Books offer a way for people, who have already traversed the professional path, to guide you into acquiring new skills. Thus, the books also help you take better decisions. Once you pick up these books and read them thoroughly, grasping the concepts of Financial Modeling will not be too difficult anymore. So, wait no further in getting hold of these books and start practicing from today.
1. Financial Modeling (MIT Press)
This book, by Simon Benninga, is the ideal book to pick up for the beginners who want to understand the basics. It will be of help to you if you have no prior knowledge of Financial Modeling.
Get the book if want to know more about it as per the demands of your profession. Those who have a clear understanding of Advanced Excels and VBA can use this book to refresh their knowledge.
2. Financial Analysis and Modeling Using Excel and VBA
This is book that you need to choose when you want to learn Financial Modeling in depth. The writer, Chandan Sengupta has incorporated covered every aspect to make it a comprehensive guide.
In fact, the section on forecasting is written in such detail that you can buy it for that part alone. Very few books in the market have as much in-depth descriptions as you will get in here.
3. Financial Modelling in Practice: A Concise Guide for Intermediate and Advanced Level
To begin with, this is not the book for the beginners of Financial Modeling. Pick up this book only if you have fundamental knowledge about the subject.
The CD ROM that comes with it lets you have a better grasp on the excel models and practical problems. It is a great book for you to learn more about statistical and excel functions.
4. Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity
Paul Pignataro has incorporated every possible financial model in the book. So, if you want to clarify your concepts on valuation and modeling, opt for this book.
The concepts of Working Capital Schedule, Income Statement, Balance Sheet, Cash Flow Statement, Depreciation Schedule, and more are well-discussed here. The book also has many case studies to further clarify the concepts of modeling.
5. Financial Modeling for Business Owners and Entrepreneurs: Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions
Tom Y. Sawyer has written a very practical book on Financial Modeling that is directly aimed at assisting the entrepreneurs. More than the modeling, you will also get to learn about business strategies and situations.
It also includes chapters on analyzing ROI and planning projects, which of great help to the businessmen. This is the book for the entrepreneurs who are new to the field and not yet aware of the technicalities.
6. Financial Modeling: A Backward Stochastic Differential Equations Perspective (Springer Finance)
The book, by Stephane Crepey, is the one for advanced and intermediate students of Financial Modeling. Make sure you pick up this book after you are well-acquainted with the basics.
With a basic understanding of statistics and math, you will be able to understand this book even better. The concepts of CVA, BSDEs, and computational finance have been discussed in great detail, making it the ideal book for the graduates.
The final words
The list of the best books on financial modeling ends right here with these six names. If you want to clarify your concepts, clear your doubts, and learn more, then choose these books without any delay.
