Monday, April 20, 2009

The Road Less Travelled

Stephen King at Core Economics links to an interesting article in The New York Times, Business Grads Looking Beyond Wall Street

.... For the last decade, a job at Goldman Sachs, Morgan Stanley or another investment bank has been considered the most coveted prize for many of the nation’s best and brightest college students. But the implosion of Wall Street — the vaporization of Bear Stearns and Lehman Brothers, the general humbling of investment banks — has not only shaken a generation’s ambitions, but also unleashed them.

“There was a real herd mentality to get into investment banking,” said Ms. Levy, noting that prestige, peer pressure and parents often channeled students to Wall Street. But because of the crisis, “there was suddenly permission to pursue something you were interested in that your parents three years ago would have said absolutely no to.”....

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