MBA Graduates says, “Wall Street? I won’t go!”

 

 

 

 

 There are increasing number of   MBA graduates who reconsider finding employment at Wall Street as most Wall Street financial firms decided to cutting down of personnel.

 

 According to a number of leading graduate school of management in the United States, such as Harvard and Stanford, the ratio of graduates who have a job at a financial service has been decreased compared to last year. a university of management which increases compared to last year has recorded a figures far lower than before the financial crisis occurred.

 

 So far, these graduate school of management has been play a seedbed role of major financial firms such as Morgan Stanley and Goldman Sachs, JP Morgan Chase. As regulations applied to financial sector are being stricter, Many of financial companies are heavily rely on a young competent people to survive in a condition that a profit rate gradually being reduced.

 

 Olin Graduate School of Business at the University of Washington, Marc brochorph said, "because of decline of the opportunity for promotion and salary rising and unstable occupational circumstance, an attraction of Wall Street is fell down. there are Increasing percent from 15% to 21% which the percentage of graduates who enter financial business, but many graduates decided to go Midwest regional finance companies and finance boutique rather than Wall Street.

 

 One of the reasons why MBA students don't prefer Wall Street compared than past is that new employee has to charge the work of fired mid-level employees. but salaries have not risen even though working hours has been longer.

 

 In the face of uncertainty to new complex regulations and the future of large size of banks, Many financing companies are confronted with reduction of influxing competent people. Large banks such as the Bank of America are now educate a brillient young staffs and fire a senior staffs who have expensive salary in order to reduce labor costs.

 

 Investment sector which is selected by most of MBA graduates who find their way in financing business is also showing signs of weakness.

Julie Morton, a dean of Chicago University, says, "student's interest and taste become much more diverse than previously." Also, Going Sillicon Valley startups or a large enterprise like corporation which produces consumer goods are current trend.







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