Lindsay Ellis
speaker
770 appearances
18 recordings
1 series
first heard Mar 2022
last heard Jan 2025
Lindsay Ellis’s voice in public audio — every appearance, attributed to the second.
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WSJ Your Money Briefing · Why It’s Tough for Harvard M.B.As to Find Jobs Right Now · 22 Jan 2025
podcast
The vast majority of schools that I was looking at saw twice as many recent graduates on the job market this year still looking for work three months out than they did two years ago when the market was really hot.
Overall, it is a tough market for white collar workers, and companies are looking for people with direct experience in many cases, making it harder for MBAs who may be trying to pivot into a new field from a degree program.
That might be more difficult to make the case that they would be the exact right fit for an open position.
Recruiters also, as recently as 2022, would come to campus early in the school year and would try and hire a ton of MBAs.
And now companies are more apt to do virtual recruiting and they are hiring when they have a clearer sense of their business needs, which might be closer to graduation or even after graduation.
That all adds up to MBA graduates who came onto the market after leaving campus in 24, that they are having a more difficult time finding work than those even two years prior.
So almost a quarter of the Harvard Business School graduates who left campus in 2024 who were looking for jobs didn't accept one three months after graduation.
Their career center leader, Kristen Fitzpatrick, she told me that graduates need to have the skills, that just going to Harvard is not going to be a differentiator.
And she says that she doesn't expect this super selective job market to change much.
Is this happening across the board with students?
So Harvard is certainly not alone here.
As part of the reporting for this article, I reviewed five years of employment data for more than a dozen MBA programs.
And these programs were among the highest ranked in the country.
And only one that I found, Columbia Business School, saw success.
better year-over-year outcomes from the class of 2023 to the class of 2024.
The vast majority of schools that I was looking at saw twice as many recent graduates on the job market this year still looking for work three months out than they did two years ago when the market was really hot.
So recent graduates from these extremely prestigious business programs
are having longer searches and accepting jobs at lower rates than they did even two years ago.
Many of them tell me that networking has been key.
They are spending a lot of time reaching out to folks on LinkedIn or for informational interviews to try and get a good sense of what companies might be hiring and building those interpersonal connections to potentially get a referral when a job opens up.
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