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.
In the vein of Martin Scorsese's film The Wolf of Wall Street, 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 exposé of excess; it's the story of how the financial crisis changed a generation-and remade Wall Street from the bottom up.
In highly entertaining and impressive fashion, New York magazine business writer Roose (The Unlikely Disciple) shadows eight young, ambitious college graduates from various walks of life as they embark on careers as Wall Street analysts. In the three years that Roose follows and befriends Arjun, Chelsea, Derrick, Jeremy, Samson, Richardo, Soo-jin, and J.P., their bright-eyed enthusiasm gives way to exhaustion, struggles with abusive environments and bosses, suicidal thoughts, and disillusionment with the world of finance. Roose's vivid prose brings these stories to life as his subjects forge their way in the adult world of high finance and life in New York City, navigating workloads, relationships, sex, booze and drugs, the meaning of life, and their conflicting desires for security, prestige, money, intellectual stimulation, and purpose. Through Roose's intimate portraits, readers see not only a snapshot of "millennial" life in this privileged sector, but also an industry in transformation since the 2008 financial collapse. Roose's captivating read is sure to appeal to readers young and old who are interested in the zeitgeist of Wall Street since the crash.
Customer ReviewsSee All
Kept me turning page after page. So good I didn't want it to end.
A story of ‘Young Money’ by a fool
The personal stories of trials and tribulations by young analysts are very insightful. Unfortunately the writer tarnished the book by continuing to paint personal opinions as the moral truth.
Biased against Wallstreet Banks
Making money anyway possible is Good.