Wall Street is changing. See the firms young people want to work for today.

Getty Images; Alyssa Powell/BI

Twenty years ago, getting jobs in private equity was an ultra-niche choice for MBA grads at the prestigious Wharton School.

According to the school's career report for 2004, just over 4% of MBA students in that year's graduating class were headed for jobs in private equity and venture capital. By contrast, more than 23% had landed investment banking and brokerage jobs.

Today, it's a different story: Just over 15% of the 2024 class went to work at investment banks...