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Where Do All the Majors Go?
Today let’s debunk another myth: that the College is just a feeder school for Wall Street’s gaping maw that sucks in non-productive moneychangers. (Note: I am not talking about the Trustees here, but the overall student body.) Even though the number of Econ majors continues to grow, the figures show that Dartmouth students have more imagination in seeking employment than just doing finance and consulting.
Not too narrow a range, right? — even if you do consider places like Goldman’s and Bridgewater to be evil (I don’t). As you can see from these 2013 numbers, a scant 14% of our alums currently work in finance — a lesser percentage than Dartmouth graduates who become educators (15%) and doctors and scientists (15%). Even if you add in people in consulting, the percentage of business professionals only goes up to 20% (we can group these two categories together given the huge amount of work that consultants do for investment banks, hedge funds and private equity firms).
Of equal interest, the number of alumni in finance and consulting has changed only slightly since 2011:
To be precise, in 2013, 20.02% of alumni were working in finance and consulting, and in 2011, 19.59% worked in those fields. Given the resurgence of these industries, which were hit hard by the 2008 quasi-meltdown, we can safely say that the great majority of Dartmouth students will work in other areas during their careers.
The most recent figures from Career Services show an increase in the number of graduates heading for finance and consulting, but not one that is out of line with past trends, especially given that many grads spend a few years in banking or consulting before heading off to more varied pursuits. Even your humble servant spent a few years at Bain before leaving to work for a wonderful boss. Here are the figures for the professional activities of recently minted alumni six months after Commencement:
Addendum: Even at Tuck, only 32.6% of alumni are in finance/financial services, and just 14.8% are in consulting. That’s 47.4% of the Dartmouth people who are most likely to go into these supposedly alluring fields.
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
August 23, 2009
Fare Thee Well, Tom Crady
And now Dean Tom Crady has precipitously announced his departure from the College after only 20 months on the job. How to read this? By way of background, prior to coming to Dartmouth, Crady had…
May 31, 2009
Kangaroo Court, Indeed
In an interview with The Dartmouth, alumni-elected trustee T.J. Rodgers ‘70 explained his reasons for declining to participate in future evaluations of trustees up for “re-election,” namely the “kangaroo court” nature of such discussion in…