I read an interesting article here that reflected what I’ve noticed, both at school and in my first few weeks of Washington (and, let it be known: I go to Penn, where the Wharton School is, and everybody and their roommate thinks about a Wall Street career).
Basically, the gist of the article is that Washington is now cooler than Wall Street. Students would rather work in D.C., or go to public-policy graduate school, than barrel down the Wall Street track and earn an MBA. Based on my (admittedly moderate-to-liberal, politically attuned, socially conscious, super-passionate-about-something) circle of friends and acquaintances, this is true. The center of the universe had shifted down the Eastern seaboard, as phrases like “social entrepreneurship,” “fair trade,” “microfinance,” and “global education” entered the lexicon.
Part of it, of course, is the Obama Effect. Part of it is that it’s really, really unappealing to work in an industry as decimated as the finance sector, and part of it is that public-service work is relatively stable, even in a period with such a high unemployment rate (if you think 9.4% overall is bad, check out the situation for recent college grads). But there’s more — there’s the desire to help and to give back, to pay it forward, to make a positive impact on the community.
This is why it’s such a crucial time to create the Public Service Academy. The article posits that this will lead to a sea change as more and more students decide to enter public service. What better way to help students out than to create the Academy?




