As a complete newbie here, could anyone suggest a good first book on investment banking for me? Without too many equations to befuddle me (although I work with equations all day).

Heres my background: +PhD in mechanical engineering +Masters in mechanical engineering +Bachelors in mechanical engineering

+Research focuses on non-linear partial differential equations and fluid flow.


  • Investment banking is something that big banks like Citibank or Wells Fargo do along with their retail banking business like offering checking accounts and credit cards and the like. If you really want to find out about investment banking, then this question is off-topic for this site. Jan 28, 2017 at 23:50
  • @DilipSarwate: Note date on the question.i suspect our scope was not so well defined at that time.
    – keshlam
    Jan 29, 2017 at 0:13
  • @keshlam It doesn't matter at all whether the scope of money.SE was well-defined in 2012 or not. I suspect that the OP was trying to learn about investments and not investment banking, or at least that is how I interpret his desires based on the answer that he/she accepted. Jan 29, 2017 at 2:37

1 Answer 1


Just one book?!

Look for Benjamin Grahams' The Intelligent Investor.

He is cited as one of Warren Buffetts greatest influences, and he seems a fairly successful guy!

  • Isn't Graham's book a bit outdated? original version 1965? especially now that with the internet everything changed a little, are there some 'modern classics' or more contemporary introductions? Actually I'm trying 'investment banking for dummies', I'll post an update how i like it! Jan 28, 2017 at 23:40
  • The lessons are simple and bely the strength and longevity of the underlying concepts. I think it's still relevant. There's a good reason it's lasted for so long as a important book on the field.
    – Toby Booth
    Feb 8, 2017 at 9:39

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