Monday, October 1, 2012

The Number Of B-School Grads Going To Wall Street Has Dived




Bi writes: It used to be more than one in four Wharton grads took jobs at investment banks. That number plunged to 16 percent in 2012.

According to the Financial Times, greater job insecurity in an industry struggling to adapt to regulatory change is driving MBAs away from investment banks. Grads are seeing more promise in private equity right out of school instead of after spending two years at a bulge-bracket bank.
The turbulence is evident in Goldman Sachs' decision to end its two-year graduate training program in September. The bank will use open-ended hiring for recent grads in hopes of securing a workforce that won't defect….

Read more: http://www.businessinsider.com/grads-turning-backs-on-wall-street-2012-10#ixzz284Ozl9HV

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