Monkey Business
July 2004 Book of the
Month 9.5/10.0
By Chris Stallman
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If you're
like me or any of my friends, you've at least given investment banking
some thought (if you want to study business, that is). After
all, who wouldn't want to graduate from college and walk right into
a job that pays amazing and gives you a chance to be a Wall Street
hotshot? It sounds like a pretty good deal to me.
And that's what everyone in business school right now
is thinking. Most schools put out their employment reports
and students quickly flip to the part with starting salaries.
It doesn't take more than 2 seconds to realize investment banking
is where graduates are making all the money.
Unfortunately,
investment banking isn't entirely glamorous. Monkey Business
is a book written by two ex-investment bankers with Donaldson Lufkin
and Jenrette. These two guys had the exact same idea when
they graduated from Wharton and Harvard with their MBA's but they
quickly realized it wasn't everything it was cracked up to be.
This book gives wonderful inside view to what jobs
on Wall Street are really like as it describes their short time
as investment bankers. From working on big IPO deals to wild
nights at the corporate Christmas party, Rolfe and Troob leave no
rock uncovered.
The book
caused a little bit of controversy when it came out. Investment
banks were quick to point out that the book was overly dramatic
and wanted to discredit it in order to insure they could continue
to have access to new crops of investment bankers.
This book
is a must read for anyone considering going into investment banking.
If nothing else, it'll at least give you another look at what you're
getting yourself into. But remember that investment banking isn't
all bad either. Rating: 9.5/10.
Buy
This Book Now!
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