Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits
Feb 2014 · Hachette+ORM
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About this ebook
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 expose of excess; it's the story of how the financial crisis changed a generation-and remade Wall Street from the bottom up.
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 expose of excess; it's the story of how the financial crisis changed a generation-and remade Wall Street from the bottom up.
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,...
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Ratings and reviews
44 reviews
Amith Dsouza
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March 13, 2014
Read this book cover to cover and loved every bit of it. Its not surprising to note that certain jobs in the tech industry can be equally thankless while being superbly high paying. The thought processes of youngsters seem quite similar across domains and contexts as companies start looking at quarter to quarter growth as the most critical benchmark. The author's biases do tend to come out at some places where the narrative tends to get pedantic, a fault that can be easily forgotten and overlooked ...
Miss Music Blogger
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February 25, 2019
huge fan ....love this man and his eye for talent is out of this world
Faye Vyl
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November 5, 2015
Too biased
About the author
Kevin Roose is a business and technology writer for New York magazine and NYMag.com. Previously, he was a staff reporter for the New York Times, where he covered Wall Street for the business section and for DealBook, the Times' award-winning financial news site. He is the author of The Unlikely Disciple, and his writing has appeared in GQ, Esquire, ESPN: The Magazine, and other major publications.
More info on Kevin can be found at www.kevinroose.com or you can follow him on Twitter: @kevinroose.
More info on Kevin can be found at www.kevinroose.com or you can follow him on Twitter: @kevinroose.
Kevin Roose is a business and technology writer for New York magazine and NYMag.com. Previously, he was a staff reporter for the New York Times, where he covered Wall Street for the business section and for DealBook, the Times' award-winning financial news site. He is the author of The Unlikely D...
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