Silver as an investment

Average Harvard Graduate Will Make $60,000 In Their First Job, And Other Crimson Trivia

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / By Tyler Durden / May 28, 2013, 19:36 -0400

While the annual Harvard senior survey of graduating students always provides an informative glimpse into the past, present and future of graduates from the US’ most prestigious (whether or not this is deserved is a different question) institution, the topics most interesting for us and our readers revolve, not surprisingly, around money.

Here are the key observations of what students in all “non-Harvard” universities across the nation may be missing (or not).

First, work plans:

  • 61 percent of graduates will be employed next year. 18 percent will enter graduate school right away. The rest will pursue fellowships or travel or are among the 10 percent who have not yet determined their post-graduation plans.
  • Of those who will be working, the most popular industry is consulting, drawing 16 percent of employed seniors.
  • Another 15 percent will be working in finance, nearly doubling the 9 percent who entered the sector last year but still paling in comparison to 2007, when before the financial crisis, 47 percent of graduating seniors went into finance. However, of the respondents only 5% said they will still be working in finance ten years down the line. Hilsenrath’s take on what this means for Bernanke’s”taper” is unavailable as of this posting.
  • 9 percent envision a career in government or politics, though only 4 percent will pursue one right away. Of course, Harvard grads will feel right at home at a place like Goldman where the fields of financen and government are finely fused into one inextricable union.

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Thanks to BrotherJohnF