More brand new MBAs are looking beyond Wall Street for career opportunities than ever before.
So finds the eighth annual MBA Employment survey from Training The Street (TTS), a leading provider of instructor-led courses in accounting, asset management, capital markets, financial modeling, and corporate valuation training to Wall Street investment banks, federal government agencies, law firms, business schools, and top colleges.
Banking on Other Options
The largest and most profitable international banks remain a top employment choice for 19 percent of survey respondents, but that number reflects a 7 percent drop from 2016 and an all-time low in the history of the survey.
Other employment options are preferred at record levels. These include:
- Consulting firms, preferred by 20 percent of respondents, up 3 percent from last year
- Corporate development at a Fortune 2000 company, favored by 13 percent of respondents, up 5 percent from 2016
- Boutique banks, preferred by 12 percent, up from 5 percent from last year
Positions at startups are the top employment choice for only 5 percent of MBAs, a 2 percent drop from a year ago.
Corporate recruiting efforts may play a part in MBA job preferences. The survey suggests banks have decreased their recruiting efforts this year. Forty-three percent of MBAs say they were