Job placement rates have declined at all top U.S. business schools [non-paywalled source] since 2021, leaving MBA graduates anxious about their expensive degrees' return on investment. Harvard Business School, which produced Wall Street titans like Bill Ackman and Ray Dalio, saw the percentage of graduates without job offers three months post-graduation rise from 4% in 2021 to 15% currently.

Similar trends are evident at Stanford, Chicago Booth, MIT Sloan, and Wharton, where 7% of 2024 graduates lacked offers within three months of completing their programs. Industry experts cited in a Bloomberg report attribute the downturn to tepid white-collar job growth, declining private-sector wages, and high-profile layoffs at companies including Meta and JPMorgan.

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