In "Boom Time for MBAs in US" the Financial Times reports that business school graduates in the Class of ’07 are enjoying a near-record hiring season. For example:
- Tuck reports that the number of "companies that came to Tuck this year increased roughly 30 per cent from last year, while the number of office hours offered by companies that recruit at the school was up nearly 70 per cent from the year before."
- Wharton enjoyed a 10% increase in the number of companies visiting campus and the number of positions being recruited for.
- "By the end of February of this year, more than 80 per cent of graduating students at Columbia GSB had secured jobs. Three years ago, that figure was 54 per cent."
Both recruiters interviewed in the article and school representatives reported increased interest in hiring MBAs across a broad spectrum of industries.
This is great news for students graduating or currently in school, but probably the cloud in the silver lining for those of you planning to apply this fall for matriculation in 2008. More people are going to want an MBA when businesses are seeking MBAs. Since the schools are not increasing class size — and in some cases (Yale, Columbia) have actually shrunk their classes slightly — competition will be even more intense. Take advantage of Accepted’s admissions chats, newsletters, articles, and MBA admissions consulting and editing to ensure that you submit your best.