Harvard MBAs pursuing finance careers decline

Careers in the News: The numbers are out and only 28% of Harvard Business School graduates have pursued a finance career in 2009.  According to an economic professional, this number is neither bullish nor bearish, and instead represents a neutral outlook.  We can determine a lot by these Harvard Business School trends.  Long-term equity investments are bearish when the percentage of graduates pursing finance careers is more than 30%.  Conversely, the bulls dominate long-term markets when the percentage of finance-minded graduates is less than 10%.  Oddly, graduating MBAs seem to be good at predicting precisely which way the stock market is not going.  Perhaps they should listen to Warren Buffet’s timeless advice to “be greedy when people are fearful, and fearful when people are greedy.”  Despite their very human flaws, based on this parameter, 2009 economic predictions are unfortunately taking the ‘5th’ and leaving us with only the hopes that 2010 will be a more reliable witness.

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Written by Amberly Scott

Image by Chris van Dyck