Flunking out: why the MBA may be losing its cachet

名落孙山:为何MBA可能正在失去其光环

Editor's Picks from The Economist

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2025-01-22

10 分钟
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A handpicked article read aloud from the latest issue of The Economist. Long regarded as a way into the corporate world's ruling class, the MBA has thrived on its legacy of prestige. But falling post-graduate prospects may be tarnishing its sheen.  Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+
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  • The Economist. Hello, Mike Bird here, co-host of Money Talks,

  • our weekly podcast on markets, the economy and business.

  • Welcome to Editor's Picks.

  • We've chosen an article from the latest edition of The Economist,

  • which we very much hope you'll enjoy.

  • In business,

  • there is no surer sign of distress than when a firm delays its financial results.

  • That also appears to be true of business schools.

  • Around Christmas, and in many cases behind their usual schedules,

  • America's leading business schools published their equivalent of annual reports,

  • which include data on the new jobs of graduates from their Master of Business Administration MBA programmes,

  • typically two-year courses for students with professional experience.

  • We have crunched the numbers.

  • At the top 15 business schools,

  • the share of students in 2024 who sought and accepted a job offer within three months of graduating,

  • a standard measure of career outcomes fell by six percentage points to 84%.

  • Compared with the average over the past five years, that share declined by eight points.

  • Some declines are jaw-dropping.

  • The Massachusetts Institute of Technology MIT,

  • has a decent claim to be the world's top university.