WSJ: Almost a quarter of HBS MBA class of 2024 is still unemployed

https://www.wsj.com/lifestyle/careers/harvard-mba…

Landing a professional job in the U.S. has become so tough that even Harvard Business School says its M.B.A.s can’t solely rely on the university’s name to open doors anymore.

Twenty-three percent of job-seeking Harvard M.B.A.s who graduated last spring were still looking for work three months after leaving campus. That share is up from 20% the prior year, during a cooling white-collar labor market; the figure was 10% in 2022, according to the school. 

“We’re not immune to the difficulties of the job market,” said Kristen Fitzpatrick, who oversees career development and alumni relations for HBS. “Going to Harvard is not going to be a differentiator. You have to have the skills.”

Harvard isn’t the only elite business school where recent grads seem to be stumbling on their way into the job market. More than a dozen top-tier M.B.A. programs, including those at the University of Pennsylvania’s Wharton School, Stanford’s Graduate School of Business and New York University’s Stern School of Business, had worse job-placement outcomes last year than any other in recent memory.