32 books like Investment Banking

By Joshua Rosenbaum, Joshua Pearl,

Here are 32 books that Investment Banking fans have personally recommended if you like Investment Banking. Shepherd is a community of 11,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Valuation: Measuring and Managing the Value of Companies

Michael Samonas Author Of Financial Forecasting, Analysis and Modelling: A Framework for Long-Term Forecasting

From my list on financial modelling and valuation.

Why am I passionate about this?

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. 

Michael's book list on financial modelling and valuation

Michael Samonas Why did Michael love this book?

It is the best reference guide on Valuations.

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.

By McKinsey & Company Inc., Tim Koller, Marc Goedhart , David Wessels

Why should I read it?

1 author picked Valuation as one of their favorite books, and they share why you should read it.

What is this book about?

McKinsey & Company's #1 best-selling guide to corporate valuation-the fully updated seventh edition

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.

Clear, accessible chapters cover the…


Book cover of Expectations Investing: Reading Stock Prices for Better Returns

Michael Samonas Author Of Financial Forecasting, Analysis and Modelling: A Framework for Long-Term Forecasting

From my list on financial modelling and valuation.

Why am I passionate about this?

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. 

Michael's book list on financial modelling and valuation

Michael Samonas Why did Michael love this book?

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.

By Michael J. Mauboussin, Alfred Rappaport,

Why should I read it?

1 author picked Expectations Investing as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of Investment Valuation: Tools and Techniques for Determining the Value of any Asset

Michael Samonas Author Of Financial Forecasting, Analysis and Modelling: A Framework for Long-Term Forecasting

From my list on financial modelling and valuation.

Why am I passionate about this?

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. 

Michael's book list on financial modelling and valuation

Michael Samonas Why did Michael love this book?

Another great resource for businessmen and students alike for Valuations.

Professor Damodaran (which gave praise on the back cover of my book) is considered as one of the world's foremost experts on the topic. He has built and provided, for free, a database at Stern NY University with data used in financial models for valuation purposes.

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.

By Aswath Damodaran,

Why should I read it?

1 author picked Investment Valuation as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street

Michael Samonas Author Of Financial Forecasting, Analysis and Modelling: A Framework for Long-Term Forecasting

From my list on financial modelling and valuation.

Why am I passionate about this?

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. 

Michael's book list on financial modelling and valuation

Michael Samonas Why did Michael love this book?

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.

By Paul D. Sonkin, Paul Johnson,

Why should I read it?

1 author picked Pitch the Perfect Investment as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of The Accidental Investment Banker: Inside the Decade That Transformed Wall Street

Claire A. Hill Author Of Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

From my list on bankers, especially bankers behaving badly.

Why am I passionate about this?

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.

Claire's book list on bankers, especially bankers behaving badly

Claire A. Hill Why did Claire love this book?

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.”  

By Jonathan A. Knee,

Why should I read it?

1 author picked The Accidental Investment Banker as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of Capital

Sarah Edghill Author Of His Other Woman

From my list on domestic dramas making you glad life is normal.

Why am I passionate about this?

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. 

Sarah's book list on domestic dramas making you glad life is normal

Sarah Edghill Why did Sarah love this book?

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.

By John Lanchester,

Why should I read it?

2 authors picked Capital as one of their favorite books, and they share why you should read it.

What is this book about?

** From the author of The Wall **

Adapted into an Emmy Award-winning BBC One drama

'Effortlessly brilliant . . . hugely moving and outrageously funny.' Observer

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…


Book cover of Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room

Donald Angus MacKenzie Author Of Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets

From my list on financial trading and the global financial system.

Why am I passionate about this?

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!

Donald's book list on financial trading and the global financial system

Donald Angus MacKenzie Why did Donald love this book?

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…

By Daniel Beunza,

Why should I read it?

1 author picked Taking the Floor as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of Golden Handcuffs

Chris Wind Author Of This is what happens

From my list on what it's like being female in a sexist society.

Why am I passionate about this?

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. 

Chris' book list on what it's like being female in a sexist society

Chris Wind Why did Chris love this book?

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).  

By Polly Courtney,

Why should I read it?

1 author picked Golden Handcuffs as one of their favorite books, and they share why you should read it.

What is this book about?

"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.

But neither Abby nor Mike is…


Book cover of Girl, Woman, Other

Alice Neikirk Author Of The Elephant Has Two Sets of Teeth: Bhutanese Refugees and Humanitarian Governance

From my list on cross-cultural interactions.

Why am I passionate about this?

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!

Alice's book list on cross-cultural interactions

Alice Neikirk Why did Alice love this book?

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.

By Bernardine Evaristo,

Why should I read it?

5 authors picked Girl, Woman, Other as one of their favorite books, and they share why you should read it.

What is this book about?

NATIONAL BESTSELLER
WINNER OF THE BOOKER PRIZE

“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.…


Book cover of Liar's Poker

Paul Cranwell Author Of A Material Harvest

From my list on thriller novels you will never forget.

Why am I passionate about this?

I’ve been fascinated by thrillers since I was first allowed to read them. My childhood bookcase was full of Hammond Innes, Alistair MacLean, and every Nevil Shute novel. Later, these were joined by many others, not least John Le Carré. Banking gave me an insight into the murky world of money, bringing with it real-life stories as compelling as those I love reading about. My obsession with the genre is not only with elegant, complex plots but also with what motivates the characters to take the extraordinary risks they do in such challenging environments. The five thrillers I’ve chosen are my absolute favorites. I hope you enjoy them.

Paul's book list on thriller novels you will never forget

Paul Cranwell Why did Paul love this book?

Although this book is semi-autobiographical, it is still one of the best financial thrillers for me. I love the build-up of the characters working in the toxic mortgage and junk bond markets of the late 1980s.

I love, too, the way it depicts the moral bankruptcy of the major investment banks and exposes the culture of greed that ultimately led to the financial crash of the late ‘80s, which was to be replicated again many years later.

By Michael Lewis,

Why should I read it?

8 authors picked Liar's Poker as one of their favorite books, and they share why you should read it.

What is this book about?

Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar's Poker is the culmination of those heady, frenzied years-a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game…


5 book lists we think you will like!

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