ForumWatch: Is Finance Still the Top Choice for MBAs?

ForumWatch: Is Finance Still the Top Choice for MBAs?
With pay cuts and job reductions at big banks, financial services no longer seems like the ticket to riches it once was. Will MBAs continue to flock to the industry? (Photograph by Fredrich Cantor/Getty Images)
Photograph by Fredrich Cantor/Getty Images

In recent weeks, much of the news coming out of the investment banking world has been about pay cuts, job reductions, and compensation clawbacks at Goldman Sachs, Morgan Stanley, Deutsche Bank, JPMorgan Chase, and elsewhere. There has always been a love affair between the finance industry and MBAs (financial services took nearly 40 percent of Wharton‘s 2012 graduating class), in no small part because of salaries. Without the money, or at least the certainty of money, will the love last?

Recently, Bloomberg Businessweek initiated this very conversation on the Business School Forums. Tell us what you think about the changes the industry is undergoing and whether you still want to work for the banks. Share your opinion on the “Is Financial Services Less Attractive?” discussion thread.

Editor’s Note: This blog post is part of a series about discussions taking place on the Bloomberg Businessweek Business School Forums,where prospective MBA program applicants, current students, and recent alumni trade admissions tips, job-hunting advice, and the occasional barbed comment. We invite you to join these discussions or start one of your own.

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