Investment Banking Books: Evergreen Collection of 20 Must-Reads

Are you looking to dive deeper into the world of investment banking? Look no further! We’ve compiled a list of the 20 best books about investment banking that will provide you with invaluable insights and knowledge. Whether you’re a seasoned professional or just starting out, these books offer a comprehensive look at the industry, its history, and the strategies that drive it. From the fundamentals of finance to insider perspectives on deal-making, each book on investment banking is sure to equip you with the tools you need to succeed. Let’s explore the top recommendations for investment banking books that will take your understanding to the next level.

20 Best Investment Banking Books

The Big Short

by Michael Lewis

The Big Short by Michael Lewis is a captivating book about the 2008 financial crisis, offering a fascinating look at the world of finance and the individuals who predicted the collapse of the housing market. Lewis takes readers on a rollercoaster ride through the complexities of the investment banking industry, unraveling the web of deceit and greed that led to the economic meltdown. With his signature storytelling style, Lewis brings to life the characters who saw the impending disaster and bet against the market, making billions in the process. This investment banking book is a gripping narrative that delves into the inner workings of Wall Street, exposing the flaws and corruption that ultimately led to the crisis. The Big Short is a must-read for anyone interested in understanding the intricacies of the financial world and the events that led to one of the most significant economic downturns in history.

Liar’s Poker

by Michael Lewis

Liar’s Poker by Michael Lewis is a captivating and entertaining book about the world of investment banking. Lewis takes readers on a wild ride through the high-stakes world of Wall Street in the 1980s, giving an insider’s perspective on the cutthroat culture and larger-than-life personalities that dominated the industry at the time. The book provides a firsthand account of the author’s own experiences working at Salomon Brothers, one of the most powerful and influential investment banks of the era.

Through vivid storytelling and sharp wit, Lewis exposes the greed, excess, and ruthless competition that defined the investment banking world during this time. He offers a fascinating glimpse into the world of bond trading and the complex financial instruments that were being created and traded on Wall Street. Liar’s Poker is a must-read for anyone interested in finance, as it provides valuable insights into the inner workings of the industry and the larger-than-life characters who helped shape it.

Barbarians at the Gate

by Bryan Burrough and John Helyar

Barbarians at the Gate is a gripping narrative that delves into the high-stakes world of corporate takeovers and the cutthroat tactics of Wall Street dealmakers. This book on investment banking, written by Bryan Burrough and John Helyar, offers a compelling and in-depth account of the infamous leveraged buyout of RJR Nabisco in the 1980s. The authors provide an insider’s look into the intense power struggles, backroom negotiations, and financial maneuvering that characterized the multi-billion dollar deal.

Through meticulous research and vivid storytelling, Burrough and Helyar bring to life the colorful cast of characters involved in this landmark transaction, from the ambitious CEOs to the cunning investment bankers and relentless private equity firms. With its fast-paced narrative and richly detailed analysis, this investment banking book is a must-read for anyone interested in the high-stakes world of corporate finance and the captivating drama behind some of the most iconic business deals in history.

Too Big to Fail

by Andrew Ross Sorkin

Too Big to Fail by Andrew Ross Sorkin is a compelling book on investment banking that provides a gripping account of the 2008 financial crisis. Sorkin, a renowned financial journalist, takes readers behind the scenes of the high-stakes world of Wall Street, offering an inside look at the key players and institutions that were at the center of the crisis.

The book delves into the complex web of relationships and decisions that led to the collapse of major financial institutions and the subsequent government bailout. Sorkin’s meticulous research and engaging narrative style bring to life the intense drama and high-stakes negotiations that unfolded during this pivotal moment in modern economic history.

With its in-depth analysis and riveting storytelling, Too Big to Fail is a must-read for anyone interested in understanding the inner workings of the financial world and the far-reaching implications of the 2008 crisis. This investment banking book is a gripping and informative read that sheds light on the power dynamics and decisions that shaped the global economy.

