The B-School Love Affair With Wall Street Cools

Photograph by Scott Eells/Bloomberg

When David Kralik enrolled in the  MBA program at the Thunderbird School of Global Management in 2010, he was intent on a job in finance. He worked a summer internship at American Express and considered investment banking, but quickly soured on the idea. It wasn’t the 14-hour days typical of the industry, but the heightened regulatory scrutiny, slashed pay at big banks, and uncertainty about the industry’s future that killed his Wall Street dreams.

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