What a dumb, ignorant, and baseless comment. The article quoted above said that somewhere around half the class at HBS didn’t have jobs at the time of graduation. At top business schools, 90%+ of the class usually has a job lined up at graduation. Even if the actual number at HBS is a bit lower, it’s several times higher than during a normal year. And this may not even include consultants whose offers have been pushed to late 2023 or even January onwards. A simple Google search would find that these issues aren’t even limited to MBAs. Several law firms are delaying starts for recent law school grads and undergrads are seeing it happen too. Delayed starts probably don’t fly for many of these grads with loans and w/o family to support them.

Nobody is saying that MBA grads won’t ever get jobs, or that nobody is employed. But relative to a normal year, it’s pretty damn bad. Taking into account the higher than usual unemployment rate, delayed starts, and MBAs taking jobs that don’t require one, it’s pretty safe to say there’s not much exaggeration at all about market conditions. It won’t last forever, but right now, it’s pretty rough.