Why Banks Are Losing the Battle for M.B.A. Talent

More business-school graduates are opting for jobs in tech and consulting

More M.B.A. graduates are choosing jobs in tech and consulting even as banks jack up starting salaries, a Wall Street Journal analysis shows.

Financial services last year slipped below consulting as the top destination for grads from the U.S.’s top 10 masters in business administration programs as ranked by U.S. News & World Report. Tech firms are fast catching up on banks in terms of popularity.

The...