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3mo ago

Harvard MBA Job Placement Rates Plummet to 23%

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

Overview

  • 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.