Tuesday, 29 January 2013

Wall Street Oasis - Investment Banking & Finance Community: Wall Street Talent Drain

Wall Street Oasis - Investment Banking & Finance Community
The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.
Wall Street Talent Drain
Jan 29th 2013, 09:03

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Its hard to believe with the possibility of a six figure salary out of undergrad that people would willingly pass up finance roles, but it appears that's happening.

With tremendous growth in start-ups and tech hubs like silicon valley new grads seem lured by the innovative prospects.

The issue, executives say, is not pay, but how much scope there is to innovate and build businesses, which is why more bankers and traders are leaving the big Wall Street firms for Silicon Valley, joining private investment partnerships like hedge funds and private equity funds, or going into energy and other industries.

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