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Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits by Kevin Roose

[HPP] Kevin RooseJuly 15, 20255 min
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The World of Entry-Level Wall Street

  • πŸŽ“ Thousands of eager college graduates are hired by major financial giants, becoming entry-level analysts in Wall Street's pecking order.
  • πŸ“š They attend intensive boot camps, like those run by Training the Street, to learn elementary accounting and basic financial analysis.
  • πŸš€ These recruits, often in their early 20s, are let loose on markets, selling stocks, building models for billion-dollar mergers, and advising corporate executives.

Author's Journey into Finance

  • πŸ’‘ Kevin Roose, the author, was a 20-something English major with no business or economics background, unlike the finance cadets.
  • 🌍 His curiosity was sparked after moving to New York in 2010, witnessing the economy in shambles and the public's intense anger towards Wall Street banks.

Post-2008 Financial Stigmatization

  • 😑 After the 2008 financial collapse, Wall Street incurred the world's wrath, with politicians and pundits criticizing bailed-out bankers.
  • 🎭 The industry faced significant stigmatization, leading to public displays of anger like
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11 entities
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Transcript19 segments

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What’s Discussed

Wall StreetFinancial CrisisInvestment BankingEntry-level AnalystsFinancial AnalysisAccountingGoldman SachsBank of America Merrill LynchEconomic Collapse of 2008Public StigmatizationCorporate ExecutivesMortgage-backed SecuritiesTraining the StreetYoung BankersPrestige
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