TAILIEUCHUNG - IE Brown Executive MBA- Liberal Arts meets the Developing innovative leaders for a changing world

I show that, just as investment bankers are key drivers of financial markets, shocks in financial markets have important and lasting effects on the careers of investment bankers. Specifically, using data from a 1996 and 1998 survey of several thousand Stanford MBAs, I find that stock market conditions while MBA students are in school have a large effect on whether they go directly into investment banking upon graduation. This effect of themarkets on initialMBA placement turns out to be a lasting determinant of career choice and earnings | IE Brown Executive MBA Developing innovative leaders for a changing world BROWN 7 business school IE Business School Brown University 01 02 IE Brown Executive MBA The IE Brown Partnership IE and Brown two world-class institutions one unique experience in management education. In 2009 IE Business School and Brown University formed a broad-based partnership bringing together one of the world s leading business schools and a globally distinguished research university. This unique partnership rests on strong shared values and a common vision. Brown and IE share a commitment to academic excellence student-centered learning innovation in teaching and research driven by entrepreneurial thinking and interdisciplinary exchange. The two schools are bound by a common vision of higher education institutions as the critical knowledge hubs of the twenty-first century where students academics and practitioners come together to learn grow and to transform the world around them. Madrid-based IE Business School is consistently ranked as one of the best business schools in the world. Since its founding in 1973 as an independent post-graduate institution it has earned a reputation as a particularly innovative entrepreneurial school that has transformed management education with practice-oriented programs incorporation of the humanities into business training and the use of blended-learning methodologies combining online and face-to-face interactions. Brown University located in Providence Rhode Island is one of the most highly esteemed universities in the and a member of the Ivy League. Its superlative programs in undergraduate graduate and medical education are characterized by a distinctive academic philosophy a world-class faculty and a tradition of innovative and rigorous multidisciplinary study. Brown s mission is to serve the community the nation and the world by educating and preparing students in the words of its original charter to discharge the offices of life with .

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