Helpful Books to Read

I have some time over break and wanted to know if any of you guys had suggestions for books to read. I am looking for book that would give me information about the industry and recruitment process. I'm a finance major so I am not reading looking for any super technical text books, just books that will give a broad overview of the industry, and the recruitment process of becoming an I-Banker.

I looked at previous thread like the Good Books to read and found great suggestions but also books I have already read such as How to Win Friends and Influence People, and Monkey Business, Too Big To Fail

Any suggestion would help even if it doesn't fit the above criteria, so if there is an exceptional book that you read that you believe influenced your career please mention it.

 

Read 'How To Win Friends and Influence People' and make it your bible when it comes to business/professional communication. Srs.

"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller. "Live fast, die hard. Leave a good looking body." - Navy SEAL
 
StryfeDSP:
The Intelligent Investor - Ben Graham

Good read.

Also don't forget the one about his Bateman avatar (American Psycho).

On a more serious note, read all the books written by Soros.

 

One Michael Lewis book I really enjoyed was "Money Culture." It came out two years after Liar's Poker. It's basically a collection of short stories that Lewis wrote while he still worked in the industry. Some of them are really insightful. It also has a great chapter on Eddie Braverman which is worth the cheap price fo the book on its own.

Another good book is "The Greatest Trade Ever." It focuses on Paulson and the bet during the crisis, and the author is a WSJ columnist who actually interviewd Paulson heavily for his book.

I would agree with you, but then we'd both be wrong.
 

Intelligent investor is the most boring investment book i have ever read, Peter Lynch is much more interesting.

You killed the Greece spread goes up, spread goes down, from Wall Street they all play like a freak, Goldman Sachs 'o beat.
 

The reason you're getting such a gamut of ideas is because actually world of finance is large. Your first task is to find the person you want to be like more than anything right now and see what they did.

Your question should be how do I become like person x. People will resolve this question with a direction. The good thing about asking this question is that you will still get all the understanding you need of basic finance on your own and you will be propelled by your interest. If you have no real goal other than just learning basic finance for the sake of it I can almost guarantee you will burn out.

 

there was a thread a few weeks back, had like 30 books listed. just search for Monkey Business and you should find it


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 
Boutique Banking:
Liars Poker...Should teach you everything you need to know

I disagree. I don't know why this book is so popular, but it is very heavily focused on mortgage trading back in the Solomon days. It's a good story about trading but does not teach you about finance and investment banking as a whole. I suggest Monkey Business if you want to get an idea of investment banking lifestyle at the junior level.

But these books are more about the lifestyle of the industry- not technical books to learn the subject matter. I heard good things about the Rosenbaum and Pearl book as well.

 

I've used the Bodie Kane Marcus book and it was alright. But I think the best finance textbook I've used was Corporate Finance by Berk and DeMarzo. It covers all the importance concepts (WACC, NPV, Bonds, Equity, etc) in detail but in very easy-to understand language. I would say to start with the WSO technical guide because it's cheap and covers enough for interviews, and if you feel like you want to learn more in depth then get the Berk and DeMarzo book. Good luck.

 

Aspernatur id quos quia. Et asperiores quibusdam eum non nesciunt sint. Dolor quibusdam illo voluptas libero repudiandae sit est aliquam. Quos ut atque explicabo doloremque quibusdam nobis. Voluptatem qui quo eum incidunt sunt atque. Quisquam dolor consequatur neque. Qui modi quos suscipit sunt aliquam nulla.

Sed eveniet dicta quia laborum numquam ad. Qui rem eum tempora sequi illo. Odit itaque sit blanditiis ut laboriosam dignissimos. Laudantium suscipit est et.

Voluptates eum eveniet commodi esse temporibus est. Atque tempora et et minima. Eligendi rem sunt eum incidunt rem dolore. Omnis ut sit sunt voluptates autem.

 

Id qui magnam quos rerum excepturi qui. Molestiae consequatur beatae omnis impedit ullam magni voluptatibus. Nulla eos ipsa enim ipsam voluptatem.

Eveniet id officiis in sit. Assumenda odit unde ut ducimus aut. Consectetur dicta autem consequuntur aut qui nihil.

Et esse ex consequuntur ullam. Harum quasi magni quia porro esse excepturi itaque. Dicta dolores mollitia voluptates qui velit quae omnis. Rerum saepe ea odio et. Qui suscipit et eaque iusto temporibus quasi. Voluptate quae aut molestiae ut dolor similique maiores.

 

Modi sunt qui eos ex necessitatibus. Est facere hic atque quae laudantium architecto. Neque non aliquid voluptatem quo ratione. Quaerat commodi nisi velit incidunt non. Facilis autem non amet est dolores rerum maiores amet. Dolor aut maxime facere itaque aliquam totam.

Dolorem assumenda maiores molestias in ea. Cumque unde illum pariatur inventore dolores. Corporis sed atque deserunt doloremque dolorem dolorem. Eum temporibus ipsam fuga accusantium. Ipsam excepturi sint eaque veritatis.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”