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Damn, It Feels Good To Be A Banker: And Other Baller Things You Only Get To Say If You Work On Wall Street (2008)

by Leveraged Sellout(Favorite Author)

3.57 of 5 Votes: 5

ISBN

1401309682 (ISBN13: 9781401309688)

languge

English

genre

Humor

publisher

Hachette Books

review 1: One of the most hilarious and entertaining reads I have ever come across. While it takes an elite level of self-confidence to enjoy / get though, if you can take it for what it was intended to be - you won't put it down until it's finished. The ultimate execution of humorous satire / so convincingly written it may not be. Even for someone in Investment Banking, I had to shrug off numerous blows, it ultimately serves as a perfect illustration of banking culture and hierarchy - with the theory of relativity at it's most brutal peak.
review 2: Saw the title of this book and knew it was just one of those books that you have to read to see what it is all about. It is written by a Princeton kid who just finished up his first year as an analyst at a bulge bracket Inv... moreestment Banking firm in 2006 and has already received his offer to go to a top tier private equity firm. Although he overdoes and makes the book sound outlandish for added effect, their is a great deal of truth in the book as well. To sum up the book, the kid is what I would describe as the tool bag of all tool bag bankers. This is different than other investment banking books as aside from discussing the life of an analyst investment banker, he also discusses all the stereotypes you hear in banking. 2006 was a different world than today, but still has a lot of validity. He discusses the pedigree shitting on kids from non-core schools, public schools, and any of the schools barely considered an Ivy League (Cornell according to him) and really does sound like he believes it. He also talks down on everyone working at a non bulge bracket and talks about how sad these kids are when they are out as they try to act like real bankers. He also talks down on people working in Corporate Finance, Consulting, etc. as they dont work long hours or make half as much money as him. It was funny I must say because I have heard of / experienced all of these stereotypes in banking and I would be lying to you if a ton of people did not fully believe in them. I do think this is a read for all you young bankers out there or want to be bankers. It addresses all of the classic stereotypes in banking and beliefs that people have as a young aspiring analyst and basically overblows everything by 10x. Models / bottles / and the high life is all the book talks about and the long days in the office. I must say I was pleasantly surprised as I thought the book was going to be full of nonsense, however there is a lot of truth behind the issues he discusses and the lifestyle of a banker. However, lets not forget that there is another majority of bankers that are uber opposites to this guy and just nice quiet family guys. Yes the guy is a tool, but I got to give him props, made it to bulge bracket banking and top tier PE firm so cant knock him too much. less

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