MBAs On Wall Street See A Climb
February 17, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Many MBAs on Wall Street have been on a roller coaster when it comes to trying to stabilize the economy. Since the market crash of 2008, many businesses have seen a drastic decrease in profits.
Wall Street recently closed on a high note, with many industries including manufacturing and finance seeing a profit, according to The New York Times.
When the British bank Barclays announced that their profits had nearly doubled in 2009, profits for other financial giants rose, such as JPMorgan, whose shares rose 2.9 percent. After President Obama announced there would be loan guarantees to build the first nuclear plant in nearly three decades, shares of the Southern Company gained 2.3 percent.
Some business insiders are taking note of the progression, believing it's a sign of economic recovery.
"Earnings have been strong and people are starting to believe the recovery we're seeing in the economy is real," Angel Mata, managing director of listed equity trading at Stifel Nicolaus Capital Markets in Baltimore, Maryland, told the news provider.
If you're interested in working for a big company on Wall Street, an MBA program may give you the qualifications you need to get noticed by potential employers.
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Related Article Topics: Business News
