Thursday, June 4, 2009

Fewer Placements in Finance

Via Greg Mankiw, fewer Harvard seniors heading out to finance and consulting careers and are instead looking towards non-profit and public service oriented careers (the Crimson):
More seniors indicated that they would be working in the fields of education and health care. The large increase in the number of seniors entering education—from 10 percent to 15 percent in the past year—likely reflects the popularity of programs like Teach for America, which received applications from a record-setting 14 percent of Harvard seniors, according to data released by the organization. Similarly, the number of people entering health care doubled, rising from 6 percent last year to 12 percent this year.

[...] When asked what career they would choose if finances were not a concern, a plurality of Harvard seniors chose the arts, with 16 percent indicating it as their “dream” field. Similarly large numbers of students chose public service (12.5) and education (12), while finance and consulting trailed with five percent each.

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