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AnonTechie [soylentnews.org] writes:

Young Bankers Fed Up With 90-Hour Weeks Move to Startups

Some of the best and brightest of Wall Street's young investment bankers are bailing out of their high-paying, prestigious jobs at big financial institutions. Many are setting up their own businesses, especially in technology. While there are no precise statistics on the trend, data from the U.S. Census Bureau show that the number of employees aged 25 to 34 in the New York metropolitan area in finance and insurance fell to 109,187 as of the second quarter of 2013, down 19 percent from the second quarter of 2007.

At elite universities, fewer MBA and finance candidates are willing to even consider a life of missed weddings, busted romances and deep-into-the-night deal negotiations. The percentage of Harvard Business School graduates entering investment banking, sales or trading dropped to 5 percent last year from 12 percent in 2006, while those entering technology almost tripled to 18 percent during that period. At the University of Pennsylvania's Wharton School, the percentage of MBAs entering investment banking dropped to 13.3 percent last year from 26 percent in 2006, while those entering tech more than doubled to 11.1 percent.

http://www.bloomberg.com/news/2014-05-09/young-ban kers-fed-up-with-90-hour-weeks-move-to-startups.ht ml [bloomberg.com]

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