Bloomberg News reports that according to a survey from Training the Street, a firm that offers technical training to Wall Street firms and business schools, startups and private equity firms saw a growing percentage of MBA students naming them as top destinations at which they wanted to work after graduation.
At the same time, hedge fund, corporate development, and consulting firms all saw their appeal fall from the previous year. Apparently, the students weren't deterred by the rise of robo-advisors either, as private wealth management saw gains from last year.
This could also be due to less recruiting by hedge funds. When asked what type of firms had been trying to recruit them, the number of respondents listing "hedge funds" dropped 3% from the previous year, while for private equity and startups, the numbers rose 4% and 6%, respectively.
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