The Wall Street Journal reported that 23% of job seekers who graduated from Harvard MBA last spring had been looking for jobs for more than three months, up 3% from 2023 and 13% from 2022.
Graduates of the Wharton School, Stanford University Business School, and New York University Stern Business School, which are also prestigious business schools, are also known to have deteriorated employment conditions compared to the past.
The Wall Street Journal analyzed that last year, the proportion of top-rated business graduate students unable to find a job three months after graduation doubled compared to 2022.
Analysts say that even graduates of prestigious business schools have narrowed their employment doors because IT giants such as Amazon, Google, and Microsoft and consulting firms are reducing hiring of MBA graduates from prestigious universities.
The University of Virginia's Darden Business School Career Center said companies were changing the way they hired, adding, "Companies are now saying they won't come to campus anymore."
In response, universities are also strengthening their job support programs, such as opening a four-day job preparation course for Harvard MBA, which tells people how to network and how to promote their capabilities.
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