Nearly 23% of MBA graduates from Harvard University, one of the most prestigious Ivy League institutions, are still looking for a job three months after finishing the course, reports the Wall Street Journal (WSJ). Similar problems have been highlighted at other top institutions, reflecting the tough conditions of the job market.
top MBA program Universities in the US, including the University of Pennsylvania’s Wharton School, Stanford’s Graduate School of Business and New York University’s Stern School of Business, had the worst job placement results last year.
The share of MBA graduates in 20024 who were still available in the job market months after graduation has more than doubled from 2022. For universities like the University of Chicago’s Booth School and Northwestern University’s Kellogg School, the share of MBA graduates has tripled.
However, this has not stopped Indian students from applying to top universities in the US, especially the Magnificent 7 (M7), which includes HarvardAccording to a report by Stanford, Wharton, Columbia, MIT, Kellogg and Booth, The Economic Times (ET).
This trend reflects growing interest in business schools at a time when the economy is slowing.
“Looking for a job.” usa This is currently difficult due to lack of consulting and technology placement. However, we are also seeing that top business schools are registering a 15-40% increase in applications,” said Rajdeep Chimni, Chief Mentor, Admission Gateway at,
“The fear of a recession/recession usually results in more applications because candidates have three years to matriculate and are not distracted by the current market,” Chimni said.
Many students choose such courses as a long-term investment rather than just looking at monetary gains, as such schools provide access to the network.
However, many students have not found jobs as they are looking for other opportunities or better jobs, the report said.
According to the WSJ report, about 20% of students did not get a job in 2023, compared to 10% in 2022.
