Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits
| Author | : | |
| Rating | : | 4.98 (951 Votes) |
| Asin | : | 044658326X |
| Format Type | : | paperback |
| Number of Pages | : | 336 Pages |
| Publish Date | : | 2016-08-28 |
| Language | : | English |
DESCRIPTION:
The book is a surprisingly sympathetic portrait of the kids starting at Goldman Sachs, Merrill Lynch, and Credit Suisse (it's less sympathetic toward their bosses, who come across like shameless versions of the parents in Peanuts comics). But perhaps the great irony of the crash of 2008 is that even as it eroded the industry's reputation in the minds of college students, the job market it decimated left those graduates very few employment options. --Kevin Nguyen. Roose suspects that banks attract "confused, insecure college seniors, who are smart and capable in a general, all-purpose way, but aren't phenomenally talented at any one thing." Most of the eight workers Roose follows end up burning out or quitting; the ones who succeed and stay in finance--you feel the worst for them. These young bankers and analysts discover that while the pay i
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. 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 exposé of excess; it's the story of how the financial crisis changed a generation-and remade Wall Street from the bottom up.. But they experience something new, too: an industry forever changed by the massive financial collapse of 2008. Becoming a young Wall Street banker is like pledging the world's most lucrative and soul-crushing fraternity. 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. Every year, thousands of eager college graduates are hired by the w
The Difference between a Journalist and an Academic Calvin Professor Prior to this, I read Liquidated by Karen Ho, an anthropologist who worked on the inside and had similar tales to tell of Wall Street. Kevin Rose is a journalist, and there is a significant difference on how the "story" of Wall Street is told. Both books are worth the read, so my comment should not be construed as a criticism of Karen Ho's. Kevin Roose provides a lighter read on the subject, but it is a good read because he focuses more on the stories of individuals and how their lives change. Kevin was not an insider, but through the lives of f. "Intriguing Anecdotes from Millenial Wall Street" according to Will. The author pens sweeping tale on post-2008 Wall Street, focusing on the work & lives of 8 recent hires to top banks. Kevin Roose of the New York Times charts these young people's career growth as they take on one of America's most reviled and formidable industries only years after the financial crisis.The author claims to be intrigued by these young people, but often colors his work with revulsion towards the big banks, his subjects' employers, for their role in the financial crisis. The author remains generally objective in evaluating his subje. Jacqueline Robison said I do enjoy books that enlighten me about the world of finance. I do enjoy books that enlighten me about the world of finance and wall street and this one is good. It follows a number of young and newly hired financial analysts through their first "I do enjoy books that enlighten me about the world of finance" according to Jacqueline Robison. I do enjoy books that enlighten me about the world of finance and wall street and this one is good. It follows a number of young and newly hired financial analysts through their first 2 years, taking snapshots of their lives at different points. You gain insight to the jobs, the structure of finance, and the personal life (mainly work and more work). An interesting read, but oddly it didn't pull me into caring about the subjects as much as I might have thought.. years, taking snapshots of their lives at different points. You gain insight to the jobs, the structure of finance, and the personal life (mainly work and more work). An interesting read, but oddly it didn't pull me into caring about the subjects as much as I might have thought.