Monday, May 5, 2014

Book Review: Young Money

Young Money is a look at the aftermath of the economic crisis and follows eight newbies on Wall Street from 2010-2013.

The basics: Their lives suck, but they make great money.

The book reads quickly and while I would have liked a little more explanation of some of the job titles, acronyms, and the whats-its of finance, adding all of that would have slowed it down a lot. It's a good introduction to what it's like now for new recruits. I'm looking forward to skimming and viewing a few of the books (and a couple of movies) mentioned throughout Young Money.

Reading about the experiences of these young analysts definitely shows how someone could turn into one of the Wall Street jerks we all seem to be familiar with. The long hours, little recognition, tons of stress, no social life outside of work, and bosses that just keep piling on the work can definitely lead to excessive drinking, drug use, and depression. But by the end of the book, there's definitely a little hope that Wall Street has changed its ways. - Melissa (Downtown)

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