Lured by some of the most exorbitant pay packages ever given to MBAs, Stanford University’s Graduate School of Business made finance once again the industry of choice this year. Nearly three of every ten MBA graduates at Stanford, or 29% of the Class of 2014, accepted job offers in finance, up from 26% last year. So much for all those reports suggesting that finance is out of favor.
The increase, largely due to more acceptances in private equity, investment banking and investment management, came at the expense of the technology industry and consulting. Last year 32% of Stanford’s graduating MBAs rushed into tech. This year, the percentage fell to just 24%. Consulting fell to 16%, down three full percentage points from the 19% who chose to become consultants last year. For the consulting industry, it’s one of the lowest draws out of the Stanford pool ever. Only five years ago, in 2009, 32% of the class headed into the field.