A humorous new book by financial whiz kid Amit Chatwani has given a cheeky insight into America's top business schools.

He has boldly ripped the nation's most prestigious universities in 'Damn, It Feels Good to be a Banker,' written under the pseudonym 'Leveraged Sell-Out.'

"I figured it was time that a real banker stepped up to educate the world on the important realities," the New York Post quoted him, as saying.

His academic observations include:

Wharton - "The fact it is attached to the University of Pennsylvania is [its] biggest and most tragic downfall . . . being lumped together with such a big, ugly mass of mediocrity creates insecure, overcompensating alumni."

Harvard - "It's obvious that the university is trying to sell students on the notion that they could and should be the next Natalie Portman, John Roberts, or a writer for 'The Simpsons.' "

Dartmouth - "I imagine the dumbest, hokiest, frattiest kids from Princeton hidden away in the mountains of New Hampshire," who instead of studying hard "opt to float down the Connecticut River on oversized inner tubes . . . and hit on ugly chicks who are way too into ice hockey."

MIT - "Students band together under the premise that looks, fashion, pop-culture knowledge and hygiene should take a back seat to integrated circuits."

Yale - "Instead of concentrating their efforts in joining the ranks of high finance, something causes Elis to focus on careers in civil service, legislation and thespianism."

NYU - "The few NYU grads who do make it onto The Street deal with their school like a horrible one-night stand, wiping it from their memories."

Chatwani describes his own university, Princeton as 'the consummate banker school,' full of 'elitism' and 'scholarship only for the sake of monetary gain.'