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Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits is a New York Times bestselling look at young Wall Street bankers after the crash of 2008.
I started writing the book in 2010, when I looked around at the recent college graduates who were starting jobs at big Wall Street banks just after the financial crisis. I was curious about how the crash had reshaped the experience of being young on Wall Street, and I wanted to figure out what happened to these people once they joined the money chase.
So for the next three years, I shadowed eight young workers at financial firms like Goldman Sachs and J.P. Morgan. They gave me intimate (and unauthorized) access to their lives both inside and outside of work, and taught me the secrets of the high-flying, soul-crushing world they inhabit.
Young Money is the story of these eight young bankers. It's a story about 100-hour workweeks, drug-fueled all-nighters, Harvard hedge funds, dating mixers, Occupy protests, and top-secret fraternity parties. But it's also about the doubt and introspection that creeped into the financial sector after 2008, and an inside look at how the crisis really, truly changed Wall Street, starting with its youngest members.
New York Times Best Seller
Wall Street Journal Best Seller
Amazon Best Book of February 2014
MSNBC "Morning Joe" Book Club Pick
"A colourful taxonomy...Roose triumphs."
"If Martin Scorsese's film The Wolf of Wall Street is about the finance industry's greediest adults, Kevin Roose's Young Money is a look at those wolves as cubs ... a surprisingly sympathetic portrait."
"A person’s twenties are supposed to be for making mistakes. Young Money might keep many of America’s brightest grads from making theirs on Wall Street."
"A great new read that doubles as a post-crash update to Michael Lewis' Liar's Poker"
"Sharp and witty ... his prose is crisp and colorful. Recommended."
"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."
"[Young Money] offers a compelling glimpse of Wall Street in the post–2008 recession era...thought provoking, excellent book."
"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
“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 & 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
Co-author of 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