20 best books on investment banking – 2023 reading list & recommendations

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The Big Short

by Michael Lewis

A Riveting Journey into the World of Wall Street: The Big Short

Prepare yourself for a wild ride through the high-stakes world of finance with Michael Lewis’ critically acclaimed book, The Big Short. This captivating masterpiece takes you on an exhilarating journey, revealing the inner workings of the investment banking industry.

As you delve into this enthralling narrative, you’ll encounter a group of brilliant misfits who saw the impending collapse of the housing market and, against all odds, decided to bet against it. Lewis masterfully weaves together their stories, painting a vivid picture of the greed, hubris, and sheer madness that characterized the financial world in the early 2000s.

With prose that is both insightful and witty, Lewis demystifies the complex world of investment banking, shedding light on the intricate mechanisms that drove the global economy towards the brink of disaster. He skillfully breaks down complicated financial jargon into easily understandable terms, making this book accessible to both finance enthusiasts and those new to the subject.

Through a combination of in-depth research and compelling storytelling, Lewis invites you to witness the rise and fall of some of the biggest players in the industry. From the infamous subprime mortgage market to the unscrupulous behavior of rating agencies, he exposes the systemic flaws that led to the financial crisis of 2008.

But don’t be fooled by its subject matter; The Big Short is far from a dry textbook. Lewis infuses the narrative with colorful anecdotes, larger-than-life characters, and a healthy dose of humor. You’ll find yourself rooting for the underdogs and marveling at their audacity as they navigate the treacherous waters of Wall Street.

So, if you’re looking for a thrilling, eye-opening read that will provide you with a deeper understanding of the investment banking world, look no further than The Big Short. Whether you’re a finance professional or simply curious about the inner workings of the financial industry, this book is bound to leave you captivated and hungry for more.

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Liar’s Poker

by Michael Lewis

Liar’s Poker is a captivating and eye-opening book on the thrilling world of Wall Street and the high-stakes game of investment banking. Michael Lewis, a former bond salesman, takes readers on an exhilarating journey through the greed, excess, and cutthroat competition that define this fascinating industry.

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Barbarians at the Gate

by Bryan Burrough and John Helyar

Barbarians at the Gate is an electrifying book that takes readers on a thrilling journey into the world of corporate finance and high-stakes deals. This gripping narrative, written by Bryan Burrough and John Helyar, unveils the cutthroat world of investment banking, where greed, ambition, and power collide.

Set in the 1980s, the book chronicles the epic battle for control of RJR Nabisco, a massive American conglomerate. The authors skillfully weave together a fascinating tale of corporate raiders, Wall Street titans, and ruthless executives, all vying to claim the ultimate prize: the Nabisco empire.

Through meticulous research and countless interviews, Burrough and Helyar provide an insider’s look into the complex world of leveraged buyouts, junk bonds, and hostile takeovers. They delve into the minds of the key players, exposing their motivations and strategies, as well as the broader economic and political landscape that shaped these high-stakes maneuvers.

While Barbarians at the Gate is undoubtedly a book about investment banking, it goes beyond mere financial jargon and technicalities. It is a tale of human drama, full of larger-than-life personalities and intense power struggles. The book transports readers into the boardrooms and backrooms where deals are made, alliances are formed, and fortunes are won or lost.

With its fast-paced narrative and compelling storytelling, Barbarians at the Gate is a captivating read for anyone interested in finance, business, or simply the thrill of a gripping tale. This investment banking book is a must-read for those who want to understand the inner workings of corporate America and the forces that shape our economy.

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Too Big to Fail

by Andrew Ross Sorkin

Too Big to Fail by Andrew Ross Sorkin is a gripping book on investment banking that takes readers on a thrilling journey into the heart of the financial crisis. Sorkin, a renowned journalist and author, dives deep into the intricate web of Wall Street, providing an in-depth and compelling account of the events that led to the near collapse of the global financial system.

Through extensive research and insider interviews, Sorkin paints a vivid picture of the key players and their actions during the crisis. He explores the decisions made by top executives at major investment banks, government officials, and regulators, revealing the intense pressure they faced and the consequences of their choices.

This book about investment banking is not just a dry retelling of facts and figures; it is a fast-paced narrative that reads like a thriller. Sorkin’s engaging storytelling style and his ability to bring complex financial concepts to life make this book accessible to both industry insiders and general readers alike.

