Top 10 Finance Books To Read For Fin-thusiastic Students!

Are you a finance student struggling to wrap your head around complex financial concepts? Or maybe you want to expand your financial knowledge beyond the classroom? Well, fear not! The answer to your problems might just be sitting on your bookshelf. That’s right, we’re talking about finance books! But not just any finance books – we’ve compiled a list of the top 10 must-read finance books for students. From personal finance to investing, these books will help you master the art of money management and put you on the path to financial success. So, put down that boring textbook and let’s dive into some finance reads that are actually worth your time!

Here Are Your Saviours!

We have curated a list based on some important finance subjects! While some of these books might be used as textbooks, we suggest they can also be read for pleasure and self-education.

1. Financial Accounting:

As a finance student, you’ll quickly realise that financial accounting is a crucial subject to master. But what is financial accounting, you ask? Well, it’s the process of recording, summarising, and reporting financial transactions to help businesses make informed decisions. But don’t worry, reading books on financial accounting doesn’t have to be boring! So, get ready to dive into the world of finance and start building your knowledge with some awesome books on financial accounting.

• “Financial Accounting: The Impact on Decision Makers” by Gary A. Porter and Curtis L. Norton. This book emphasises the importance of financial accounting information for decision-making and covers topics such as analysing and interpreting financial statements, cash flow analysis, and financial statement analysis.
• “Financial Accounting: Reporting, Analysis and Decision Making” by Shirley Carlon, Rosina McAlpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, and Lily Wong. This book provides a comprehensive overview of financial accounting concepts and practices, covering topics such as financial statement preparation, analysis, and interpretation.
• “Financial Accounting for MBAs” by Peter D. Easton, John J. Wild, Robert F. Halsey, and Mary Lea McAnally. This book is designed specifically for MBA students and covers topics such as financial statement analysis, accounting for income taxes, and business combinations and consolidations.

2. Managerial Accounting: 

It is a subject that focuses on using financial information to make strategic business decisions. As a finance student, reading books on managerial accounting can help you understand how businesses use accounting information to analyse costs, make budgeting decisions, and evaluate performance. Plus, knowing how to analyse financial data can give you an edge in the job market and make you a more valuable asset to any company. So, dive into the exciting managerial accounting world and prepare to make some big financial moves!

• “Management Accounting: Principles and Applications” by John Wild and Ken Shaw. This book provides an introduction to managerial accounting principles and covers topics such as cost behaviour, budgeting, and performance evaluation.
• “Cost Accounting: A Managerial Emphasis” by Charles T. Horngren, Srikant M. Datar, and Madhav V. Rajan. This book focuses on cost accounting as a managerial decision-making tool and covers cost behaviour, cost-volume-profit analysis, and activity-based costing.
• “Financial and Managerial Accounting” by Carl S. Warren, James M. Reeve, and Jonathan Duchac. This book covers financial and managerial accounting concepts and emphasises the importance of decision-making.

3. Corporate Finance 

As a finance student, reading books on corporate finance can help you develop the skills necessary to make sound financial decisions in a corporate setting, understand the financial health of a company, and evaluate investment opportunities. Plus, who knows, maybe you’ll even be the one making decisions on the next billion-dollar corporate deal!

• “Principles of Corporate Finance” by Richard A. Brealey, Stewart C. Myers, and Franklin Allen. This book provides a comprehensive overview of corporate finance, covering topics such as valuation, risk management, capital budgeting, and financing decisions.
• “Corporate Finance: A Focused Approach” by Michael C. Ehrhardt and Eugene F. Brigham. This book focuses on the practical application of corporate finance concepts and provides real-world examples of financial decisions made by corporations.
• “Fundamentals of Corporate Finance” by Robert Parrino, David S. Kidwell, and Thomas Bates. This book covers the core principles of corporate finance, including financial statements analysis, time value of money, risk and return, and capital budgeting. It also provides real-world examples and case studies to reinforce the concepts learned.

