“Worst hiring environment for HBS students since 2009”

[Anonymous]

https://www.bloomberg.com/news/articles/2023-06-01/harvard-mba-grads-anxiously-navigate-a-tepid-job-market?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTY4NTcxMDIxNCwiZXhwIjoxNjg2MzE1MDE0LCJhcnRpY2xlSWQiOiJSVkszNjhUMEcxS1cwMSIsImJjb25uZWN0SWQiOiJCOThERTQ5MjNGMkI0QUY0QUFENTdDMzYyRjRGMjYwMiJ9.crDFnb2SEP3EwxzYbxhqEFL-x62PyOPDJIw-8Mbj3U8" target="_new" rel="nofollow"> https://www.bloomberg.com/news/articles/2023-06-01/harvard-mba-grads-anxiously-navigate-a-tepid-job-market?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTY4NTcxMDIxNCwiZXhwIjoxNjg2MzE1MDE0LCJhcnRpY2xlSWQiOiJSVkszNjhUMEcxS1cwMSIsImJjb25uZWN0SWQiOiJCOThERTQ5MjNGMkI0QUY0QUFENTdDMzYyRjRGMjYwMiJ9.crDFnb2SEP3EwxzYbxhqEFL-x62PyOPDJIw-8Mbj3U8

Bloomberg

“As much as half of grads class of 2023 without jobs”

“Worst hiring environment since 2009”

If it’s like this for hbs, the entire mba market is f’ed

[Anonymous]

I know someone in the current HBS 23 graduating class. He still doesn’t have a job. Did a PE internship last summer with a prominent firm in NYC, but they didn’t extend offers to interns.

The current environment is especially brutal for foreign HBS students. They have a year to work, but then need to get visa sponsorship.

[Anonymous]

r/MBA is reporting similar brutal results

[Anonymous]

Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

[Anonymous]

Anonymous wrote:I know someone in the current HBS 23 graduating class. He still doesn’t have a job. Did a PE internship last summer with a prominent firm in NYC, but they didn’t extend offers to interns.

The current environment is especially brutal for foreign HBS students. They have a year to work, but then need to get visa sponsorship.

Yeah as m7 becomes more international, the value proposition drops

[Anonymous]

I hope they didn't take out loans to fund the expensive colleges.

[Anonymous]

Anonymous wrote:Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

The student loans these folks are taking out are brutal. It would keep me up at night not knowing I don’t have a job lined up. They are supposed to be celebrating at graduation and half the class is an anxious mess, especially the foreign students.

TBF, this happened to those graduating in 2008-2009 and during the Dot Com bust. But tuition is so much higher these days for an elite Ivy MBA.

[Anonymous]

Anonymous wrote:Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

Not with $200k in student loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

The student loans these folks are taking out are brutal. It would keep me up at night not knowing I don’t have a job lined up. They are supposed to be celebrating at graduation and half the class is an anxious mess, especially the foreign students.

TBF, this happened to those graduating in 2008-2009 and during the Dot Com bust. But tuition is so much higher these days for an elite Ivy MBA.

I don’t care, sorry.

[Anonymous]

Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

Not with $200k in student loans.

More. HBS tuition and fees alone are $83K, and they tell students to budget another $33K for living expenses.

Plus, the foreign students need to tap private lenders or lenders in their home countries. They likely have a variable interest rate, which has probably gone up 500 basis points since they started HBS in fall of 2021.

These folks are getting crushed.

[Anonymous]

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

[Anonymous]

Look at this con job published by HBS. These folks got snowed.

https://www.hbs.edu/mba/financial-aid/tuition-assistance/Pages/cost-of-attendance.aspx

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

Not with $200k in student loans.

More. HBS tuition and fees alone are $83K, and they tell students to budget another $33K for living expenses.

Plus, the foreign students need to tap private lenders or lenders in their home countries. They likely have a variable interest rate, which has probably gone up 500 basis points since they started HBS in fall of 2021.

These folks are getting crushed.

MBB pay for MBAs, although you must go back to work for them after.

[Anonymous]

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Sorry you couldn’t get in.