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An Amazon Best Book of the Month, February 2014: If Martin Scorsese's film The Wolf of Wall Street is about the finance industry's greediest adults, Kevin Roose's Young Money: Inside the Hidden World of Wall Street's Post-crash Recruits is a look at those wolves as cubs. 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). These young bankers and analysts discover that while the pay is good, the hours are bad and the never-ending sense of existential dread is ugly. 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. Despite their hesitations, many scared twentysomethings entered the finance sector, as one of the few institutions that was still hiring. 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. --Kevin Nguyen
My main objection to the book is that it doesn't feel serious.
Overall, a good book and a very easy read, but we've heard some of these stories before and, while still compelling, can feel a bit dated.
I have a friend who is looking to get into finance and I'm definitely going to recommend he read this book.
I don’t read a lot of books, but this definitely shows the more real side of wall street.Published 2 days ago by Rob L.
I had a hard time empathizing with twenty something's making 6 figures.Published 13 days ago by Tom B.
I enjoyed the book for what I was looking for - to learn a little bit about the culture, workload and life of young investment bank employees. Read morePublished 26 days ago by mmharrin
Yet another book on bankers, banking excess and disillusionment. This one, however, has a different flavor. Rather than 1 story, there are 8. Mr. Read morePublished 1 month ago by Brian Kodi
This book should be turned to a movie!!! Looking forward to the continuation...Published 1 month ago by wud
It was an interesting read. As one of the 99% at no time during my 20's did I come close to making the money these young people were and or are. Read morePublished 1 month ago by Paul A. Bowman
As someone who has never studied finance but have friends in the finance industry, this book explains a lot. About why they were always so paranoid about their work. Read morePublished 1 month ago by Raman Sridharan