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With Jobs Scant, MBAs Consider Startups

Landing a banking or consulting job used to be the main reason for going to B-school. These days, it's just as likely to be launching a business

Aspiring MBAs have always had an interest in starting their own businesses, say experts. But student loan debt and attractive career prospects at traditional firms have usually swayed them from pursuing startup dreams during and right out of school. Now, they're breaking with tradition and feeling less risk-averse because there isn't as much to lose. "Before students looked at entrepreneurship as job options three, four, and five," says Rob Adams, director of the Moot Corp business plan competition and lecturer at the University of Texas-Austin McCombs School of Business (McCombs Full-Time MBA Profile)."Now, it's job option one, two, and three."

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