Highly Ethical Students.... Read On


Highly Ethical Students Read On:


Fewer business school students jump to Wall Street

Although he didn't name any schools or cite specific research, the overall numbers at business schools highlight the same trend.  Over half of Columbia Business School's 2007 graduates went into financial services. But only 35% went into financial services in 2014, according to the school's statistics.

The trend was similar at the University of Pennsylvania's Wharton School. Nearly half of all
Wharton MBA graduates went to Wall Street in 2007, but that fell to just 37% this year.
Related: Women with MBAs increasingly choose Google over Goldman

More students are flocking to Silicon Valley

At the same time some business graduates are cooling on Wall Street, they're warming up to Silicon Valley. There's been a significant increase in business school graduates flocking to the hottest tech firms, like Google (GOOG), Apple (AAPL, Tech30) and Facebook (FB, Tech30).

At Wharton, 14% of last year's graduates went into tech, up from just 6% five years ago. 
The number of MBA graduates at Harvard who went to work in tech has doubled in the last five years too.

More business school graduates still go into financial services than tech, but the gap is smaller.  Some say the shift away from Wall Street is less about ethics and more about the perception that it's an old industry shackled by a slew of new regulations. That image might deter some business grads.

On the other hand, tech firms are younger, faster growing, pay well and generally offer less
strenuous hours. They're also far less regulated than financial services.

"I don't think it's ethics on that. It's the glamour," says Kate Warne, an investment strategist at Edward Jones and a business school professor at Washington University in St. Louis. "It's that perception of 'financial services isn't the place where I'll have a great career and make a lot of money and feel that I'm a part of the future.'"  They are so smart! If nothing else our generation has given them high moral standards and the awful truth about banks and politics.


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Buzz Lightyear