With Chris Dodd's Exit, Washington May Offer Financial Jobs for MBAs
January 07, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Students involved in a finance MBA program may want to set their sights on Washington, DC, rather than New York City as some economic insiders believe the country's capital may serve as a financial hotspot after Senator Chris Dodd's departure.
Dodd, who serves as the Chairman for the Senate Banking Committee, has been most noted for his association with financial regulatory reform, according to Politico.com.
With his recent announcement that he will not be running for reelection, economic insiders suggest that regulatory reform will continue to move and many hedge funds in the area may soon start to hire on chief compliance officers to keep them in check, according to FINS.
"The process on regulatory reform will continue," Scott Talbott, senior vice president for government affairs at the Financial Services Roundtable, a nonprofit group that represents the interests of financial firms, told the news source. "The announcement today removes political forces surrounding re-election from the process. That should make it easier to craft a regulatory reform bill."
If a financial career interests you, a finance MBA may give you the knowledge you need to make ethical economic decisions, which are a key quality to have in times of financial reform.
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