Kellogg | Ms. Retail To Technology
GMAT 670, GPA 3.8
Harvard | Mr. Aspiring FinTech Entrepreneur
GMAT 750, GPA 3.9
Stanford GSB | Mr. Fill In The Gaps
GRE 330, GPA 3.21
Darden | Mr. Military Communications Officer
GRE Not taken yet, GPA 3.4
INSEAD | Mr. Behavioral Changes
GRE 336, GPA 5.8/10
McCombs School of Business | Mr. Texas Recruiter
GMAT 770, GPA 3.04
USC Marshall | Mr. Strategy Consultant
GMAT 730, GPA 4.0
UCLA Anderson | Ms. Qualcomm Quality
GMAT 660, GPA 3.4
HEC Paris | Mr. Introverted Dancer
GMAT 720, GPA 4.0
Georgetown McDonough | Mr. Navy Vet
GRE 310, GPA 2.6
Berkeley Haas | Mr. Entertainment Agency
GMAT 750, GPA 3.8
Chicago Booth | Mr. Quant
GMAT 750, GPA 3.7
Ross | Mr. Top 25 Hopeful
GMAT 680, GPA 3.3
Berkeley Haas | Mr. Well-Traveled Nonprofit Star
GRE 322, GPA 3.0
Yale | Mr. Gay Social Scientist
GMAT 740, GPA 2.75 undergrad, 3.8 in MS
Wharton | Mr. MBA When Ready
GMAT 700 (expected), GPA 3.3
London Business School | Mr. Low Undergrad GPA
GMAT 760, GPA 65/100 (1.0)
Chicago Booth | Ms. Hotel Real Estate
GMAT 730, GPA 3.75
Chicago Booth | Mr. EduTech
GRE 337, GPA 3.9
Columbia | Mr. Infra-Finance
GMAT 710, GPA 3.68
Duke Fuqua | Mr. Vigor
GMAT 740, GPA 3.0
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
Harvard | Ms. Comeback Kid
GMAT 780, GPA 2.6
London Business School | Mr. Family Investment Fund
GMAT 790, GPA 3.0
HEC Paris | Ms. Freelancer
GMAT 710, GPA 5.3
MIT Sloan | Mr. Sans-Vertebrae
GMAT 730, GPA 3.78
INSEAD | Mr. Business Manager
GMAT 750, GPA 3.0

MBA Jobs Back For Class of 2011

Unemployment in the U.S. is still hovering at troubling levels, but not for graduates of the top business schools. The data is now in and it’s official: The Class of 2011 had considerably better luck in landing jobs shortly after graduation than MBAs who got the degree either last year or in 2009.

Of 30 highly ranked business schools, only one school–Georgia Institute of Technology– reported that the percentage of MBAs without job offers three months after commencement went up. Georgia said that a mere 5% of its graduating class lacked offers, up from just 3% in 2010.

The good news has been dribbling out of business schools for months now. But only recently have most schools published their 2011 employment reports. The data confirms earlier reports by the Graduate Management Admission Council that MBAs landed more jobs, with slightly more job offers at higher starting salaries this year.

The schools with the absolute best records in job placement for the Class of 2011 are Dartmouth’s Tuck School of Business, Harvard Business School, Columbia Business School, and the University of Minnesota’s Carlson School of Business. Some 97% of the MBAs from those four schools had job offers in hand within three months of their graduation this year. Tuck matched its leading 2010 placement record, while Harvard improved from 95%, Columbia from 94%, and Carlson from 91%.

In many cases, schools reported dramatic increases in the percentage of MBAs with job offers. Michigan State’s Broad School of Business, for example, reported that only 13% of its graduates were without job offers three months after graduation, down from 28% last year. Southern Methodist University’s Cox School said that 17% of its graduates were without job offers three months after commencement, down from 33% last year. And Duke University’s Fuqua School of Business reported that 8% of its MBA graduates were without job offers, down from 19% in 2010.

This year’s gains were even more dramatic when compared against the results for the Class of 2009 when MBA job placement was devastated by the Great Recession (see table below). That year, for instance, the University of North Carolina’s Kenan-Flagler Business School reported that 29% of its MBAs lacked job offers three months after graduation. This year, only 12% of the graduating class was in that unenviable position.

School2011 Without Jobs20102009
1. Dartmouth (Tuck)3.0%3.0%14.0%
2. Harvard Business School3.0%5.0%8.8%
3. Columbia Business School3.0%6.0%14.0%
4. Minnesota (Carlson)3.0%9.0%NA
5. MIT (Sloan)4.1%6.5%12.8%
6. Georgia Institute of Technology5.0%3.2%15.0%
7. Stanford GSB5.0%7.0%10.0%
8. Virginia (Darden)5.0%13.0%18.0%
9. Emory (Goizueta)5.0%7.0%18.0%
10. Washington (Olin)5.0%6.0%8.0%
11. Yale School of Management6.0%8.0%8.0%
12. Northwestern (Kellogg)6.0%10.0%14.0%
13. Indiana (Kelley)6.0%14.0%28.0%
14. Texas A&M7.0%8.0%NA
15. Chicago (Booth)7.0%8.9%13.5%
16. New York (Stern)7.0%10.0%18.0%
17. Texas-Austin (McCombs)8.0%7.0%21.0%
18. Berkeley (Haas)8.0%10.0%14%
19. Rice (Jones)8.0%16.0%NA
20. Duke (Fuqua)8.0%19.0%22.0%
21. Carnegie Mellon (Tepper)9.0%11.2%14.0%
22. Southern California (Marshall)9.0%12.0%19.0%
23. UCLA (Anderson)9.0%15.0%20.0%
24. Brigham Young (Marriott)10.0%14.0%17.0%
25. Notre Dame (Mendoza)10.0%18.0%19.0%
26. Cornell (Johnson)11.0%17.0%24.2%
27. North Carolina (Kenan-Flagler)12.0%15.8%29.0%
28. Michigan State (Broad)13.0%28.0%NA
29. Vanderbilt (Owen)13.0%13.0%19.0%
30. Michigan (Ross)15.0%22.0%22.0%
31. Southern Methodist (Cox)17.0%33.0%27.0%

Source: School reporting to BusinessWeek and individual school employment reports



About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.