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Investment Banking No Longer Top Choice of Grads

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Mark Melin
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Bulge bracket investment banking is no top career choice of MBA students and recent graduates. One quarter of respondents expressed a preference to working at consulting firms, up six percent from the previous year.  Twenty two percent of survey respondents stated a preference for bulge bracket banks according to a new study from Training The Street (TTS).

Starting salaries for graduates

Salaries for those starting from graduate school are up as well. Forty eight percent of the job offers boast starting salaries between $100,000 and $125,000, while twenty six percent had a salary of more than $125,000. This marks a 17% increase in the number of graduates joining the top top-tier salary range when compared to the previous year.

Investment banking under pressure

"Salaries...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.