Money Makers: Inside the New World of Finance and Business

A stellar resource for the recent graduate

Money Makers is the perfect guide for a graduate who is, like me, slightly overwhelmed at the daunting process of choosing a career path. The book walks you through the different worlds of business and does so with humor and understanding. Though the content reaches a sophisticated level, the reading is accessible to the less business-savvy of people. I would recommend it to any and all who are looking to pursue a career in business, looking to make money, or looking for an explanation on what the difference is between Investment Banking, Brokers, Venture Capitalists . all the words that make headlines but that we have trouble wrapping our heads around.

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Money Makers

If you¿ve ever wondered what drives major segments of the financial industry ¿ investment banking, venture capital, private equity, hedge funds, management consulting and corporate management ¿ David Snider and Chris Howard provide some solid answers in this introductory overview of these sectors. Their survey includes interviews with industry leaders and a summary of the traits employees need to succeed in these fields. getAbstract finds this jargon-free, informative book useful for business students and others interested in finding careers in this challenging industry.

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One of the best business books I've read

One of the best business books I've read: Money Makers was informative, concise, and entertaining.

I've recommended this book numerous times to people who are either a) considering a financial career, b) striving to place financial news in a more nuanced context, or c) curious about the hands pulling the strings in our financial markets.

Why it's unique: the book integrates candid interviews with luminaries from financial titans Goldman Sachs, Bain Capital, Greylock Partners, and McKinsey, as well as leaders at corporate behemoths Google, Motorola, General Electric, and Boston Scientific (among others). David Snider's and Dr. Chris Howard's thorough background research puts each industry into sharp focus. Refreshingly, the technical explanations throughout the book clarify such frequently confused topics as debt instruments, subprime mortgages, and investment with nearly unparalleled clarity.

Favorite parts: the unflinching assessments of the life of investment bankers, private equity managers, hedge fund managers, management consultants, and venture capitalists are especially memorable. These richly painted portrayals simultaneously educated and engaged me by including the detailed pros and cons of the five industries' work-life balance, compensation considerations, and required characteristics for success.

My only gripe: the entrepreneurship section got relatively short-shrift amidst the book's other financial profiles. On the other hand, entrepreneurs are frequently media darlings already. Money Makers' true edge is in carefully illuminating the less well documented actors of the business world--actors that have played significant roles in the recent financial disasters.

Overall, I still give Money Makers an enthusiastic "A+".

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