A lot of us young professionals desire to eventually pursue further studies for numerous reasons, including accelerating one’s climb in the corporate ladder. Though we all have different plans and ways of executing this desire, somehow, we kinda hope we’ll get that placement ticket successfully. And if there will be a genie that will allow us to choose which school to go if we were to leave for MBA school at this very second, our tendency will probably be to choose the likes of Harvard or Wharton.
Lo and behold: US MBA graduates are in serious trouble. Even the dream schools like Wharton are not spared by the US Recession (which has supposedly ended).
BusinessWeek recently published the 2009 Placement Statistics of 30 Top-Ranked US Business Schools. Provided below is the scary result. All percentages pertain to percentage of students without job offers three months after graduation.
No. 1 YALE UNIVERSITY, SCHOOL OF MANAGEMENT
in 2009: 8% | in 2007: 6%
No. 2 WASHINGTON UNIVERSITY, OLIN BUSINESS SCHOOL
in 2009: 8% | in 2007: 4%
No. 3 HARVARD BUSINESS SCHOOL
in 2009: 8.8% | in 2007: 3%
No. 4 STANFORD UNIVERSITY, GRADUATE SCHOOL OF BUSINESS
in 2009: 10% | in 2007: 3%
No. 5 MIT, SLOAN SCHOOL OF MANAGEMENT
in 2009: 12.8% | in 2007: 2%
No. 6 UNIVERSITY OF MARYLAND, SMITH SCHOOL OF BUSINESS
in 2009: 13% | in 2007: 2%
No. 7 UNIVERSITY OF CHICAGO, BOOTH SCHOOL OF BUSINESS
in 2009: 13.5% | in 2007: 2.4%
No. 8 (tie) NORTHWESTERN UNIVERSITY, KELLOGG SCHOOL OF MANAGEMENT
in 2009: 14% | in 2007: 5%
No. 8 (tie) COLUMBIA BUSINESS SCHOOL
in 2009: 14% | in 2007: 5%
No. 10 UNIVERSITY OF CALIFORNIA AT BERKELEY, HAAS SCHOOL OF BUSINESS
in 2009: 14% | in 2007: 4%
No. 11 CARNEGIE MELLON UNIVERSITY, TEPPER SCHOOL OF BUSINESS
in 2009: 14% | in 2007: 3%
No. 12 DARTMOUTH COLLEGE, TUCK SCHOOL OF BUSINESS
in 2009: 14% | in 2007: 2%
No. 13 GEORGIA INSTITUTE OF TECHNOLOGY, COLLEGE OF MANAGEMENT
in 2009: 15% | in 2007: 2%
No. 14 BRIGHAM YOUNG UNIVERSITY, MARRIOTT SCHOOL OF MANAGEMENT
in 2009: 17% | in 2007: 2%
No. 15 EMORY UNIVERSITY, GOIZUETA BUSINESS SCHOOL
in 2009: 18% | in 2007: 6%
No. 16 UNIVERSITY OF VIRGINIA, DARDEN SCHOOL OF BUSINESS
in 2009: 18% | in 2007: 3%
No. 17 NEW YORK UNIVERSITY, STERN SCHOOL OF BUSINESS
in 2009: 18% | in 2008: 8%*
No. 18 VANDERBILT UNIVERSITY, OWEN GRADUATE SCHOOL OF MANAGEMENT
in 2009: 19% | in 2007: 13%
No. 19 UNIVERSITY OF SOUTHERN CALIFORNIA, MARSHALL SCHOOL OF BUSINESS
in 2009: 19% | in 2007: 4%
No. 20 UNIVERSITY OF NOTRE DAME, MENDOZA COLLEGE OF BUSINESS
in 2009: 19% | in 2007: 1%
No. 21 UNIVERSITY OF WASHINGTON, FOSTER SCHOOL OF BUSINESS
in 2009: 19% | in 2007: 7%
No. 22 UCLA, ANDERSON SCHOOL OF MANAGEMENT
in 2009: 20% | in 2007: 4%
No. 23 UNIVERSITY OF PENNSYLVANIA, THE WHARTON SCHOOL
in 2009: 21% | in 2007: 3.9%
No. 24 UNIVERSITY OF TEXAS AT AUSTIN, McCOMBS SCHOOL OF BUSINESS
in 2009: 21% | in 2007: 2%
No. 25 DUKE UNIVERSITY, FUQUA SCHOOL OF BUSINESS
in 2009: 22% | in 2007: 9%
No. 26 UNIVERSITY OF MICHIGAN, ROSS SCHOOL OF BUSINESS
in 2009: 22% | in 2007: 4%
No. 27 CORNELL UNIVERSITY, JOHNSON SCHOOL OF MANAGEMENT
in 2009: 24.2% | in 2007: 3.9%
No. 28 SOUTHERN METHODIST UNIVERSITY, COX SCHOOL OF BUSINESS
in 2009: 27% | in 2007: 10%
No. 29 INDIANA UNIVERSITY, KELLEY SCHOOL OF BUSINESS
in 2009: 28% | in 2007: 3%
No. 30 UNC AT CHAPEL HILL, KENAN-FLAGLER BUSINESS SCHOOL
in 2009: 29% | in 2007: 7%
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This is true for graduates with no prior expertise before going to business school. MBA grads who have skills would have more options in a difficult job market. Finish the CFA program first before taking MBA.
rabbaddal
By: rabbaddal on November 8, 2009
at 2:47 am
[...] Lo and behold: US MBA graduates are in serious trouble. Read more here. [...]
By: Worse Placement Stats for US MBA Schools : PinoyBlogoSphere.com (PBS) on November 9, 2009
at 6:06 am