Too Big to Fail offers a fascinating behind-the-scenes look at the inner workings of Wall Street and provides valuable insights into the risks and rewards of the investment banking industry. It serves as a cautionary tale, reminding us of the fragility of the financial system and the importance of effective regulation and oversight.

If you are looking for an informative and captivating investment banking book that delves into the heart of the financial crisis, Too Big to Fail is a must-read. Sorkin’s masterful storytelling and his deep understanding of the subject matter make this book a standout in the genre.

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When Genius Failed

by Roger Lowenstein

“When Genius Failed” is an enthralling journey through the captivating world of high-stakes finance and the perils of Wall Street. This gripping book delves into the dark underbelly of the financial industry, offering a fascinating insight into the world of investment banking.

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The Quants

by Scott Patterson

The Quants by Scott Patterson is an exhilarating book about the fast-paced world of quantitative finance. It delves into the high-stakes game of Wall Street, shedding light on the secretive and often misunderstood field of quantitative trading. This gripping account takes readers on a rollercoaster journey through the lives and careers of some of the brightest minds in the finance industry, as they use complex mathematical models and algorithms to predict market movements and make huge profits. From the early days of quant trading to the catastrophic financial crisis of 2008, Patterson weaves together a captivating narrative that explores the risks, rewards, and ethical dilemmas faced by those who play this dangerous game. If you’re looking for an insightful and adrenaline-fueled investment banking book, The Quants is a must-read.

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The Buy Side

by Turney Duff

The Buy Side by Turney Duff is a gripping and eye-opening book about the world of investment banking. With a unique insider perspective, Duff takes readers on a thrilling journey through the highs and lows of Wall Street, providing an intimate look into the fast-paced and cutthroat industry.

This investment banking book offers an engrossing account of Duff’s personal experiences as a trader, capturing the intense pressure, outrageous excesses, and addictive allure of the finance world. Through his vivid storytelling, Duff showcases the exhilarating highs of making millions of dollars in a single trade, as well as the devastating lows of losing it all.

But this book is not just about the glamorous and dangerous side of investment banking. Duff also delves into the personal struggles he faced, including his battle with addiction and the toll it took on his career and relationships. With raw honesty and self-reflection, he highlights the dark underbelly of the industry and the harsh realities that many traders face.

What sets The Buy Side apart from other books about investment banking is Duff’s ability to humanize the characters in this high-stakes world. He brings to life the colorful personalities, the intense rivalries, and the relentless pursuit of wealth and success. Through his engaging narrative, readers gain a deeper understanding of the motivations and mindset of those involved in investment banking.

Whether you’re a seasoned finance professional or simply curious about the inner workings of Wall Street, The Buy Side is a must-read. Duff’s compelling storytelling, combined with his unique insights, make this investment banking book a captivating and thought-provoking exploration of a world few truly understand.

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The House of Morgan

by Ron Chernow

The House of Morgan: An Enthralling Tribute to the World of Finance

Are you curious to explore the captivating realm of finance? Look no further than Ron Chernow’s masterpiece, The House of Morgan. This enthralling book delves deep into the world of investment banking, uncovering the hidden stories and remarkable individuals who shaped it.

Spanning over two centuries, Chernow’s narrative takes us on an extraordinary journey through the evolution of one of the most influential financial institutions in history: J.P. Morgan & Co. From its humble beginnings to its rise as a powerhouse on Wall Street, this book is a treasure trove of knowledge for anyone fascinated by the intricacies of finance and the people who navigated its turbulent waters.

Through meticulous research and engaging storytelling, Chernow paints a vivid portrait of the Morgan family and their role in shaping the modern financial landscape. From their involvement in pivotal events like the American Civil War and the Great Depression, to their influence on government policies and international affairs, the Morgans were at the forefront of it all.

But The House of Morgan is not just a book about investment banking; it is a remarkable exploration of the human drama behind the numbers. Chernow brings to life the personalities and rivalries of the Morgan family and their contemporaries, revealing the triumphs and tragedies that shaped their lives and the financial world.

Whether you are a seasoned investor, a history enthusiast, or simply curious about the inner workings of finance, this investment banking book is an absolute must-read. Prepare to be captivated by Chernow’s impeccable storytelling and gain a new appreciation for the fascinating world of investment banking.

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The Partnership

by Charles D. Ellis

The Partnership by Charles D. Ellis is a captivating and insightful book about the world of investment banking. This compelling read delves into the inner workings of one of the most prestigious and influential industries in the financial world.

