Word: soifer
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Whereas Wharton and Sloan students might head to securities industry jobs that require advanced mathematical backgrounds regardless of economic conditions, Harvard grads—who Soifer said are trained to be “generalists”—might spurn Wall Street offers during a bear market for business jobs not directly linked to the stock exchanges...
...Soifer warned investors not to use his data in making stock decisions. “The problems are two-fold,” he said...
Second, because the data is self-reported, it only “reflects those who got jobs and who were willing to talk about it,” Soifer said...
...three years ago in the bad market environment, I gather through the grapevine that 20 percent of Harvard MBAs were not getting jobs,” Soifer said, so the career data for those years may be inaccurate...
...broader lessons for graduating students. “MBAs and Harvard College grads as well should bear in mind that the job markets they’re going into are literally just as cyclical as the markets that affect the companies that are hiring them,” Soifer said...