Full Citation
Title: Superstar (and Entrepreneurial) Engineers in Finance Jobs
Citation Type: Working Paper
Publication Year: 2018
ISBN:
ISSN: 1556-5068
DOI: 10.2139/ssrn.3136751
NSFID:
PMCID:
PMID:
Abstract: Using a dataset on career paths of elite U.S. engineers, including superstar entrepreneurs, we examine the e↵ect of early career choices on long-run entrepreneurial outcomes. Exploiting exogenous variation in entry labor market conditions, driven by local financial sector growth, and comparing classmates in the same school-major-year, we find that talented engineers are more likely to switch from engineering jobs to finance in high finance growth areas. Compared to classmates who remain in engineering, these individuals create fewer startups that are large employers, receive VC funding, are acquired, and issue patents. A quasi-experimental design using state-wise banking deregulation produces similar results.
Url: https://ssrn.com/abstract=3136751
Url: https://www.ssrn.com/abstract=3136751
User Submitted?: No
Authors: Gupta, Nandini; Hacamo, Isaac
Series Title: Kelley School of Business Research Paper No. 18-18
Publication Number: 18
Institution: Kelley School of Business
Pages: 54
Publisher Location:
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure
Countries: United States