Harvard Business School Graduates Target Hedge Fund Career
Students at Harvard Business School remain interested in working in the sector, even if some will use it as a route into hedge funds and private equity.
In
the US, the public’s dislike of bankers for their role in sinking the
country into financial crisis in 2008 found its voice in activist
movements such as Occupy Wall Street.
Now the anger has moved off the streets and even the big banks’ upcoming annual shareholder meetings are expected to be calm.
Starting
this month, Citigroup, JPMorgan Chase and Goldman Sachs are holding
their AGMs hundreds of miles from New York City, the financial hub and
site of the post-crisis protests.
One senior US banker was cautiously optimistic, saying: “Maybe I’ve got my head in the sand, but it’s got a lot better.”
The statistics appear to support his view.
While
banks have yet to fully rebuild their reputations, public trust in US
banks has improved to 46 per cent this year, up from 36 per cent in
2009, according to the annual trust barometer survey by Edelman, the
public relations company. The improvement was not enough to move banking
out of the group of least trusted sectors in the world.
Source: Financial Times
