Twenty years ago, private equity was a niche career choice for MBA graduates at Wharton, with only 4% entering this field in 2004. Currently, this percentage has increased, with nearly 13% of the 2024 graduating class pursuing roles in private equity or venture capital, while only 15% are heading to investment banks. This shift suggests a growing respect and interest in private equity, as firms like Blackstone and Citadel rise in market power and prestige. A survey of finance students indicates that perceptions of career prestige in finance are changing.
Twenty years ago, private equity was a niche choice for MBAs, with only 4% entering the field. Today, nearly 13% of recent grads pursue such careers.
As businesses in private equity and venture capital gain prestige, traditional investment banking has seen its share decrease, reflecting a shift in career aspirations among finance students.
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