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MIT, Wharton, Columbia, New York, and MIT. These are just a few of the top MBA in Finance programs around the country.
While I wasn’t interested in attending these programs, I did have interest in what the students were reading and/or the books recommended by their faculty.
While searching for the best books for MBA in Finance students, I found the below four reading lists.
Let’s get to the lists.
Wharton Investment Management Fund Club
The list of suggested books for members of the Wharton Investment Management Fund Club, which consists of MBA students who manage $2,000,000 for the school are:
- The Intelligent Investor by Benjamin Graham
- Security Analysis by Benjamin Graham and David Dodd
- The Essays of Warren Buffett by Warren Buffett
- On Investing by John Neff
- One Up On Wall Street by Peter Lynch
- Value Investing by Bruce Greenwald
- Contrarian Investment Strategies by David Dreman
- The Warren Buffett Way by Robert Hagstrom
- Common Stocks and Uncommon Profits by Philip Fisher
- Reminiscences of a Stock Operator by Edwin Lefevre
- Market Wizards by Jack Schwager
Hedge Fund Investing
- Absolute Returns by Alexander Ineichen
- You Can Be A Stock Market Genius by Joel Greenblatt
- When Genius Failed by Roger Lowenstein
- Bankruptcy Investing by Ben Branch and Hugh Ray
- Fooled by Randomness by Nassim Taleb
The Heilbrum Center for Graham & Dodd Investing Program | Best Books for MBA Finance Students
Columbia Business School, which includes famous alumni such as Warren Buffett and Benjamin Graham, has a specific program for value investing. The below are the recommended books for students of the program.
- Security Analysis: The Classic 1934 Edition by Graham, B., and D. Dodd.
- Intelligent Investor Rev. ed. by Graham B.
- The Little Book That Beats the Market by Greenblatt, J
- You Can Be A Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits by Greenblatt J.
- Value Investing: From Graham to Buffett & Beyond Greenwald, Bruce
- Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Klarman, Seth.
- The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Marks, Howard
- The Little Book of Behavioral Investing by Montiers, James
- Distress Investing: Principles and Technique by Whitman, Martin.
- Value Investing: A Balanced Approach by Whitman, Martin.
- The Essays of Warren Buffett: Lessons for Corporate America by Buffett, Warren E.
- The Warren Buffett Way by Hagstrom, Robert.
- The Warren Buffett Portfolio by Hagstrom, Robert.
- Buffett: The Making of an American Capitalist Reprint by Lowenstein, Roger.
- Benjamin Graham: The Memoirs of the Dean of Wall Street by Graham, Benjamin, et al.
- The Rediscovered Benjamin Graham by Graham, Benjamin, and Janet Lowe.
- Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street by Lowe, Janet.
- What Works on Wall Street by O’Shaughnessy, James.
- How to Beat the Market with High-Performance Generic Stocks by Arbel, Avner.
- Competition Demystified: A Radically Simplified Approach to Business Strategy by Greenwald, B., and Judd Kahn.
- The New Finance: The Case Against Efficient Markets by Haugen, Robert A.
- In the Shadows Of Wall Street: A Guide to Investing In Neglected Stocks by Strebel, Paul, and Steven Carvell.
- Wall Street on Sale: How to Beat the Market as a Value Investor by Vick, Timothy P.
New York University’s Global Value Investing Course Required Readings
The course is taught by James Rosenwald III. Rosenwald is co-founder and managing partner of Dalton Investments LLC.
Below are the books taken from the required readings section.
- Berkshire Hathaway’s Annual Letters
- The Intelligent Investor by Benjamin Graham
- Margin of Safety by Seth A. Klarman,
- A Random Walk Down Wall Street: The Best and Latest Advice Money Can Buy by Burton G. Malkiel
- The Craft of Investing by John Train
- Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay,
- Third Avenue Value Fund Letters
- You Can be a Stock Market Genius by Joel Greenblatt,
MIT OpenCourseware Finance Reading List
While not an MBA in Finance program, the below is another list I found for finance students.
- A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition) by Burton G. Malkiel
- Capital Ideas: The Improbable Origins of Modern Wall Street by Peter L. Bernstein
- Investments, 8th Edition by Zvi Bodie, Alex Kane, Alan J. Marcus