When Genius Failed

by Roger Lowenstein

When Genius Failed, written by Roger Lowenstein, is a gripping account of the rise and fall of Long-Term Capital Management (LTCM), a hedge fund that was once considered the pinnacle of success in the finance world. The book offers a deep dive into the world of finance and provides a fascinating look at the intricacies of the investment industry. Lowenstein skillfully weaves together the personal stories of the brilliant minds behind LTCM with the larger narrative of the financial crisis that ultimately led to the fund’s demise.

Through meticulous research and compelling storytelling, Lowenstein paints a vivid picture of the high-stakes world of investment banking, capturing the hubris and ambition that drove LTCM to the brink of collapse. The book offers valuable insights into the complexities of risk management, financial derivatives, and the interconnectedness of global markets. When Genius Failed is a must-read for anyone interested in the inner workings of the finance industry and the perils of unchecked ambition in the world of high finance.

The Quants

by Scott Patterson

The Quants by Scott Patterson is a riveting book on investment banking that delves into the high-stakes world of quantitative finance. Patterson takes readers on a thrilling journey through the lives and careers of a group of math geniuses who transformed the financial industry with their complex algorithms and computer-driven trading strategies. The book offers a fascinating look at how these quants, as they are known, revolutionized the way Wall Street operates, and how their innovations ultimately led to the financial meltdown of 2008.

With a fast-paced narrative and vivid storytelling, Patterson paints a compelling picture of the rise and fall of these mathematical wizards, and the dramatic impact their work had on the global economy. The Quants is a must-read for anyone interested in the world of finance and the inner workings of the investment banking industry. It’s a gripping and insightful investment banking book that sheds light on the hidden forces that shape our financial markets.

The Buy Side

by Turney Duff

The Buy Side by Turney Duff is a gripping memoir that offers a unique insider’s perspective on the high-stakes world of Wall Street. Duff, a former trader at the prestigious Galleon Group, takes readers on a wild ride through the fast-paced, cutthroat world of finance. With brutal honesty, Duff shares the exhilarating highs and devastating lows of his career in the investment banking industry, offering a rare glimpse into the adrenaline-fueled world of hedge funds and big money.

This investment banking book is a fascinating and unflinching look at the culture of excess and greed that permeates Wall Street, as well as the personal toll it can take. Duff’s storytelling is both compelling and eye-opening, providing a riveting account of the challenges and temptations that come with working in the investment banking industry. With its raw and unfiltered narrative, The Buy Side offers a powerful insight into the world of finance, making it a must-read for anyone interested in the real-life drama of Wall Street.

The House of Morgan

by Ron Chernow

The House of Morgan by Ron Chernow is a captivating and comprehensive book on investment banking, chronicling the history of the influential Morgan family and their financial empire. Chernow delves into the fascinating world of high-stakes finance, showcasing the power, influence, and scandals that have defined the Morgan dynasty over the years. From the Gilded Age to the modern era, this book about investment banking takes readers on a journey through the evolution of the banking industry and the pivotal role played by the Morgans in shaping it.

With meticulous research and engaging storytelling, Chernow brings to life the characters and events that have shaped the world of investment banking. From the creation of the Federal Reserve to the aftermath of the Great Depression, The House of Morgan provides a compelling insight into the inner workings of finance and the individuals who have wielded immense power within it. Whether you’re a finance enthusiast or simply intrigued by the inner workings of Wall Street, this investment banking book is a must-read for anyone interested in the history of finance and the enduring legacy of the Morgan family.

The Partnership

by Charles D. Ellis

The Partnership by Charles D. Ellis is a captivating book about investment banking that delves into the fascinating world of Goldman Sachs. Ellis provides a comprehensive overview of the firm’s history, culture, and evolution, offering readers an inside look at the inner workings of one of the most prominent names in the industry. Through meticulous research and interviews with key figures, Ellis paints a vivid portrait of the individuals who shaped Goldman Sachs into the powerhouse it is today.

