Recent trends indicate that the financial sector is sucking talent and entrepreneurial energy from more socially beneficial sectors of the economy.  Harvard graduates, for example, enter financial occupations at a far higher rate now than they did in the 1970s.  The trend has accelerated markedly in the past decade, as the computerization of finance has made the profession both more lucrative and more intellectually challenging.  The proportion of graduates from MIT, for example, who went to Wall Street rose from 18% in 2003 to 25% in 2006.
Read more: http://www.time.com/time/magazine/article/0,9171,2061220,00.html#ixzz1IW6Rz4wC

and here: 

http://www.google.com/imgres?imgurl=http://www.campusprogress.org/campus_files/uploads/images/elitecolleges_thumb.jpg&imgrefurl=http://www.campusprogress.org/articles/wall_street_brain_drain/&usg=__ESZim_XUAAnUpGceXPYr2eGSfsU=&h=92&w=140&sz=12&hl=en&start=2&sig2=mR4q_QozrVL5DcrQhLhZoQ&zoom=1&itbs=1&tbnid=Sd1StRetW4BWRM:&tbnh=61&tbnw=93&prev=/images%3Fq%3Dbrain%2Bwall%2Bstreet%26hl%3Den%26gbv%3D2%26tbs%3Disch:1&ei=XCiZTZqvC4W_0QGlk8GADA

and here:  http://blogs.wsj.com/deals/2008/01/17/the-wall-street-brain-drain/

Thanks to Mr. C for bringing this to the attention of the It’s Interesting community.