As current studies indicate, steady growth in the world of finance shows no signs of slowing and students looking for the competitive edge while choosing a top online Finance MBA program would be wise to seek ways to prepare themselves not only for the rigorous coursework they will be exposed to within their program, but for the necessity of being a life-long learner as they maintain a career in finance. Some say the two most valuable influencers on a person’s life are the people one associates with and the books one reads. It is with that principle in mind that we present a list of essential books every student of finance should read during their formative years of establishing a career. While some titles are considered classics that address timeless fiscal topics in the field, some are more recent publications covering modern economic issues and technology. But whether written in the 30’s or within the last few years, these five titles presented will enlighten and equip the reader as they prepare for a career in finance.
The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham
Widely regarded as the greatest investment advisor of the twentieth century, Benjamin Graham’s celebrated “value investing” financial strategy protects investors from costly mistakes and informs them how to develop solid long-term strategies. Heralded by many as the most important financial reference tool ever written, The Intelligent Investor is a must for every student of finance management.
Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher
Philip Fisher’s investment philosophies have been respected for over four decades. Originally published in 1958, this title presents the reader with several of Fisher’s bedrock principles including the concept of earnings determining the value of stock and a detailed critique of efficient market theory. This excellent book on finance has been updated and features a recent introduction addition.
The Theory of Investment Value (Contrary Opinion Library) by John Burr Williams
Yet another time-tested classic, this title on finance presents theories and strategies that are as relevant and valuable as they were in 1937, when the book was first published. As Peter Bernstein writes in 1992’s Capital Ideas, “Williams combined original theoretical concepts with enlightening and entertaining commentary based on his own experiences in the rough-and-tumble world of investment.”
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance by Aswath Damodaran
It is not often that a book comes along with the potential to make such an impact on the seasoned corporate CEO, experienced market analyst, and the new student of finance. Damodaran has done just that by presenting cogent argument and a comprehensive analysis of basic and advanced valuation principles. Also, discussed in this book are relative and firm valuation, efficacy and implementation difficulties, and the cost of distress. This comprehensive guide from a trusted author is sure to be a great asset in understanding and functioning within the modern era of finance.
The Essays of Warren Buffett: Lessons for Corporate America (Fourth Edition) by Warren Buffett
Celebrating his 50th year with Berkshire Hathaway, this fourth edition includes recent essays along with previous writings Buffett has published through the years telling the honest and inspiring accounts of one of the world’s most successful investors. This title is a must for the MBA student looking for practical insight and investment guidance.