With famous movies such as "Wall Street" and "The Wolf of Wall Street," the finance industry has been sensationalized in Hollywood. While these types of movies offer high entertainment value, they don't provide an accurate depiction of what it's really like to be a professional in the world of finance.

For current finance professionals looking to increase their skills, or for aspiring finance professionals looking to break into the industry, finance documentaries are a great way to gain insight and knowledge. (For more, see: The 10 Must Watch Movies For Finance Professionals)

1. "Inside Job"

"Inside Job" is one of the most well-done and informative documentaries on the 2008 housing and banking financial crisis. The movie won the 2010 Oscar for best documentary picture.

Broken down into five parts, the film takes the viewer through the U.S. policy changes and banking practices that led to the global financial crisis. It begins by highlighting how the economy was set up to fail, how the bubble grew between 2001 and 2007, how the crisis struck in 2008, who was accountable for the crisis and then a wrap-up of the aftermath.

For a finance professional, this is the number-one documentary to watch. Through an understanding of the history of one of the largest financial crises, it's possible to learn from past mistakes to foresee when something like this can happen again and prevent it from happening. 

2. "Trader"

"Trader" follows the intelligent but superstitious trader Paul Tudor Jones, showing him at his best and at his worst. Jones, a hedge fund manager, accurately predicted the 1987 economic downturn, based on a combination of intuition and Elliott Wave graphs.

While Jones is extremely intelligent, he's also extremely superstitious. This highlights the fact that many people within the investment finance industry rely on luck as much as skill and analytics. Sometimes it takes guts along with analysis to make the correct investment decision.

The documentary also follows Jones as he donates his time and money to help New York City children graduate from high school. This underscores the importance of giving back to the community, rather than succumbing to greed.

3. "25 Million Pounds"

"25 Million Pounds" tells the true story of Nick Leeson, a British trader who started his career as a Morgan Stanley clerk and ended up as a lawbreaking rogue trader who brought down Barings, an old British bank. This bank held money for the high powered elite, including the Queen herself. The true story was so compelling that it also inspired the film "Rogue Trader," which starred Ewan McGregor.

Through interviews with Leeson in the early 1990s, "25 Million Pounds" allows finance professionals a chance to peer into the mind of someone who has dealt with dishonest traders and even committed fraud himself. The interviews highlight Leeson's relationship with the trader Kweku Adoboli, who managed to take over $2 billion from UBS.

4. "Frontline: Breaking the Bank"

By watching "Frontline: Breaking the Bank," viewers are able to get an understanding of the American banking crisis that led to nearly $800 billion in Troubled Asset Relief Program (TARP) funds being accepted by American banks due to reckless management. These funds injected cash into the American banking system and ensured that none of the largest banks would fail.

While some argue that the cash bailout that saved the large American banks from collapsing was necessary, others argue that the bailout subverted free enterprise and capitalism. Understanding the intricacies of the American banking crisis gives finance professionals a better understanding of the interwoven economy and how the free market reacts to crisis.

5. "The Ascent of Money"

Finance professionals who are interested in the complete financial history of the world should definitely put "The Ascent of Money" on their list of documentaries to watch. Niall Ferguson takes viewers through a complete history of the financial world, from the ancient city of Babylon all the way to the 2008 global financial crisis.

"The Ascent of Money" highlights such events as the Babylonian futures contracts and Francisco Pizarro's exploitation of the Cerro Rico at Potosí, a mine that yielded silver for Europe.

Understanding the deep financial history of the world gives finance professionals greater perspective and understanding about how the finance world operates.

6. "Commanding Heights: The Battle for the World Economy"

"Commanding Heights: The Battle for the World Economy" highlights the birth of globalization. Similar to the deep history highlighted in "The Ascent of Money," this documentary delves deep into the beginning of globalization by first taking the viewer into Russia and behind the Iron Curtain.

From there, "Commanding Heights" presses on to highlight such events such as the International Monetary Fund (IMF) and World Bank's response to the 1997 Asian financial crisis. Afterwards, the film continues through to the end of the 20th century, when deregulation became very prevalent.

For finance professionals, this film provides a thorough understanding of the world economy.

7. "Life and Debt"

"Life and Debt" is a documentary film that highlights how indebtedness makes a bad situation worse for small countries. Through an understanding of the European Union's rescue of floundering countries such as Greece and Portugal, the film gives finance professionals food for thought about the benefits and drawbacks of bailing out entire countries through debt lending.

In addition, "Life and Debt" takes a closer look at the effects of national indebtedness and IMF policy on ordinary citizens and local businesses.

8. "Frontline: Inside the Meltdown" and "Frontline: Money, Power and Wall Street"

Similar to "Inside Job" and "Breaking the Bank," these two documentaries help highlight the 2008 financial crisis, the largest recession since the Great Depression. "Inside Job" does a great job of giving a high-level overview of the 2008 crisis while also providing entertainment value, but these two PBS documentaries really dig into the causes and effects.

While the two documentaries overlap a little, both are important to watch, one after the other.

9. "The Warning"

"The Warning" also takes a look at the 2008 financial crisis, but it does so from a different angle. It picks up the story of Brooksley Born, the head of the Commodity Futures Trading Commission (CFTC), who urged for tighter regulation that could have mitigated the crisis.

For finance professionals, "The Warning" shows that it's possible to foresee a financial crisis and work to keep it from happening.

10. "Freakonomics: The Movie"

While "Freakonomics" isn't strictly financial, it brings to light a lot of interesting theories about why people behave the way they do. By taking seemingly random data points, the documentary shows how causality and correlation can be made between the two. For finance professionals, it's extremely important to understand what drives people.