Banks? No, thanks!

Graduate School Business School - MBA
1

<p>For graduates of the world’s leading business schools, investment banking is out and consulting and technology firms are in</p>

<p><a href="http://www.economist.com/news/business/21623673-graduates-worlds-leading-business-schools-investment-banking-out-and-consulting"&gt;http://www.economist.com/news/business/21623673-graduates-worlds-leading-business-schools-investment-banking-out-and-consulting&lt;/a>
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<p>I have been in the Business consulting world for the last 19 years and seeing this trend first hand as I have clients in the Hitech/Tech industry. My brother, who is in IB (in London), has a similar opinion. </p>

<p>Any thoughts or opinions?</p>

2

<p>For women, the downside of IB is long hours and consulting, too much travel.</p>

3

<p>I think there are a variety of reasons for this:</p>

<ol>
<li><p>Technology has essentially limitless possibilities. What you’re working on could be the next Facebook!</p></li>
<li><p>The money in Finance isn’t as appealing for the majority of people anymore. (There are now other ways to earn decent money with less working hours.) Although Finance is still in the Top 5 of industries MBA graduates go into.</p></li>
<li><p>MBA schools are now looking for people in a majority of fields including tech, healthcare, non-profit etc. </p></li>
</ol>

4

<p>The next bubble will always be where grads from top MBA programs herd in to.</p>