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Article: Stanford Business School Research: Are Wall Street Careers Just the Luck of the Draw?
- Article from:
- Ascribe Higher Education News Service
- Article date:
- June 13, 2006
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Byline: Stanford Graduate School of Business
STANFORD, Calif., June 13 (AScribe Newswire) -- Many young MBAs who go into investment banking might just owe their career to happenstance as much as their die-hard allegiance to Wall Street, according to research released in today's Stanford Knowledgebase (http://www.gsb.stanford.edu/news/knowledgebase.html ), the monthly electronic newsletter published by the Stanford Graduate School of Business. And those who graduate during a bear market may never get the chance later to start a Wall Street career - a fact that dramatically cuts down on their lifetime earnings.
"It always struck me that being in the right ...