Harvard MBAs can be bad for your wealth

Too much intelligence is bad for your financial health.

Too much intelligence is bad for your financial health.

That is the message Ray Soifer gleans from his study of where Harvard MBA graduates seek their fortunes.

Soifer, who runs bank consultancy Soifer Consulting and who himself took a Harvard MBA back in 1967, says he has conducted his study – the Harvard MBA Indicator – for many years and has found it a “generally accurate long-term indicator of the US equity markets”.

It’s based on how many graduates follow market-sensitive careers, which Harvard Business School describes as those such as investment banking, investment management, sales and trading, venture capital, private equity or leveraged buyouts.

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