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The Running of the Bulls: Inside the Cutthroat Race from Wharton to Wall Street
 
 
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The Running of the Bulls: Inside the Cutthroat Race from Wharton to Wall Street [Hardcover]

Nicole Ridgway (Author)
4.0 out of 5 stars  See all reviews (23 customer reviews)


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Book Description

August 22, 2005
The Wharton School of the University of Pennsylvania is the #1-ranked undergraduate business program in the country, the place where Comcast CEO Brian Roberts, Revlon CEO Ron Perelman, real-estate magnate Donald Trump, and hundreds of other Wall Street titans and Fortune 500 tycoons got their start. Each year five hundred of the best students from around the world are culled from thousands of applicants to join the school and begin a rigorous, four-year curriculum that many in the world of finance consider the equivalent of an MBA. And in the autumn of their senior year, they will begin a ten- week, tension-packed recruiting process where they will put their $150,000 educations to the test, vying for a precious position with the world’s elite investment banking and consulting firms like Goldman Sachs or McKinsey—with the potential of a six-figure income and a $10,000 signing bonus on the line.

The Running of the Bulls tells the inside story of this process, and the fascinating institution behind it, through the experiences of seven Wharton students from the class of 2004, including a son of a manufacturing magnate in Bombay, a cheerleader from Texas determined to be a top investment banker, and a first-generation Indian American from Seattle who begins to question whether the Wall Street world is the right place for him. Financial reporter Nicole Ridgway follows each of them through the intensity of recruiting season, when candidates schmooze with employers at lavish presentations— then get bombarded with questions at grueling day-long interviews designed to test their will as much as their intellect.

In the tradition of Scott Turow’s One L and Michael Lewis’s Liar’s Poker, The Running of the Bulls is fast-paced and provocative, a rollicking portrait of the high-stakes game of how Wall Street chooses its next generation.



Editorial Reviews

Amazon.com Review

Partly a coming-of-age tale, partly a survey of job options for recent college graduates at the high end of society's bell curve, and partly a snapshot of a particular school and its culture, The Running of the Bulls offers many things to different readers. The book centers on stories gleaned by journalist Nicole Ridgway during the 2003-2004 school year from undergraduate students at Wharton, the University of Pennsylvania's business program. Ridgway certainly succeeds in getting close to the students: at times, the narrative feels like reality TV in literary format. Readers are treated to gritty, in-depth narratives around career searches by six Wharton students.

The six students profiled by Ridgway are intended as a cross-section of the overall Wharton class: hungry, ambitious, and surprisingly career-oriented for such young people. Hippies these are not. Readers follow the six students as they pursue entry-level assignments at the elite fixtures of modern American business: investment banking on Wall Street (for example, Goldman Sachs and Lazard Freres, Citigroup, Lehman Brothers); industry (L'Oreal, Johnson and Johnson, General Mills, Microsoft); entrepreneurism ("One Stop College Shop"); nonprofits (Peace Corps, IMF, and World Bank); and of course, consulting (McKinsey, Bain, BCG). The diversity of the six students' career considerations, as well as their gender and ethnic mix will lead many readers to find one or another of the characters with whom they feel most sympathetic.

The book's strength lies in its rich detail: students who've recently gone through or will go through the job-hunting process will easily recognize Ridgway's stories about nerve-wracking interviews, the negotiating dance around job offers, and the experience of internships. In particular, students who want a feel for the Penn campus and the Wharton program will relish the details of the physical environment, as well as the sometimes blow-by-blow accounts of interviews faced by the eager-beaver job seekers. If you want to understand what kinds of interview questions Microsoft asks its college hires, or how white-shoe Wall Street firms treat their summer interns after the offer letters are signed and first-day orientation ends, this book is for you. That said, Ridgway supplements this anecdotal detail with macro-level perspective, too. HR professionals and currently employed workers, for example, may be interested in the average compensation of Wharton graduates in 2003-2004--an impressive $50K base salary, and nearly $20K in various bonuses.

Running with the Bulls follows a chronological format, so that readers follow the six students through the school year. Starting with resume submission, going through interviews, in some cases trying internships, and then ultimately ending with full-time jobs, the Wharton class's experiences show the ups and downs faced by young career seekers. In the end, entrepreneurs and nonprofit fans may be disappointed, but perhaps not surprised, to find that all six of the book's subjects, end up in Establishment-oriented jobs, but with this story, the journey, rather than the proverbial final destination, proves to be the most interesting part. --Peter Han