Ellis takes us on a journey through the history and evolution of investment banking, shedding light on the key players, pivotal moments, and the intricate web of relationships that have shaped this industry. From the earliest days of Wall Street to the modern era of global finance, this book provides a comprehensive look at the forces that have shaped investment banking into what it is today.

Through his extensive research and interviews with industry leaders, Ellis uncovers the secrets and strategies behind the success of some of the most prominent investment banks. He explores the factors that differentiate the best firms from their competitors and offers valuable insights into the qualities that make a partnership successful.

The Partnership goes beyond the surface-level glamour often associated with investment banking and delves into the challenges and sacrifices that come with this high-stakes profession. Ellis explores the impact of the financial crisis, the changing regulatory landscape, and the evolving role of technology in the industry.

Whether you are a seasoned investor, aspiring banker, or simply interested in understanding the complexities of the financial world, The Partnership is a must-read. It provides a fascinating and comprehensive look into the world of investment banking, offering valuable lessons and insights that can be applied to various aspects of life and business.

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The Last Tycoons

by William D. Cohan

The Last Tycoons by William D. Cohan is a riveting and eye-opening book that takes readers on a wild ride through the tumultuous world of high finance and Wall Street. This captivating book offers a fascinating and in-depth look at the inner workings of the investment banking industry, providing readers with a front-row seat to the exhilarating highs and devastating lows that come with the territory.

With its intricate storytelling and meticulous research, The Last Tycoons paints a vivid portrait of the power players and financial moguls who have shaped the investment banking landscape over the years. Cohan delves into the lives and careers of these tycoons, revealing their triumphs, scandals, and everything in between.

Through his unparalleled access and expert analysis, Cohan brings to life the cutthroat world of deal-making, mergers, and acquisitions. He explores the inner workings of iconic firms such as Goldman Sachs, Morgan Stanley, and Lehman Brothers, providing readers with a behind-the-scenes look at the wheeling and dealing that goes on behind closed doors.

More than just a book about investment banking, The Last Tycoons offers a profound exploration of greed, ambition, and the all-consuming pursuit of wealth. Cohan’s engaging storytelling and meticulous attention to detail make this book a must-read for anyone interested in the high-stakes world of finance.

Whether you’re a seasoned investor, a finance enthusiast, or simply curious about the inner workings of Wall Street, The Last Tycoons is an enthralling and enlightening journey through the complex world of investment banking. Prepare to be captivated from start to finish as Cohan unveils the untold stories and hidden truths of this fascinating industry.

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The End of Wall Street

by Roger Lowenstein

The End of Wall Street by Roger Lowenstein is a captivating book on the intricacies and downfall of the world of investment banking. Lowenstein, a renowned financial journalist and author, delves into the heart of this fast-paced and high-risk industry, shedding light on the greed, hubris, and corruption that ultimately led to the catastrophic financial crisis of 2008.

Through meticulous research and compelling storytelling, Lowenstein takes readers on a thrilling journey, exploring the inner workings of investment banks, the complex financial instruments they created, and the dangerous practices that contributed to their downfall. This book about investment banking is a riveting exposé that reveals the shocking truth behind the collapse of some of Wall Street’s most prominent institutions.

Lowenstein’s writing style is engaging and accessible, making complex financial concepts easy to understand for readers of all backgrounds. He weaves together personal anecdotes, interviews with key players, and a deep understanding of the industry to create a narrative that is both informative and entertaining.

The End of Wall Street is a must-read for anyone interested in understanding the inner workings of investment banking and the factors that led to the global financial crisis. Whether you are a finance professional, a student of economics, or simply someone curious about the inner workings of the financial world, this investment banking book will leave you with a deeper understanding of the risks, rewards, and consequences of Wall Street’s actions.

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The Greatest Trade Ever

by Gregory Zuckerman

The Greatest Trade Ever: A Remarkable Story of How a Few Big Investors Made Billions from the Collapse of Subprime Mortgages by Gregory Zuckerman is a fascinating book about the world of investment banking and the incredible profits made by a small group of savvy investors during the subprime mortgage crisis.

In this gripping account, Zuckerman takes us on a rollercoaster ride through the high-stakes world of Wall Street, where fortunes are made and lost in the blink of an eye. He introduces us to a cast of characters who saw the impending crash and decided to bet against the market, making billions in the process.

Using his exceptional storytelling skills, Zuckerman brings to life the intense pressure and cutthroat competition of the investment banking industry. From the secretive hedge fund managers who predicted the collapse of the housing market to the traders who executed the largest trades in history, this book is a thrilling and eye-opening look into the inner workings of Wall Street.

With his meticulous research and access to insider information, Zuckerman provides a detailed account of the events leading up to the financial crisis and the subsequent fallout. He explains complex financial concepts in a way that is accessible to both finance professionals and lay readers, making this book a must-read for anyone interested in understanding the inner workings of the financial industry.

Whether you’re a seasoned investor or simply curious about the world of investment banking, The Greatest Trade Ever is a captivating read that will leave you both educated and entertained. Zuckerman’s storytelling skills, combined with his deep knowledge of the subject matter, make this book a true masterpiece in the genre of investment banking literature.

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The Asylum

by Leah McGrath Goodman

‘The Asylum’ by Leah McGrath Goodman is an exhilarating journey into the mysterious and high-stakes world of finance. This captivating book delves deep into the inner workings of the financial industry, shining a light on the secretive realm of investment banking.

With meticulous research and compelling storytelling, Goodman takes us on a rollercoaster ride through the corridors of power, exposing the greed, corruption, and power struggles that plague this enigmatic world. She sheds light on the hidden forces that shape global economies and the lives of ordinary people.

Through her vivid narratives and in-depth analysis, Goodman peels back the layers of complexity surrounding investment banking, revealing the inner workings of this ‘asylum’ where fortunes are made and lost in the blink of an eye. She explores the intricate web of financial instruments, complex derivatives, and high-stakes trading that define this elusive industry.

Goodman’s ‘The Asylum’ offers readers a front-row seat to the inner sanctum of investment banking, where deals are struck, fortunes are made, and the fate of nations hangs in the balance. It is a captivating and eye-opening exploration of a world that few truly understand.

If you’re fascinated by the inner workings of finance, the power players behind the scenes, and the impact of their actions on our everyday lives, ‘The Asylum’ is a must-read. Prepare to be enthralled by this gripping and insightful journey into the heart of investment banking.

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The Money Culture

by Michael Lewis

The Money Culture by Michael Lewis is a captivating book about the world of investment banking. Lewis takes readers on a thrilling journey through the high-stakes world of finance, providing a behind-the-scenes look at the inner workings of Wall Street.

This riveting account explores the greed, ambition, and excess that drive the investment banking industry. Lewis delves into the lives of the men and women who dominate this world, revealing their larger-than-life personalities and the extraordinary risks they take to make profits.

With his trademark wit and insightful storytelling, Lewis offers a fresh perspective on the financial industry, shedding light on the intricate web of power, money, and influence that shapes our economy. Whether you’re a seasoned investor or simply curious about the inner workings of Wall Street, this investment banking book is a must-read.

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The Fall of the House of Lehman

by Larry McDonald

The Fall of the House of Lehman by Larry McDonald is a gripping and eye-opening book on the world of investment banking. Taking readers on a rollercoaster ride through the rise and fall of one of Wall Street’s most iconic institutions, this book offers a fascinating glimpse into the inner workings of the financial world.

With a captivating narrative and a wealth of insider knowledge, McDonald delves deep into the intricacies of investment banking, revealing the high-stakes deals, power struggles, and risky decisions that ultimately led to Lehman Brothers’ catastrophic collapse in 2008.

This book about investment banking provides a unique perspective, as McDonald himself was a high-ranking executive at Lehman Brothers and witnessed firsthand the events that unfolded. His personal experiences and insights offer a rare glimpse into the realities of the industry, making this a must-read for anyone interested in the world of finance.

From the exhilarating highs of billion-dollar deals to the devastating lows of bankruptcy, The Fall of the House of Lehman is a gripping investment banking book that will keep you hooked from start to finish. McDonald’s compelling storytelling and in-depth analysis make this an essential read for anyone seeking to understand the inner workings of Wall Street and the lessons learned from one of the most notorious collapses in financial history.

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The Age of Turbulence

by Alan Greenspan

The Age of Turbulence by Alan Greenspan is an enthralling book on investment banking that takes readers on a captivating journey through the tumultuous world of finance. Greenspan, the former chairman of the Federal Reserve, offers a unique perspective on the inner workings of the financial industry, making this a must-read for anyone interested in the intricacies of global economics.

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The Outsiders

by William N. Thorndike

The Outsiders by William N. Thorndike is a captivating book on the world of corporate management and strategy, shining a light on the often overlooked art of capital allocation. While not explicitly a book about investment banking, it delves into the practices and principles that resonate with the world of finance, making it a must-read for anyone interested in the intricacies of managing capital.

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The Bankers’ New Clothes

by Anat Admati and Martin Hellwig

The Bankers’ New Clothes is a captivating book about the intriguing world of finance and the role of banks in our society. This eye-opening masterpiece by Anat Admati and Martin Hellwig dives deep into the inner workings of the banking industry, shedding light on the hidden truths and misconceptions that surround it.

With its thought-provoking analysis and persuasive arguments, The Bankers’ New Clothes challenges the conventional wisdom and myths surrounding investment banking. It presents a fresh perspective on the risks and vulnerabilities that banks pose to our economy and offers a compelling case for much-needed reform.

Admati and Hellwig, both renowned experts in the field, provide a comprehensive examination of the banking sector’s structure, practices, and regulations. They dissect the intricate web of relationships between banks, governments, and society, exposing the flaws and weaknesses that have perpetuated a system of excessive risk-taking and instability.

By demystifying complex financial concepts and using accessible language, the authors ensure that readers from all backgrounds can grasp the essence of their arguments. They dismantle the notion that banks need to be excessively leveraged and demonstrate how higher capital requirements can strengthen the stability and resilience of the financial system.

The Bankers’ New Clothes is not just another investment banking book; it is a wake-up call for policymakers, regulators, and the general public. Admati and Hellwig make a compelling case for urgent action to address the structural problems that plague the banking industry. Their work is a call to arms for individuals to demand a more accountable and safer financial system.

If you are curious about the inner workings of the banking industry, if you want to understand the true risks posed by banks, or if you simply crave a captivating read that challenges your preconceived notions, The Bankers’ New Clothes is a must-read. Prepare to have your eyes opened and your perspective transformed.

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The Alchemists

by Neil Irwin

The Alchemists: A captivating delve into the world of finance

If you’re seeking a thrilling journey into the mysterious realms of high finance, look no further. Neil Irwin’s extraordinary book, The Alchemists, provides an enthralling inside look at the intricate world of investment banking.

Prepare yourself for an intellectual adventure as Irwin masterfully unravels the intricacies of this captivating industry. With vivid storytelling and meticulous research, he takes readers on a rollercoaster ride through the tumultuous events that shaped modern finance.

With the turn of every page, Irwin unveils the hidden secrets and unknown truths that lie behind the cloak of investment banking. He skillfully demystifies complex financial jargon, making it accessible to both novices and experts alike.

Throughout the book, Irwin introduces readers to the brilliant minds and powerful players who have shaped the financial landscape. From central bankers to Wall Street titans, their stories intertwine to create a gripping narrative that will leave you hungry for more.

But The Alchemists is not just a book about investment banking. It’s a tale of ambition, greed, and the pursuit of power. It’s a story that reveals the delicate balance between the global economy and the decisions made by a few individuals who hold the world’s financial fate in their hands.

So, if you’re ready to embark on a thrilling adventure through the realms of finance, this investment banking book is the perfect choice. From the breathtaking highs to the devastating lows, The Alchemists will keep you on the edge of your seat, eager to uncover the secrets that lie within the world of high finance.

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The Myth of the Rational Market

by Justin Fox

The Myth of the Rational Market by Justin Fox is a captivating book that delves into the fascinating world of finance and challenges the widely held belief that the stock market is rational. In this eye-opening exploration of the financial industry, Fox takes us on a journey through the history of investing, debunking the myth of rationality along the way.

Far from being just another dry, technical book about investment banking, The Myth of the Rational Market is a captivating narrative that grips readers from the very first page. Fox skillfully weaves together stories of iconic figures in finance, such as John Maynard Keynes and Eugene Fama, to illustrate the evolution of the market and the flawed assumptions that have shaped it.

This investment banking book takes a critical look at the Efficient Market Hypothesis, a theory that suggests that all available information is already reflected in stock prices, leaving no room for investors to outperform the market. Fox challenges this notion and argues that irrational behavior is deeply ingrained in the markets, leading to bubbles, crashes, and financial crises.

By exploring the psychological and sociological factors that influence investor behavior, The Myth of the Rational Market ultimately reveals how the financial industry is driven by a complex interplay of emotions, biases, and herd mentality. Through engaging storytelling and rigorous research, Fox provides a thought-provoking critique of the rationality assumption and offers a more nuanced understanding of the stock market.

So, if you’re looking for an investment banking book that goes beyond the traditional narratives and presents a fresh perspective on the world of finance, The Myth of the Rational Market is a must-read. Prepare to have your beliefs challenged and your understanding of the market transformed.