Readers will gain valuable insights into the challenges, triumphs, and controversies that have defined the firm’s trajectory, making this book a must-read for anyone interested in understanding the complexities of the investment banking world. Whether you are a seasoned professional or a curious observer, The Partnership offers a compelling narrative that sheds light on the inner workings of a renowned financial institution. Ellis’s engaging storytelling and in-depth analysis make this book an essential addition to any library of investment banking literature.

The Last Tycoons

by William D. Cohan

The Last Tycoons by William D. Cohan is a captivating book on investment banking that provides an in-depth look at the rise and fall of Wall Street powerhouse Lazard Frères & Co. This gripping narrative takes readers inside the world of high finance, offering a behind-the-scenes exploration of the personalities and power struggles that shaped this iconic investment banking firm.

Cohan, a former investment banker turned journalist, brings his insider knowledge to the forefront as he delves into the inner workings of Lazard and its influential leaders. Through meticulous research and compelling storytelling, he paints a vivid portrait of the company’s tumultuous history, from its early days to its transformation into a global financial giant.

With its blend of meticulous detail and riveting storytelling, The Last Tycoons is a must-read for anyone interested in the inner workings of the financial world. Whether you’re a seasoned professional or a curious outsider, this investment banking book offers a fascinating glimpse into the high-stakes world of Wall Street.

The End of Wall Street

by Roger Lowenstein

The End of Wall Street by Roger Lowenstein is a captivating book on investment banking that delves deep into the events of the 2008 financial crisis. Lowenstein, known for his insightful financial writing, provides a comprehensive overview of the collapse of Lehman Brothers, AIG, and the subsequent turmoil that shook the global economy. Through meticulous research and compelling storytelling, the author paints a vivid picture of the key players and decisions that led to the downfall of some of the biggest financial institutions.

Lowenstein’s book about investment banking offers a thought-provoking analysis of the flawed risk management practices, excessive leverage, and regulatory failures that contributed to the crisis. With a keen eye for detail and a knack for making complex financial concepts accessible, Lowenstein delivers a riveting account of the events that reshaped the world of finance. Whether you’re a seasoned investor or simply curious about the inner workings of the financial industry, The End of Wall Street is a must-read for anyone interested in understanding the dynamics of investment banking.

The Greatest Trade Ever

by Gregory Zuckerman

The Greatest Trade Ever by Gregory Zuckerman is a captivating book about investment banking that tells the thrilling story of how a few savvy investors foresaw the impending housing market crash and made billions by betting against it. The book follows the experiences of a group of Wall Street outsiders who saw the signs of the impending financial crisis and took bold risks to capitalize on the situation, ultimately making staggering profits. Zuckerman’s meticulous research and engaging storytelling bring to life the high-stakes world of investment banking, making this book a must-read for anyone interested in finance and the inner workings of Wall Street. The Greatest Trade Ever offers a fascinating insight into the world of high finance, and it is a compelling read for anyone looking to understand the complexities of the financial markets and the potential for massive gains through shrewd investment strategies.

The Asylum

by Leah McGrath Goodman

The Asylum by Leah McGrath Goodman is a gripping expose of the secretive world of investment banking. Goodman takes readers on a journey into the heart of Wall Street, uncovering the corruption, greed, and power struggles that have shaped the industry for decades. Through meticulous research and in-depth interviews, she reveals the inner workings of this high-stakes world, shedding light on the individuals and institutions that have influenced global finance.

With a keen eye for detail and a compelling narrative style, Goodman delves into the scandals and controversies that have rocked the investment banking world, offering a rare glimpse into the often shadowy practices that have shaped the global economy. The Asylum is a must-read for anyone interested in understanding the complexities and challenges of modern finance and is a valuable resource for those seeking to navigate the complex world of investment banking.

