Stanford GSB Research: Timing of Job Market is Key for MBAs Seeking Banking Jobs

An interesting summary of a study put out by Stanford's Business School is linked here. Basically, the study found that MBAs that graduated in better job markets were more likely to end up in investment banking than if they had graduated in weaker job markets. And those that ended up in investment banking had higher expected future incomes than those who didn't. Moreover, making the switch to banking for those that graduated in weak conditions and did not directly go into the industry after graduating from the GSB was not very common. Hence, there is some semblance of a "luck of the draw" factor for MBAs and banking.