MBA careers: Less banking and consulting, more fintech

More and more fintech companies are employing MBA graduates, luring employees away from the banking and consulting sector, the Financial Times (FT) reports. According to the newspaper candidates are inclined to turn away from the more traditional sectors as they enjoy the riskier world of fintech, with one candidate citing the “freedom and scrappiness” of start-ups as well as the “fast-moving innovation with dramatic and rapid results”.

Many fintech founders have attended business school themselves and are now drawn to employ other MBA graduates. FT uses Insead’s MBA alumni as examples like Giles Andrews, British founder of peer-to-peer lending platform Zopa, and Taavet Hinrikus, the Estonian-born chief executive of online foreign exchange marketplace TransferWise. Another successful team stems from Oxford’s Saïd Business School: Jeff Lynn and Carlos Silva developed the business plan for equity crowdfunding business Seedrs.

Madrid’s IE Business School also reported an increased interest in its alumnis from fintech companies and a 2015 Goldman Sachs report estimated $4.7tn of financial services revenue was at risk of displacement from fintech groups.

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Barbara Barkhausen

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