Harvard MBA Job Placement Rates Plummet to 23%

Elite business schools face declining employment outcomes as tech and consulting firms cut recruitment efforts.

Harvard Business School reports 23% of its 2024 MBA graduates were still jobless three months post-graduation, up from 20% in 2023 and 10% in 2022.
The trend extends to other top U.S. business schools, including Stanford, Wharton, and NYU Stern, which have seen similarly poor job placement rates.
Shrinking recruitment from major tech firms like Amazon, Google, and Microsoft, along with consulting companies, has significantly impacted MBA hiring.
Economic shifts, automation, and the rise of skills-based hiring are challenging the traditional value of generalist MBA degrees.
Some schools, such as Columbia Business School, have seen slight improvements, while others are adopting AI tools to help graduates bridge skills gaps and navigate the changing job market.