario and break-even analysis, real options, the efficient market hypothesis, and sustainability rules: the EU's CSRD with ESRS, SFDR, ISSB standards IFRS S1 and S2, and California SB 253 and 261.
Is learning the theory of finance enough to start working as an analyst?
The final topic of the course compares finance to a driving test: you can memorise every rule of the road, but nobody hands you the licence until you have spent real hours behind the wheel. That is why the course combines theory modules with an internship at a host company and a final project, so you apply valuation and cost-of-capital work to real tasks, with a certificate verifiable by QR code on completion.
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Content updated: 07/10/2026