Here are 28 books that Investment Banking fans have personally recommended if you like
Investment Banking.
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I come from an engineering background and early in my career I discover financial modelling as I had to assess the viability of business plans. I deal with financial models the last 20 years of my professional carrier as a Group Financial Officer of SIDMA STEEL SA. Moreover, I am teaching financial modelling in the American College of Greece, Deree, at University of Nicosia in collaboration with Globaltraing and many other places abroad. I am a numbers person, and I am fascinated by financial modelling as it provides you a tool to support effective decision-making.
Includes a chapter on forecasting performance which is closely related to my book. It’s mainly focused on Discounted Cash Flow valuation adapted for many including banks, high-growth, cyclical companies, Emerging Markets, etc).
There exists also a version that gives access to the Excel spreadsheet that one can use to model future financial performance of companies and value them.
Valuation has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.
This latest edition has been carefully revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies.
I come from an engineering background and early in my career I discover financial modelling as I had to assess the viability of business plans. I deal with financial models the last 20 years of my professional carrier as a Group Financial Officer of SIDMA STEEL SA. Moreover, I am teaching financial modelling in the American College of Greece, Deree, at University of Nicosia in collaboration with Globaltraing and many other places abroad. I am a numbers person, and I am fascinated by financial modelling as it provides you a tool to support effective decision-making.
Again, this is the kind of book that demonstrates practically how to forecast financial performance of a company and then value it.
It goes a step further and, as the title proclaims, the authors try to reverse engineer a price of a stock and match investors’ expectations with specific assumptions of the model. One of these assumptions is the growth period. This contrasts with the conventional practice of discounting a fixed growth period of five or ten years.
The book provides Excel models, backed up by the proper math, that are very helpful in deconstructing a share price to model assumptions and see if they are plausible or not.
Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value.
Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial results. After showing how to read expectations, Mauboussin and Rappaport provide a guide to rigorous strategic and financial analysis to help investors assess the likelihood of revisions to these expectations. Their framework traces value creation from the triggers that shape…
I come from an engineering background and early in my career I discover financial modelling as I had to assess the viability of business plans. I deal with financial models the last 20 years of my professional carrier as a Group Financial Officer of SIDMA STEEL SA. Moreover, I am teaching financial modelling in the American College of Greece, Deree, at University of Nicosia in collaboration with Globaltraing and many other places abroad. I am a numbers person, and I am fascinated by financial modelling as it provides you a tool to support effective decision-making.
The book gathers a vast number of valuation techniques and gives great background and context for applying them and when they will tend to provide good information and when they can be misleading.
The definitive source of information on all topics related to investment valuation tools and techniques Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among students of financial markets and investors, Aswath Damodaran'sInvestment Valuation. Now completely revised and updated to reflect…
I come from an engineering background and early in my career I discover financial modelling as I had to assess the viability of business plans. I deal with financial models the last 20 years of my professional carrier as a Group Financial Officer of SIDMA STEEL SA. Moreover, I am teaching financial modelling in the American College of Greece, Deree, at University of Nicosia in collaboration with Globaltraing and many other places abroad. I am a numbers person, and I am fascinated by financial modelling as it provides you a tool to support effective decision-making.
Very good book covering the full investment process from the valuation of a business, to identifying a mispricing, to recognizing potential biases, and finally adding a business into a portfolio.
The concepts the book is dealing with, are derived from the Value Investing School at Columbia University where both the authors teach. The main raison d'être somebody would like to build a financial model is to use it to value an asset or a company.
I highly recommend it for the practical tips it provides on the valuation process.
Learn the overlooked skill that is essential to Wall Street success Pitch the Perfect Investment combines investment analysis with persuasion and sales to teach you the "soft skill" so crucial to success in the financial markets. Written by the leading authorities in investment pitching, this book shows you how to develop and exploit the essential, career-advancing skill of pitching value-creating ideas to win over clients and investors. You'll gain world-class insight into search strategy, data collection and research, securities analysis, and risk assessment and management to help you uncover the perfect opportunity; you'll then strengthen your critical thinking skills and…
I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.
This book is a wry look at investment banking from the inside. The author, a banker and professor school professor, provides a rich and entertaining perspective on banks and bankers.
The book captures an era when banks were changing dramatically, and, some might say, were getting less genteel. The author is really gifted at conjuring up and caricaturing some of banking’s pathologies.
I particularly loved the culminatory line in an account of junior analysts’ jobs in preparing “pitch books” – the analysts had to tout the bank’s “number one” status, and, scrambling to find something the bank was number one in, might fantasize about saying “We have 100% market share of all deals we did.”
Jonathan A. Knee had a ringside seat during the go-go, boom-and-bust decade and into the 21st century, at the two most prestigious investment banks on Wall Street-Goldman Sachs and Morgan Stanley. In this candid and irreverent insider's account of an industry in free fall, Knee captures an exhilarating era of fabulous deal-making in a free-wheeling Internet economy-and the catastrophe that followed when the bubble burst. Populated with power players, back stabbers, celebrity bankers, and godzillionaires, here is a vivid account of the dramatic upheaval that took place in investment banking. Indeed, Knee entered an industry that was typified by the…
I'm a sociologist at the University of Edinburgh, and for almost fifty years I’ve researched a large variety of topics, from the story of the guidance systems of nuclear missiles to the instantaneous auctions that, today, determine the ads you are shown online. But I keep returning to the topic of trading and the global financial system. The processes that lie behind this shape our lives in profound ways, but they are often both complicated and opaque. We need reliable guides for them, and the authors and books that I am recommending are among the very best guides!
