“Worst hiring environment for HBS students since 2009”

[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.

Omg, you typed the exact words out of my mouth!

[Anonymous]

Anonymous wrote:

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.

There are no unemployed med school grads. That’s bc after 4 years of medical school and even though they have >$250K in debt they take jobs making $50-75K working 90 hours a week for 3-7 years before they get the kids of salaries these MBAs expect for rolling out of bed the day they graduate from a two-year degree.

These HBS students just don’t want the jobs they can get and think they are too good for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

There are no unemployed med school grads. That’s bc after 4 years of medical school and even though they have >$250K in debt they take jobs making $50-75K working 90 hours a week for 3-7 years before they get the kids of salaries these MBAs expect for rolling out of bed the day they graduate from a two-year degree.

These HBS students just don’t want the jobs they can get and think they are too good for them.

Great point

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

What med school grad is unemployed?

Those who don’t get matched into residency. Around 7% of med school graduates do not get matched. So they leave med school with $300K+ in debt and no prospects to pay it off.

https://www.nytimes.com/2021/02/19/health/medical-school-residency-doctors.html

BFD. They can do a research year and apply again the following year for a less competitive residency. Everyone who graduates medical school in this country who wants a residency can get one. It’s just a question of which one.

[Anonymous]

Anonymous wrote: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

I went to a top 10 MBA program and my school is not having this problem. Everyone knows that HBS grads don't have any practical experience and can't do the job. That's why you rarely see them in the wild.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

What med school grad is unemployed?

Those who don’t get matched into residency. Around 7% of med school graduates do not get matched. So they leave med school with $300K+ in debt and no prospects to pay it off.

https://www.nytimes.com/2021/02/19/health/medical-school-residency-doctors.html

And the vast majority of them find something to do for a year (either they continue interviewing and find an open spot somewhere less desirable or they research for a year and get matched the following year). It's not a big deal.

[Anonymous]

Anonymous wrote:

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.

Omg, you typed the exact words out of my mouth!

Is that chip on your shoulder too heavy for you? Sorry no one wanted to hire your podunk state college business major pedigree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

There are no unemployed med school grads. That’s bc after 4 years of medical school and even though they have >$250K in debt they take jobs making $50-75K working 90 hours a week for 3-7 years before they get the kids of salaries these MBAs expect for rolling out of bed the day they graduate from a two-year degree.

These HBS students just don’t want the jobs they can get and think they are too good for them.

Of course there are. Tons don’t match into a residency.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think they’ll be fine. The pendulum always swings back, and HBS MBA grads will be at the top of the hiring pack when the job market rebounds.

And even in a tough job market, these grads will out-job and out-earn the non-HBS MBA grads. I don’t think they realistically have anything to worry about.

That’s part of the point of the article

If hbs “catches a cold”

The rest have death fevers

What’s the return gonna be on a vandy mba or fuqua?

There’s a reason why some big 10 flagships have shut down their bschools

I think the big 10 flagships shutting down their MBAs has more to due with the locations of such schools. Quitting your $95k-160k/year job to go live in State College, Pa for 2 years while you pay out the arse to do an MBA is a hard sell.

Wisconsin almost closed their program. But people who go to Ohio State or Minnesota for an MBA are generally from those states and looking to punch a ticket.

Minneapolis has plenty of Fortune 500 companies. As a Harvard alum myself, I was kind of nauseated reading this article. The entitlement is too much for me.

[Anonymous]

Anonymous wrote:

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.

Exactly! What a stupid statement. I would not even think of taking a wait staff job. Would rather be unemployed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Exactly! What a stupid statement. I would not even think of taking a wait staff job. Would rather be unemployed.

The real danger in HBS grads being unable to find a job is that they will then take the job of something that they’re overqualified for, in turn taking a job from a recent college grad.

Be careful what you wish for. Cheering for these students’ downfall (which, BTW, Harvars MBAs waiting tables is just something that won’t happen even in a recession) will possibly be at the detriment of your kids.

[Anonymous]

Who are HBS students?

I would think that folks who went to elite undergrad programs (esp. top undergrad business programs) wouldn’t feel the need to get an MBA, but HBS & schools like it only admit students who are in careers that require that you’ve attended an elite college. Veterans who were enlisted, managers of a BestBuy or McDonald’s and big 4 auditors need not apply.

[Anonymous]

If the Harvard MBA students aren’t finding real jobs, I can’t even imagine what it’s like for, say, UMD MBA students.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Exactly! What a stupid statement. I would not even think of taking a wait staff job. Would rather be unemployed.

Some capitalist you are!

[Anonymous]

Anonymous wrote: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

Makes sense.

Tech isn’t hiring. Start ups conserving cash.

PE and VC are still marking down portfolios the next several quarters

And the guys who hire 12 mos ahead of time via internship classes are done (IB, Consulting, Corp rotations, marketing)