What are the hot jobs for MBAs?

According to this article from the New York Sun, the Private Equity industry and Hedge Funds are the two sectors that are attracting the most applicants. "Almost 75% of HBS students want to do private equity or venture capital. Only about 10% get to do it" according to a member of HBS student senate. The trend is the same at Wharton and Columbia with a lot of people trying to get in but little succeeding. I don't know the numbers at London Business School but my guess is that it's around the same lines since the Private Equity Club is quite successful in terms of membership.

For the Investment Banking guys, the place to be is increasingly becoming London, according to this article from Newsweek. The City is overtaking Wall Street in terms of IPOs and European M&A is now larger than US M&a. However, American banks are of course dominating the place.