The Money Culture

by Michael Lewis

The Money Culture by Michael Lewis is a riveting exploration of the world of finance, offering a fascinating glimpse into the high-stakes, high-pressure world of investment banking. Through a series of insightful and often humorous essays, Lewis delves into the inner workings of Wall Street, shedding light on the greed, ambition, and cutthroat competition that define the industry. With his trademark wit and sharp insight, Lewis paints a vivid portrait of the financial world, exposing the absurdities and excesses that have come to characterize it. From the rise of the junk bond market to the culture of risk-taking and excess that led to the financial crisis of 2008, The Money Culture offers a compelling and thought-provoking look at the darker side of finance.

The Age of Turbulence

by Alan Greenspan

The Age of Turbulence by Alan Greenspan is a compelling memoir and a book on investment banking, offering a unique insider’s perspective on the global economy. Greenspan, the former Chairman of the Federal Reserve, provides a fascinating account of his tenure and the financial crises and economic shifts that defined his era. He delves into the intricacies of monetary policy, financial markets, and the challenges of navigating through periods of economic turbulence.

With a blend of economic analysis, personal anecdotes, and historical insights, Greenspan offers valuable lessons for anyone interested in understanding the complexities of the financial world. The book about investment banking is a thought-provoking exploration of the forces that shape our economy and the decisions that impact our lives. Greenspan’s expertise and engaging storytelling make this investment banking book a must-read for anyone seeking to gain a deeper understanding of the financial landscape.

The Outsiders

by William N. Thorndike

The Outsiders by William N. Thorndike is a captivating book about corporate leadership and the art of capital allocation. Thorndike explores the strategies and decision-making processes of eight successful CEOs, each of whom achieved exceptional results by focusing on the long-term value of their companies. This insightful book delves into the world of business and finance, offering valuable lessons on effective leadership and investment management. Through compelling narratives and in-depth analysis, Thorndike provides readers with a unique perspective on the principles of sound capital allocation and the importance of making strategic decisions for long-term growth and success. Whether you’re a seasoned executive or a budding entrepreneur, The Outsiders offers invaluable insights into the world of corporate finance and the strategies that have propelled these exceptional leaders to success. This book is a must-read for anyone interested in the world of corporate finance and seeking to gain a deeper understanding of effective capital allocation and strategic decision-making.

The Bankers’ New Clothes

by Anat Admati and Martin Hellwig

The Bankers’ New Clothes by Anat Admati and Martin Hellwig is a thought-provoking book about the world of finance and the role of banks in the economy. The authors, both renowned experts in finance and economics, challenge the conventional wisdom about banking and argue for a fundamental shift in the way banks are regulated and operate.

Admati and Hellwig make a compelling case for stronger regulations and higher capital requirements for banks, debunking the myths and misconceptions that have allowed the banking industry to operate with too much leverage and too little accountability. The book offers a clear and accessible analysis of the risks and problems associated with the current banking system, and provides a roadmap for reform that is both practical and incisive.

Whether you are a seasoned finance professional or simply interested in understanding the intricacies of the banking world, The Bankers’ New Clothes is a must-read. This investment banking book will challenge your assumptions and leave you with a new perspective on the role of banks in the economy.

The Alchemists

by Neil Irwin

The Alchemists by Neil Irwin is a captivating book about investment banking that delves into the inner workings of central banks and their role in the global economy. Irwin provides a detailed and insightful look into the world of monetary policy and the individuals who shape it. The book takes readers on a journey through the financial crises of the late 20th and early 21st centuries, offering a behind-the-scenes look at the decisions and actions of central bankers as they navigate turbulent economic waters. Irwin’s writing is engaging and accessible, making complex economic concepts understandable to a wide audience. Whether you’re a seasoned economist or simply curious about how the world of finance operates, The Alchemists is a must-read for anyone interested in the intricacies of investment banking. With a blend of storytelling and analysis, Irwin offers a compelling narrative that sheds light on the often opaque world of central banking.

The Myth of the Rational Market

by Justin Fox

The Myth of the Rational Market by Justin Fox is a captivating book on investment banking that delves into the history and evolution of the finance industry. Fox explores the rise of the efficient market hypothesis and its impact on investment strategies and decision-making. He traces the development of financial theories and the individuals who shaped them, shedding light on the human psychology and behavior that underlie market movements.

