Why go into investment banking (as opposed to grad school)?

Davos envy and Romney’s income in the last two years (and tax rate) have got quite a few people thinking and talking about the morality and usefulness of the financial sector. The odd thing, however, is that ever more brilliant college leavers (including from my alma mater) continue to be attracted to the financial sector and not the real economy (there was a brief decline after the 2008 recession but it appears that the trend is picking up again?

So why do college graduates want to be on the street or racking up lifetime miles in consulting? The simple answer is that returns are great, as shown in this illustration from theiBanker.

HT FTAlphaville.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s