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From Kevin Roose, New York magazine writer and author of the critically-acclaimed The Unlikely Disciple, comes a vivid, inside look at the new generation of Wall Street bankers.
Inside the Hidden World of Wall Street's Post-Crash Recruits
Every summer, thousands of high-achieving college graduates pack their bags and head to Wall Street to start new lives as junior investment bankers and traders at firms like Goldman Sachs, J.P. Morgan, and Citigroup. Even after a massive economic collapse, a career in the financial industry remains a tempting path for many of America's best and brightest. But what happens to these entry-level grunts once they join the money chase? And how did the financial crisis of 2008 change the high-flying world they inhabit?
YOUNG MONEY is an unprecedented (and unauthorized) trip inside the well-guarded subculture of Wall Street's youngest workers. "New York" magazine writer Kevin Roose spent more than three years shadowing eight junior employees at leading investment firms, all of whom began their careers after the crash. In an attempt to understand the financial world's persistent allure, Roose visited Ivy League recruiting sessions, attended singles mixers and pre-hire training programs for young bankers, and snuck into a secretive and powerful Wall Street fraternity. What he saw wasn't just 100-hour workweeks, big bonuses, and wild parties. It was the birth of a new Wall Street, one that forced its youngest workers to grapple with their consciences and realign their priorities.
With hundreds of interviews and mountains of original reporting, YOUNG MONEY is more than an expose of excess; it's a hilarious and accessible story, told through the eyes of eight memorable, young financiers, that shows how the Great Recession changed the attitudes of a generation.
Praise for YOUNG MONEY "If Kevin Roose's finely crafted YOUNG MONEY does not scare you straight about the life of a young financial analyst on Wall Street, it can't be done. Roose's frolic through Wall Street's playpen is a must-read."--William D. Cohan, "New York Times "bestselling author of "House of Cards "and "Money and Power" "Despite all the press about Wall Street, the stories that don't usually get told are those of the recent college graduates who clamor for the chance to work 100 hour plus weeks at the big banks. Kevin Roose's new book, which follows a handful of analysts through the trials and tribulations of their early years on the Street, is a thoughtful exploration of their motivations and their experiences-and it's a great read."--Bethany McLean, coauthor of the "New York Times" bestsellers "The Smartest Guys in the Room" and "All the Devils are Here" "A cautionary true-life tale, YOUNG MONEY should be required reading for every college student who is contemplating a job on Wall Street. As for the rest of us, who remember Wall Street before 2008, Kevin Roose has provided a great window into how that world has changed-and how it hasn't."--Connie Bruck, "New York Times "bestselling author of "The Predators' Ball" "When Michael Lewis wrote Liar's Poker in 1989, he hoped to discourage ambivalent young elites from starting careers on Wall Street. The opposite happened. Kevin Roose may have better luck with Young Money, his look at rookie bankers in the wake of the financial crisis." --Bloomberg Business Week "Highly entertaining and impressive ... 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." --Publishers Weekly "[Young Money] offers a compelling glimpse of Wall Street in the post-2008 recession era...thought provoking, excellent book." --Booklist "The young people who have flocked to Wall Street are often badly used, caught up in power struggles among middle management and little appreciated ... ["Young Money"] captures the daily indignities to which the junior capitalists are subjected." -- Kirkus Reviews
Number Of Pages: 336
Published: 18th February 2014
Country of Publication: US
Dimensions (cm): 23.6 x 16.0 x 3.6
Weight (kg): 0.52