The best and brightest are turning away from Wall Street

Harvard Business School
Brent Lewin | Bloomberg | Getty Images

If you want to know why Wall Street firms have been falling over themselves to change the way they treat new recruits—allowing employees to wear jeans at Barclays, discouraging weekend work at Goldman—look no further than the employment statistics for this year's crop of Harvard Business School graduates.

This year just 27 percent of newly minted Harvard MBAs took jobs in financial services, according to preliminary data from the school.

While finance remains the biggest destination for elite MBAs, it's a much smaller share than at any time in recent history. Even in the years immediately after the financial crisis, the sector's share of Harvard MBAs never fell below 31 percent.

Related Tags