Fancy business-school degrees aren’t worth what they used to be.
Only 55 percent of students poised to earn MBAs from the nation’s top 25 business schools said they had received job offers with salaries of $100,000 or more — down from 81 percent last year, according to an annual survey from Training the Street, a professional education program.
Meanwhile, 33 percent of MBA students — including first-year and second-year full-time students, as well as part-timers — said they had no job offers, up from 17 percent a year earlier.
Only 35 percent of respondents were “very optimistic” about their prospects compared to last year — when 55 percent had the same outlook, according to the reports.
The survey, which polled more than 500 business students at top schools including Harvard, Stanford and Columbia, was a dramatic shift from the optimistic surveys of the last few years.
Previously, the numbers had showed that MBAs were rolling in cash, snubbing traditional banks, and beating out other job hunters. But the newest poll showed more anxiety than ever, as business students are increasingly saddled with loan debt.
“This ability to pay for education is touching all levels, even the top MBA schools,” Scott Rostan, found and CEO of Training the Street, told The Post.
More than half of MBAs said debt factored into their decision on which job to take — with nearly a third saying their debt load “very much” affects what job they’ll take out of school, according to the study.
MBAs are among the most expensive degrees that college grads can get. The Wharton School can leave new graduates with more than $200,000 in debt to pay for the two-year degree and expenses.
“Talented people like this who are in the system, so to speak, they’re looking for opportunities out there. Companies are hiring, not at breakneck records, but they’re hiring,” Rostan said.
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