A young man's ambition to succeed in the cutthroat world of New York finance is tested by the moral compromises he must make. Lawrence "Ding" Lawrence, a bright but naive student at a prestigious preparatory school, dreams of wealth and status. He believes that money is the ultimate measure of success and that the ends justify the means. As he navigates the social hierarchies of his school and prepares for college, he encounters various characters who influence his views on wealth, power, and morality. The narrative framework is primarily third-person, following Lawrence's development and his interactions within the rigid social structures of the era.

The novel offers a sharp critique of the materialistic values prevalent in early 20th-century America, particularly within educational institutions. It examines how the pursuit of wealth can shape a young person's moral development, often leading to difficult choices. The narrative's focus on social climbing and the compromises made in the name of success suggests a commentary on the broader societal pressures of the time. The book's exploration of ambition and integrity positions it as a relevant study of enduring human desires and ethical challenges.