Taking the Floor is the story of a 20-year intellectual odyssey, by Daniel Beunza, one of the world’s most insightful analysts of the financial system. He delves in-depth into the organization of a Wall Street trading room, beginning with him negotiating access to it when he was working on his PhD. He also reveals how later conversations with key people in the trading room made him rethink many of his first impressions, showing him that what he took to be a typical form of organization was actually very deliberately designed to be unusual.
I particularly admire Beunza’s nuanced take (co-developed with the sociologist David Stark) on how traders use mathematical models. Traders are far from the naïve users of models that they are often portrayed as being, and instead often use models in a sophisticated way, not as guides to the truth of markets but as insights into what their…
An inside look at a Wall Street trading room and what this reveals about today's financial system
Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured-organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging…
I love writing about families and what makes them tick: the minor dramas being played out behind every front door, make for intriguing reading. As a journalist, I have interviewed so many people with fascinating stories to tell, and with my fiction I throw my characters into a tricky situation and see what unfolds. Inevitably, if you pull one playing card from the bottom, the whole house of cards comes tumbling down. When faced with unexpected challenges, my characters often behave badly, make poor decisions and get themselves into the kind of mess that makes you want to read one more chapter before turning out the light at night.
This book follows a year in the lives of the occupants of a London street and the people who work for them. The guaranteed wealth of those who are lucky enough to own houses in the street – where property prices have soared – is contrasted with the struggles of those who keep the lives of the homeowners on track: the Polish builder, the Hungarian nanny, the Kamal family who run the shop at the end of the road. This is a moral fable about money, but it’s also a witty, perceptive story that gallops along and is hard to put down.
The residents of Pepys Road, London - a banker and his shopaholic wife, an elderly woman dying of a brain tumour, the Pakistani family who run the local shop, the young football star from Senegal and his minder - all receive anonymous postcards with a simple message: We Want What You Have. Who is behind it? What do they want?
As the mystery of the postcards deepens, the world around Pepys Road is…
I started keeping a journal when I was fifteen. Ten years later, I had the raw material for Fugue, a portrait of the artist as a young woman (I had read Joyce's Portrait of the Artist as a Young Man) that ends in celebration, rather than suicide (I had also recently read Plath's The Belljar). It did not get published. Thirty years later, I had so little, far too little, to celebrate. The portrait had become one of relentless frustration and persistent failure, despite my continued effort ... so much effort ... And so I wrote This is what happens, dedicating it to all the passionate, hard-working, competent women — it's not you.
Although this novel focuses on the world of investment banking, I list it here because it shows the difference between being a female working in finance and being a male working in finance; like This is what happens, it shows the impact of sexism on one woman's professional life, her dream, her ambition, her failure to achieve the former despite the latter.
I read it quite a while ago but was reminded of it while reading recently about the recent Martin/Nicole thing (wherein they switched email addresses, so Martin experienced what it was like to be Nicole for a couple of weeks) ("Folks, it sucked" was his summary).
"A job at Cray McKinley is whatever you make of it. For the real high flyers, there's no limit to what you can achieve."
Abby is a high flyer. But she's not your average banker. Driven by something other than money and status, she has her own reasons for climbing the ladder.
And so does Mike. An ambitious young graduate with an equally impressive CV, Mike is in it for the six-figure salaries and fast cars. He's got the skills, the grades and the swagger to make it all the way to the top.
I grew up in a small, rural community that is perhaps best defined by cold, grey, rainy days – perfect reading weather. I developed an interest in learning about different places and cultures through books. Then I started traveling and my interest turned into a passion, that transformed my educational journey. I completed a Masters and PhD in Anthropology and did my field research for my degree in Australia and Nepal. I still love to learn about new cultures, though the children have meant less traveling and more adventuring via books!
Girl, Woman, Other was the book I recommended to all my friends and family this year in our Christmas newsletter (yes, we are one of those families).
It follows twelve characters across two generations in the United Kingdom. Massive cultural shifts occur, socio-economic status changes, and children grow up.
At first glance, this might not appear to be a book about cross-cultural interactions but the relationship between the mother and daughter at the centre of the story highlight the monumental shifts that can occur in a lifetime.
“A must-read about modern Britain and womanhood . . . An impressive, fierce novel about the lives of black British families, their struggles, pains, laughter, longings and loves . . . Her style is passionate, razor-sharp, brimming with energy and humor. There is never a single moment of dullness in this book and the pace does not allow you to turn away from its momentum.” —Booker Prize Judges
Bernardine Evaristo is the winner of the 2019 Booker Prize and the first black woman to receive this highest literary honor in the English language.…
I'm a sociologist at the University of Edinburgh, and for almost fifty years I’ve researched a large variety of topics, from the story of the guidance systems of nuclear missiles to the instantaneous auctions that, today, determine the ads you are shown online. But I keep returning to the topic of trading and the global financial system. The processes that lie behind this shape our lives in profound ways, but they are often both complicated and opaque. We need reliable guides for them, and the authors and books that I am recommending are among the very best guides!
From the 1980s onwards, one of the best ways to get rich has been to land a job as an investment banker or other highly paid financial professional. You might have thought that this required an economics degree and advanced mathematics, but one of my students discovered that what a leading investment-management firm most liked about her was that she was a near-professional-level cellist! That’s an example of what the famous sociologist Pierre Bourdieu calls ‘cultural capital’: skills, tastes, and so on that are highly regarded (even if not directly relevant to the job at hand).
Karen Ho landed a job at an investment bank but seized on it as an opportunity to gain insights into what it took to become successful at the pinnacle of the global financial system. She has also researched in-depth the processes by which students at elite Ivy League universities such as Princeton and Harvard…
Financial collapses-whether of the junk bond market, the Internet bubble, or the highly leveraged housing market-are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.
Interested in
investment banking,
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