Beyond Spreadsheets: Cultivating World-Class Investment Judgment
Institutional Equity Analyst Training Program
Why Most Analyst Training Falls Short
Many training services offer basic Excel modeling courses and label them as analyst training. This addresses only a fraction of the skills required. True equity analysis is a holistic discipline combining technical rigor, strategic thinking, and seasoned judgment. Our program goes beyond theory. It equips analysts to think critically, make strategic decisions, and gain a true investment edge.
Mechanics over judgment
Analysts learn how to build models, but not how to think critically about businesses.
Theory without context
Frameworks are taught without real-world decision pressure or accountability.
No sustained mentorship
Skills are introduced but not embedded through practice and feedback.
Elite analysts are developed through experience, judgment, and disciplined mentorship — not spreadsheets alone.
Built by a Practitioner, Not a Theorist
The Institutional Equity Analyst Training Program (EATP) is the culmination of 26 years of frontline experience by Vaughan Henkel, CIO of Cyclist Investments.
As a former #1 rated analyst and Head of research at JP Morgan, RMB Morgan Stanley and PSG Wealth, Vaughan has personally trained over 100 analysts – from graduate level to seasoned professionals.
This is not a theoretical curriculum. It is a proven system for building and mentoring elite analytical teams.
Frontline Equity Research Experience
Trained Across Market Cycles
EATP Program Overview
A Two-Phase Approach to Mastery
The program is designed to build strong analytical foundations and then embed them through continuous application and mentorship.
Phase 1
The 3-Day Immersion Bootcamp (In-Person)
Objective:
To establish a strong professional partnership, assess the team’s current capabilities, and lay the foundation for world-class equity analysis.
Key Outcomes:
Format:
Interactive workshops, hands-on financial modeling, and real-world case studies led by Vaughan Henkel.
Core Curriculum Modules
Phase 2
Sustained Mentorship & Applied Learning (Weekly Virtual)
Objective:
To transform foundational knowledge into ingrained skill through continuous practice, personalized feedback, and a culture of collaborative rigor.
Our Learning Philosophy
We believe mastery is a circular process of Teach, Do, Review, Present. This iterative cycle ensures skills are not just learned but mastered through application, feedback, and repetition.
Accountability & Performance Tracking
- The team leader or business sponsor receives written feedback for each analyst after weekly sessions, enabling you to monitor progress and development closely.
- Clear delineation of roles between our mentorship and your management ensures a seamless and accountable partnership.
Contact us
Invest in Your Team's Edge.
Move Beyond the Spreadsheet.
Contact us to schedule a discovery call and tailor the program to your institution’s specific needs and team dynamics.
