5 Books Finance Students Should Read in College
Some people master the art of managing their finances so well as if they were born with calculators in their minds. Others struggle bigtime — they fall prey to their spending reflexes, or maybe it's just not their cup of tea to keep track of dollars and cents.
The term finance is used in a broad spectrum to talk about money matters. Various educational institutes teach finance courses to students so that they can learn to manage personal and business finances.
Students can gain an understanding of financial management by learning financial concepts straight from the experts. This list of finance books are must-reads for every college student. They can turn any novice into a sharp financial expert in no time.
Financial Management Theory & Practice 14th ed
The author of this book, Eugene F. Brigham, is a graduate and research professor, associated with the teaching field since 1971. This book was first published in 2013. It is an exceptionally well-written book with excellent content.
It articulately explains the matters of finance and is best for undergraduate and graduate students. This book proves to be a fantastic read because it's a perfect balance between practical knowledge of finance and theory. The author tried his best to give a clear understanding of every important concept.
This financial management book is impressive as it strikes a perfect balance between practical and theoretical knowledge of finance. The book starts with a detailed presentation on the basics of commercial and corporate finance before discussing the core concepts of specific financial techniques. It also explains and explores the newest economic and financial crisis, along with the role finance plays in the world of business.
The Basics of Public Budgeting and Financial Management
This book brings together both budgetary theory and practice. It fills that gap that has existed in public finance and budgeting for years. This book gives students some practical applications as well as exercises that help in explaining budgetary theories along with first-hand functional experience.
It ensures that students attain all the marketable skills once they've read it and can apply various techniques and information in different settings.
For instance, the book helps students create tax structures, financial management plans, perform a cost-benefit analysis, and much more. So, it creates a solid foundation, providing money management skills for students who are planning to work in the budgeting field.
Various governments have used it for their financial budgeting matters. The book elaborates the aspects of budgeting procedures and process of the country, city and the state government. It not only explains the theories; the book also defines the entire process of making a budget in a step by step format.
Guide to Financial Management, 2nd ED
If you want to have a sound grasp on logical and analytical decisions, you must have a thorough understanding on the subject no matter what industry or firm it is. This finance book provides clear concepts of financial management, which help you in making the right decisions.
Since managers must make business decisions keeping in mind financial consequences, this book is a guide to understand and manage their financial responsibilities. Many people are not trained enough to deal with capital proposals, management reports, and budgets. This book helps students better understand a range of principles that can be applied in the real world.
This edition of the book has been revised, providing detailed examples and illustrations to ensure proper implementation of financial techniques. Being a student, it can help you understand financial jargon by exploring all the tasks that managers have to perform.
The Intelligent Investor
This book, based on investment strategy, emphasizes fundamental analysis of investments. It's a widely acclaimed book, published in 1949. This timeless book displays the current market conditions and helps investors avoid making substantial errors by teaching them long-term investing strategies.
Over the years, The Intelligent Investor has proven the genius of Graham and his strategies. The revised edition of the book includes commentary of Jason Zweig, a known financial journalist. His perspective gives a thorough understanding about how to apply Graham's principles in the current market condition.
By reading this book, students can analyze their potential investments and learn how to identify underpriced stocks. Since the book focuses on the scientific approach, it allows students to create a sceptical stance towards any financial hype, like that of Wall Street.
When Genius Failed: The Rise and Fall of Long-Term Capital Management
When Genius Failed, authored by John Meriwether, a Wall Street trader and one-time partner of Salmon Brothers, parallels to the financial crisis that recently took place. It explains the whole roller coaster ride of Long-Term Capital Management.
This book brilliantly explains the funds that were kept in absolute secrecy. Moreover, it further outlines how a business tycoon, who was once in the peak of his career, failed miserably. John Meriwether's When Genius Failed is a classic book which is a must-read mainly because of its real-life examples and illustrations.
It also provides a relevant case study to college students who have a keen interest in the finance industry, specifically hedge funds. The book explores various market conditions in the age of instability, shedding light on mistakes caused during the previous financial meltdown.
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