There's a good article in Business Week about shifts in MBA employment opportunity after graduation. Seems that a lot of the traditional big employers of MBAs (Goldman Sachs, Citigroup) are recruiting fewer and fewer grads from the top programs like Duke and Wharton.

Of course, this slackening is due to the crisis and the gutting of the financial sector.

But what's interesting is that there's a new crop of employers that are picking up this slack: think Apple, Amazon, etc - they're pulling more and more grads, and the result is that hiring is spreading away from financial centers like New York and to places all around the country, like Silicon Valley and the midwest.

Could be interesting to see how MBA programs adapt (or don't adapt) to this trend - maybe there will be more focus on innovation or other multidisciplinary studies and less on traditional finance. Maybe more schools will sprout in different places outside the old financial centers.

Looks like this trend is continuing - I just saw a Wall Street Journal that polled MBA students on where they'd like to work after graduation - and Google/Facebook/Apple were all in the top 10.

Number one, though, was McKinsey & Co. - so in some ways, things stay the same. Good quote from a Stanford rep showing shifts in finance students' goals:

Stanford Graduate School of Business student Eduardo Hurtado, who is co-president of the finance and investment club, said that finance students are looking at hedge funds or venture-capital firms, rather than at traditional banks. "People don't want to spend [years] in a role before they get to have some kind of larger impact, which is something you can get in a smaller firm," he said.

What do you think a finance MBA means by having "some kind of larger impact"?

For some of the companies on that list - Apple, Google, etc. - I guess it's about identifying with innovative, growing, recognizable companies. Towards the bottom of that list are hundreds of other interesting companies, as well.

But oh, how dreams change. When you're a kid, you want to be a firefighter, astronaut, ninja or ballerina. Fast-forward twenty years later, and all MBAs wanna do is go work for McKinsey & Co.

What do you think a finance MBA means by having "some kind of larger impact"?

But oh, how dreams change. When you're a kid, you want to be a firefighter, astronaut, ninja or ballerina. Fast-forward twenty years later, and all MBAs wanna do is go work for McKinsey & Co.

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