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Harvard students dream of arts jobs, end up becoming bankers

An interesting new study by Harvard student publication, The Crimson, underscores the extent to which students who end up going into finance would really rather be doing something else.

According to a survey of this year's graduating class, the dream jobs of the moment are in the arts, public service and education. However, with the exception of education, opportunities in these areas are limited.

Despite banks' unwillingness to hire, around 12% of Harvard students get jobs in finance. Only 5% of them are thereby fulfilling their dream.

In the graphic below, the right shows the percentage of students who dream of doing jobs in each category. The left shows the job they end up doing. The steepness of the dividing line shows the extent of the disconnect (Click on the image to expand it).

It's not clear whether these figures are representative of the state of affairs at European universities too, but they go some way to explaining why banking is seen as a get-rich-quick option rather than a career for life.

Source: The Crimson

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AUTHOReFinancialCareers UK Insider Comment
  • Go
    Goldman Sacks
    6 June 2009

    Is Art the new Goldman Sachs?

  • Ja
    Jaja
    5 June 2009

    Harvard has lost its cache. It is in so many instances a brat's country club or one which produces poorly educated and ungrateful beneficiaries (FLOTUS comes to mind) of affirmative action related scholarships. The overwhelming majority of the Harvard graduates I have worked with have been second rate thinkers. There is one state
    University in the US that produces just as many fortune 500 CEOs as Harvard. What does that tell you. I would not trade my alma mater for Harvard if you paid me.

  • Sa
    Sarah, Editor, eFinancialCaree
    4 June 2009

    @JRS - You're right - symptom of late night posting. The article was written with an undergraduate focus, headline has been amended.

  • JR
    JRS
    4 June 2009

    Poor research. If you read the article this is for undergraduates, not MBAs. Totally different group of students.

  • jo
    johnrobert
    4 June 2009

    Good morning Sarah,

    ArrogantBanker is correct and I thank you for taking note of his comment. May I add that I rarely come across news of commodity sectors, some of which are going gangbusters and the non-banking, privately owned firms that operate in this arena.
    Firms such as Trafigura, Glencore, and Cargill have huge operations and revenues that can rival many banks. Other energy, or power, trading positions are also hiring and have been hiring for some time now.
    Maybe this would get some other users posting comments other than those working FX, financial wizardry, and corporate finance.

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