A new survey shows that jobs outside of Wall Street are becoming increasingly enticing to recent MBA graduates. According to data from Training the Street, bulge bracket banks were a top employment choice for just 19 percent of respondents. Not only is that a drop of 7 percent from last year, it’s also the lowest level in the eight-year history of the survey.
“Banks are still a dominant hiring force for MBAs and continue to attract top talent, but working for larger, established companies off of Wall Street is becoming more attractive to MBAs as they offer a different type of lifestyle,” Scott Rostan, founder and CEO of Training The Street, a company that offers technical training to financial firms and business schools, said in a statement.
The survey, conducted in June, included more than 200 recent graduates.
Other employment options hit record levels of preference this year. Top choices included consulting firms at 20 percent, corporate development at a Fortune 2000 company at 13 percent and boutique banks at 12 percent.