The bankruptcy of Lehman Brothers in 2008 and subsequent financial crisis changed the job scene for MBAs. But what did the changes look like at each school?
collected employment data from MBA programs with long histories of sending graduates to the biggest Wall Street banks and consulting firms.
Combined, the University of Chicago's Booth School of Business
(Booth Full-Time MBA Profile
), the University of Pennsylvania's Wharton School
(Wharton Full-Time MBA Profile
), and Columbia Business School
(Columbia Full-Time MBA Profile
) sent a total of 176 MBAs to Lehman in 2005, 2006, and 2007. We wanted to know exactly which employers have since made up for those kinds of hiring losses.
At the University of Michigan's Ross School of Business
(Ross Full-Time MBA Profile
), for example, Amazon.com (AMZN
) eclipsed Citigroup (C
) as one of the program's top three employers. And at Duke's Fuqua School of Business
(Fuqua Full-Time MBA Profile
), Apple (AAPL
) increased hiring more than threefold, while Citigroup hired 37 percent fewer grads.
Most business schools expect to report hiring figures for this spring's graduating class by fall, offering a glimpse at the job scene to come. For now, here is a pre- and post-crisis hiring snapshot.
Note: Data were submitted to Bloomberg Businessweek by the schools. Harvard and Stanford did not participate.
Hiring numbers are for
all MBA programs at each school, excluding executive MBA programs, except where
noted. Approximations are used where exact figures are not available.