Thursday's Headlines: Pricey MBAs still worth it, despite complaints
Paying hundreds of thousands of dollars for an MBA from a top school is still worth it, despite recent criticisms directed at business schools, Forbes writes.
Ranking schools by their return on investment, Harvard Business School comes up top for the first time since 2003, followed by Stanford University. "Graduates in Harvard's class of 2006 saw their median salaries soar from $79,000 before school to $230,000 in 2010, which was the highest among U.S. schools," Forbes writes in a blog post.
Hiring rates have also improved across the board, with 57% of business students already having a job offer in hand three months before they graduate, up from 40% in 2010, Forbes points out.
Deutsche Bank to wait until 2012 before hiring new investment banking chief. [Dow Jones News Wires]
Jefferies Group hires Thomas Fetzer from UBS to advise industrial equipment clients. [Bloomberg]
Investors Capital's Ted Charles sells his stake to employees, clients. [Investment News]
RBC Capital Markets hires Steve Feinstein from Barclays Capital to run corporate derivatives marketing. [Bloomberg]
Powerful investor Bruce Berkowitz to host conference call to question Bank of America CEO Moynihan. [Wall Street Journal]
SEC sues Houston's Select Asset Management manager for alleged Ponzi scheme. [Biz Journals]
Denmark bank consolidation needed as protection from market shocks, finance minister says. [Wall Street Journal]
Macquarie Group hires private equity bankers from Lazard, UBS. [DealBook]
TASK Capital Partners hedge fund manager charged with embezzlement. [Hedge Fund Net]
Heritage Commerce adds VC Prive's Laura Roden to board of directors. [Biz Journals]
Morgan Stanley appoints Asia head Charlie Mak to run wealth management unit. [MarketWatch]
Bank of America hires Citi's Anne Clark Wolff as co-head of global corporate banking. [Wall Street Journal]