4. Investment:

In today’s world, investing can be intimidating and confusing, but it doesn’t have to be. By reading books on investments, you can gain the knowledge and confidence needed to make informed investment decisions.

• “One Up On Wall Street” by Peter Lynch – In this book, Lynch shares his insights and experiences on investing in stocks and provides practical advice on how to identify good investment opportunities.
• “The Little Book of Common Sense Investing” by John C. Bogle – This book emphasises the importance of investing in low-cost index funds and provides a simple yet effective approach to investing.
• “A Random Walk Down Wall Street” by Burton Malkiel – This book provides a comprehensive overview of different investment strategies and argues that a passive, index fund-based approach is often the best option for individual investors.

5. International Finance

As a finance student, it’s important to have a good understanding of international finance because it affects businesses and economies worldwide. By studying international finance, you’ll learn about topics such as exchange rates, international trade, and global capital markets.

 Reading books on international finance can be a fun and interesting way to gain a deeper understanding of the subject. 

• “International Financial Management” by Cheol S. Eun and Bruce G. Resnick. This book covers a wide range of topics related to international finance, including foreign exchange rates, international capital markets, and international investment.
• “Global Capital Markets: Integration, Crisis, and Growth” by Maurice Obstfeld and Alan M. Taylor. This book provides an in-depth analysis of global capital markets and their role in shaping the global economy.
• “Emerging Markets: Performance, Analysis and Innovation” by Sukanta Bose. This book focuses on emerging markets and covers topics such as financial market development, political risk, and investment opportunities.

6. Financial Risk Management:

As a finance student, it is important to understand how financial risks can affect the performance and stability of a company. Learning about financial risk management can be fun and interesting as it involves analysing real-world scenarios and making strategic decisions.

• “The Handbook of Risk Management: Implementing a Post-Crisis Corporate Culture” by Philippe Jorion. This book provides a comprehensive overview of risk management, including its history, the current state of risk management, and best practices for implementing risk management strategies.
• “Value at Risk: The New Benchmark for Managing Financial Risk” by Philippe Jorion. This book focuses on the value at risk (VaR) method, which is widely used in financial risk management. It provides a clear explanation of the VaR method and how to use it to manage financial risk.
• “Risk Management in Finance: Six Sigma and Other Next Generation Techniques” by Anthony Tarantino and Deborah Cernauskas. This book explores various techniques and tools that can be used in financial risk management, including Six Sigma and other quality management approaches. It also covers topics such as risk assessment, risk analysis, and risk reporting.

7. Financial Modelling:

In today’s rapidly evolving financial industry, the ability to construct and analyse financial models is becoming increasingly important. Whether you’re interested in investment banking, private equity, or financial consulting, understanding financial modelling is essential for making informed business decisions.

• “Excel Modeling in Investments” by Craig W. Holden. This book provides an introduction to financial modelling using Microsoft Excel and covers topics such as bond pricing, stock valuation, and portfolio management.
• “Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity” by Paul Pignataro. This book provides an overview of financial modelling and valuation techniques used in investment banking and private equity and covers topics such as financial statement analysis, forecasting, and leveraged buyouts.
• “Financial Modeling for Business Owners and Entrepreneurs: Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions” by Tom Y. Sawyer. This book provides a practical guide to financial modelling for business owners and entrepreneurs and covers topics such as budgeting, forecasting, and scenario analysis using Microsoft Excel.

Level Up Your Finance Knowledge: Top Picks and More!

In this blog, we’ve provided a list of the top 10 finance books for students to explore, covering various topics from personal finance to investing and economics. But this is just the beginning! There are many more great books out there waiting to be discovered. We encourage you to share your own favourite finance books in the comments and continue your learning journey. And for those seeking further guidance, Mentoria offers personalised mentorship programs to help you achieve your financial goals. Happy reading and growing!