Hi all, I would like to learn more about financial modeling and i am writing to kindly ask whether someone can recommend a few books in which i can study so that i can get the basic/a good understanding on modeling. I see many job posts with “modeling” as a complusory requirement. I would like to top up my understanding before placing it as an additional skill in my Resume. Greatly appreciate your help and recommendations.
Benninga.
thank you very much for your speedy responses
http://www.analystforum.com/phorums/read.php?12,1011395 Bennniga is excellent. A few of us are working cooperatively on this program as well.
Thanks for the link quantjock, just sent you an email
Might be a very interesting book…just a small question, is there for beginners (with a strong interests in math) or is there a need for another book to get the basics? Paul
This book will do as a great start. If you understand maths and the underlying finance you will be fine. Benninga does a great job of explaining it to the unitiated (me) as well as to the experts. Dont underestimate how long it will take you to get through it though. I find it is a course of study in itself - though I have a job and a busy life anyway. It’s taking me months to get through each chapter. I can already see that I will need to go the VBA route afterwards though. Haven’t seen many finance books with VBA, but to be honest, I haven’t started looking yet. Need to finish Beninga first. (subnote - I can’t help putting on a Al Pacino/Scarface accent when I hear myself saying Beninga, sounds like Rivenga to me - will mention it to my head doc when I see him next!)
question: does this book cover interest rate models?
Muddahudda Wrote: ------------------------------------------------------- > This book will do as a great start. If you > understand maths and the underlying finance you > will be fine. Benninga does a great job of > explaining it to the unitiated (me) as well as to > the experts. > > Dont underestimate how long it will take you to > get through it though. I find it is a course of > study in itself - though I have a job and a busy > life anyway. It’s taking me months to get through > each chapter. > > I can already see that I will need to go the VBA > route afterwards though. Haven’t seen many finance > books with VBA, but to be honest, I haven’t > started looking yet. Need to finish Beninga > first. > > (subnote - I can’t help putting on a Al > Pacino/Scarface accent when I hear myself saying > Beninga, sounds like Rivenga to me - will mention > it to my head doc when I see him next!) Chandan Sengupta has a very nice text “Financial Modeling: Using Excel and VBA” which I found very useful.
needhelp Wrote: ------------------------------------------------------- > question: does this book cover interest rate > models? Didnt you create one yourself? Maybe you should write the book. I have a strong feeling it does, but i’ve spent ages getting through the portfolio management one, I havent hit the equity research, options or fixed income sections…
Muddahudda Wrote: ------------------------------------------------------- > needhelp Wrote: > -------------------------------------------------- > ----- > > question: does this book cover interest rate > > models? > > Didnt you create one yourself? Maybe you should > write the book. > > I have a strong feeling it does, but i’ve spent > ages getting through the portfolio management one, > I havent hit the equity research, options or fixed > income sections… I want to explore more material out there and see how i can improve my own model/understanding. From Amazon reviews it seems that they dicount their examples using a statis single interest rate, which is a drawback. but this can be easily fixed in excel. i just wish i could get a similar book on various kinds of interest rate models.
JOE2010 Wrote: > Chandan Sengupta has a very nice text “Financial > Modeling: Using Excel and VBA” which I found very > useful. Cheers, will look it up - probably only get round to it in your handle year by the time I get past Beninga…
Muddahudda Wrote: ------------------------------------------------------- > JOE2010 Wrote: > > > Chandan Sengupta has a very nice text > “Financial > > Modeling: Using Excel and VBA” which I found > very > > useful. > > Cheers, will look it up - probably only get round > to it in your handle year by the time I get past > Beninga… I thought I was sold, but now I’m torn between WSP (not the band that plays a million songs that all sound the same) and the Benninga book. Has anyone here already done both? I already own the Sengupta book. It’s quite good for learning useful techniques in VBA. I’m very interested to hear how it compares to Benninga, Muddahudda.
cjones65 Wrote: ------------------------------------------------------- > Muddahudda Wrote: > -------------------------------------------------- > ----- > > JOE2010 Wrote: > > > > > Chandan Sengupta has a very nice text > > “Financial > > > Modeling: Using Excel and VBA” which I found > > very > > > useful. > > > > Cheers, will look it up - probably only get > round > > to it in your handle year by the time I get > past > > Beninga… > > I thought I was sold, but now I’m torn between WSP > (not the band that plays a million songs that all > sound the same) and the Benninga book. Has anyone > here already done both? > > I already own the Sengupta book. It’s quite good > for learning useful techniques in VBA. I’m very > interested to hear how it compares to Benninga, > Muddahudda. I found WSP overrated. Benninga and Sengupta complement each other.
Which would you recommend starting with, Benninga or Sengupta?
From your earlier post I’m guessing Benninga, please disregard my post above.
I’ve always learned everything by doing, building a bunch of models for a VC firm on returns (J-curves and stuff). You just think up every known variable and start adding all these buttons and switches, and what happens when you tweak this knob or flick this switch…it is a freakin’ awesome good time. Sometimes I build stuff for pitches and then the guys on the other side of the table are like hey this is cool but we want this other knob to tweak and see what happens under this absurd scenario that is never gonna play out in one trillion years. And then your formulas get longer and longer and that is awesome too. Financial Modeling: Excel & VBA…looks kinda cool.
And this one? http://www.amazon.ca/Principles-Finance-Excel-Simon-Benninga/dp/0195301501/ref=pd_bxgy_b_img_b?ie=UTF8&qid=1244565698&sr=8-1 Looks very introductory