Unemployed MBA Students by College

It is a very difficult thing to spend $500,000 on an education only to find out that your degree isn’t in demand in the post Finance-Insurance-Real-Estate world.

It’s too bad some of these kids didn’t learn to build or create stuff now that the era of Wall Street Engorgement is over.  Unfortunately, even despite the shocking stats you’re about to see, enrollment in B-Schools is still incredibly high.  It hasn’t become apparent yet that Degrees don’t necessarily equal Skills.

From BusinessWeek via Mises.org, here are the percentages of unemployed MBA students by school; they’ve compared 2009 to 2007 so we can look at how drastically things have changed:

% of students without job offers three months after graduation

1. YALE UNIVERSITY, SCHOOL OF MANAGEMENT

• in 2009: 8%
• in 2007: 6%

2. WASHINGTON UNIVERSITY, OLIN BUSINESS SCHOOL

• in 2009: 8%
• in 2007: 4%

3. HARVARD BUSINESS SCHOOL

• in 2009: 8.8%
• in 2007: 3%

4. STANFORD UNIVERSITY, GRADUATE SCHOOL OF BUSINESS

• in 2009: 10%
• in 2007: 3%

5. MIT, SLOAN SCHOOL OF MANAGEMENT

• in 2009: 12.8%
• in 2007: 2%

6. UNIVERSITY OF MARYLAND, SMITH SCHOOL OF BUSINESS

• in 2009: 13%
• in 2007: 2%

7. UNIVERSITY OF CHICAGO, BOOTH SCHOOL OF BUSINESS

• in 2009: 13.5%
• in 2007: 2.4%

8 (tie). NORTHWESTERN UNIVERSITY, KELLOGG SCHOOL OF MANAGEMENT

• in 2009: 14%
• in 2007: 5%

8 (tie). COLUMBIA BUSINESS SCHOOL

• in 2009: 14%
• in 2007: 5%

10. UNIVERSITY OF CALIFORNIA AT BERKELEY, HAAS SCHOOL OF BUSINESS

• in 2009: 14%
• in 2007: 4%

11. CARNEGIE MELLON UNIVERSITY, TEPPER SCHOOL OF BUSINESS

• in 2009: 14%
• in 2007: 3%

12. DARTMOUTH COLLEGE, TUCK SCHOOL OF BUSINESS

• in 2009: 14%
• in 2007: 2%

You’ll have to wade through one of those obnoxious slideshows for the entire 29 school list, but if you really want to, click below:

Best and Worst MBA Job Placement (BusinessWeek)

And for some commentary on the mess that is the college system, visit Mises below:

Goodbye College (Mises.org)