One group of people does not yet seem to have caught up with the crisis in financial services – Harvard MBA graduates.
Ray Soifer, the financial analyst, has just released his annual analysis of the career paths of Harvard MBAs, which shows that a record-breaking proportion of this elite became bankers or financiers when they graduated this summer.
According to Mr Soifer, newly-released HBA data show that 41 per cent of the Harvard MBA class of 2008 chose market-sensitive careers, just above the 40 per cent record set in 2007. He defines market-sensitive sectors as investment banking, fund management, sales and trading, venture capital and private equity. Read more