Being Citybroke is about perspective. It’s about seeing glitter in the gutter and a sense of humor when life is giving you everything you don’t exactly want and you’re hanging on for a dream that you sometimes can’t remember.
It’s not sales or survival - it’s an electronic letter from the trenches. It’s what suits who make $60K in at age 24 can’t even imagine. It’s Freedom. It’s Poverty. It’s Broken. It’s Beautiful.

Monday, November 19, 2007

Harvard MBA's invade Wall Street. Translation: SELL!

Thinking of investing? Think again. Buy the durable good instead. See below.

"When 10% or less of a graduating class take Wall Street jobs, it's a long-term buy signal. When 30% or more take market sensitive Wall Street jobs, it's a big flashing sell signal.
When we noted first this story, 37% of the class of 2006 had gone to market sensitive Wall Street positions. This year's number was even higher--40%. Meanwhile, following the trend of recent years, the average number of months of work experience of HBS grads slipped from 52 to 50."

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