Markets make or break MBA careers
The Times reports on research by Paul Oyer, an associate professor of economics at Stanford Graduate School, suggesting MBA graduates can gauge their future earning power by flicking through the pages of the business press on the day they graduate.
When markets are good, Oyer found students have greater chance of landing a job in an investment bank. More than a quarter of MBA graduates in the two years before the 1987 crash became bankers, for example, compared to just 17% in the two subsequent years.
The health of the markets has serious implications for earning potential. Students who became bankers reportedly earned $6m (3.3m) more than those who didn't.
