Five former investment bankers explain how their experience at big banks helped them become better entrepreneurs.
It used to be that if you were young and ambitious, you headed to Wall Street. These days, those folks are running in the opposite direction.
In the wake of the financial crisis, loads of young financiers are leaving Wall Street–to strike out as entrepreneurs. Some are seeking more meaningful work; others want to take a risk while young and unencumbered. They are certainly well prepared. Like start-ups, banks are demanding and fiercely competitive. And like entrepreneurs, bankers must be skilled at market research, financial analysis, and working in teams.