From Publishers Weekly

Wharton, the business school of the University of Pennsylvania, has a glamorous reputation that is fueled in part by illustrious alumni, like Donald Trump and Ronald Perelman, and Forbes reporter Ridgway makes a big deal of its prominence. The institution's distinction, however, does not rub off onto Ridgway's undistinguished account of the 2003-2004 academic year. She follows six seniors as they make their way through the corporate recruitment process while completing their degrees. Though she tries to make everything sound special (it happened at Wharton!), what she lays out is a series of generic experiences-from internships to interviews to job offers-that could have taken place at any business school. The students themselves present a limited range of high-achieving personalities, and since there's never any doubt that they'll be able to find jobs, Ridgway is unable to infuse their stories with any real dramatic tension. What might have made an interesting magazine article proves too thin when stretched to book length. Wharton officials are bound to love it, though-there's barely any acknowledgment that other business schools exist, or any substantial challenge to the school's prestige.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Product Details

  • Reading level: Ages 14 and up
  • Hardcover: 304 pages
  • Publisher: Gotham; First Edition edition (August 22, 2005)
  • Language: English
  • ISBN-10: 1592401252
  • ISBN-13: 978-1592401253
  • Product Dimensions: 8.4 x 5.6 x 1.4 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (23 customer reviews)
  • Amazon Best Sellers Rank: #533,182 in Books (See Top 100 in Books)

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Customer Reviews

23 Reviews
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Average Customer Review
4.0 out of 5 stars (23 customer reviews)
 
 
 
 
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11 of 13 people found the following review helpful:
5.0 out of 5 stars A must-have, light-hearted, and down-to-earth book on a not so down-to-earth institution..., December 27, 2005
This review is from: The Running of the Bulls: Inside the Cutthroat Race from Wharton to Wall Street (Hardcover)
I have recommended this book to everyone I know who is either entertaining or enrolled in a business school. I liked Nicole Ridgway's candor and her effortless writing.

This book is a great inside guide to the Wharton School. It was never a secret to me that Wharton is the oldest and most prestigious business school that absolutely packed with extremely successful people.

That said I was still surprised to learn the extent of the Wharton Alumni network power and the "halo effect" of Wharton that lasts for life and travel around the world. If you graduate from one of the lesser schools, you will always be judged by your most recent job and will not be able to move to another country and have people go WOW and waltz into a Goldman Sachs, Private Equity firm, Bain or whatever. However a Wharton graduate who has bumbed around for a few years will still be given the benefit of the doubt 10 years down the track and will have friends and alumni to help him/her out.

There is a definite mystique to anyone who has a degree from Wharton. Unless you read this book, the mystique of the place can't be escaped.
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10 of 12 people found the following review helpful:
5.0 out of 5 stars Beats The Apprentice, August 22, 2005
By 
This review is from: The Running of the Bulls: Inside the Cutthroat Race from Wharton to Wall Street (Hardcover)
Ever wonder what it's like for college students to try to enter the job market these days? What about the high achievers who are aiming for Wall Street? "Running with the Bulls" gives you key insights into handling interviews--- much more than one could ever get from watching The Apprentice. Here is a look into how several Wharton graduating students threaded the maze. Written with an engaging style, this is a must read for anyone considering a finance career and specifically someone considering a Wall Street career. While I am sure Wharton alum will enjoy it immensely, it targets college students and their parents who are in the process of making decisions about their studies, their futures and their quality of life. A solid thumbs up!
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9 of 11 people found the following review helpful:
5.0 out of 5 stars From a Penn Alum '04, June 9, 2006
As a Penn Alum, Class of '04, I must say that Ridgway has captured many of the elements that are endearing not only to Whartonites, but to all Penn students--from familiar Penn lingo to various campus sites and their nicknames lovingly tagged on by and known only (up until now) to us Quakers. This book serves many purposes. It is not only a nostalgic keepsake for the Penn Class of '04, but a guide for the current Quakers-in-Making--of course, tailored more for the Wharton students who want to follow in such footsteps. In addition, Ridgway paints a very realistic portrait of the number one business school in the world. She describes the profiles of the 7 students so accurately and pinpoints not only the milestones of their grueling journeys, but also the subtle nuances in their paths, all of which set Wharton students apart from anyone else. Indeed, there is a certain rift that exists between Wharton and the 3 other schools at Penn. There is no denial in that, which Ridgway correctly points out. That being stated, there remains a universal aspect to this book: Ridgway has successfully shifted through the thick ivy vines to reveal to her readers what the stereotypical Ivy League mindset is all about. She breaks down the mystery by describing what it takes to become the "cream of the cream of the crop" from the infant stages of student life.
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Inside This Book (learn more)
First Sentence:
Every August they arrive in droves. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
summer analysts, analyst class, recruiting season, ton students, pitch books, sell day, finance classes
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Wall Street, Goldman Sachs, Morgan Stanley, American Express, Career Services, Joseph Wharton, Wharton Women, Huntsman Hall, Lehman Brothers, Locust Walk, Wharton School, General Mills, Ivy League, Jon Gantman, Shreevar Kheruka, Gary Parr, Dean's Award, Jessica Kennedy, Shimika Wilder, University of Pennsylvania, Alpha Phi, Anthony Sandrik, Dean Harker, Dietrich Hall
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