So what’s the key to finding the golden ticket?įormer Goldman Sachs trader Fabrice Tourre was found liable of misleading investors in a soured mortgage-linked deal. This year, roughly 17,000 people applied for its investment banking summer internship program. Getting an internship at Goldman Sachs is no easy task. How to Get a Full-Time Offer at Goldman Sachs (eFinancialCareers) Say what you want, but healthcare still doesn’t pay what Wall Street does. The average graduate makes $5,000 less than they did a year ago. Graduates moving away from financial services have negatively altered an important number for the institution. The end result was a seven percentage point decline in the admission of students with financial backgrounds year-over-year. The school admitted a significantly fewer number of candidates with backgrounds in private equity, investment banking and venture capital. But digging deeper, as Poets and Quants did, Harvard’s admissions staff may have something to do with it as well. There are fewer, great-paying jobs on Wall Street and the industry’s reputation has taken a hit. On the surface, the reason for the exodus seems obvious.

Others are moving into technology and healthcare. Firms that specialize in investment banking, sales and trading, and investment management hired fewer Harvard MBAs in 2013 than they did the year before.Ĭonsulting firms are enjoying the benefits of the shift, where roughly one-quarter of Harvard MBAs have found work. The biggest falloffs are occurring in the areas that you’d likely imagine. The numbers are preliminary – not all graduates have found work – but you can safely assume the trend is legitimate. Roughly 27% of Harvard Business School’s Class of 2013 has been hired by financial services companies, down from 35% in 2012 and 48% in 2008, according to a new survey. Or maybe their shiny Harvard MBA degrees are failing to impress investment banks, private equity firms and hedge funds like they once did. The cream of the crop appears a bit leery of taking a job on Wall Street.

Harvard food truck challenge answers