Sallie Krawcheck, once the 'most powerful woman on Wall Street,' shares how an MBA helped her escape the finance world's toxic culture of the '80s
." She's been CFO at Citi and CEO of Merrill Lynch Wealth Management and US Trust, among other top positions — but she started her career as an investment banker at Salomon Brothers when she was in her 20s." Krawcheck told host Hillary Kerr that she "truly hated" working in finance in the late '80s and early '90s.
She tried applying for other jobs while she was still working at Salomon, and didn't even get interviews. Deciding to go to business school There were parts of her investment banking job that she did like, such as building earnings models. She enjoyed the problem solving and analytics aspects of the job .
"It wasn't real life; this wasn't going to be my career, where I was going to spend decades," Krawcheck said. "I just had to get through it." "The reason I went to business school is because I didn't like the job I was doing at the time and I didn't know what I wanted to do," she said. "I think that can be a great reason to go to school."
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