Banks are the dominant hiring force for MBA graduates of the United States.
MBA graduates aim for a job in banking as they graduate, however, recruiting efforts from banks have decreased.
The eighth annual Training The Street MBA Employment Survey found that 19% of respondents aim to work for large banking corporations.
However, despite banking is the dominant hiring force for MBAs, they decreased their recruiting efforts in 2016.
Why banking is a top choice
A trend was discovered throughout the survey as MBAs were seen to search for long term jobs, as 58% plan to keep their next job for 3 to 5 years.
For the first time in eight years, Wall Street job-hunting lagged notably in comparison with other fields.
Being part of a consulting firm or corporate development proved a larger expansion than the desire of being part of the largest financial district of the world.
Looking for that first job outside of Wall Street is one of the most attractive findings In the index, as it reflects a rising lifestyle
Startup options fall behind
Worrying about stability and proper valuations put startup options at the back of the line of MBAs aspirations.
The urge to find a long-term job is also one of the reasons of seeing startup options run up at position number 5.
Other key findings
- 39% of MBAs stated that New York is their place of choice for work.
- 92% of respondents they prefer to work in the United States.
- Over 200 recent MBA graduates responded the eighth annual Training The Street MBA Employment Survey.