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career changers

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Current Student
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Joined: 18 Jun 2012
Posts: 145
Concentration: Healthcare, General Management
GMAT Date: 09-14-2012
Followers: 1

Kudos [?]: 14 [0], given: 1

career changers [#permalink] New post 08 Dec 2012, 19:39
I noticed a trend among quite a few people that I know who work for < 2 years at top firms (ie M/B/B, or IB@BB) and they move on to the non-profit sector. Is there any reason for this? One person I know said he was tired of the IB lifestyle and wanted to do something a little more fullfilling.
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Current Student
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Joined: 04 Nov 2012
Posts: 90
Location: United States
Concentration: Finance, International Business
GMAT 1: Q44 V38
GPA: 3.7
WE: Science (Pharmaceuticals and Biotech)
Followers: 1

Kudos [?]: 33 [1] , given: 82

Re: career changers [#permalink] New post 08 Dec 2012, 19:54
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RoyHalladay wrote:
I noticed a trend among quite a few people that I know who work for < 2 years at top firms (ie M/B/B, or IB@BB) and they move on to the non-profit sector. Is there any reason for this? One person I know said he was tired of the IB lifestyle and wanted to do something a little more fullfilling.


This trend is definitely real; my suspicion is that these individuals want a simpler life, fewer hours and less stress. That is my experience anyways. Great post, I look forward to hearing others input.
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Affiliations: Columbia, Wharton, LBS
Joined: 02 Nov 2009
Posts: 592
Schools: Harvard, Stanford, LBS, Columbia, Wharton, HEC Paris
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Re: career changers [#permalink] New post 09 Dec 2012, 08:02
This is a definite trend. I would estimate that over 75% of the people we advise who work in investment banking look towards their MBA degree as a means of transitioning to a new, non-fiannce career. Most of the people we speak to say (a) lifestyle issues, (b) lack of innovation/creativity and (c) rigid/regulatory environment as the main issues for this change. Also, almost all of these people did not enjoy their experience at all and would not recommend investment banking analyst programs to their younger peers.

Kimberly Plaga
Senior Admissions Consultant
Manhattan Review
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Re: career changers   [#permalink] 09 Dec 2012, 08:02
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