By Nandini Tyagi
January 21, 2025
Jan 21, 2025
A recent report by The Wall Street Journal reveals that 23% of MBA graduates from Harvard Business School are unemployed three months after graduation
Photo - harvard.edu
This declining trend in employment among MBA graduates is also observed in other prestigious business schools including Stanford and Wharton
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The report raises concerns about the effectiveness of an MBA degree in securing high-paying roles. Experts have pointed to economic shifts and changes in hiring strategies as key factors
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Companies are focusing on ‘efficiency’ and ‘restructuring’ rather than hiring generalist MBAs, especially in firms like Amazon, Google, and McKinsey
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The growing demand for specialised technical skills, such as coding and data analytics, has also led to a decline in the need for traditional MBA graduates
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The rise of artificial intelligence and automation has further complicated the job market, with many MBA-requiring roles being redefined or eliminated
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Many elite MBA graduates now face the harsh reality of adjusting their expectations and question whether their expensive degrees will provide the expected return on investment
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Amid the changing economic conditions, MBA programmes must re-evaluate their curriculums and adapt to better prepare students for an increasingly specialised workforce
Photo - Freepik