For the longest time, investment banking has been one of the most sought after career paths for students at top MBA programs in the United States. In recent years, however, investment banking has declined in popularity, losing market share to technology companies. According to an article in The Wall Street Journal from June 2018:
“The share of full-time M.B.A. graduates from the top 10 business schools accepting jobs at financial-services firms dropped between 2012 and 2017 from 35.7% to 26.4%, based on a weighted average calculated by the Journal. The share accepting jobs in tech rose from 12.9% to 20.1% in the same period.”
So is technology really the better career path for MBA students? Or does investment banking still reign? In this battle between Silicon Valley and Wall Street for the best and brightest, who deserves your attention more?