Topic: (Mis)Matching Superstar Engineers to Finance Jobs
Speaker: Nandini Gupta, Associate Professor, Kelley School of Business, Indiana University
Date: December 6th (Wednesday)
Location: Building 4, Room 101
We study the early career choices and subsequent long-run career outcomes of elite engineers, who have the potential to be transformative entrepreneurs, and whose skills are in demand across sectors. One such sector is finance, which has experienced rapid wage growth in recent years, attracting talent from other industries. Using plausibly exogenous variation in local financial sector growth, we compare engineering classmates from the same school, major, and graduation year, who work in different metropolitan areas, and show that elite engineers from the most selective schools, and those who receive graduation honors, are more likely to switch to finance in high finance growth areas. Granular occupation descriptions show that elite engineers are more likely to work in financial sector occupations that do not require engineering skills. Exploiting our empirical design, we find that on average elite engineers who switch to finance in high-finance growth areas are less likely to become innovative entrepreneurs.
About the speaker: