Young Money

Inside the Hidden World of Wall Street's Post-Crash Recruits

By: Kevin Roose

Narrated by: Nicholas Tecosky

Length: 7 hrs and 34 mins

Publisher's summary

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.

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.

©2014 Kevin Roose (P)2014 Hachette Audio

Wow, the effort taken to make this book possible

if you want to know what it's like as a first year kid on the street. it's real to the bone and lays out what is up with very little opinion other then the obvious.

Awesome book!

Really great story. Very well written. A real inside look into the investment banking world.

Entertaining listen about Wallstreet

It was entertaining to hear about some experiences on Wall Street for those of us who don't work there. Many of the "issues" experienced by the subjects would be pretty typical of any college graduate one to two years out of school and trying to find their way in this world.

Cry Babies

Listening to these stories I wish I would’ve had the opportunity these young people had. I think political correctness has made these young people soft. When did it become a crime to have lots of money? Cry babies die, not fit to survive!
The good thing about this book is I’ve learned that people like them can be taken advantage of.

Millenial view on WS

Written post 2008 collapse, this is a young, college indoctrinated journalists viewpoint on people who choose to enter the financial space. Always interesting to learn what young people think of someone who chooses to work their ass off and get paid well to do it. Worth the read for anyone but be prepared to learn that capitalism isn't for everyone.

Tell me something I didn't know

What did you like best about Young Money? What did you like least?

I can appreciate the amount of time and research spent conducting the interviews of these Young people. Honestly though, who didn't know that being young on Wall Street was a mentally and physically exhausting grind the first few years, but the money makes it all worth it in the end.

Would you recommend Young Money to your friends? Why or why not?

I wouldn't recommend Young Money to any friends. We're all tired of listening to stories of the whiny, entitled, Millenials shirking hard work as they try to find some form of altruistic meaning in life.

Great insight into what life is like starting in Wall Street

Great stories in this book, would definitely recommend! Very fun book. Although it doesn't "teach" you anything, it's very entertaining.

Really enjoyed it. Good insight into wall street.

Yes it has a VERY anti-Wall Street bias that could have been left out. But I found it very insightful into a typical day in the life of an investment banker.

Quite accurate depiction of IB analyst life

This book did a good job depicting the work and life challenges faced by wall street investment banking analysts. It provides some useful information for post analyst career planning such as PE recruiting schedule, promotion path etc. Keep in mind though, the book’s overall tone is somewhat negative as it is written right after the 2009-2010 Wall Street meltdown. Today, IB analyst is again one of the most prestigious jobs persued by young and ambitious college graduates.

Excellent for young people

Would you listen to Young Money again? Why?

Yes, I enjoyed the strory tremendously and the author really put in a lot of work.

Who was your favorite character and why?

Derick. I am most like him.

Was this a book you wanted to listen to all in one sitting?

No