How AI Is Killing The Harvard MBA
A recent study revealed that applications to MBA programs increased 12 percent so far this year with finance concentrations continuing to be the most popular. To those MBA seekers - particularly for those from Harvard and other fine institutions seeking their fortunes on Wall Street - I say this: buyer beware. Your MBA might not help you get that lucrative job. Why? Because AI is already killing your prospects.
Wall Street has its allure. From Gordon Gekko and Jordan Belfort to Logan Roy and Bobby Axelrod, Hollywood and the media have glamorized the wealthy who have conquered the investment banking world. The potential for riches has attracted the very best and brightest MBA students from Harvard, Stanford and other elite universities. Starting salaries at these top firms are at $150,000. But the costs are also high. Up until now, if you're willing to give up your life, blood and soul to your firm, you would have a chance - a chance - of sharing in the riches.
But things have changed. AI is seeping in. It’s being used right now by those very same firms to kill off the vast majority of people they employ, which include many of those hopeful Harvard MBAs. >
