"Total compensation, including salary, bonus and carried-interest distributions, rose 24% to $340,000 for the median U.S. private-equity professional. ... Such incentives were enough to make private equity the No. 1. destination for graduates of the nation's top business schools last year. At Harvard Business School, 13% of graduates opted for a job in private equity, ahead of investment banking. The same held true at Stanford ... with 12% of the ... class heading for private-equity firms", WSJ, 3 October.
Private equity is finished. "Business school graduates of the class of 1973 are opening up their first pay envelopes about now, and thanks to a bull market for [MBAs], the checks are plumper than ever. Graduates of such elite schools as Harvard, Stanford, or Pennsylvania's Wharton start out an at avearge of close to $17,000 per year. To the graduates, glamour fields include management consulting, land development, banking and finance. ... Sea Pines Company, a recreational land developer in Hilton Head, S.C., hired at least eight from Harvard", Time, 6 August 1973. That made Sea Pines the number one destination for Harvard's 1973 MBAs. What are they doing now?
Private equity is finished. "Business school graduates of the class of 1973 are opening up their first pay envelopes about now, and thanks to a bull market for [MBAs], the checks are plumper than ever. Graduates of such elite schools as Harvard, Stanford, or Pennsylvania's Wharton start out an at avearge of close to $17,000 per year. To the graduates, glamour fields include management consulting, land development, banking and finance. ... Sea Pines Company, a recreational land developer in Hilton Head, S.C., hired at least eight from Harvard", Time, 6 August 1973. That made Sea Pines the number one destination for Harvard's 1973 MBAs. What are they doing now?
No comments:
Post a Comment