Many business student grads are choosing to take the entrepreneurial route out west after graduation, instead of vying for tradition jobs in the financial sector. This, according to a an NYTimes DealBook blog which attributed the shift to a lack of faith in Wall St. This trend speaks to the cloud computing boom that seems to be emerging at full speed in Silicon Valley right now.
At UPenn’s Wharton Business School the student’s who chose entrepreneurial ventures over traditional jobs this year climbed by 50%. Students have started all kinds of new startups, from retail sites like Fashionstake.com to productivity Apps like Done, started by Kevin Nazemi. Graduates from Wharton in 2010 have already started between 30 and 40 new companies since last spring. And these start-ups have been getting a lot of attention from investors as well. One, Baby.com.br, a site designed to improve the quality of baby care goods available in Brazil, has already netted over $5 million in investments.
The fact that this trend has taken off so quickly at such a prominent business school makes it really worth keeping an eye on. If some of the smartest MBA grads in the country are going this direction, than it’s likely a pretty good idea. These grads probably have their hand on the pulse of the market more than anyone else right now and it wouldn’t be a bad idea to try to follow in their footsteps in the upcoming months.
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