03/18/2010 05:12 am ET Updated May 25, 2011

Harvard MBAs: When Fewer Take Jobs On Wall Street, It May Indicate A Rising Stock Market

Fewer Harvard M.B.A. graduates took jobs on Wall Street this year than in the past as a result of the sharp contraction in the financial services industry. But for Ray Soifer, a former banking analyst and Harvard Business School alumnus, the reduced number of graduates flocking to Wall Street isn't a bad thing. In fact, it may actually be a positive signal for the market.