News

Crowd finance and the graduate job market

June 19, 2017 • By TAB team

IThe rise of fin-tech and crowd finance is having an impact on the graduate job market.

The success stories of innovative companies such as Zopa, Seedrs and Nutmeg are changing the aspirations of MBAs and encouraging them to consider alternative career paths.

The rise of fin-tech and crowd finance is having an impact on the graduate job market.

The success stories of innovative companies such as Zopa, Seedrs and Nutmeg are changing the aspirations of MBAs and encouraging them to consider alternative career paths.

The crowd finance sector is already home to some high-profile MBAs. Giles Andrews, founder of P2P lender Zopa, obtained his MBA from Insead, while Jeff Lynn and Carlos Silva of Seedrs developed their plan for the equity crowdfunding platform whilst attending the MBA programme at Oxford’s Saïd Business School.

Students from top business schools still seek highly prized jobs at bulge bracket investment banks and strategy consulting firms - they always will due to prestige and financial imperatives - but a new breed of graduates are founding their own crowd finance startups and applying to work for established names in alternative finance.

Indeed, 8 of Nutmeg’s 78 staff are MBA graduates, according to a recent FT article. And one fifth of hires from the international MBA class at IE Business School in Madrid were made by financials in 2016. Fin-tech companies were responsible for 5% of those hires, up from 0% last year.

The fin-tech industry’s ability to attract talent is key to its future and yet another indicator of the disruption faced by traditional finance services, who need to adapt in order to attract and retain talent in a competitive market.