MBAs Forgo Summer Internships for Startup Work

Schools are helping students hone their entrepreneurial skills
Photo illustration by Darren Braun for Bloomberg Businessweek

While some of his classmates earned $8,000 a month or more working as interns at hedge funds or private equity firms, Andrew Ward spent the summer of 2011 starting a business and living in a one-bedroom, fifth-story walkup in Manhattan with two friends. “The summer at business school is a pretty low-risk time,” says the 28-year-old Wharton MBA 2012 grad. “I wanted to make the most of it by doing the riskiest thing possible.”

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