Young Money

Young Money

Inside the Hidden World of Wall Street's Post-crash Recruits

Paperback - 2015
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Becoming a young Wall Street banker is like pledging the world's most lucrative and soul-crushing fraternity.

Every year, thousands of eager college graduates are hired by the world's financial giants, where they're taught the secrets of making obscene amounts of money-- as well as how to dress, talk, date, drink, and schmooze like real financiers.

YOUNG MONEY is the inside story of this well-guarded world. Kevin Roose, New York magazine business writer and author of the critically acclaimed The Unlikely Disciple , spent more than three years shadowing eight entry-level workers at Goldman Sachs, Bank of America Merrill Lynch, and other leading investment firms. Roose chronicled their triumphs and disappointments, their million-dollar trades and runaway Excel spreadsheets, and got an unprecedented (and unauthorized) glimpse of the financial world's initiation process.

Roose's young bankers are exposed to the exhausting workloads, huge bonuses, and recreational drugs that have always characterized Wall Street life. But they experience something new, too: an industry forever changed by the massive financial collapse of 2008. And as they get their Wall Street educations, they face hard questions about morality, prestige, and the value of their work.

YOUNG MONEY is more than an expos? of excess; it's the story of how the financial crisis changed a generation-and remade Wall Street from the bottom up.
Publisher: New York : Grand Central Publishing, 2015.
Edition: First trade edition.
Copyright Date: ©2014
ISBN: 9780446583268
044658326X
Characteristics: xv, 320 pages ; 21 cm

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StarGladiator
Jun 10, 2017

A wickedly fascinating book on many different levels. This guy is very young, yet a first-class journalist, and hopefully he becomes a hardcore investigative journalist. Well done!
[There is one {real-life} character in this book, named as Soo-Jin, who works for Deutsche Bank, who is perplexed because an older woman executive there basically ignores Soo-Jin's feelings and thoughts about the difficulty of women professionals within the bank. This is an attitude/sentiment I have both witnessed and read about often: women {and certain other groups} somehow, most ludicrously, imagining that a criminal corporation such as a major bank today {involved in money laundering, markets rigging, fraudclosures, hiring of assassins, et cetera, et cetera, et cetera} should concern itself with progressive social mores. One always wonders about the sanity of such individuals?!?!]

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mmthornburn Jul 09, 2015

mmthornburn thinks this title is suitable for between the ages of 18 and 40

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