Practically 23% of MBA graduates from Harvard College, one of the prestigious Ivy League institutes, are nonetheless looking for jobs even after three months of ending the course, in keeping with a Wall Road Journal (WSJ) report. Comparable issues have been highlighted in different high institutes, demonstrating the toughening job market.
The highest MBA applications within the US, together with the College of Pennsylvania’s Wharton Faculty, Stanford’s Graduate Faculty of Enterprise, and New York College’s Stern Faculty of Enterprise, had the worst job placement outcomes final yr.
The share of MBA graduates in 20024 nonetheless out there within the job market months after commencement is greater than doubled from 2022. For universities such because the College of Chicago’s Sales space Faculty and Northwestern College’s Kellogg Faculty, the share of MBA graduates has tripled.
Nevertheless, this has not stopped Indian college students from making use of to high universities within the US, notably in Magnificent 7 (M7), which consists of Harvard, Stanford, Wharton, Columbia, MIT, Kellogg, and Sales space, in keeping with a report by The Financial Instances (ET).
This pattern exhibits rising curiosity in enterprise colleges when the economic system is slowing down.
“Discovering a job within the USA is hard at the moment, with a pullback in consulting and expertise hiring. Nevertheless, we’re additionally seeing high enterprise colleges report a 15-40% surge in functions,” Rajdeep Chimni, chief mentor at Admissions Gateway, instructed ET.
“Fears of a slowdown/recession sometimes lead to increased functions as candidates have a three-year horizon to matriculation and should not deterred by the present market,” Chimni added.
Many college students go for such programs as a long-term funding as an alternative of simply financial features, as such colleges give entry to networks.
Nevertheless, many college students haven’t acquired jobs as they’re searching for different alternatives or higher jobs, the report mentioned.
In keeping with the WSJ report, almost 20% of scholars weren’t positioned in 2023, whereas it was 10% in 2022.