Wall Street banks are losing their allure
Banking is still the career of choice for the majority of MBA students - but the percentage of those choosing it is dropping.
The financial training provider Training the Street has been surveying MBA students since 2010 on which type of firm would be their preferred employer.
This year, 26.28% of students surveyed chose large bulge-bracket banks or global financial institutions - down from 37.5% in 2010, although up from 25.26% last year.
The percentage of respondents interested in working in private equity also declined for several years, before picking up slightly since 2014. It came in at 13.65% this year, down from 18.4% in 2010.
Startup companies have gained in relative popularity since Training the Street added them to the survey as an option in 2012. 7.17% of respondents chose startups this year, up from 5.5% in 2012.
Most of the finance- and Wall Street-related career options saw a drop-off in popularity in 2014. That coincided with an increase in popularity in other types of firms, including "corporate development within a Fortune 2000 company" and, more significantly, consulting firms.
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table
- 10 health benefits of eating Papaya in summer
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market