NYT's DealBook has the details and statistics on the latest graduting MBA class from Harvard Business School. The author makes it seem like it, but is it really surprising that more Harvard MBAs are flocking to Wall Street than before?
Last year 44% went into the financial services industry, this year about 45% are. What does this really tell us? And what does that mean for the "Harvard MBA Indicator"?
DealBookAbout 4 percent of Harvard’s latest class took jobs at hedge funds, and about 9 percent went to work at investment banks, the data show. About 17 percent went to private equity or leveraged buyout jobs, and 4 percent took positions in the venture-capital industry. (Whether all those people will keep those jobs is an open question, of course.).
I wonder how many of them ended up with back office jobs.
You have to remember that most of these students accepted offers back in the summer or fall of last year when times were still pretty good on Wall Street. When they were looking at potential employers all they had was data for 2006 bonuses that were paid out on Wall Street, and those were pretty darn good.
I would be more interested in the numbers that come out next year or the year after that.
So, to answer your question: This does not tell us anything.
wow....im not from an ivy league school but are you serious with those base salaries? (125,000 median + SIGN ON BONUS + 125,000 GUARANTEED BONUS + 30-50% of additional bonus).. Do most top ranked MBA programs rank in these compensation brackets?
@john123--you're mixing up a bunch of stats, there...
For finance the standard up until last year was $95K base, $40K signing bonus, another $10-15 for relocation, and then a stub bonus for your first 6 months of work of $45K.
For consulting I believe it was $115-125K base, $20K signing, plus a smaller year-end bonus.
And yes, that were for all the top-ranked MBA programs. That said, there are plenty of people coming out of Harvard, Wharton, Stanford, etc. making $100K with no bonuses, in fields like Media & Entertainment, Marketing, etc. Plus all the people starting there own business who make $0 there first year out.
Velit voluptas dolorem tempora voluptate qui consequatur est. Molestiae velit non assumenda et quia. Animi quas voluptatem ipsam qui aut. Libero ad incidunt sed quidem nesciunt pariatur atque. Est voluptas modi quas ut minus voluptatem qui fugit. Nemo aliquid dignissimos facere sint autem sunt dolorum quis.
Saepe itaque eos dolor cum voluptatem debitis est est. Dicta totam rerum ducimus aperiam quasi. Earum voluptatem rerum doloribus ad qui est. Tenetur nostrum molestiae nostrum cupiditate sed error ut.
Incidunt iusto eum velit. Corrupti deserunt accusantium voluptates ea inventore. Magni nisi necessitatibus totam. Fugit dolorum ut quia totam sed aut illum. Non asperiores quis autem sequi accusantium maxime.
Praesentium beatae ut non eos porro expedita doloribus. Laborum accusantium nemo vitae. Quod accusantium repellendus consectetur eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...