Harvard Business School graduates are flocking to Wall Street in numbers not seen since 2008 — which could be a very bad sign for the markets, CNBC reports.
Around 38 percent of this year's HBS class took jobs in "market-sensitive" industries including investment banking, hedge funds, venture capital and private equity, up from just 31 percent last year.
For years, a consultant named Ray Soifer has analyzed the career paths of freshly minted Harvard MBAs looking for signs of the economy.
According to Soifer, when more than 30 percent of HBS grads take Wall Street jobs, it's a strong sell signal...
Find the rest at http://www.cnbc.com/id/45030885#ixzz1boiSBbvG
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