MBAs Look To Alternative Investments
As they prepare to graduate, many MBAs are exploring career opportunities among hedge funds, private equity funds, venture capital firms and technology companies.
Despite Wall Street's renewed interest in hiring newly minted MBAs, campus career advisors told USA Today that candidates want to find better opportunities - and avoid what they see as Wall Street's tendency to "underhire," then "overfire."
On average, MBA candidates applied for 17 jobs last year, USA Today said, down from 39 in 2002. Meantime, each graduate is receiving two offers, on average. The recruiting consulting company WetFeet said MBA graduates in 2006 will earn about $107,000 in base pay and signing bonuses, slightly more than last year, but less than the average of some $112,000 earned in 2000.