Through a combination of insightful analysis and compelling storytelling, Fox challenges the notion of rationality in the financial world, offering a thought-provoking examination of the complexities and contradictions inherent in investment banking. The book provides a comprehensive overview of the key players and events that have shaped the industry, offering valuable insights for both seasoned professionals and those new to the world of finance.

With its engaging narrative and in-depth exploration of the myths and realities of the market, The Myth of the Rational Market is a must-read for anyone interested in understanding the inner workings of investment banking.

Barbarians at the Gate: The Fall of RJR Nabisco

by Bryan Burrough

Barbarians at the Gate: The Fall of RJR Nabisco by Bryan Burrough is a captivating and thrilling account of one of the most infamous leveraged buyouts in history. This book on investment banking takes readers behind the scenes of the high-stakes world of corporate takeovers, where greed, power, and ego collide in a battle for control of RJR Nabisco.

With meticulous research and riveting storytelling, Burrough delves into the intricate details of the deal, offering a fascinating look at the inner workings of investment banking, corporate finance, and the personalities involved. Readers will be engrossed by the dramatic twists and turns as rival factions vie for control of the iconic company, ultimately leading to its downfall.

Whether you’re a finance enthusiast or simply love a good corporate drama, this investment banking book is a must-read. Barbarians at the Gate: The Fall of RJR Nabisco is a gripping and insightful exploration of the cutthroat world of high finance, leaving readers spellbound from start to finish.

Final Thoughts on Best Investment Banking Books

Investment Banking is a complex and dynamic industry that requires in-depth knowledge and understanding. The 20 best books about investment banking listed in this article offer valuable insights into the various aspects of this field, from financial analysis and valuation to mergers and acquisitions. Whether you are a seasoned professional or a novice looking to gain a deeper understanding, these books are essential reads for anyone interested in investment banking.

Which book about Investment Banking is best?

The best book on Investment Banking can vary with personal preference, but three widely recommended titles are:

  1. The Big Short by Michael Lewis,
  2. Liar’s Poker by Michael Lewis,
  3. Barbarians at the Gate by Bryan Burrough and John Helyar.

Each offers valuable insights and could be a great starting point.

What are the best books to learn about Investment Banking?

For those looking to learn about Investment Banking, there is a wealth of literature that can provide a comprehensive understanding of the subject. Some of the most highly recommended books include:

  1. The Big Short by Michael Lewis,
  2. Liar’s Poker by Michael Lewis,
  3. Barbarians at the Gate by Bryan Burrough and John Helyar,
  4. Too Big to Fail by Andrew Ross Sorkin,
  5. When Genius Failed by Roger Lowenstein,
  6. The Quants by Scott Patterson,
  7. The Buy Side by Turney Duff,
  8. The House of Morgan by Ron Chernow,
  9. The Partnership by Charles D. Ellis,
  10. The Last Tycoons by William D. Cohan

These books offer a range of perspectives on Investment Banking, covering various aspects and approaches to the subject.

What are the best books about Investment Banking?

The best books about Investment Banking are:

  • The Big Short by Michael Lewis,
  • Liar’s Poker by Michael Lewis,
  • The End of Wall Street by Roger Lowenstein,
  • The Greatest Trade Ever by Gregory Zuckerman,
  • The House of Morgan by Ron Chernow,
  • The Quants by Scott Patterson.

Each offers unique insights into the subject. While these books about Investment Banking are highly regarded, it’s important to note that any list of ‘best’ books is subjective and reflects a range of opinions.

What are the best Investment Banking books of all time?

Choosing the best Investment Banking books of all time can vary depending on who you ask, but five titles that are often celebrated include

  • The Big Short by Michael Lewis,
  • Liar’s Poker by Michael Lewis,
  • When Genius Failed by Roger Lowenstein,
  • The House of Morgan by Ron Chernow,
  • and The End of Wall Street by Roger Lowenstein.
  • Each of these books has made a significant impact in the field of Investment Banking and continues to be influential today.