HBS job offers fall to five year lows — recruitment market frozen

[Anonymous]

Harvard Business School reported that of the 73 per cent of its most recent graduating MBA class this year seeking employment, 86 per cent had received an offer. That compares with 95 per cent in 2022 and a recent peak of 96 per cent in 2021.

In contrast to previous years, the school’s website did not show the job offer rates for 2023 until a few days ago, when it posted the information after a query from the Financial Times.

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slowdown in hiring in a number of sectors that have traditionally recruited large numbers of MBAs, including consultancies, audit firms and tech companies. Many this year have made deferred offers, with employment scheduled to start in several months at a time of economic uncertainty.

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Demand among prospective students for the MBA degree in the US and Europe has been stagnating, although that has been partly offset by increased interest from students from emerging economies such as India and China as well as a switch towards more specialist business degrees such as in analytics.

[Anonymous]

cry me a river

[Anonymous]

Should’ve done accounting and data analytics.

[Anonymous]

They don't learn anything

[Anonymous]

MBAs generally are throw-away degrees and I have one from a top-30 program. Literally no boss cared that I had it. It's become so diluted due to so many garbage online degree programs that take kids right after graduation - the idea was for people to get some business experience, then get the MBA.

I'd never advise anyone to get one unless it was from a top-10 program and even then I'd say go start a small business with the money you'd spend on tuition/room and board.

[Anonymous]

Anonymous wrote:Should’ve done accounting and data analytics.

Data analytics is not that great even now. In five years it'll be done by AI. You can always pay your rent with accounting and finance.

[Anonymous]

Anonymous wrote:MBAs generally are throw-away degrees and I have one from a top-30 program. Literally no boss cared that I had it. It's become so diluted due to so many garbage online degree programs that take kids right after graduation - the idea was for people to get some business experience, then get the MBA.

I'd never advise anyone to get one unless it was from a top-10 program and even then I'd say go start a small business with the money you'd spend on tuition/room and board.

Unless you have a strong reason to get an MBA, any MBA outside of the Top 10 MBA programs is unlikely to help to justify the expense of time,money, and lost income (if full-time MBA student).

[Anonymous]

Anonymous wrote:

Anonymous wrote:MBAs generally are throw-away degrees and I have one from a top-30 program. Literally no boss cared that I had it. It's become so diluted due to so many garbage online degree programs that take kids right after graduation - the idea was for people to get some business experience, then get the MBA.

I'd never advise anyone to get one unless it was from a top-10 program and even then I'd say go start a small business with the money you'd spend on tuition/room and board.

Unless you have a strong reason to get an MBA, any MBA outside of the Top 10 MBA programs is unlikely to help to justify the expense of time,money, and lost income (if full-time MBA student).

PP here, totally agree.

[Anonymous]

Learn to code

[Anonymous]

Anonymous wrote:

Anonymous wrote:MBAs generally are throw-away degrees and I have one from a top-30 program. Literally no boss cared that I had it. It's become so diluted due to so many garbage online degree programs that take kids right after graduation - the idea was for people to get some business experience, then get the MBA.

I'd never advise anyone to get one unless it was from a top-10 program and even then I'd say go start a small business with the money you'd spend on tuition/room and board.

Unless you have a strong reason to get an MBA, any MBA outside of the Top 10 MBA programs is unlikely to help to justify the expense of time,money, and lost income (if full-time MBA student).

I can tell you so many people I know with these garbage degrees. Tons. Doctors, Sales People, very very young people. All total garbage degrees. I'm not hiring a 24 year old with a MBA to manage sh&t.

[Anonymous]

Anonymous wrote:MBAs generally are throw-away degrees and I have one from a top-30 program. Literally no boss cared that I had it. It's become so diluted due to so many garbage online degree programs that take kids right after graduation - the idea was for people to get some business experience, then get the MBA.

I'd never advise anyone to get one unless it was from a top-10 program and even then I'd say go start a small business with the money you'd spend on tuition/room and board.

Honestly, top 30 is not big of a deal and anyone slightly serious could get in. Harvard itself takes more than 800 students every year in their MBA class and there are a lot of legacy and other loffers that get in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:MBAs generally are throw-away degrees and I have one from a top-30 program. Literally no boss cared that I had it. It's become so diluted due to so many garbage online degree programs that take kids right after graduation - the idea was for people to get some business experience, then get the MBA.

I'd never advise anyone to get one unless it was from a top-10 program and even then I'd say go start a small business with the money you'd spend on tuition/room and board.

Honestly, top 30 is not big of a deal and anyone slightly serious could get in. Harvard itself takes more than 800 students every year in their MBA class and there are a lot of legacy and other loffers that get in.

Dude - point being when I went, i.e. 20+ years ago, very serious people went to the same top-30 program, previous workers from Microsoft, Apple, McKinsey, Accenture, the Martin Agency, Philip Morris. People from class went on to be C-level execs, so your assessment is wrong.

[Anonymous]

Even MBAs from top 10 programs seem like throw away degrees to me. We do not value MBAs when we hire.

[Anonymous]

Anonymous wrote:Even MBAs from top 10 programs seem like throw away degrees to me. We do not value MBAs when we hire.

Certain industries and positions still value them (primarily consulting/CFO/marketing roles), but I'd advise my kids to get a law degree or some other specialization degree way before an MBA.

[Anonymous]

Cause they all now need Visas