The FT’s John Gapper looks into Ray Soifer’s annual analysis of the career paths of Harvard MBAs, which shows that a record-breaking proportion of this elite became bankers or financiers when they graduated this summer.

He expects the figures to be significantly lower next year which he sees as a positive:
“Of course, in the broad scheme of things, it is just as well for society that banks and other financial institutions do not soak up all of the best and brightest, as they have been doing over the past few years.

That, to put it mildly, is a misallocation of human capital.“

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