As the financial crisis deepens, science and math graduates of top colleges and universities who once flocked to investment banking are now looking to jobs in engineering and technology.
Sexy science? Indeed.
The article, which appears in BusinessWeek, details how the fall of the banking industry and the massive layoffs that followed has a lot of grads looking toward the shaky-but-hanging-in-there tech economy and the startups within it.
It stands to reason that when even the best Wall Street firms, such as Goldman Sachs (GS), are laying off staff, students aren't getting job offers and are having to rethink their options. Indeed, even sectors once considered fallbacks, such as regional banks, boutique investment banking, or insurance, are busily handing out pink slips. Investment banking isn't the holy grail of professions anymore. Duke's engineers are increasingly looking at such companies as IBM (IBM), Microsoft (MSFT), Medtronic (MDT), and The Parsons Corp.