Personal finance / investing books for young finance professionals

I will start working as an IBD analyst in London from July 2021. This will be the first time I will earn enough money to save / invest a considerable amount of my income. 


While I obviously know quite a bit about the financial industry in general, I am well aware that personal finance / investing is not my core competency as an (aspiring) M&A banker and do not want to make the mistake to base my actions on superficial knowledge or dive in head-first.

Therefore, I would like to do some reading on this topic beforehand..


However, I am afraid that most of the books are either written for complete beginners and do not go much further than "buy and hold forever" and "invest everything in low-cost ETFs" or are already quite specific and do not cover the fundamentals.


I was therefore hoping for book recommendations that lay out a clear way of how to start thinking about your finances and which investments to undertake but are written for people that are already coming from a financial background.

I am aware that this is a very specific request and might require a combination of different books.

Ideally, those books would be more geared towards the UK / European market rather than US (ie with regards to taxation, pension schemes, etc)


I am also grateful for any recommendation that goes beyond books, I am sure many people have been in similar situations when they started their career in finace.


Thanks!

 

Nulla sed praesentium mollitia sit consequatur sit. Consectetur saepe dignissimos ullam magnam ducimus fuga voluptate. Eius aut possimus ipsam quas commodi.

Ipsum fugit ullam ut architecto consequatur. A dicta iste quia quo quae impedit qui. Fugiat nemo voluptas officiis quis alias amet. Hic quo corporis voluptatem veniam tempora dolor est. Eligendi accusantium et et qui. Quam qui qui qui cumque qui suscipit. Et minima temporibus quasi nihil id illo.

Ipsum ratione ut velit. Dolorum assumenda est eaque sapiente est blanditiis sit.

Iste voluptatem ut ratione et perferendis. Aut nostrum dolorem odio dolor beatae rerum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”