Does becoming an entrepreneur make MBAs happy? Some early results from a study I am working on with Matthew Bidwell (also at Wharton), seems to suggest that it does.
To get the data, we surveyed 30,000 Wharton MBAs about their career histories, and around 28% of grads since 1990 filled out the survey. We then performed a variety of statistical checks to confirm that the data was representative, which it was. We have been using the data in a lot of ways, but, since I study entrepreneurship, I was particularly interested in how the careers of Wharton students affected their chances of becoming entrepreneurs, and their success at entrepreneurship.
One piece of news is that entrepreneurship is very common among Wharton MBAs, with over 20% having a stint as an entrepreneur at some point in their career. Also surprising were the types of companies that Wharton MBAs found. The top 10 most common industries are less finance-heavy than you might expect from Wharton: