In the past, graduates of MBA programs, especially in the US, are almost always assured of a job after graduation. The sad reality now, however, is that this is no longer true.
A BusinessWeek magazine article seems to show that it is a bad time to graduate now since job recruitment has slowed down for most US MBA graduates.
It doesn’t matter if you got the degree from Harvard or Wharton. As you can see in the list below, even renowned MBA schools in the US were not spared from the brunt of the economic recession.
The list compiles the results of a survey conducted among recent MBA graduates showing there is rising unemployment among MBA graduates.
Unemployment Rate among US MBA Graduates
% of students without job offers three months after graduation
1. YALE UNIVERSITY, SCHOOL OF MANAGEMENT
- in 2009: 8%
- in 2007: 6%
2. WASHINGTON UNIVERSITY, OLIN BUSINESS SCHOOL
- in 2009: 8%
- in 2007: 4%
3. HARVARD BUSINESS SCHOOL
- in 2009: 8.8%
- in 2007: 3%
4. STANFORD UNIVERSITY, GRADUATE SCHOOL OF BUSINESS
- in 2009: 10%
- in 2007: 3%
5. MIT, SLOAN SCHOOL OF MANAGEMENT
- in 2009: 12.8%
- in 2007: 2%
6. UNIVERSITY OF MARYLAND, SMITH SCHOOL OF BUSINESS
- in 2009: 13%
- in 2007: 2%
7. UNIVERSITY OF CHICAGO, BOOTH SCHOOL OF BUSINESS
- in 2009: 13.5%
- in 2007: 2.4%
8 (tie). NORTHWESTERN UNIVERSITY, KELLOGG SCHOOL OF MANAGEMENT
- in 2009: 14%
- in 2007: 5%
8 (tie). COLUMBIA BUSINESS SCHOOL
- in 2009: 14%
- in 2007: 5%
10. UNIVERSITY OF CALIFORNIA AT BERKELEY, HAAS SCHOOL OF BUSINESS
- in 2009: 14%
- in 2007: 4%
11. CARNEGIE MELLON UNIVERSITY, TEPPER SCHOOL OF BUSINESS
- in 2009: 14%
- in 2007: 3%
12. DARTMOUTH COLLEGE, TUCK SCHOOL OF BUSINESS
- in 2009: 14%
- in 2007: 2%
13. GEORGIA INSTITUTE OF TECHNOLOGY, COLLEGE OF MANAGEMENT
- in 2009: 15%
- in 2007: 2%
14. BRIGHAM YOUNG UNIVERSITY, MARRIOTT SCHOOL OF MANAGEMENT
- in 2009: 17%
- in 2007: 2%
15. EMORY UNIVERSITY, GOIZUETA BUSINESS SCHOOL
- in 2009: 18%
- in 2007: 6%
16. UNIVERSITY OF VIRGINIA, DARDEN SCHOOL OF BUSINESS
- in 2009: 18%
- in 2007: 3%
17. NEW YORK UNIVERSITY, STERN SCHOOL OF BUSINESS
- in 2009: 18%
- in 2008: 8%
18. VANDERBILT UNIVERSITY, OWEN GRADUATE SCHOOL OF MANAGEMENT
- in 2009: 19%
- in 2007: 13%
19. UNIVERSITY OF SOUTHERN CALIFORNIA, MARSHALL SCHOOL OF BUSINESS
- in 2009: 19%
- in 2007: 4%
20. UNIVERSITY OF NOTRE DAME, MENDOZA COLLEGE OF BUSINESS
- in 2009: 19%
- in 2007: 1%
21. UNIVERSITY OF WASHINGTON, FOSTER SCHOOL OF BUSINESS
- in 2009: 19%
- in 2007: 7%
22. UCLA, ANDERSON SCHOOL OF MANAGEMENT
- in 2009: 20%
- in 2007: 4%
23. UNIVERSITY OF PENNSYLVANIA, THE WHARTON SCHOOL
- in 2009: 21%
- in 2007: 3.9%
24. UNIVERSITY OF TEXAS AT AUSTIN, McCOMBS SCHOOL OF BUSINESS
- in 2009: 21%
- in 2007: 2%
25. DUKE UNIVERSITY, FUQUA SCHOOL OF BUSINESS
- in 2009: 22%
- in 2007: 9%
26. UNIVERSITY OF MICHIGAN, ROSS SCHOOL OF BUSINESS
- in 2009: 22%
- in 2007: 4%
27. CORNELL UNIVERSITY, JOHNSON SCHOOL OF MANAGEMENT
- in 2009: 24.2%
- in 2007: 3.9%
28. SOUTHERN METHODIST UNIVERSITY, COX SCHOOL OF BUSINESS
- in 2009: 27%
- in 2007: 10%
29. INDIANA UNIVERSITY, KELLEY SCHOOL OF BUSINESS
- in 2009: 28%
- in 2007: 3%
30. UNC AT CHAPEL HILL, KENAN-FLAGLER BUSINESS SCHOOL
- in 2009: 29%
- in 2007: 7%
Tough times, indeed.
Source: BusinessWeek
